The Asian Development Bank kept its growth forecast for Philippine domestic product at 6 percent this year and 6.2 percent next year amid a steady pace of recovery from the pandemic across the region. In its quarterly update of its Asian Development Outlook 2023 report, ADB said domestic demand and services activity are driving growth in the region.
Filipinos will be able to fly between Manila and San Francisco nonstop via United Airlines starting October 29 as the US carrier expands its Asia-Pacific network at a time of increasing demand for air travel. The airline, which also operates nonstop services from Philippines to Guam and Palau, is set to launch the San Francisco-Manila route.
"I founded a retail business outside Metro Manila, and I want to develop a sense of ownership in my people. When they make mistakes, I don't want them to hide them. I want them to improve."
It wasn't easy, but the long running dispute in one of the country's premier hospitals has finally been resolved. We're talking about The Medical City which will have a new majority owner in the form of international venture capital firm CVC Capital Partners which will take a 60 percent stake in the hospital's Philippine buisinesses.
Davao-based tycoon Dennis A. Uy's PH Resorts Group Holdings divulged plans to sell certain assets as it struggles to get its casino projects off the ground. PH Resorts said Wednesday it would seek shareholders' approval to allow the board to "determine the terms and conditions for the disposition of some assets by some of its subsidiaries."
By Miguel R. Camus
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