BSP adopts new format for policy announcements
CATHY ROSE A. GARCIATHE BANGKO SENTRAL ng Pilipinas (BSP) will start implementing a new format for communicating monetary policy decisions starting Aug. 28, as part of efforts to increase transparency. In a statement, the BSP said it will release its statement
CBD rents hold firm; fringe faces oversupply
PHILIPPINE STAR/ MICHAEL VARCASTHE METRO MANILA office market is expected to see continued demand for high-quality and strategically located properties, but fringe areas are facing oversupply, according to property consultancy firm Cushman & Wakefield. In its Second Quarter 2025 Philippine Office
ACEN unit allots P34.5B for 247-MW Banahaw Wind project
ACENRENEWABLES.COMGIGAWIND4, INC., an ACEN Corp. unit, is earmarking P34.5 billion for a wind power project in Tayabas, Quezon, with a planned capacity of 247 megawatts (MW). “In the pursuit of a sustainable and low-carbon future, the proposal for the 247-MW wind
8990 Holdings stockholders approve voluntary delisting
8990 Holdings stockholders approve voluntary delisting - BusinessWorld Online 8990HOLDINGS.COMREAL ESTATE developer 8990 Holdings, Inc. has secured stockholders’ approval for its planned voluntary delisting from
Exploring El Nido’s charm beyond sunshine and sand
1 of 8By Almira Louise S. Martinez, Reporter LOW SEASON came early at one of the most popular summer destinations, El Nido, according to a manager in one of the hotels in the coastal town. Yet, despite the gloomy weather, tourists
EDC signs deal for 440-MW geothermal projects in Indonesia
FEDERICO R. LOPEZ, chairman and CEO of First Gen Corp. and Energy Development Corp. (EDC), receives a memento from Frankie Oesman Widjaja, chairman of PT Dian Swastatika Sentosa Tbk, to mark the partnership between the two companies to jointly explore
BTr fully awards bonds
BW FILE PHOTOTHE GOVERNMENT made a full award of its dual-tranche offering of Treasury bonds (T-bonds) on Wednesday at lower yields before an expected rate cut by the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) raised P35
Bringing premium tea craftsmanship to milk tea
1 of 2ALTHOUGH the Philippines is a coffee-drinking culture, Chinese milk tea brand Chagee is hoping to kickstart Filipinos’ newfound appreciation for tea. Its executives recently told the press that it will be bringing “the premium tea bar experience” to
TDF yields drop before BSP meet
Bangko Sentral ng Pilipinas main office in Manila. — BW FILE PHOTOYIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday, even as the one-week tenor went undersubscribed, ahead of the anticipated rate cut at the Monetary
Maynilad appoints Christopher Lichauco as COO
Christopher Jaime T. Lichauco, incoming chief operating officer of Maynilad Water Services, Inc., effective Sept. 1.WEST ZONE concessionaire Maynilad Water Services, Inc. has appointed Christopher Jaime T. Lichauco as its new director and chief operating officer (COO), effective Sept. 1. He