BoP position swings to deficit in Oct.
US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERSBy Luisa Maria Jacinta C. Jocson, ReporterTHE COUNTRY posted a balance of payments (BoP) deficit of $724 million in October as the government repaid
Inflationary pressures may prompt pause in December — Remolona
A store attendant checks the canned goods display inside a grocery in Quezon City, Oct. 19, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, ReporterINFLATIONARY PRESSURES could prompt the Philippine central bank to pause its easing cycle,
Peso slides to over two-year low
THE PESO sank to an over two-year low on Wednesday amid escalation in the Russia-Ukraine war as well as further signals on US President-elect Donald J. Trump’s economic policies. The local unit closed at P58.91 per dollar on Wednesday, weakening by
PEZA approvals hit P186B as of mid-Nov.
THE PHILIPPINE Economic Zone Authority (PEZA) has greenlit P186.098 billion in investment pledges as of Nov. 13, surpassing the total approvals in 2023. This was 32.1% higher than the P140.884 billion worth of investments it approved in the same period in
BusinessWorld Forecast 2025 to explore PHL’s path towards steady growth
(L-R) FINANCE UNDERSECRETARY and Chief Economist Domini S. Velasquez; Zafer Mustafaoglu, country director for the Philippines, Malaysia, and Brunei at the World Bank; Pavit Ramachandran, country director for the Philippines at the Asian Development Bank; and Tourism Secretary Ma. Esperanza
Upskilling for the Philippine Energy Transition: The AboitizPower-JERA Talent Exchange Program
Jeremiah Cayondong, Jun Carlo Luchavez and Marlon Silang (2nd to 4th from left) are the first Filipino batch of the AboitizPower-JERA talent exchange program, receiving training and experience at Japan’s Hekinan Thermal Power Station.Strategic partners Aboitiz Power Corporation (AboitizPower) and
Meralco sets P25-B budget to storm-proof power systems
“THE INTEGRITY of our distribution system is really, parang (kind of) in danger if our system is not really that storm-hardened” — Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho. — MERALCO’S FACEBOOK ACCOUNTPOWER distributor Manila Electric Co.
TRB sees implementation of 3 SMC toll road projects next year
PHILSTAR FILE PHOTOTHE Toll Regulatory Board (TRB) expects the implementation of at least three toll road projects proposed by San Miguel Corp. (SMC) next year, according to the regulator’s executive director.“By 2025, hopefully we can implement these three projects,” TRB
Filinvest REIT eyes 95% office occupancy by 2026
FILINVEST.COMLISTED Filinvest REIT Corp. (FILRT) targets an expansion of the occupancy rate of its office portfolio to 95% by 2026 as the company looks to sustain growth, its president said.“FILRT aims to reach an occupancy of 95% before 2026 driven
The sweet taste of Italy
1 of 2VENCHI, the Italian brand of chocolate and gelato that has been delighting customers since 1878, has arrived in the Philippines.It was founded by Silviano Venchi who spent all his savings to buy two bronze cauldrons to experiment with