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MANILA, Philippines — The government has lowered the tariff on imported rice from 35 percent to 15 percent until 2028, which President Marcos’ economic managers believe could bring down the price of the staple to P29 a kilo.
Vivant Corporation [VVT 11.28, down 29.5%; 0% avgVol] [link] published a press release to guide the market that it expects “another year of sustained growth” above the P2.3 billion in FY23 operating income that it generated. VVT said that its 43% increase in net income for FY23 was driven by its energy subsidiary, Vivant Energy Corporation (VEC), and that it has a long-term plan to invest up to P22 billion in equity investments over the next six years, with P15 billion of that reserved for “various renewable energy projects.” VVT is an energy and water treatment company owned by the Cebu-based Garcia-Escaño Family.
The Department of Agrarian Reform (DAR) recently turned over a utility vehicle to Silway 8 Diversified & Livelihood Association, Inc., a DAR-assisted agrarian reform beneficiary association (ARBO) from Silway 8, Polomolok, South Cotabato to help its members improve their livelihood activities.
BAGUIO CITY— Baguio City welcomed the conduct of the “Fiesta in America” happening from Aug. 17 to 18, 2024 at the American Dream Mall in New Jersey, USA.
HONG KONG, China — Asian markets were mixed Thursday as investors tried to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections.
Filinvest Development Corporation [FDC 5.40, down 1.6%; 0% avgVol] [link] said that its subsidiary, Filinvest Hospitality Corp. (FHC), topped-off its newest hotel in Camp John Hay called Grafik Hotel Collection Baguio. The 256-room project cost P2.7 billion to complete and will begin commercial operations in Q1/25. This hotel is the first under FHC’s Grafik brand and the seventh FHC’s overall hospitality portfolio. FHC has two other brands (Crimson and Quest) that each have three hotels.
HONG KONG, China — Equities rose across most of Asia on Wednesday following yet another record day in New York fueled by data that boosted US interest rate cut hopes, though expectations were tempered by cautious comments from Federal Reserve officials.
MANILA, Philippines — It is now an era where everything is changing and has changed. Most tellingly, audiences have evolved from mere communication consumers into strong creators and communicators in their own right. The old principles of marketing communications may still hold, but with a fresh emphasis on applying them in ways that are different and daring.