Louella Desiderio

Quezon City

Business Reporter at The Philippine Star

Business Reporter, Philippine Star

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Articles

Isuzu tops Philippines truck market in 4 months

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — Isuzu Philippines Corp. maintained its position as the leading truck brand in the country as it captured over 40 percent of the market in the first four months of the year. In a statement yesterday, IPC said it secured a 43 percent truck market share from January to April, having sold 1,592 truck units, based on the joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association Inc.
Government tightens lid on Agricultural smuggling

1 week ago | philstar.com | Louella Desiderio

Rules of engagement OK’dMANILA, Philippines — The government, through the Anti-Agricultural Economic Sabotage (AAES) Council, is ramping up its campaign against major smugglers as it adopted enforcement rules to protect farmers, fisherfolk and consumers.
BCDA reopens bidding for P2.5 billion New Clark ICT

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) is seeking bids anew for the P2.5 billion commercialization of the passive information and communications technology (ICT) infrastructure in New Clark City in Tarlac.
Trip.com bullish on growth in Philippines bookings

1 week ago | philstar.com | Louella Desiderio

SHANGHAI – Travel service provider Trip.com expects bookings from the Philippines to continue to post growth this year amid increasing demand. Ru Yi, assistant vice president for International markets for Asia-Pacific at Trip.com Group, said in an interview on the sidelines of the Envision 2025 Global Conference that bookings made from the Philippines through the platform are expected to continue to grow this year amid rising demand for travel.
BCDA, Ayala Land ink 25-year deal for John Hay Technohub

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) and property giant Ayala Land Inc. (ALI) have signed a 25-year agreement for the lease of the John Hay Technohub at Camp John Hay in Baguio City. In a statement yesterday, the BCDA said the Ayala Technohub would continue to serve its current purpose of hosting business process outsourcing (BPO) operations and retail establishments under the terms of agreement.
South Korea firms, BCDA team up for infrastructure, smart city development

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — Two South Korean companies have expressed interest to partner with the Bases Conversion and Development Authority (BCDA) for infrastructure and smart city development projects in New Clark City in Tarlac and Poro Point in La Union. In a statement yesterday, the state-run firm said BCDA president and CEO Joshua Bingcang and officer-in-charge senior vice president Mark Torres met with engineering and consulting firm Moon Engineering Co. Ltd.
BCDA remits record-high dividends to state coffers

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) remitted record-high dividends worth over P2 billion to the state’s coffers this year to support initiatives that will drive economic growth. In a statement, the BCDA said it remitted P2.04 billion to the national government this year, 30.7 percent higher than the previous year’s P1.56 billion.
World Bank OKs new country partnership framework for Philippines

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — The World Bank will focus its support for the Philippines on basic services such as health and education, and on boosting the country’s resilience under the newly approved Country Partnership Framework (CPF) for the next six years. In a statement, the multilateral lender said the World Bank Group’s executive directors have endorsed the CPF for the Philippines for 2026 to 2031.
Korean fast food chain Lotteria eyes Philippines launch

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — South Korean fast food chain Lotteria is looking to enter the Philippines, according to the Department of Trade and Industry (DTI). In a statement, the DTI said Trade Secretary Cristina Roque met with Lotte GRS and other South Korean conglomerates on May 16, in Seoul, with the discussions covering the firms’ planned investments and expansion into the Philippine market, particularly in the areas of food service, franchising and retail.
‘Investments, innovation key to achieving growth’ potential’

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — The Philippines will need to make more investments, encourage innovation and upgrade infrastructure to improve productivity and achieve its growth potential, according to the Department of Economy, Planning and Development (DEPDev).