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Tiger Woods, Nike to split after more than 27 years

Tiger Woods and Nike announce they are ending their partnership after more than 27 years.  Woods thanks Nike, says there will be ‘another chapter’ to his storied career in social media post. Tiger Woods is no longer a Nike athlete after 27 years, ending a partnership between the swoosh and …

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PH furniture industry forecasts 20% sales growth in 2024

The local furniture-making industry is aiming for a 15 to 20 percent rise in sales this year to meet the demands of overseas markets for Filipino-made furnishings. In a statement, Philippine Exporters Confederation Inc. (PHILEXPORT) Trustee for the Furniture sector Myrna Bituin said she is “hopeful about growth because buyers …

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PSEi down on profit-taking, peso weak on Monday

MANILA – The local bourse shed on Monday on profit-taking, while the local currency closed weak at the start of the trading week. The Philippine Stock Exchange index (PSEi) finished the trading down by 20.42 points to 6,609.22, with All Shares also closing lower by 3.01 points to 3,499.51. Only Industrial …

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Aritzia wins dismissal of lawsuit over hot-pink sculptures

A U.S. judge has dismissed a lawsuit against Vancouver-based Aritzia that accused the retailer of copying an artist’s work with hot pink, macaroni-shaped sculptures that appeared in stores in early 2023. Vancouver-based retailer displayed the sculptures in major cities in the spring. A federal judge in the United States has …

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DTI: Small percentage of basic goods to increase SRPs

SRP HIKE. Suggested retail prices of basic goods and prime commodities are expected to increase starting this month as the Department of Trade and Industry is set to update the SRP bulletin. The last price hike in basic goods was in February 2023. (PNA photo by Ben Briones) MANILA – The Department of …

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Easing inflation consistent with BSP outlook

The Bangko Sentral ng Pilipinas (BSP) said Friday, Jan. 5, that the latest consumer price index (CPI) of 3.9 percent for the month of December 2023 is within its forecast range and remains consistent with its 2024 outlook of a decelerating inflation. In a statement after the government CPI December …

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