REUTERSTHE Philippines’ dollar reserves rose to a two-month high as of end-October and ended eight straight months of decline, thanks to the National Government’s (NG) higher foreign currency deposits with the central bank.Gross international reserves (GIR) reached $94.1 billion as of end-October, up 1.9% from

A woman buys fresh vegetables at the Marikina Public Market. — PHILIPPINE STAR/ WALTER BOLLOZOSHEADLINE INFLATION is likely to peak in the last two months of 2022 as holiday demand and seasonal inflows of remittances may fuel inflationary pressures, ANZ Research said on Monday. In

REUTERSTHE Philippine government is seeking a $600-million loan from the World Bank (WB) to support reforms that would help achieve a “resilient, inclusive and sustainable financial sector.”The World Bank board is expected to approve the Philippines’ second financial development policy financing at its Dec. 20

The Entrepreneur Of The Year Philippines 2022 has concluded its search for the country’s most undaunted and unstoppable entrepreneurs. Entrepreneur Of The Year Philippines is a program of the SGV Foundation, Inc., with the participation of co-presenters the Asian Institute of Management, the Department of

SCREENGRAB FROM YOUTUBE/ACENERGYAYALA-LED ACEN Corp. has completed divesting its stake in a 246-megawatts (MW) coal-fired power plant subsidiary South Luzon Thermal Energy Corp. (SLTEC) through a mechanism that funds the transition from coal to renewables.In a disclosure on Monday, ACEN said the move will allow

LISTED port operator International Container Terminal Services (ICTSI) saw its third-quarter net income attributable to equity holders increase 42.6% to $170.7 million from $119.7 million previously.The increase was mainly due to volume growth, improved trade activities, new shipping lines and services at certain terminals, and

SM PRIME Holdings, Inc. consolidated net income almost doubled to P7.9 billion in the third quarter from P4 billion in the same period last year after booking higher revenues as economic conditions improve.“We are happy to report very encouraging result of our third-quarter operations, which

PETROGREEN Energy Corp. and Copenhagen Energy plan to form separate special purpose vehicles (SPVs) to oversee the investment and development of three offshore wind projects, the Yuchengcos’ listed energy company told the stock exchange on Monday.In its disclosure, PetroEnergy Resources Corp. said incorporation documents were

FLAG CARRIER Philippine Airlines, Inc. (PAL) announced on Monday that it will expand its direct flights between its hub in Cebu City and Mindanao with a new service to Cotabato City beginning Dec. 1.The Cebu-Cotabato flights are expected “support the revival of domestic tourism and

DOUBLEDRAGON CORP.’s offshore unit is planning a tap offering to its US dollar-denominated bonds listed at the Singapore Exchange Securities Trading Ltd. (SGX-ST) to fund its Hotel 101 project in Japan.“DoubleDragon seeks to increase diversification of its funding sources as it prepares itself to grow