BW FILE PHOTOTHE PHILIPPINE banking system’s gross nonperforming loan (NPL) ratio eased in November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.The industry’s gross NPL ratio slipped to 3.54% in November from the over two-year high of 3.6% in October.However, it rose from
FREEPIKCORRUPTION remained the top concern of business executives this year, according to a survey of members of the Management Association of the Philippines (MAP).“We did a survey late last year, and we will certainly address the top seven concerns of MAP members,” said MAP President
A model of LNG tanker is seen in this illustration. — REUTERS/DADO RUVIC/ILLUSTRATION/FILE PHOTOBy John Victor D. Ordoñez, ReporterPRESIDENT Ferdinand R. Marcos, Jr. has signed into law a bill that aims to develop the country’s natural gas industry as the Philippines seeks to diversify its
PHILIPPINE STAR/ MICHAEL VARCASMETRO Pacific Tollways Corp. (MPTC) plans to issue up to P50 billion in new shares through a private placement to raise funds for reducing its existing debt, according to its chairman.The company is looking at a fundraising initiative “anywhere between P30 billion
WEST ZONE water concessionaire Maynilad Water Services, Inc. is now talking to banks as it prepares for its planned initial public offering (IPO), according to its chairman.“They’re busy talking to the banks already. We’ll try to put it (IPO) away this year or latest next
THE Jollibee Group has opened the first branch of Singapore’s Tiong Bahru Bakery brand in the Philippines, signaling the fast-food giant’s foray into fresh viennoiseries and handmade pastries.The branch is located at Verve Residences Tower 2, Bonifacio Global City (BGC) in Taguig, Jollibee said in
FREEPIKSINGAPORE-BASED Vena Energy and MGen Renewable Energy, Inc. (MGreen) have reached financial close on the 550-megawatt (MW) Bugallon Solar Power Project in Pangasinan.“The financial close of the Bugallon Solar Power Project represents a significant milestone in advancing renewable power generation in the Philippines,” Simone Grasso,
FILINVESTREIT.COMFILINVEST REIT CORP. (FILRT) saw a 13.3% increase in new leases for the first nine months of 2024 compared to the full year of 2023, the company said on Wednesday.The increase was led by new lease accounts and expansions of multinational companies within the Northgate
1 of 3AN egg sandwich may not be the most exciting thing in the world, but if you’re a fan of K-anything (that is, Korean pop culture), the Philippine franchise of Korean egg sandwich shop Eggdrop just might tickle your fancy.“I first became exposed to
COCA-COLA Beverages Philippines, Inc. announced on Wednesday the change of its legal name to Coca-Cola Europacific Aboitiz Philippines, Inc. (CCEAP).In a statement, the company said that it received approval from the Securities and Exchange Commission for the change of its company name.This follows the completed
REUTERS/DADO RUVIC/ILLUSTRATIONASIA-PACIFIC (APAC) governments and businesses are expected to continue tapping artificial intelligence (AI) solutions this year to improve their cybersecurity posture and boost efficiency in areas like energy and cloud management, according to software company Hitachi Vantara.“The region’s rapid urbanization and growing digital economy
BW FILE PHOTOYIELDS on the central bank’s term deposits dropped further on Wednesday amid expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP).The BSP’s term deposit facility (TDF) fetched bids amounting to P319.353 billion on Wednesday, above the P240 billion placed on