April 22, 2024
PHL vehicle sales growth slows in March
Vehicles are stuck in traffic along Roxas Boulevard in Manila. — Photo by Edd Gumban, The Philippine Star By Justine Irish D. Tabile, Reporter PHILIPPINE AUTOMOTIVE sales rose by 1.6% to 37,474 units in March, the slowest in over two years amid elevated interest rates, an industry report showed. A joint report by the Chamber […]
April 22, 2024
PEZA approves P15-B investments in April
THE PHILIPPINE Economic Zone Authority (PEZA) approved 23 projects worth P15 billion, mostly in manufacturing, at its board meeting last week, its top official said. Of the 23 projects, eight were in manufacturing while six were in information technology and business process management (IT-BPM). The board also greenlit six economic zone (ecozone) development projects, two […]
April 22, 2024
Inflation uptick unlikely in April, says NEDA official
A rice field is seen in Bustos, Bulacan in this file photo. — Photo by KJ ROSALES, The Philippine Star HEADLINE INFLATION is unlikely to accelerate in April amid the harvest season, although risks from the El Niño dry spell remain, a National Economic and Development Authority (NEDA) official said on Monday. “We’re hoping that […]
April 22, 2024
Philippines’ January external debt service more than doubles
THE PHILIPPINES’ external debt payments more than doubled in January as principal payments surged, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s external debt service burden soared by 110% to $1.729 billion from $823 million a year ago. The debt service burden refers to the amount […]
April 22, 2024
Aboitiz InfraCapital budgets P26B for projects this year
ABOITIZ InfraCapital, Inc. announced on Monday that it is setting aside P26 billion for its capital expenditure (capex) budget this year to fund the company’s economic estate development and other expansion projects. These funds will be used for the company’s economic estate development and other expansion projects, said Jose Emmanuel U. Hilado, chief financial officer […]
April 22, 2024
PSE eyeing to finish PDS takeover this year
THE Philippine Stock Exchange (PSE) said it is hoping to finalize the planned takeover of the Philippine Dealing System Holdings Corp. (PDS) within the year. “I hope it could be closed by this year. This is not complicated. We will only talk to a few shareholders,” PSE President and Chief Executive Officer Ramon S. Monzon […]
April 22, 2024
Gov’t fully awards T-bills at slightly higher rates
BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at higher rates due to inflationary pressures from elevated global oil prices recently and a weaker peso. The Bureau of the Treasury (BTr) raised P15 billion as planned from the T-bills it offered on Monday as total […]
April 22, 2024
1970s Korean crime drama gets prequel
IN THE 1950s, repeatedly defying the military government of South Korea would be enough to get one branded as a rebel. Detective Park Yeonghan (played by Lee Jehoon) does this, and he is punished by being assigned to the thankless task of removing homeless people off the streets of Seoul. However, this fate is short-lived […]
April 22, 2024
DragonFi Securities unveils new mobile investing app
DOUBLEDRAGON Corp.’s (DD) stock brokerage arm DragonFi Securities, Inc. introduced its new mobile investing application DragonFi 2.0 on Monday. The app allows users to manage a diverse investment portfolio ranging from Philippine stocks to global funds under a single platform, the brokerage said in an e-mailed statement. The mobile app also lets users connect with […]
April 22, 2024
PSE approves UnionBank’s P10-B stock rights offering
BW FILE PHOTO THE PHILIPPINE Stock Exchange (PSE) has approved Union Bank of the Philippines, Inc.’s (UnionBank) P10-billion stock rights offer (SRO), the lender said on Monday. The PSE issued a notice of approval for the SRO on April 17, UnionBank said in a stock exchange disclosure on Monday. The bank will list up to […]
April 22, 2024
Aslef Announces Rolling 24-Hour Train Strikes in Early May Across Multiple Operators
<?xml encoding=”utf-8″ ?????????> Train services across Great Britain are set to face significant disruptions in early May as the Aslef union announces a fresh series of rolling 24-hour strikes targeting multiple national rail operators. Scheduled from May 7th to May 9th, the strikes will impact all operators contracted to the Department for Transport (DfT), affecting […]
April 22, 2024
TikTok Vows Legal Battle Against US Ban or Forced Sale Amid Legislative Push
<?xml encoding=”utf-8″ ?????????> TikTok has vowed to challenge any ban or forced sale of its US operations in court following the passage of legislation by the House of Representatives targeting the viral video platform. The bill, part of a broader foreign aid package for Ukraine, Israel, and Taiwan, passed in the House with a vote […]
