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A man works at an assembly plant in Valenzuela City, Oct. 5, 2017. — REUTERS/DONDI TAWATAOTHE PHILIPPINE Economic Zone Authority (PEZA) reported a 54% increase in approved investments in the first quarter from a year earlier, putting it on track to hit its full-year growth
BW FILE PHOTOTHE NATIONAL GOVERNMENT (NG) plans to borrow P160 billion from the domestic market in April, the Bureau of the Treasury (BTr) said on Wednesday.The BTr released its borrowing plan for next month that is 20% lower than this month’s P200-billion program. The government
A vendor sells fish at a public market in Manila. — PHILIPPINE STAR/WALTER BOLLOZOSFURTHER MONETARY tightening to tame inflation would not risk financial stability, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said on Wednesday.During a forum organized by Bank Indonesia, Mr. Medalla said
Teachers and students participate in an earthquake drill in Parañaque City, March 24, 2023. — PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINE GOVERNMENT should ramp up investments in disaster response programs as well as the healthcare system to ensure their readiness in the event of a catastrophic earthquake
PHILIPPINE STAR/ RUSSELL PALMAMANILA Electric Co. (Meralco) has forged a 300-megawatt (MW) emergency power supply agreement (EPSA) for one year with South Premiere Power Corp. (SPPC).In a statement on Wednesday, Meralco said the deal starts from March 26, 2023 until March 25, 2024.The power utility
Bank of Commerce announces annual stockholders' meeting to be held on April 25 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify
D&L INDUSTRIES, Inc. posted a 25.8% increase in net income in 2022 to P3.32 billion from P2.64 billion a year earlier, driven by consumer spending and export growth.“In 2022, we hit a new high in terms of net income,” said D&L Industries President and Chief
MAYNILAD Water Services, Inc. has started to implement daily water interruptions to maintain adequate water supply during the looming El Niño phenomenon towards the second half of 2023.The daily water service interruptions started on March 28 within its west zone concession area, the company said
PHILIPPINE-listed company Integrated Micro-Electronics, Inc. (IMI) tied up with Zero Motorcycles to increase access to full-sized all-electric motorcycles.In a disclosure to the Philippine Stock Exchange, the company said that it partnered with the California-based company for the mass production of electric motorcycles, which it projected
JG SUMMIT Holdings, Inc.’s consolidated net income last year plummeted by 86.3% to P700 million after the impact of the peso’s devaluation on the Gokongwei-led conglomerate’s dollar-denominated debt.“We experienced a surge in consumption which drove the strong demand for our products and services across our
East West Banking Corp. to conduct annual stockholders' meeting virtually on April 21 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify