BW FILE PHOTO TERM DEPOSIT yields inched lower on Thursday on expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP) following slower-than-expected Philippine gross domestic product (GDP) growth in 2024. The central bank’s term deposit facility (TDF) fetched bids amounting to P250.399 billion on Thursday, higher than the P240-billion offering but below […]
PHILIPPINE STAR/MICHAEL VARCAS By Kenneth Christiane L. Basilio, Reporter A HOUSE of Representatives committee may start discussing proposals seeking to provide media company ABS-CBN Corp. with a fresh 25-year franchise by next week, a congressman said on Thursday. Parañaque Rep. Gus S. Tambunting, who heads the House legislative franchises panel, said they will “scrutinize” the […]
By Brontë H. Lacsamana, Reporter Movie ReviewA Real PainDirected by Jesse Eisenberg AN UNDERRATED gem from the many great films 2024 had to offer is Jesse Eisenberg’s A Real Pain, a frenetic but sincere look at a mismatched friendship between cousins. It’s a film that questions our ability to measure something as universal yet subjective […]
BW FILE PHOTO SECURITY BANK Corp. expects its return on equity (RoE) to improve to around 10% this year, supported by continued revenue growth, reduced expenses, and lower credit costs. “We expect continued growth in terms of our revenues above our peer group. That’s one. Second, we are slowing down the growth in terms of […]
AYALA LAND AYALA LAND, Inc. (ALI) said it is opening new malls this year with about 78,000 square meters (sq.m.) of retail space as the property developer banks on surging foot traffic. “We’re opening new malls this year. We are opening about 78,000 sq.m. of retail space,” ALI Head of Leasing and Hospitality Mariana Zobel […]
PHILSTAR FILE PHOTO By Justine Irish D. Tabile, Reporter THE Philippine Economic Zone Authority (PEZA) said an economic zone (ecozone) it plans to establish at a penal colony in Palawan is expected to be operational by the time President Ferdinand R. Marcos, Jr. steps down in 2028. The so-called “mega ecozone” will be established after […]
NICKELASIA.COM By Adrian H. Halili, Reporter MINERS said the Environment department’s plan to streamline the mining permit process will require the National Government (NG) to work closely with local government units (LGUs) to avoid conflicting or redundant requirements. Philippine Nickel Industry Association President Dante R. Bravo called for a “harmonized position between the local and […]
BUHAWIND.COM.PH By Sheldeen Joy Talavera, Reporter GETTING production out of the first offshore wind farms by 2028 is considered “doable” with close coordination between regulators and project proponents, according to Danish technical consultancy firm K2 Management (K2M). “The 2028 completion of the first offshore wind sounds aggressive but it is also doable, but that does require all […]
PHILIPPINE STAR/MIGUEL DE GUZMAN THE Sugar Regulatory Administration (SRA) has deferred a new set of fees it had planned to collect starting this weekend for clearances to import a number of non-sugar sweeteners. Sugar Order (SO) No. 6 had originally been set to take effect on Feb. 1 but encountered resistance from food and beverage […]
A YOUNG woman makes inaul, the traditional Maguindanawan woven cloth, in this 2018 photo. — SARANGANI PROVINCIAL GOVERNMENT By Justine Irish D. Tabile, Reporter THE PHILIPPINES could revive its textile industry by establishing a niche in “tropical fabrics,” the Board of Investments (BoI) said. BoI Executive Director for Industry Development Services Ma. Corazon H. Dichosa […]