ICTSI By Justine Irish D. Tabile and Aubrey Rose A. Inosante, Reporters THE PHILIPPINES could be an alternative investment destination for export-oriented firms amid a trade war between the United States and China. The US on Tuesday began implementing an additional 10% tariff on goods from China, although US President Donald J. Trump postponed steep […]
Buildings are seen in the business district in Manila, Feb. 4, 2025. — PHILIPPINE STAR/RYAN BALDEMOR By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINE ECONOMY may face pressure amid President Donald J. Trump’s policies, which could impact the currency, inflation and remittances, Fitch Ratings said. “Shifting economic and foreign policies in the US pose […]
FRANCISCO B. REYES AIRPORT in Busuanga Island, Coron Municipality, Palawan. — EN.WIKIPEDIA.ORG THE TRANSPORTATION department is set to award the contract for the extension of the Busuanga Airport’s runway by the second quarter. The project, which is valued at P308.62 million, will extend and improve the existing runways of the Busuanga Airport, according to the […]
PHILIPPINE STAR/MIGUEL DE GUZMAN NEW COMPANY registrations reached 52,304 in 2024, a 6% increase from 49,506 in 2023, supported by digital platforms that streamlined applications, the Securities and Exchange Commission (SEC) said. Stock corporations accounted for 75% or 39,146 of newly registered companies, followed by non-stock corporations at 21% or 10,782, the SEC said in […]
PHILIPPINE STAR/MIGUEL DE GUZMAN NEW COMPANY registrations reached 52,304 in 2024, a 6% increase from 49,506 in 2023, supported by digital platforms that streamlined applications, the Securities and Exchange Commission (SEC) said. Stock corporations accounted for 75% or 39,146 of newly registered companies, followed by non-stock corporations at 21% or 10,782, the SEC said in […]
PHILSTAR FILE PHOTO By Beatriz Marie D. Cruz, Reporter OFFICE BUILDING developers may need to adjust rental rates or offer more favorable lease terms to attract tenants and stimulate demand in the current market, according to property services firm JLL Philippines. “[Developers need] to make sure it’s more attractive to tenants, so there might be […]
BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate as the offer was met with strong demand amid expectations of another cut from the Bangko Sentral ng Pilipinas (BSP) as early as next week. The Bureau of the Treasury (BTr) […]
ELECTRICITY PRICES at the Wholesale Electricity Spot Market (WESM) declined in January due to a higher average system margin, according to the Independent Electricity Market Operator of the Philippines (IEMOP). Preliminary data from IEMOP showed that the WESM price system-wide dropped by 14.3% to P2.96 per kilowatt-hour (kWh) in January, from P3.45 per kWh in […]
EIGHTY YEARS AGO in February, 100,000 people died as the city of Manila burned. For 30 days, the Philippine capital was caught up in a clash between the Japanese and American armed forces in a bloody, destructive battle at the tail end of World War II. It is an event that many of the nearly […]
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) is open to granting state-run Development Bank of the Philippines (DBP) further regulatory relief if they are able to “strongly” justify the need for it. “Of course, they have to justify. We need to see and assess, is it reasonable? So, the justification, we have to […]