Marcos signs EO adopting dev’t plan
THE TOWERING BUILDINGS of Makati’s central business district are seen in the background in this May 13, 2020 file photo. — PHILIPPINE STAR/ MIGUEL DE GUZMANPRESIDENT Ferdinand R. Marcos, Jr. has signed an executive order (EO) adopting the Philippine Development
Think tank says PHL may benefit from wealth fund, but flags political risks
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERSTHE PHILIPPINES could benefit from the proposed Maharlika Investment Fund (MIF) as long as the government can ensure that its first sovereign wealth fund (SWF) is
Congress urged to reconsider bill on transport safety board
PASSENGERS queue before the check-in counters at the Ninoy Aquino International Airport (NAIA) Terminal 3 after flights were canceled due to technical issues on Jan. 1. — PHILIPPINE STAR/EDD GUMBANCONGRESS is being urged to approve a bill creating the
SoFi stock is up 15% on Monday: here’s the catalyst
SoFi Technologies Inc (NASDAQ: SOFI) is up about 15% this morning after reporting better than expected results for its fiscal fourth quarter. SoFi issues upbeat full-year guidance More importantly, the digital financial services firm offered upbeat guidance for the full year on
MPIC targets P500-M revenue from dairy business by 2025
By Arjay L. Balinbin, Senior ReporterMETRO PACIFIC Investment Corp. (MPIC) expects to generate P500 million in revenue from its dairy business by 2025, according to the president of its agriculture unit Metro Pacific Agro Ventures (MPAV).“When [MPIC] invested in Carmen’s
Raslag to acquire 42-hectare Tarlac land for new solar farm
PIXABAYRASLAG Corp. said on Monday that it plans to acquire about 42 hectares of land in Tarlac province’s Gerona town for around P273 million to serve as the site of a proposed solar power plant.In a disclosure to the stock
Gov’t fully awards T-bill offer as rates drop across all tenors
BW FILE PHOTOTHE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates went down across all tenors amid strong demand from the market.The Bureau of the Treasury (BTr) raised P15 billion as planned from the
SIM registration hits nearly 27 million a month after rollout, says DICT
PHILIPPINE STAR/EDD GUMBANTHE Department of Information and Communications Technology (DICT) said 26.64 million subscriber identity module (SIM) cards have been registered as of Jan. 28, or a month after the registration law was rolled out.“Based on records provided by the
BPI looking to issue dollar bonds next quarter
BW FILE PHOTOBANK of the Philippine Islands (BPI) is looking to issue dollar bonds in the second quarter to help refinance $600 million in debt papers maturing this year.“I think we’re done on the peso side. We are looking at
CREIT receives permit to sell P4.5-B green bonds
THE Securities and Exchange Commission (SEC) issued a permit to sell to Citicore Energy REIT Corp. (CREIT) for its maiden P4.5 billion ASEAN Green Bond offering.The offer will consist of a base principal amount of P3 billion with an oversubscription