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DALLAS — Anthony Davis has been ruled out of what would have been his second game with the Mavericks amid reports that a groin injury sustained in his Dallas debut could sideline him for multiple weeks. Davis won’t play against Sacramento on Monday night after getting injured two days earlier in a 116-105 win over Houston, his first game since the seismic trade that sent fellow superstar Luka Doncic to the Los Angeles Lakers. READ: NBA: Giannis Antetokounmpo injured, out of All-Star Game – Bucks NBA: Cavs add Hunter, Nurkic to Hornets at trade deadline NBA: Pistons start fast, hang […]…

Keep on reading: NBA: Anthony Davis out with groin strain for second game with Mavs

MANILA, Philippines — Maharlika Investment Corp. (MIC) is set to make its next major business move with an upcoming $100-million (P5.8 billion) investment in a billion-dollar private equity fund that it will create with Thai conglomerate Charoen Pokphand Group Co., Ltd (CP Group). In a statement, the MIC, the state-owned startup managing the country’s sovereign […]…

Keep on reading: MIC, Thai group to form $1-B investment fund

MANILA, Philippines — The flow of job-generating foreign investments in the Philippines posted a double-digit slump in November 2024 amid risk aversion triggered by the election victory of US President Donald Trump. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that there were $901 million more foreign direct investments (FDIs) that entered the […]…

Keep on reading: Trump 2.0 sank FDIs in Nov

The Yanson family feud over the ownership of one of Southeast Asia’s largest bus companies concluded with the matriarch, Olivia, and two out of six children—Ginnette and Leo Rey—having majority control. In a decision issued by the Regional Trial Court of Bacolod City Branch 45 last month, the court declared the extrajudicial settlement (EJS) of […]…

Keep on reading: BIZ BUZZ: Yanson family feud: Mom is majority owner

MANILA, Philippines — The country’s rice stockpile increased by 6.4 percent as of Jan. 1 from the past year due to the more aggressive buying policy of the government, while corn inventory declined by 45 percent as farmers shifted to tobacco planting. According to the Philippine Statistics Authority (PSA), the country’s overall rice inventory totaled […]…

Keep on reading: Rice stocks up, but corn cache down

MANILA, Philippines — The Sugar Regulatory Administration (SRA) is finalizing the rules for importing sugar alternatives after reaching an agreement with industry groups to streamline the sourcing process and ensure smooth trade flow. According to an industry source, some of the points tackled during the meeting between the SRA and industry players include allowing advanced […]…

Keep on reading: Sugar substitute importation rules coming soon

MANILA, Philippines — The government is accelerating the regulatory processing of more than 100 projects with cumulative investments pegged at about P2.4 trillion, as it hopes to unlock 19 gigawatts (GW) of additional power capacity. The Department of Energy said 149 power generation and transmission projects had received certificates of energy projects of national significance […]…

Keep on reading: 149 power projects tagged as priority projects

MANILA, Philippines — Real estate giant SM Prime Holdings Inc. is all set to return to the debt market this month after pricing its P25-billion bond offer meant to bankroll a massive expansion plan across its business segments. In a stock exchange filing on Monday, the Sy family-led developer said the Series Y bonds due […]…

Keep on reading: SM Prime returns to bond market with P25-B fresh offer