US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter THE COUNTRY posted a balance of payments (BoP) deficit of $724 million in October as the government repaid external debt, the Bangko Sentral ng Pilipinas (BSP) said. This was a reversal […]
A store attendant checks the canned goods display inside a grocery in Quezon City, Oct. 19, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter INFLATIONARY PRESSURES could prompt the Philippine central bank to pause its easing cycle, but a slowdown in growth may leave room for another rate cut, its […]
THE PESO sank to an over two-year low on Wednesday amid escalation in the Russia-Ukraine war as well as further signals on US President-elect Donald J. Trump’s economic policies. The local unit closed at P58.91 per dollar on Wednesday, weakening by 10 centavos from its P58.81 finish on Tuesday, Bankers Association of the Philippines data […]
THE PHILIPPINE Economic Zone Authority (PEZA) has greenlit P186.098 billion in investment pledges as of Nov. 13, surpassing the total approvals in 2023. This was 32.1% higher than the P140.884 billion worth of investments it approved in the same period in 2023. In a board meeting on Nov. 13, the PEZA Board approved 24 new […]
(L-R) FINANCE UNDERSECRETARY and Chief Economist Domini S. Velasquez; Zafer Mustafaoglu, country director for the Philippines, Malaysia, and Brunei at the World Bank; Pavit Ramachandran, country director for the Philippines at the Asian Development Bank; and Tourism Secretary Ma. Esperanza Christina G. Frasco THE PHILIPPINES is still poised to become one of the fastest-growing economies […]
Jeremiah Cayondong, Jun Carlo Luchavez and Marlon Silang (2nd to 4th from left) are the first Filipino batch of the AboitizPower-JERA talent exchange program, receiving training and experience at Japan’s Hekinan Thermal Power Station. Strategic partners Aboitiz Power Corporation (AboitizPower) and Japan’s JERA Co., Inc. (JERA) are working to further the energy transition within their […]
“THE INTEGRITY of our distribution system is really, parang (kind of) in danger if our system is not really that storm-hardened” — Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho. — MERALCO’S FACEBOOK ACCOUNT POWER distributor Manila Electric Co. (Meralco) is setting aside P25 billion next year for the “storm-hardening” of its distribution […]
PHILSTAR FILE PHOTO THE Toll Regulatory Board (TRB) expects the implementation of at least three toll road projects proposed by San Miguel Corp. (SMC) next year, according to the regulator’s executive director. “By 2025, hopefully we can implement these three projects,” TRB Executive Director Alvin A. Carullo told reporters on the sidelines of a recent […]
FILINVEST.COM LISTED Filinvest REIT Corp. (FILRT) targets an expansion of the occupancy rate of its office portfolio to 95% by 2026 as the company looks to sustain growth, its president said. “FILRT aims to reach an occupancy of 95% before 2026 driven by tenant diversification. We are now focusing our efforts on signing up more […]
1 of 2 VENCHI, the Italian brand of chocolate and gelato that has been delighting customers since 1878, has arrived in the Philippines. It was founded by Silviano Venchi who spent all his savings to buy two bronze cauldrons to experiment with chocolate. His chocolates achieved such a level of fame that the company started […]