PETROENERGY Resources Corp. registered a first-quarter net income attributable to the parent firm of P172.61 million, 2.5% lower than the P176.96 million posted a year ago, the Yuchengco-led energy company said on Wednesday. In a stock exchange disclosure, the company reported a 10.2% increase in

YUM Brands, Inc.’s Taco Bell Corp. on Tuesday asked the US Trademark Office to cancel two smaller rivals’ “Taco Tuesday” trademarks in what the largest Mexican fast-food chain in the US called a bid to “liberate the phrase for restaurants nationwide.”Taco Bell’s petitions said the

BW FILE PHOTOYIELDS on the central bank’s term deposits ended mixed on Wednesday ahead of the Monetary Board’s policy meeting.The term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) fetched bids amounting to P240.063 billion on Wednesday, above the P230 billion on the

DMCI HOLDINGS, Inc. sees muted growth for its businesses this year due to economic constraints and after it reported record profits the previous year, its top official said during the company’s annual shareholder’s meeting on Wednesday.“Our company’s growth in 2023 will likely be muted, but

PHOTO BY MIKE GONZALEZTHE SUPREME COURT (SC) has set aside a 2005 trial court order that sought to seize an escrow fund of shuttered Traders Royal Bank in connection to damages due to unpaid tax liabilities of local broadcasting firms.Traders Royal Bank entered into a

GMA Network, Inc. is set to expand its regional footprint with a new station in Palawan this year after opening one in Ilocos Norte two months ago, its top official said.“In 2023, GMA Regional TV launched GMA Ilocos Norte and is now working on GMA

REUTERSLAGOS — A Nigerian chef has spent 100 hours preparing meals non-stop, aiming to set a Guinness World Record for the longest ever cooking session by an individual.Hilda Bassey, a chef in the mega city of Lagos, has captivated the country with her marathon cooking,

REUTERSCANNES — Johnny Depp seemed back in full celebrity mode on Tuesday, signing autographs and taking pictures with fans before the premiere of the Cannes Film Festival’s opening film Jeanne du Barry, which marks the actor’s first major role since his high-profile defamation trial.Fans in

SARA KURFESS-UNSPLASHTHE mobile app business suffers when connectivity is poor as it turns users off from spending more time in apps, global consumer analyst Opensignal said.“When there’s poor connectivity, users spend less time in apps as they become dissatisfied with the experience and are less

Vivant Corp. to hold annual stockholders’ meeting virtually on June 15 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand