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MANILA, Philippines — Celebrity couple Luis Manzano and Jessy Mendiola marked their third anniversary since tying the knot by holding a church wedding at a resort in Coron, Palawan.
MANILA, Philippines — The Commission on Elections has changed its stance about holding a Charter change plebiscite during the midterm elections after President Marcos Jr. said he wants people to vote on amendments to the 1987 Constitution in 2025.
MANILA, Philippines — The House committee on labor and employment will start tomorrow deliberations on various bills proposing wage adjustments amid the high inflation rate in the country.
MANILA, Philippines — Creating more jobs is a better way to improve lives than the proposed P350 minimum wage increase by the House of Representatives, according to Go Negosyo founder and Private Sector Advisory Council (PSAC) Jobs Lead Joey Concepcion.
Senator Christopher "Bong" Go offered significant support to a medical and dental mission organized by Vice Governor Ed Denosta in Sibalom, Antique on Friday, February 23, as he sent his Malasakit Team to distribute additional aid to the beneficiaries.
AREIT [AREIT 35.10 unch] held an analyst briefing, and as these things usually go, the AREIT management team took questions from analysts at the end. Here are some of the interesting takeaways from the question period. (1) AREIT’s CEO Carol Mills said that the asset-for-share swap is “the most efficient mechanism” for portfolio growth, but that they would consider acquiring assets with debt “when interest rates are better.” (2) Ms. Mills said that in FY23, AREIT’s average cost of debt was just 3.14% (which she described as “low” due to the bonds that expired in December), but that its current cost of debt has risen to “about 5.8%” (which she referred to as the re-financed rate). (3) The asset mix of AREIT’s portfolio of assets will likely mimic that of its sponsor, Ayala Land [ALI 35.60, down 4.3%]. Ms. Mills said that AREIT is “dominant with offices” right now, but that they “project to have more malls, hotels, and possibly more industrial assets” in the next “two to three years.”
MANILA Electric Co. (Meralco) on Monday failed to secure bids for a 260-megawatt (MW) interim power supply agreement aimed at meeting an expected surge in demand during the summer.
Finance Secretary Ralph G. Recto began his series of worksite visits on official development assistance (ODA)-funded infrastructure projects to ensure their efficient implementation, starting with the Metro Manila Subway on February 26, 2024.