BSP to keep capital requirement for rural banks unchanged

THE BANGKO SENTRAL ng Pilipinas (BSP) will not raise the minimum capital requirements for rural banks in the next three to five years while the Rural Bank Strengthening Program (RBSP) is being implemented.

Wholesale prices rise 8.2% in September

WHOLESALE PRICES of general goods picked up in September, reflecting possible second-round effects from inflation, and the peso depreciation against the US dollar.

DMCI unit targets more subway contract packages

D.M. CONSUNJI, Inc. (DMCI) is planning to bid for three more sections of the country’s first subway project while waiting for the Department of Transportation’s (DoTr) call for bidders, its top official said.

SEC cancels Koen Solutions’ company registration 

THE Securities and Exchange Commission (SEC) has revoked the incorporation certificate of Koen Solutions OPC for violating Section 44 of the Revised Corporation Code of the Philippines (RCC).

SMC Global Power points to ERC for looming rate hike

THE decision of the Energy Regulatory Commission (ERC) to reject the temporary relief sought by SMC Global Power Holdings Corp. has exposed consumers to higher power rates, the company said on Monday.

Appetite for luxury condos returns

THE appetite for luxury condominiums in the Philippines rebounded strongly despite rising interest rates, according to Colliers.

Streaming TV shows are 21st century ‘cathedrals,’ screenwriting guru McKee says

TEL AVIV — The sun may be setting on Hollywood movies — and on his own storied career there — but scriptwriting guru Robert McKee is unfazed and even upbeat about the rise of alternative small-screen entertainment for television or smartphone.

AyalaLand Logistics launches ESG initiatives under ACT

AYALALAND Logistics Holdings Corp. (ALLHC) is addressing environmental, social, and governance (ESG) concerns for its stakeholders through the ALLHC Cares for Tomorrow (ACT) program.

Gov’t makes partial award of Treasury bills

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as yields sought by investors remained high ahead of the release of November inflation data.

Emerging-market bond laggard Asia is primed for rebound next year

EMERGING ASIAN bonds have trailed their developing-nation peers this year, but a turning point looks to be just around the corner.

Storytelling

A NEW creative media agency, Cadian Studios, aims to tell stories.

Reality ends some Qatari dreams of World Cup property rental bonanza

DOHA — Qatar has found itself with an unexpected glut of rooms in the World Cup’s busy group stage, with online portals showing rooms in at least 42 hotels and Airbnb offering hundreds of options over the weekend.
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