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MANILA, Philippines — Ikano Retail, franchisee of Swedish label Ikea in the Philippines, recently released an overview of its sustainability direction and a report card on its performance toward 2025 sustainability targets – ranging from sustainable product sales in their stores and gender balance in the workplaces to a full accounting of its carbon emissions.
MANILA, Philippines — Life is unpredictable. We can plan and dream for the future, but there’s no telling what will happen.
Boulevard Holdings [BHI 0.06, down 1.6%; 20% avgVol] [link] reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million. BHI’s management team blamed the losses on the continued closure of its main resort, Friday’s Boracay Beach, and on the lower earnings from its “intermittently operational” Friday’s Puerto Galera Beach Resort. Revenues across BHI’s three revenue silos were up: rooms (+77%), food and beverage (+113%), and other (+710%). These gains were eclipsed by massive increases in expenses for things like professional fees (+232%) and personnel/staffing costs (+92%) which caused its “General, administrative, and selling” expenses to increase 139% to P59 million.
SENATORS welcomed yesterday the three-month extension given by President Marcos Jr. for the franchise consolidation of public utility vehicles, saying it will give the government more time to review the program.
Secretary Ralph Recto has reportedly “ordered” the Bureau of Internal Revenue and the Bureau of Customs to work together in order to achieve the revenue collection target of P4 trillion-plus for 2024.
MANILA, Philippines — Imposing a suggested retail price (SRP) or price ceiling for rice is not an option for the Department of Agriculture (DA) amid reports that the retail cost of the staple has reached as high as P75 per kilo in the Bicol region.
Pulling the brakes on the PUV modernization program is a far reaching initiative when the welfare of our commuting public and the livelihood of thousands of drivers are at stake.
MANILA, Philippines – With a tough Barangay Ginebra squad making San Miguel import Bennie Boatwright look mortal, the Beermen had to find other sources of offensive firepower in Game 1 of their PBA Commissioner’s Cup semis series.