THE GOVERNMENT has raised $2.5 billion from its sale of triple-tranche US dollar-denominated global bonds, its second foray into the international debt market this year. “We are very pleased to see the overwhelming investor interest in our new $2.5-billion triple-tranche global bonds,” Finance Secretary Ralph G. Recto said in a statement. “In fact, compared with […]
The House of Representatives — PHILIPPINE STAR/WALTER BOLLOZOS By Justine Irish D. Tabile, Reporter THE HOUSE of Representatives would not adopt the Senate’s version of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill because it is “too flawed,” Ways and Means Committee Chairman and Albay […]
By Luisa Maria Jacinta C. Jocson, Reporter NEW DIGITAL BANKS applying for a license must adhere to tighter standards on financial inclusion, a Bangko Sentral ng Pilipinas (BSP) official said, adding that there is a possibility that not all four new licenses would be granted immediately. “Since digital bank applicants will be assessed against stricter […]
A worker unloads a sack of rice from a truck in Manila, May 30, 2024. — PHILIPPINE STAR/RYAN BALDEMOR By Adrian H. Halili, Reporter THE DEPARTMENT of Agriculture said that it would not yet recommend raising tariffs on imported rice since retail prices have not gone down. “Before 400,000 metric tons (MT) were shipped per […]
BW FILE PHOTO THE SUBSIDIARIES of First Gen Corp., San Miguel Global Power Holdings Corp. (SMGP), Aboitiz Power Corp. (AboitizPower), and Filinvest Development Corp. have expressed interest in competing for Manila Electric Co.’s (Meralco) 400-megawatt (MW) power supply contract, the power distributor said on Thursday. “Following the success of our recent CSP (competitive selection process) […]
Movie Review Phantosmia Directed by Lav Diaz LAV DIAZ’S Phantosmia — which will premiere at the 2024 Venice Film Festival — turns on the simple conceit that a man who has experienced trauma will carry a trace of that trauma for the rest of his life, sometimes in the form of a smell. Doesn’t have […]
FREEPIK THE INTEGRATION of renewable energy plants with energy storage systems under the green energy auction (GEA) could increase price offers by P5 to P6 per kilowatt-hour (kWh), according to an Energy department official. “We know that adding the energy storage system is going to increase the price; it can go for as high as […]
1 of 7 PAMANA exhibit moves to Alliance Francaise THE exhibit PAMANA: Trajectories & Movements of Filipino People will be opening its second run on Aug. 31, 4:30 p.m. From Fort Santiago, Intramuros where it was on view for three months, it now moves to the Alliance Francaise de Manille Gallery in Makati City. The […]
Hyundai Motor Philippines, Inc. (HMPH) continues to celebrate the 75th anniversary of ties between the Philippines and South Korea with a special promo for the Hyundai Stargazer. The brand has previously commemorated this milestone through showcases of Korean-Filipino fusions of food, fashion, and music. Starting with a fashion showcase of works by Leeroy New and […]
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits were mixed on Thursday after the Bureau of the Treasury launched its second dollar bond offer for this year. The central bank’s term deposit facility (TDF) attracted bids amounting to P231.77 billion on Thursday, above the P200 billion on the auction block and the P164.441 […]