News: Dennis Uy unloads Conti’s and Wendy’s

Sunday, September 1, 2024

Dennis Uy unloads Conti’s and Wendy’s

September 2, 2024

ECONOMY

PH loan growth revved up in July, fastest in nearly 2 years

Bank lending grew at its fastest pace in almost two years in July, thanks to improvement in business appetite for loans that offset a slower expansion in consumer credit, the Bangko Sentral ng Pilipinas (BSP) reported. BSP data showed outstanding loans of big banks, excluding their lending to each other, went up by 10.4 percent year-on-year to P12.14 trillion in July.

By Ian Nicolas P. Cigaral

PROFIT PUSH

Master this skill, master your business: The No. 1 key to success

Around the world, skills such as innovation, strategy and leadership often take center stage at the moment. While they are key, one skill remains and will always remain the true cornerstone of lasting personal, professional and corporate success. This skill transcends industries, markets and organizational structures, yet it's frequently misunderstood, underestimated or even ignored.

By Tom Oliver

ENERGY

Biz leaders seek urgent review of PH energy plan

A council composed of business leaders and experts from the country's top companies has urged the Marcos administration to review the Philippine Energy Plan to slash power costs.Members of the Private Sector Advisory Council (PSAC) made this call during a meeting with President Marcos late last week.

By Lisbet K. Esmael

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BIZ BUZZ

Dennis Uy unloads Conti's and Wendy's PH

This multibillion-peso food retailing business bundle has been on the block for at least two years. Finally, de-leveraging businessman Dennis Uy (of Davao) has struck a deal to sell Conti's Bakeshop & Restaurant and Wendy's Philippines—and the buyer is not your usual suspect.

By Doris Dumlao-Abadilla

INQUIRER PLUS-EXCLUSIVE

China manufacturing contracts for fourth straight month

BEIJING — Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover. China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption.

By AFP

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