NEDA sees faster growth in 2nd half
PHILIPPINE gross domestic product (GDP) growth in the second semester could be faster than the 6% average in the first half amid easing inflation and lower policy rates, the National Economic and Development Authority (NEDA) said.
Meralco rates climb in Sept.
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month due to the increase in transmission charges.
In...
Nearly 27,000 to be affected by POGO ban, says DoLE
THE Department of Labor and Employment (DoLE) said on Wednesday it is preparing to help around 27,000 workers bound to lose their jobs once the total ban on Philippine Offshore Gaming Operators (POGOs) takes effect by end-December.
Possible Tampakan stake strategic for DMCI — analysts
THE CONSUNJI family’s plan to inject its 10% stake in the Tampakan copper and gold project into DMCI Holdings, Inc.’s portfolio is seen as a strategic move to diversify the listed firm’s mining assets and reduce reliance on nickel, with the potential to enhance financial stability and asset value once the project becomes operational, according to analysts.
AGI eyes higher hotel goals on tourism optimism
ALLIANCE Global Group, Inc. (AGI) is eyeing to increase its hotel room expansion goals, driven by the anticipated growth in Philippine tourism and the...
Del Monte Pacific widens net loss on ‘unfavorable results’ from US business
LISTED Del Monte Pacific Ltd. (DMPL) widened its attributable net loss to $34.17 million for the first quarter (May-July) of its fiscal year 2025,...
Taiwanese pork finds BGC audience
WHILE Love Taiwan: Taiwanese Pork Festival 2024 ended its run at the BGC Amphitheater in Taguig on Sept. 9, the pork merchants who were present there may be found in Manila stores by the end of this year.
No need to reduce thrift banks’ MLR, BSP says
THE BANGKO SENTRAL ng Pilipinas (BSP) will not cut the minimum liquidity ratio (MLR) of thrift banks despite calls for its reduction from the...
More urgent than ever
By Wilfredo G. Reyes
Export diversification has long been a strategy pushed to maximize space for our goods and services to grow, thus, in part generating more business...
Newport hosts a Bavarian-style feast
THANKS to the marriage of Bavaria’s King Ludwig I to Princess Therese of Saxe-Hildburghausen in 1810, Oktoberfest is now celebrated around the world. In...
What it’s like dining at a restaurant popular with HK tycoons
SHEUNG SHING CHIU CHOW SEAFOOD RESTAURANT, with its spartan interior and deafening ambience, may look better placed in an old neighborhood in Kowloon than in the middle of Central’s skyscrapers and posh bars. But make no mistake, this is where Hong Kong’s rich and famous often come to eat.
Term deposit yields decline as inflation eases to 7-month low
YIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) declined on Wednesday following slower-than-expected headline inflation in August.
Demand for the central...