The International Monetary Fund (IMF) said the government must quickly restore the capital of the two state-owned banks ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | | | BANKING
Restore Landbank, DBP capital, IMF urges government
The International Monetary Fund (IMF) said the government must quickly restore the capital of the two state-owned banks following their hefty contributions to the Maharlika Investment Corp. (MIC) in order to protect the resilience of the local financial system.
By Ian Nicolas P. Cigaral
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| | | | TECHNOLOGY
AI to fuel further data center growth in 2025
With companies now integrating artificial intelligence (AI) into their daily tasks, the country's data center industry may see significant growth next year, boosted by the technical expertise of its neighbors, according to Leechiu Property Consultants.
By Meg J. Adonis
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| | | | EVENTS
SMX readies expansion in Clark, Cebu City
Growing demand for convention centers in areas outside Metro Manila is pushing the SM Group to expand its facility in Pampanga in the next two to three years, with another set to rise in Cebu City.
By Meg J. Adonis
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| | | | | | | | BIZ BUZZ
Aurora expands
Aurora expands Aurora, the "spirited bistro" named the 2024 Best New Restaurant by Tatler Dining, is ready to expand its market with the opening in 2025 of new branches. Aurora is scheduled to open its new branch at upscale The Podium in Mandaluyong City.
By Tina Arceo-Dumlao
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| | | | INQUIRER PLUS-EXCLUSIVE
Ayala's energy platform seen finishing 2024 stronger
ACEN Corp., the Ayala Group's energy arm, is seen to end 2024 on a high note with more power plants activated, its top official said. At a recent chat with reporters, its president and CEO Eric Francia expressed confidence about the group posting "better" financial performance this year.
By Lisbet K. Esmael
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