Editor’s Pick

Philippine office rentals likely to hit modest goal

OFFICE SPACE rented by companies is expected to exceed projections this year despite market volatility brought by a coronavirus pandemic, as demand from outsourcing companies continues to rise, according to Leechiu Property Consultants. Office rentals had reached 539,000 square meters (sq.m.) as of end-November, 38% higher than the 389,000 sq.m. …

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GDP to grow by 5.5% — GlobalSource

UNSPLASH By Luz Wendy T. Noble, Reporter THE PHILIPPINE ECONOMY will probably grow faster than expected this year, but elections next year and the growing inequality are risks to recovery, according to GlobalSource Partners, Inc. The research consultant expects economic output to expand by 5.5% this year and in 2022, …

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Nouri, Yulo share Junior Chess Championship lead

ONE of the dreams of FIDE Master Alekhine Nouri was to become a national juniors champion someday. He has moved four games closer from realizing it. Mr. Nouri, 15, downed Khent Darylle Delig to share the lead with Adrian Othniel Yulo with four points each after five rounds of the …

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Revived Toys ‘R’ Us returns to New Jersey at American Dream mall

TOYS “R” US, a resuscitated version of the mega-toy seller that went bankrupt and out of business, is returning to its New Jersey home turf with a store in the state’s newest megamall. The new owner of the brand plans to open a flagship location in mid-December at American Dream, …

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Bain, Baring vying for outsourcing firm VXI

BAIN CAPITAL and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group, Inc., according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early …

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New Cebu office tower attracts IT-BPM companies

LATITUDE Corporate Center boasts of sustainable features in line with the green building guidelines of Building for Ecologically Responsive Design Excellence. — COMPANY HANDOUT A NEWLY completed office building by Cebu Landmasters, Inc. (CLI) is attracting interest from expanding companies and information technology-business process management (IT-BPM) firms. Mikko Barranda, Leechiu …

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Worth the patience

1 of 3 Video Game ReviewThe Caligula Effect 2Nintendo Switch Grand Theft Auto: The Trilogy – The Definitive EditionPersonal Computer via Steam Mary Skelter FinaleNintendo Switch WHEN The Caligula Effect was released in 2016, it boasted of novel concepts, a not insignificant feat given the saturation in the industry. Centered …

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AC Energy signs P9-billion share purchase deal with Singapore firm

AC ENERGY and Infrastructure Corp. (ACEIC) has signed a P9.33-billion share purchase agreement with an affiliate of Singapore-based GIC Private Ltd. for a 17.5% stake in the former’s subsidiary AC Energy Corp. (ACEN). Ayala Corp. said ACEIC will sell 2,689,521,681 secondary ACEN shares to Arran Investment Pte. Ltd. for P3.4678 …

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