Fewer rate cuts are likely on the table for the Bangko Sentral ng Pilipinas (BSP) next year to give the country some protection from any unexpected flare-up in inflation amid persistent geopolitical tensions, analysts said. In a...
Ayala-led ACEN is no doubt leading the renewable energy (RE) game with the company winning recognition for its Ilocos Norte wind farm. Thanks to its massive investments in clean power, ACEN dominated the inaugural Department of Energy...
From my global experience as a “management guru” and “mentor of the giants,” as Bloomberg and Fortune have called me, I see again and again that most CEOs and owner-operators do not use the end of year in an efficient way. They do not...
Enhancing strategic public procurement has been one of the main initiatives of the Department of Budget and Management (DBM) in the Philippines. Following the enactment of Republic Act No. 12009, or New Government Procurement Act (NGPA),...
Despite the anticipated decline in output, the supply of milled rice in the Philippines is expected to rise during the July 2024 to June 2025 marketing year, thanks to lower import tariffs, according to estimates by American researchers....
The head of the country’s largest exporters group projected that merchandise and service exports earnings would reach only $110 billion this year, cutting expectations by a little over a fifth of the original estimate. Philippine...
ACEN Corp., the listed energy platform of the Ayala Group, is looking at spending at least P70 billion on its projects next year. The company said the investment may even go “above P80 billion depending on project timing and other...
The country’s food service sales are projected to grow by 12 percent in 2024 and subsequently surpass prepandemic levels next year on the back of store expansions and increasing customer queues at restaurants. “As more consumers dine...
Passenger volume going through local seaports is expected to surpass the prepandemic level by 2025 amid the momentum of sea travel demand and expansion of terminals, according to the Philippine Ports Authority (PPA). The ports regulator,...
Last Nov. 25, Warren Buffett announced that he would donate a substantial portion of the shares he owned in Berkshire Hathaway to his four family foundations. In his announcement, he included a letter which contained some important...
The Bangko Sentral ng Pilipinas (BSP) will initially circulate less than 100 million pieces of each denomination of the new polymer banknote series to help meet the currency demand of Filipinos during the holiday season. “Since this is...
The Philippine Economic Zone Authority (Peza) aims to establish more economic zones next year, with the investment promotion agency looking at new growth areas such as Central Luzon, Cebu and Mindanao. “Ideally, we are looking at 30...
The total external debt of the Philippines went up by 7.3 percent to $139.64 billion in the third quarter on the back of strong appetite for fresh borrowings from both the government and the private sector, the Bangko Sentral ng...
First Gen Corp. of the Lopez Group has bagged the deal to supply clean power to two campuses of Far Eastern University (FEU). In a statement over the weekend, First Gen said this fresh power deal with FEU would cover its campuses in...
The movement of the peso is seen to dictate investor sentiment at the local bourse this shortened week of stock trading amid the holidays. Philstocks Financial Inc. senior analyst Japhet Tantiangco said traders were on the lookout for...
Stellantis confirmed Saturday it was reversing a decision to lay off 1,100 workers at its Jeep plant in the U.S. state of Ohio, following the ouster of embattled…
U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised…
Over the last decade, Masato Shiota brought his papermaking business back from the brink, paying down debt and buying machinery to automate some production. But he struggles to…
After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.Foreign...
Readers respond to the recent announcement that the government won’t pay compensation to women affected by the rising pension age I’m furious at the government’s decision to ignore the advice of the ombudsman and refusal to compensate...
Hurricanes and an untreatable tree disease have left a once fruitful citrus industry with little to produce this year For decades it was the signature taste of Florida : orange juice from the state’s plentiful groves advertised to a...
The authorities said they were struggling to understand the motives behind ramming a car into a Christmas market in the eastern city of Magdeburg, which left a 9-year-old boy among the five dead.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call...
Cleanup continues in the Kerch Strait near Russian-occupied Crimea, a week after at least 3,700 tons of low-grade fuel oil spilled out of two storm-stricken Russian tankers
Trump also warns he would not let a ‘vital national asset’ for the US fall into the ‘wrong hands’ Donald Trump has demanded that the Panama Canal be given back to the US if Panama did not manage the waterway in a fashion that was...