Nedy Tantoco, luxury retail leader, 77
MANILA, Philippines — Zenaida R. Tantoco , a leader and visionary in the country’s high-end luxury retail industry, died last Thursday at age 77.
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Chua remains Gilas’ No. 1 cheerleader
MANILA, Philippines — San Miguel Corp. sports director and Barangay Ginebra PBA governor Alfrancis Chua said yesterday family commitments and a personal project for a new business will leave him little time to reprise his role as Gilas team manager but gave the assurance of remaining the national squad’s No. 1 cheerleader.
EASL to stage Final Four in Cebu
MANILA, Philippines – The Final Four tournament of the East Asia Super League (EASL) will be held in Cebu next month, the league announced Thursday.
Muhlach TV sitcom coming soon: Andres Muhlach officially joins showbiz
MANILA, Philippines — Fans of the Muhlach twins will finally see them in one show as Andres Muhlach has finally joined his twin sister Atasha and his parents, Charlene Gonzales and Aga Muhlach, in showbiz.
Maharlika ready to make first investment in 90-120 days
Maharlika Investment Fund (MIF) CEO, Rafael Consing [link], said that the MIF would likely make its first investment “in the next 90 to 120 days”. Mr. Consing said that the fund is looking to make “basic investments”, and that he’s “aiming” to start a discussion with National Grid Corp. of the Philippines [SGP 7.59, down 2.4%; 336% avgVol]. Mr. Consing said that NGCP has “gaps just in terms of what they’ve been able to achieve”, and that the MIF “can bridge that gap, both from a regulatory and from a capital perspective.” Mr. Consing also said that the MIF is looking to obtain funding from investors in the Middle East and Southeast Asia.
Entrepreneurs, business leaders mentor MSMEs
MANILA, Philippines — Some of the country’s top business executives and founders of successful businesses showed up to mentor MSMEs at Go Negosyo’s first salvo for 2024, the 3M on Wheels free entrepreneurship mentoring event at the TriNoma Mall in Quezon City last Jan 20.
Riot Games announces layoffs for 'more sustainable future'
MANILA Philippines – League of Legends and Valorant developer Riot Games announced an 11% (530- employee) global layoff across different tiles as it shifts focus to “high-impact projects”.
Ayala Group to 'put a little focus' on cold storage logistics
Ayala Corp [AC 691.00, up 2.4%; 195% avgVol] [link] confirmed a report that quoted AC Chairman Jaime Zobel as saying that AC “can make a difference” by building cold storage facilities and developing a network of “cold transport” and “cold chain improvement structures”. Mr. Zobel said that AC has “decided to put a little focus on the logistics side of the business”, and philSTAR reported that AyalaLand Logistics [ALLHC 1.76, up 1.1%; 38% avgVol] CEO Jose Rene Almendras said that ALLHC was “looking at putting up more cold storage facilities.” The comments come after Department of Agriculture Secretary Francisco Laurel revealed his desire for a massive spending framework for the country to improve its cold storage and warehouse capacity as part of a long-term plan to reduce production spoilage and dependence on imports.