Hewlett Packard Enterprise announces a strategic workforce reduction of 2,500 jobs globally to streamline operations and address economic challenges, with anticipated annual savings of $350 million.
The latest report from the Philippine Statistics Authority reveals a significant rise in job creation for January 2025, with substantial gains in agriculture and trade sectors. House Speaker Martin Romualdez expresses optimism over these developments as the unemployment rate falls, emphasizing the importance of sustaining employment growth nationwide.
Tesla’s new battery factory in Brookshire, Texas, is set to transform the local economy by creating 1,500 jobs and expanding the company’s grid-scale energy storage capabilities through strategic partnerships and cutting-edge facilities.
Houston launches a massive expansion project for the George R. Brown Convention Center, enhancing the downtown area with new state-of-the-art facilities, a pedestrian plaza, and retail spaces, slated for completion in phases through 2038.
The U.S. General Services Administration initially listed three Houston office buildings for sale as part of a broader federal divestment strategy, but the list was removed unexpectedly, prompting questions about property management and taxpayer savings.
Texas advances plans for a state Bitcoin reserve, reflecting a broader movement towards cryptocurrency legitimacy amid mixed national sentiments.
Burlington expands its Houston presence by adding a new location at the Shops at Stone Park, continuing its strategic growth through acquiring former retail spaces.
Discover how the Chao family, founders of Westlake Corp., impacts Houston’s economy and community, blending business success with philanthropy.
ABS-CBN Corporation has agreed to sell nearly 70% of its Diliman, Quezon City property to Ayala Land Inc. for PHP 6.24 billion. This move aims to raise funds for debt settlement. The sale marks a significant change for the network’s broadcasting center. The deal reflects ABS-CBN’s strategy to strengthen its financial standing. Ayala Land Inc. will acquire a substantial portion of the property. The agreement underscores a reshaping of assets and partnerships in the media and real estate industries.
LyondellBasell plans to lay off 345 workers at its Houston refinery, a step in exiting the refining industry to focus on renewable energy, reshaping its business strategy.