RA 11959 created the Maharlika Investment Corp. with its initial capital coming from the Land Bank of the Philippines (LBP, P50 billion) and the Development Bank of the Philippines (DBP, P25 billion). Contrary to the impression by the framers of the law that these equity

1 of 10HARD TO FATHOM that Jetour was once just an SUV model line of the considerable Chery Holding Group. Conceived almost exactly eight years ago and “upgraded to an independent brand” in 2021, it is positioned as a company of “equal footing” with the

BW FILE PHOTORATES of the Treasury bills (T-bills) and bonds (T-bonds) to be auctioned off this week may end mixed to track secondary market movements as the market continues to price in their inflation and monetary policy expectations.The Bureau of the Treasury (BTr) will auction

1 of 3DESIGNER Jor-el Espina is celebrating his 20th anniversary in fashion in 2025, and he’s doing it in style.In the last month of 2024, he opened his new atelier on the 7th floor of One Corporate Plaza building in Makati.Prior to the opening last

REUTERSTHE Philippine Stock Exchange, Inc. (PSE) has asked stock brokerages to submit their information sheets by Jan. 31 as part of the bourse’s reportorial requirements.In a notice posted on its website, the PSE is also requiring brokerages to submit their stock market investor profile surveys

PEXELS/BW FILE PHOTOAs taxpayers, we have the right to know where our money is being spent. And in 2025, the government will spend a lot of it: P6.326 trillion. So let us call a spade a spade: the recently signed budget is a license to

Jetour Auto International Vice-President Kevin Xu (right) talks to ‘Velocity’ Editor Kap Maceda Aguila in China. — PHOTO BY JOYCE REYES-AGUILAInterview by Kap Maceda AguilaVELOCITY: We’ve been hearing about how Jetour wants to grow its market internationally, and that it’s one of the leading brands

YIELDS on government securities (GS) traded in the secondary market were mostly mixed last week amid weak market activity following the holidays.GS yields, which move opposite to prices, inched down by an average of 1.87 basis points (bps) week on week, according to the PHP

HEADLINE INFLATION may have quickened in December amid higher prices of food and utilities, but full-year inflation likely settled within the 2-4% target band, analysts said. Read the full story.CEDTyClea

GLOBE.COM.PHGLOBE Telecom, Inc. has deployed its first private 5G network to offer dedicated connectivity to businesses, while also providing a secure network, the Ayala Corp.-led telecommunication company said.The 5G network is meant to address major operational flaws and challenges in different industries, it said in

BW FILE PHOTOTHE PESO may move sideways against the dollar this week following stronger-than-expected US data and as the market awaits the release of key economic reports in the coming days.The local unit closed the shortened trading week at P58.20 per dollar on Friday, weakening

BW FILE PHOTOPHILIPPINE STOCKS could extend their climb this week as trading volumes normalize and as the market awaits the release of key economic data.On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.81% or 53.42 points to end at 6,603.81, while the broader