DOF.GOV.PH THE Department of Finance’s (DoF) Privatization and Management Office (PMO) will release next month new guidelines allowing for the submission of unsolicited bids for state assets. “We are looking to publish the privatization guidelines. It has been approved. Only the actual publication is left. Our publication in the Official Gazette has been moved by […]
Decorations for the Lunar New Year are seen at a mall in Quezon City. — PHILIPPINE STAR/NOEL B. PABALATE PHILIPPINE gross domestic product (GDP) growth may fall below the government’s target for this year and next, DBS Bank said, even as easing inflation and lower interest rates are expected to boost consumption. In its ASEAN-6 […]
FREEPIK THE VALUE of transactions done via InstaPay and PESONet jumped to P17.42 trillion in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed. Central bank data showed transactions coursed through the two automated clearing houses surged by 35.4% last year from P12.86 trillion recorded in 2023. The rise in transactions was also much […]
CEBULANDMASTERS.COM VISMIN property developer Cebu Landmasters, Inc. (CLI) is earmarking P12 billion for the initial phases of its two maiden projects in Luzon as the company expands its market presence nationwide. CLI Chairman and Chief Executive Officer Jose R. Soberano III said the company’s first two Luzon projects consist of a horizontal project and a […]
BW FILE PHOTO By Revin Mikhael D. Ochave, Reporter CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has lowered the size of its planned initial public offering (IPO) to around P900 million from the previous P3.16 billion after talks with potential institutional investors. Amid adjustments to the IPO, Topline is aiming to be listed […]
PRESENT DURING the ceremonial signing (L-R) were MPower Strategic Account Management Head Rolando Abrojena, Meralco First Vice-President and MPower Head Redel Domingo, SM Retail Executive Vice-President for Controllership and Financial Planning Jonathan Ng, and SM Retail Vice-President for Workplace and Administration Luis Lava, Jr. SM RETAIL, Inc. has tapped MPower, the local retail electricity supply […]
RIZAL COMMERCIAL Banking Corp. (RCBC) has raised $350 million from its offering of five-year sustainability bonds, marking its return to the dollar debt markets after a year. The five-year senior unsecured fixed-rate sustainability notes were priced at a coupon of 5.375% per annum, RCBC said in a disclosure to the stock exchange on Wednesday. They […]
STEELASIA MANUFACTURING CORP FACEBOOK STEELASIA Manufacturing Corp. said it has awarded the engineering, procurement, and construction management (EPCM) contract for its P30-billion plant in Candelaria, Quezon, which is expected to produce over one million tons of structural steel. SteelAsia awarded the contract to engineering company MCC Huatian Engineering & Technology Co. earlier this week, the […]
BW FILE PHOTO YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits went down on Wednesday amid easing inflation concerns following the implementation of government measures to tame rice prices. The BSP’s term deposit facility (TDF) attracted bids amounting to P276.657 billion on Wednesday, below the P280 billion on the auction block as well […]
JETTI.COM.PH INDEPENDENT OIL company Jetti Petroleum, Inc. expects to spend around P1.2 billion to establish 80 more stations to achieve its target of 300 stations by 2026, its president said. “We are embarking on completing or having available 300 stations and, initially, we’re targeting by early 2026; but, of course, we based this on our […]