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Business World

NLEX, BPI sign P10-B term loan facility

The NLEX Corporation announced that it has signed a 10-year term loan facility agreement worth P10 billion with the Bank of the Philippine Islands (BPI) in order to finance its projects for its expressways. In a statement, NLEX Corp. stated that the P10 billion will be used to “partially fund …

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P81-B offshore wind project enters green lane

The Board of Investments’ (BOI) One-Stop Action Center for Strategic Investments (OSACSI) has approved a green lane processing for the P81.675 billion offshore wind power project of Ivisan Windkraft Corporation. Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo said the project was approved for green lane processing on Dec. …

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Montreal-based Pornhub owner reaches deal with U.S. prosecutors over ties to alleged sex trafficking

The company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed. Aylo knew proceeds from its websites stemmed from illegal activity, says U.S. Justice Department The Montreal-based …

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The pursuit of transformation and market dominance

On the 15th of December, HAIER Southeast Asia held the 2023 Dealer Conference in Bangkok, Thailand, inviting over 1000 dealers to gather under the banner of “Inspire the Future Dream”. HAIER Smart Home has upgraded its strategy in Southeast Asia, driving its strong growth for three consecutive years. Despite having …

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Metro Pacific subjects Axelum acquisition to profitability targets

Metro Pacific Investments Corporation (MPIC), through wholly-owned subsidiary Metro Pacific Agro Ventures Inc. (MPAV), has amended its agreement to acquire a strategic stake in coconut products producer Axelum Resources Corp. by subjecting the acquisition to profitability targets. While Axelum disclosed to the Philippine Stock Exchange (PSE) that it has sealed …

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