Construction of the Metro Manila Subway Project is ongoing along Mindanao Avenue, Quezon City, Jan. 12, 2025. — PHILIPPINE STAR /MIGUEL DE GUZMAN GOVERNMENT SPENDING is likely to slow in the first half of 2025 due to the election ban on public works and congressional insertions in the national budget, the Department of Budget and […]
A “Make America Great Again” hat is seen on display on the trading floor at The New York Stock Exchange. — REUTERS By Luisa Maria Jacinta C. Jocson and Aubrey Rose A. Inosante, Reporters THE SECOND TERM of US President-elect Donald J. Trump could add more uncertainty to the Philippine economy, which could possibly impact […]
PHILSTAR FILE PHOTO THE COUNTRY’S external debt service burden jumped by almost 20% as of end-October, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Debt servicing on external borrowings climbed by 19.8% to $14.475 billion in the January-October period from $12.078 billion in the same period in 2023. BSP data showed principal payments […]
FACEBOOK.COM/USEMBASSYPH/ By Kyle Aristophere T. Atienza, Reporter THE Philippines will remain a key partner of the United States under President-elect Donald J. Trump, who is likely to tap Indo-Pacific allies as Washington thwarts China’s challenge to its international standing, analysts said. Mr. Trump returns to the White House on Monday against the backdrop of increasing […]
MAYNILADWATER.COM WEST ZONE water concessionaire Maynilad Water Services, Inc. said its capital expenditure (capex) budget for 2025 could be P30 billion or higher as the company sees a better financial year. “For this year, we’re looking at anywhere between P30 billion and above P30 billion (in capex),” Maynilad President and Chief Executive Officer Ramoncito S. […]
BW FILE PHOTO RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may be mixed after the Bangko Sentral ng Pilipinas (BSP) chief said they have room to further ease their policy stance. The Bureau of the Treasury (BTr) will auction off P22 billion in T-bills on Monday, […]
PHOTO BY KAP MACEDA AGUILA SO HERE we are, midway through the decade of the 2020s. It started turbulently with a pandemic, recovered in 2022 and 2023, and is now back to business as usual. Almost, that is. Geo-political events like the Ukraine-Russia war, the conflict in Gaza, and the ouster of President Bashar al-Assad […]
SEMIRARAMINING.COM SEMIRARA Mining and Power Corp. (SMPC) expects its capital expenditure (capex) budget for this year to reach P6.9 billion, with a significant portion going to its coal business. Around P5.8 billion is allocated to the coal segment for “refleeting initiatives and additional acquisition of mining and support equipment,” the company said. SMPC’s subsidiary SEM-Calaca […]
THE BUREAU of the Treasury (BTr) is readying an issuance of offshore bonds but will wait for more favorable market conditions amid elevated US benchmark yields. National Treasurer Sharon P. Almanza told reporters last week that while an offshore issuance within the first half is “still a possibility,” the government is still deciding on the […]
PHOTO FROM VOLVO PHILIPPINES THE VOLVO EX30 battery electric vehicle scored a maximum five-star rating in the latest round of safety testing conducted by the European New Car Assessment Program (Euro NCAP), a leading independent car safety assessment program in Europe that helps customers make informed decisions about the safety performance of cars on the […]