Economic managers are targeting 6-7% GDP growth this year, slower than the 7.6% GDP expansion in 2022. — PHILIPPINE STAR/WALTER BOLLOZOS THE PHILIPPINES’ outstanding debt as a share of the gross domestic product (GDP) will remain high in the medium term,

MANILA Electric Co. (Meralco) reported a 10.2% increase in consolidated core net income to P27.11 billion in 2022 from P24.61 billion a year earlier as strong energy sales exceeded pre-pandemic levels. “Record high in revenues and billed volume as well,” Meralco

PHILEX Mining Corp. saw its attributable net income drop by 26.9% in 2022 to P1.8 billion from P2.43 billion a year earlier as revenues declined while cost and expenses increased. In a disclosure on Monday, the listed gold and copper producer

AREIT, Inc. posted a 55% growth in net income to P3.4 billion in 2022 as stable operations brought higher revenues for the Ayala-led real estate investment trust (REIT), it said in a disclosure to the stock market on Monday. The company

1 of 8 A CRIME drama from Brillante Mendoza and a musical using the songs of Rey Valera are among the eight entries in the inaugural summer edition of the Metro Manila Film Festival (MMFF) in April. Originally meant to start three years

SINGAPORE-based Digital Edge Holdings Pte. Ltd. and the Philippines’ Threadborne Group are looking to build a bigger data center locally after they tied up to open a 10-megawatt data center in Laguna. The two companies’ first project, NARRA1, is under a

JENNY SLATE, Tallie Medel, Jamie Lee Curtis, James Hong and Michelle Yeoh accept the Outstanding Performance by a Cast in a Motion Picture award for Everything Everywhere All at Once during the 29th Screen Actors Guild Awards at the Fairmont