DoubleDragon subsidiary Hotel101 Global set to list on the Nasdaq
SINGAPORE/MANILA — Philippine real estate firm DoubleDragon on Monday said subsidiary Hotel101 Global will list on the Nasdaq in the United States via a...
BSP to extend rate pause — poll
THE Bangko Sentral ng Pilipinas (BSP) is widely expected to keep its policy rate steady for a fourth straight meeting as inflation may accelerate in the coming months.
March dollar reserves highest in nearly 2 years
THE PHILIPPINES’ gross international reserves (GIR) jumped to a near two-year high of $104.03 billion at the end of March, the Bangko Sentral ng...
RLC’s real estate investment trust seen to have room to expand its portfolio
THE REAL ESTATE investment trust (REIT) of Gokongwei-led property developer Robinsons Land Corp. (RLC) is now in a better position to absorb assets from the latter and expand its portfolio, according to analysts.
Pursue progressive tax reforms, gov’t urged
THE MARCOS administration should find new sources of revenue and reconsider the bill that seeks to further lower taxes imposed on domestic and foreign...
Inflation accelerates for a second month in a row in March
By Luisa Maria Jacinta C. Jocson, Reporter
Headline inflation quickened for a second straight month in March as prices of rice continued to surge, the...
Philippines tempers GDP targets
THE GOVERNMENT of President Ferdinand R. Marcos, Jr. cut economic growth targets this year and in 2025 as elevated prices and high interest rates...
Bad loan ratio steady in Feb.
THE PHILIPPINE banking industry’s nonperforming loan (NPL) ratio remained steady in February, data from the Bangko Sentral ng Pilipinas (BSP) showed.
PSA lowers economy’s growth to 5.5% in 2023
THE PHILIPPINE ECONOMY expanded by 5.5% in 2023, a tad slower than initially reported, the Philippine Statistics Authority (PSA) said on Thursday.
Philippines lowers growth target for 2024, raises deficit ceilings
MANILA - The Philippines has lowered its target growth range for this year and also turned slightly less optimistic about next year's outlook due...
NG debt hits record P15.18 trillion
THE National Government’s (NG) outstanding debt hit a fresh high of P15.18 trillion as of end-February, the Bureau of the Treasury (BTr) reported.
Rice prices to remain high until midyear — DA
THE DEPARTMENT of Agriculture (DA) said on Wednesday that rice prices are expected to remain high until midyear, as the agriculture sector reels from the impact of the El Niño weather event.