Business

Manuel Pangilinan  An oil and gas exploration company lauded the Marcos administration for asserting the Philippines’ rights over the West Philippine Sea (WPS). PXP Energy Corp. chairman Manuel Pangilinan said President Ferdinand Marcos Jr.’s position on the WPS, which is also claimed by China and other Asian countries, would advance …

Panama’s President Laurentino Cortizo on Tuesday said his government would proceed with the shutdown of First Quantum’s copper mine after the country’s Supreme Court ruled the Canadian miner’s contract was unconstitutional.  Mining contract has sparked widespread protests across the country for weeks. Panama’s president said Tuesday that Canadian miner First …

Streaks of lightning strike through the night sky behind condominium buildings in Manila on July 1, 2023. (STAR / Miguel De Guzman)  MANILA, Philippines — The Philippines continues to lag behind other economies in Asia in terms of investments, which have yet to return to pre-COVID levels, according to ANZ …

AC Health said Tuesday the newly-opened Healthway Cancer Care Hospital (HCCH) in Taguig City will be fully operational by January 2024.  HCCH chief operating officer Jenara Rosanna Ong said in a news briefing the hospital, which had a soft opening on Friday, was ramping up its operations starting with its …

Canadian oilsands companies are working to develop a proposed $16.5 billion carbon capture project, amid mixed support from local communities and ongoing questions about whether such projects are effective in the global fight against climate change.  Governments pledge new funding for the technology as new report questions whether it’s worthwhile. …

AN executive of the Italian Chamber of Commerce in the Philippines Inc. said businesses in Italy are keenly interested in investing in the Philippines. Speaking in SMNI’s weekly public affairs program “Business and Politics” hosted by The Manila Times Chairman and CEO Dante “Klink” Ang 2nd, the group’s executive director, …

Three Atlantic seafood companies have faltered financially in 2023 with TD Bank as a secured creditor on loans totalling $39 million.  Despite failures of some companies, consultant says the sector is strong. A bankruptcy and insolvency court in Halifax granted Chester Basin Seafoods more time to restructure late last week …

This Nov. 26, 2023 photo shows the Ninoy Aquino International Airport Terminal 3. (Philstar.com / Rosette Adel)  MANILA, Philippines — The Manila International Airport Authority is set to conduct another series of scheduled electrical maintenance activities at the Ninoy Aquino International Airport Terminal 3 as part of its medium-term program …

The Bangko Sentral ng Pilipinas (BSP) may consider pausing again in its last policy meeting for the year, especially if inflation decelerates further and the peso remains stable, an economist said over the weekend.  Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a report the BSP could also …

Airline industry insiders say passengers have become carried away with carry-on baggage, leading to costly delays. That’s prompting calls for changes to how airplanes charge for baggage, with some discount airlines like Sunwing and Spirit already beginning to flip the fee structure so passengers pay for the privilege of keeping …