January 22, 2025
Samsung to launch Galaxy S25 series phones in the Philippines on Feb. 14
THE LOGO of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. — REUTERS SAMSUNG Electronics Co. has unveiled its Galaxy S25 series smartphones, headlined by its flagship handset Galaxy S25 Ultra, which leverage artificial intelligence (AI) technologies for user personalization. Officially launched at Samsung’s Galaxy Unpacked event on […]
January 22, 2025
Incentives eyed for semiconductor firms
Latest data showed the Philippines’ semiconductor exports fell by an annual 33.1% to $1.91 billion in November, amid soft global demand. — REUTERS By Kyle Aristophere T. Atienza, Reporter PRESIDENT Ferdinand R. Marcos, Jr. is pushing for more incentives for the semiconductor industry, following a meeting with the Private Sector Advisory Council (PSAC) on Tuesday. […]
January 22, 2025
Gov’t set to allow unsolicited bids for state assets — DoF
DOF.GOV.PH THE Department of Finance’s (DoF) Privatization and Management Office (PMO) will release next month new guidelines allowing for the submission of unsolicited bids for state assets. “We are looking to publish the privatization guidelines. It has been approved. Only the actual publication is left. Our publication in the Official Gazette has been moved by […]
January 22, 2025
DBS sees below-target PHL growth until 2026
Decorations for the Lunar New Year are seen at a mall in Quezon City. — PHILIPPINE STAR/NOEL B. PABALATE PHILIPPINE gross domestic product (GDP) growth may fall below the government’s target for this year and next, DBS Bank said, even as easing inflation and lower interest rates are expected to boost consumption. In its ASEAN-6 […]
January 22, 2025
InstaPay, PESONet transactions surge in ’24
FREEPIK THE VALUE of transactions done via InstaPay and PESONet jumped to P17.42 trillion in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed. Central bank data showed transactions coursed through the two automated clearing houses surged by 35.4% last year from P12.86 trillion recorded in 2023. The rise in transactions was also much […]
January 22, 2025
Cebu Landmasters allots P12B for Luzon entry
CEBULANDMASTERS.COM VISMIN property developer Cebu Landmasters, Inc. (CLI) is earmarking P12 billion for the initial phases of its two maiden projects in Luzon as the company expands its market presence nationwide. CLI Chairman and Chief Executive Officer Jose R. Soberano III said the company’s first two Luzon projects consist of a horizontal project and a […]
January 22, 2025
Topline cuts IPO size to P900M, eyes Q2 listing
BW FILE PHOTO By Revin Mikhael D. Ochave, Reporter CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has lowered the size of its planned initial public offering (IPO) to around P900 million from the previous P3.16 billion after talks with potential institutional investors. Amid adjustments to the IPO, Topline is aiming to be listed […]
January 22, 2025
SM Retail taps Meralco’s MPower for RE supply
PRESENT DURING the ceremonial signing (L-R) were MPower Strategic Account Management Head Rolando Abrojena, Meralco First Vice-President and MPower Head Redel Domingo, SM Retail Executive Vice-President for Controllership and Financial Planning Jonathan Ng, and SM Retail Vice-President for Workplace and Administration Luis Lava, Jr. SM RETAIL, Inc. has tapped MPower, the local retail electricity supply […]
January 22, 2025
RCBC raises $350M from sustainability bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) has raised $350 million from its offering of five-year sustainability bonds, marking its return to the dollar debt markets after a year. The five-year senior unsecured fixed-rate sustainability notes were priced at a coupon of 5.375% per annum, RCBC said in a disclosure to the stock exchange on Wednesday. They […]
January 22, 2025
SteelAsia says P30-B Candelaria plant to produce over 1M tons of steel
STEELASIA MANUFACTURING CORP FACEBOOK STEELASIA Manufacturing Corp. said it has awarded the engineering, procurement, and construction management (EPCM) contract for its P30-billion plant in Candelaria, Quezon, which is expected to produce over one million tons of structural steel. SteelAsia awarded the contract to engineering company MCC Huatian Engineering & Technology Co. earlier this week, the […]
January 22, 2025
Yields on central bank’s term deposits go down as inflation fears ease
BW FILE PHOTO YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits went down on Wednesday amid easing inflation concerns following the implementation of government measures to tame rice prices. The BSP’s term deposit facility (TDF) attracted bids amounting to P276.657 billion on Wednesday, below the P280 billion on the auction block as well […]
January 22, 2025
Jetti plans P1.2-B expansion
JETTI.COM.PH INDEPENDENT OIL company Jetti Petroleum, Inc. expects to spend around P1.2 billion to establish 80 more stations to achieve its target of 300 stations by 2026, its president said. “We are embarking on completing or having available 300 stations and, initially, we’re targeting by early 2026; but, of course, we based this on our […]
