Peso could break P59 level vs dollar this year
BW FILE PHOTOBy Aaron Michael C. Sy, ReporterTHE PESO could breach its record low of P59 this year as Donald J. Trump’s presidency and the Philippine midterm elections may put pressure on the local currency.“The PHP (Philippine peso) breaching the
P639B worth of projects up for green lane approval
A wind turbine is seen in this file photo. — REUTERSAROUND P639 billion worth of projects are seeking expedited processing through the One-Stop Action Center for Strategic Investments (OSACSI), a Board of Investments (BoI) official said.BoI Investment Assistance Service and
Philippines’ top 1,000 firms post P17.8 trillion in revenues in 2023
Buildings are seen in Makati City, Dec. 17, 2024. — PHILIPPINE STAR /MIGUEL DE GUZMAN By Lourdes O. Pilar, Researcher THE TOP 1,000 corporations in the Philippines saw a 7.2% increase in combined revenues to P17.8 trillion in 2023,
BCDA 2024 revenue tops P11B
THE Bases Conversion and Development Authority (BCDA) said it booked P11.3 billion in gross revenue last year, up 3%, with results driven by its joint venture (JV) deal for a mixed-use development in Taguig City.In a statement over the weekend,
Philippine energy companies upbeat as projects go online
PHILIPPINE STAR/MICHAEL VARCASBy Sheldeen Joy Talavera, ReporterSOME listed energy companies are bullish for growth this year as power projects that are expected to go online provide additional power supply to the grid.“The year 2024 was a wake-up call, not only
Damosa Land bullish over Mindanao property market
RICARDO F. LAGDAMEO — DAMOSALAND.COMBy Beatriz Marie D. Cruz, ReporterDAMOSA LAND, INC. is looking to expand in Mindanao through digitalization efforts and increased demand for “green” and sustainable projects, according to its chief executive officer (CEO).“We’re always trying to be
PHL builders to benefit from state infra spending
PHILIPPINE STAR/JOHN RYAN BALDEMORBy Ashley Erika O. Jose, ReporterLISTED Philippine construction companies are expected to deliver strong results in 2025 — an election year — driven by increased state infrastructure spending, analysts said.“[Construction companies] are set for growth due to
Rice importers urged to bring in more 25% broken-grain varieties
PHILIPPINE STAR/MICHAEL VARCASTHE Department of Agriculture (DA) said rice traders need to set aside a portion of their imports to grain with 25% broken content, citing the need to lower rice prices.“By importing more rice with 25% broken grains, we
SEC to follow phased timeline for sustainability reporting
PHILIPPINE STAR/RYAN BALDEMORTHE SECURITIES and Exchange Commission (SEC) will gradually enforce revised sustainability reporting among publicly listed companies, the guidelines for which will be released this year, according to the corporate regulator.“The implementation of the new guidelines will follow a
LandBank, DBP capital issues post-Maharlika: Why the IMF is half-wrong and one year late
RA 11959 created the Maharlika Investment Corp. with its initial capital coming from the Land Bank of the Philippines (LBP, P50 billion) and the Development Bank of the Philippines (DBP, P25 billion). Contrary to the impression by the framers of