Philippine bond bourse says trades hit record $162 billion
VOLUME TRADED in the secondary market for peso bonds issued by Philippine entities reached a record of more than $160 billion this year, according...
Lockdown drives surge in new online businesses
THE Trade department is seeing a surge in new business names being registered by online retailers as the lockdown forced many companies to shift to e-commerce.
Maharlika fund allowed to invest in JVs, infrastructure projects
THE MAHARLIKA Investment Corp. (MIC), which will manage the country’s first sovereign wealth fund, can invest in joint ventures (JVs), infrastructure projects, and sustainable...
Flood control scam derails S&P credit rating upgrade for Philippines
THE FINANCE CHIEF on Tuesday said the multibillion-peso flood control scandal prevented the Philippines from getting a credit rating upgrade from S&P Global Ratings.
Hanjin liabilities now pegged at $1.71B
CLAIMS against Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) now total about $1.71 billion, according to a recent interview with the firm’s rehabilitation receiver who cited latest assessments and said she has yet to receive a “firm” business proposal.
Political dynasties dominate 2022 PHL elections
ELBERT JOHN HONORICA, 25, says he knows better than to vote for a presidential candidate who comes from a political dynasty, a main feature of Philippine politics.
Below-target growth to support further rate cuts
EXPECTATIONS of below-target growth and manageable inflation should support further rate cuts by the Bangko Sentral ng Pilipinas (BSP) this year, DBS Bank said...
Business interest still ‘high’ but reality bites
By Melissa Luz T. Lopez
Senior Reporter
AN INITIAL SURGE of investor confidence in the current administration has started to ease more than a year after...
Malaysia debt watcher raises Philippine rating further into investment grade
THE PHILIPPINES bagged a credit rating upgrade from a Malaysian debt watcher, which cited progress on the infrastructure front and reforms which are expected to help sustain economic growth.
China slump turns Oct. into worst month for Asia IPOs since 2019
INITIAL PUBLIC OFFERING (IPO) proceeds in Asia-Pacific slumped to the lowest in at least four years in October, hit mainly by slower capital-raising in...
Worst is over for economy, says Diokno
BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno on Wednesday said the “worst is over” for the economy after it already hit the lowest point of the crisis.
Trade deficit widens in December
Trade deficit continued to widen in December, bringing the gap to another record high as exports contract for the first time in more than...