Vendors continue to sell goods despite flooding at the Libertad Public Market in Pasay City, July 24, 2024. — PHILIPPINE STAR/RYAN BALDEMORBy Luisa Maria Jacinta C. Jocson, Reporter HEADLINE INFLATION likely eased in August and returned to within the central bank’s 2-4% target band amid
BW FILE PHOTOBy Luisa Maria Jacinta C. Jocson, ReporterBANK LENDING grew at its fastest pace in 19 months in July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.Outstanding loans of universal and commercial banks rose by 10.4% year on year to P12.14 trillion
Sheets five-dollar bills are seen through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. —REUTERSMORE FOREIGN PORTFOLIO investments entered the country than left in July, reflecting higher investments in government securities, data from the Bangko Sentral ng Pilipinas
Peoples walk past automated teller machines in Makati City, June 23, 2016. — REUTERSBy Karis Kasarinlan Paolo D. Mendoza, ResearcherTHE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth.The latest edition of BusinessWorld’s quarterly banking report showed that
By Ashley Erika O. Jose, ReporterCONVERGE ICT Solutions, Inc. is considering expanding its partnership with Lopez-led Sky Cable Corp., but has no plans to acquire the company at this time, its chief operations officer (COO) said.“Probably not at this time, as the financials are quite
OVIALAND.COMOVIALAND, Inc. plans to launch an initial public offering (IPO) at a higher valuation, potentially next year, depending on market conditions,” the real estate developer’s president said.“Definitely, (our IPO) will (have) a much higher valuation because the company has grown,” Ovialand President and Chief Executive
We Are Survivors, a leading charity for male sexual abuse and rape survivors, has released the latest edition of their quarterly magazine, Beyond the Silence, featuring cover star Barney Walsh. The magazine, which was published on Sunday 1 September, 2024, highlights the organization’s efforts to
AUTOMOTIVE brands Omoda and Jaecoo, both from China, are set to expand in the Philippines with the opening of a flagship branch in Alabang by the fourth quarter.In a statement released over the weekend, Omoda announced that its first car shipment to the Philippines will
THE BUREAU of Customs (BoC) at Port of Batangas (PoB) collected P18.7 billion in duties and taxes from Toyota Motor Philippines Corp. (TMP) in the first quarter, making TMP its largest revenue contributor, the car manufacturer said.“This substantial contribution underscores TMP’s significant role in the
1 of 8SMC ASIA CARS Distributors Corp. (SMCACDC) or BMW Philippines has already been known for being a company at the forefront of purveying battery electric vehicles (BEVs). This confidence has resulted in a slew of relevant releases over a relatively short span of time.Recently,
1 of 2By Kap Maceda AguilaAs Filipino gymnast Carlos “Caloy” Yulo made history at the recent Olympics in Paris, a windfall of benefits awaited him even before he got home.One of the companies generously giving the double-gold medalist much deserved incentives for his feat is
LISTED property developer SM Prime Holdings, Inc. is prioritizing expansion of its mall business in the Philippines due to competitive advantages, while its operations in China remain stable, Executive Committee Chairman Hans T. Sy said.“I’m stepping up the (mall) expansion here because we have the