Vendors continue to sell goods despite flooding at the Libertad Public Market in Pasay City, July 24, 2024. — PHILIPPINE STAR/RYAN BALDEMOR By Luisa Maria Jacinta C. Jocson, Reporter HEADLINE INFLATION likely eased in August and returned to within the central bank’s 2-4% target band amid a drop in prices of rice and fuel, analysts […]
BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter BANK LENDING grew at its fastest pace in 19 months in July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Outstanding loans of universal and commercial banks rose by 10.4% year on year to P12.14 trillion in July from P11 trillion a year […]
Sheets five-dollar bills are seen through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. —REUTERS MORE FOREIGN PORTFOLIO investments entered the country than left in July, reflecting higher investments in government securities, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the […]
Peoples walk past automated teller machines in Makati City, June 23, 2016. — REUTERS By Karis Kasarinlan Paolo D. Mendoza, Researcher THE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth. The latest edition of BusinessWorld’s quarterly banking report showed that the collective assets of 43 out of […]
By Ashley Erika O. Jose, Reporter CONVERGE ICT Solutions, Inc. is considering expanding its partnership with Lopez-led Sky Cable Corp., but has no plans to acquire the company at this time, its chief operations officer (COO) said. “Probably not at this time, as the financials are quite challenging,” Converge COO Jesus C. Romero told reporters […]
OVIALAND.COM OVIALAND, Inc. plans to launch an initial public offering (IPO) at a higher valuation, potentially next year, depending on market conditions,” the real estate developer’s president said. “Definitely, (our IPO) will (have) a much higher valuation because the company has grown,” Ovialand President and Chief Executive Officer Pammy Olivares-Vital told reporters on the sidelines […]
AUTOMOTIVE brands Omoda and Jaecoo, both from China, are set to expand in the Philippines with the opening of a flagship branch in Alabang by the fourth quarter. In a statement released over the weekend, Omoda announced that its first car shipment to the Philippines will feature the Omoda 5 and Omoda E5 models. “The […]
THE BUREAU of Customs (BoC) at Port of Batangas (PoB) collected P18.7 billion in duties and taxes from Toyota Motor Philippines Corp. (TMP) in the first quarter, making TMP its largest revenue contributor, the car manufacturer said. “This substantial contribution underscores TMP’s significant role in the positive district collection performance as reported by the PoB,” […]
1 of 8 SMC ASIA CARS Distributors Corp. (SMCACDC) or BMW Philippines has already been known for being a company at the forefront of purveying battery electric vehicles (BEVs). This confidence has resulted in a slew of relevant releases over a relatively short span of time. Recently, the Munich-headquartered brand unveiled a “sports activity vehicle” […]
1 of 2 By Kap Maceda Aguila As Filipino gymnast Carlos “Caloy” Yulo made history at the recent Olympics in Paris, a windfall of benefits awaited him even before he got home. One of the companies generously giving the double-gold medalist much deserved incentives for his feat is Toyota Motor Philippines (TMP), which has committed […]