PHILIPPINE STAR/KRIZ JOHN ROSALES THE BANGKO SENTRAL ng Pilipinas (BSP) may consider a smaller 25-basis-point (bp) rate hike or even pause monetary policy tightening at its meeting on Thursday amid heightened global uncertainties, Finance Secretary Benjamin E. Diokno said on Monday. Mr. Diokno, a member of the Monetary Board (MB), said the recent global developments […]
Telecommunications is considered a critical infrastructure under the implementing rules of Republic Act No. 11647, which amends the 85-year-old Public Service Act. — PHILIPPINE STAR/EDD GUMBAN By Luisa Maria Jacinta C. Jocson, Reporter A LAW that allows full foreign ownership in more public services such as telecommunications, airlines, and railways will finally take effect in […]
REUTERS THE PHILIPPINE banking sector is ready to withstand possible shocks arising from the recent failure of two midsized banks in the United States, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The Philippine banking system is strong and prepared to withstand possible shocks posed by the collapse of some banks in the US. […]
PHILIPPINE STAR/EDD GUMBAN THE ECONOMY likely expanded by 7.1% in the first quarter, as consumption may have gotten a boost from higher remittances and personal income tax cuts, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said. “We expect a solid 7.1% GDP (gross domestic product) growth in the […]
MANILA Electric Co. (Meralco) is finalizing supply agreements to partially replace the 670 megawatts (MW) of lost capacity under a terminated contract with SMC Global Power Holdings Corp. “We have already accepted offers. Right now, we are in the process of finalizing the agreements with the generators,” Jose Ronald V. Valles, Meralco’s first vice-president and […]
A UNIT of Ayala-led ACEN Corp. opened its solar project’s first 521-megawatt direct current (MWdc) in Australia, which required the installation of about a million solar panels. In a disclosure to the Philippine Stock Exchange, the energy company said that the project, New England Solar, will be one of the largest projects in Australia to […]
MICHELLE YEOH wins the Oscar for Best Actress for Everything Everywhere All at Once at the 95th Academy Awards ceremony in Hollywood, Los Angeles, California, US, March 12. WOMEN deserve their lives to be reflected onscreen, and Malaysian film actress’ Michelle Yeoh’s win at the 95th Academy Awards is only one of the many evolutions […]
MAX’S Group, Inc. posted a 38% profit growth to P622 million last year, driven by the recovery of its brands across local and international markets, it said on Monday. In a stock market disclosure, the company said revenues grew by 44% to P10.98 billion for 2022, from P7.64 billion in the previous year. “Dine-in brands […]
CITYSCAPE view of the Victoria Harbour region in Hong Kong. —MANSON YIM/UNSPLASH HONG KONG is the most popular foreign destination among Filipino families this year amid the surge in travel, according to digital travel platform Agoda. Agoda said in a statement on Thursday that Hong Kong led the top 10 international destinations preferred by Filipino […]
OLIVE Ridley Sea Turtle hatchlings are immediately released to the ocean as part of Hamilo Coast’s Marine Turtle Conservation Program. — COMPANY HANDOUT HAMILO COAST recently renewed its partnership with the World Wide Fund for Nature Philippines (WWF), as it continues its campaign to protect and preserve its picturesque sanctuary located in Nasugbu, Batangas. Hamilo […]