Monde Nissin incurs P13-B net loss in 2022
MONDE NISSIN CORP. suffered a net loss of P13.03 billion in 2022, a reversal of its P3.12-billion net income a year earlier, due to a one-off charge the company incurred in Marlow foods.“The impairment was caused by the application of
MGen unit eyes Ilocos Norte solar plant expansion
THE 68-MW “Garcia 2” Solar Project, located in the municipality of Currimao in Ilocos Norte. — VENAENERGY.COMMGEN RENEWABLE Energy, Inc. (MGreen) is keen to expand its 68-megawatt-alternating current (MWac) solar plant project with Vena Energy in Ilocos Norte.“This is a
Sta. Lucia Land board clears six projects, P1.5-B loan
LISTED real estate developer Sta. Lucia Land, Inc. said on Thursday that its board had approved taking out a P1.5-billion long-term loan facility while authorizing joint ventures to develop six projects, including an acquisition in Batangas.In a disclosure to the
DTI, Amazon tie up for entrepreneurs’ digital shift
THE Department of Trade and Industry (DTI) partnered with Amazon Web Services (AWS) to help the digital transition of local entrepreneurs and businesses.In a statement on Thursday, the DTI said that it signed a memorandum of understanding with AWS in
CTA partially grants refund claim of Kuwait Airways
CTA.JUDICIARY.GOV.PH/THE Court of Tax Appeals (CTA) has granted part of Kuwait Airways Corp.’s appeal to refund its overpaid income taxes in the amount of P12.3 million for the year 2017.In a 17-page decision dated March 28 and made public on
Netflix tests idea of expanding gaming service to televisions
NETFLIX, Inc. is working to bring its nascent video-game service to television sets for the first time, moving beyond smartphones and tablets in a sign of its growing ambitions. Code hidden within Netflix’s app includes references to games played on TVs,
East West Banking Corp. to conduct annual stockholders’ meeting virtually on April 21
East West Banking Corp. to conduct annual stockholders' meeting virtually on April 21 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section
ACEN subscribes to P5-B shares in Santa Cruz Solar unit
AYALA-LED ACEN Corp. announced on Thursday that it had executed a subscription agreement with its wholly-owned subsidiary Santa Cruz Solar Energy Inc. (SCSEI) to fund the construction of the latter’s solar project in Zambales.In a stock exchange disclosure, ACEN said
Security Bank Corp. to hold stockholders’ meeting via remote communication on April 25
Security Bank Corp. to hold stockholders' meeting via remote communication on April 25 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section
Flexible work seen in favor across industries
REUTERSBy John Victor D. Ordoñez, ReporterCURRENT EMPLOYEES are indicating heightened interest in flexible work arrangements, pointing to a broader trend of job holders becoming more empowered about where and how they work, workplace consultancy Great Place to Work said.“It is
EntertainmentNews (03/31/23)
1 of 12Film screenings explore the limits of time and spaceAWARD-winning and critically acclaimed international films discover the essential aspects of one’s life and existence will be screened for free online every Wednesday of April. The line-up features diverse works
AboitizPower, Ibaan Electric renews power supply agreement
Aboitiz Power Corp. said its subsidiary Therma Luzon, Inc. will continue to supply power to Ibaan Electric Corp. after the latter renewed its power supply agreement for five years.In a statement on Thursday, AboitizPower said Therma Luzon will supply about
VAT expert calls for reform of “Britain’s most contentious tax” on 50th anniversary
<?xml encoding="utf-8" ??>As VAT reaches a historic milestone of 50 years in UK law, the head of VAT at an organisation supporting more than 4,500 businesses in the East Midlands is calling for drastic reform of Britain’s most contentious tax. From
Business Champion Awards triumph for coach Polston
<?xml encoding="utf-8" ??>One of the UK’s leading business strategists and performance coaches, Will Polston, has been named as the Business Enabler of the year at the annual Business Champion Awards. The Essex-based Polston was among over 300 guests at the East
SMEs are at risk of losing a David and Goliath battle for talent
<?xml encoding="utf-8" ??>Small businesses are in a David and Goliath battle for talent. Research has found that almost half of SME workers are looking for a new role, compared with 39% of those at large businesses. Such a talent drain could