Inflation cools further in July to 0.9%
HEADLINE INFLATION sharply slowed to a near six-year low in July as utilities and food costs continued to ease, data from the Philippine Statistics Authority (PSA) showed.
Treasury raises P210B from retail bonds offered on e-wallet
THE PHILIPPINE GOVERNMENT on Tuesday raised P210 billion from its latest retail Treasury bond (RTB) sale — the third under the Marcos government and the first to accept subscription via an e-wallet.
Bank lending jumps to four-month high in June
BANK LENDING rose to a four-month high in June amid a jump in consumer loans, preliminary data from the Bangko Sentral ng Pilipinas (BSP)...
ICTSI Q2 profit rises 16% to $244.31M on volume, operational growth
RAZON-LED International Container Terminal Services, Inc. (ICTSI) saw its second-quarter (Q2) attributable net income rise by 15.97% to $244.31 million, driven by sustained earnings...
NGCP clears BuhaWind’s 2-GW wind project for grid link
BUHAWIND ENERGY Northern Luzon Corp. (BENLC) has secured approval from the National Grid Corp. of the Philippines (NGCP) for the integration of its 2,000-megawatt...
Megaworld Q2 profit up 35% on strong core segments
LISTED real estate developer Megaworld Corp. saw a 35% increase in its attributable net income for the second quarter (Q2) to P5.6 billion from...
Reframing fairytale twists and turns
THE FIRST production of Theatre Group Asia (TGA) is a local interpretation of a beloved Broadway musical, Into the Woods, boasting a star-studded cast of Filipino talent based here and abroad.
BPI looks to finalize blue bond framework within this quarter
BANK of the Philippine Islands (BPI) expects to finalize its framework for blue bonds within this quarter, but the timing of its first issuance...
Goldman Sachs pitches wealthy Asian heirs on leveraging family art
GOLDMAN Sachs Group, Inc. is building up its art advisory services in Asia, as wealthy families catch up with those in the US and...
MB-approved foreign borrowings jump by 25% in the second quarter
THE Monetary Board’s (MB) approved government foreign borrowings rose by 25.38% year on year in the second quarter, the Bangko Sentral ng Pilipinas (BSP)...
Solaire North’s giant glass tube installation earns Guinness World Record
THE END of July saw Solaire Resort North in Quezon City mount a formal ceremony naming The Mangrove — an artwork by American glass...
Following the footsteps of Vietnam
By Bernardo M. Villegas
Both the Philippines and Vietnam will become upper middle-income countries in the next two years. The $64 question is which of the two will fall into the so-called middle-income trap.