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Sta. Mesa residents attend a job fair in Manila. — PHILIPPINE STAR/EDD GUMBANBy John Victor D. Ordoñez, ReporterTHE JOBLESS RATE eased to 4.7% in March, while the underemployment rate fell to its lowest level in 18 years, the Philippine Statistics Authority (PSA) reported on Monday.Preliminary
BW FILE PHOTOBy Luisa Maria Jacinta C. Jocson, ReporterTHE NATIONAL Government’s (NG) outstanding debt reached a record-high P13.86 trillion as of end-March, the Bureau of the Treasury (BTr) said on Monday. Data from the BTr showed that outstanding debt inched up by 0.8% or P104.15
FREEPIKBy Keisha B. Ta-asan, ReporterBANK LENDING steadied in March alongside a rise in domestic liquidity, despite aggressive rate hikes by the Philippine central bank.Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed outstanding loans by big banks rose by 10.1% to $10.762
Ayala Land Inc’s Tower One office building is seen at the heart of the Makati business district, March 11, 2016. — REUTERS/ROMEO RANOCO A SLOWDOWN in economic growth, coupled with persistently high inflation, may hinder the recovery of Philippines Inc. from the coronavirus disease 2019
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted an 8.7% increase in first-quarter attributable net income to $154.61 million as revenues grew despite challenging times, it said on Monday.“These results have been driven by our diversified portfolio and continued focus on margins, and they have been
GLOBE Telecom, Inc. has sold 447 telecommunications towers to Unity Digital Infrastructure, Inc. from which the Ayala-led company expects P5.4 billion in proceeds.Globe President and Chief Executive Officer Ernest L. Cu said in a briefing on Monday that the sale and leaseback of the towers
THE Securities and Exchange Commission (SEC) has cleared the registration of shares by Repower Energy Development Corp. for an initial public offering (IPO) as well as the participation certificates by Fora Services, Inc. for a condotel in Tagaytay.“In its May 4 meeting, the Commission En
SY-LED SM Prime Holdings, Inc. reported a 27% increase in first-quarter consolidated net income to P9.4 billion after the rebound of its recurring businesses, the company said on Monday. In a disclosure to the stock market, the listed property developer said consolidated revenues for the period
METRO Pacific Investments Corp. (MPIC) said on Monday that it had completed the acquisition of 1.6-billion common shares or an equivalent of 16% of the outstanding shares in SP New Energy Corp. (SPNEC).In a regulatory filing, MPIC said that an agreement was also executed granting
LOS ANGELES — The Hollywood writers’ strike that kicked off last week could last well into the summer and likely beyond, top executives close to the discussions told Reuters. On day three of the walkout that has roiled the industry, the two sides remained so far