BSP creates overnight reference rate

The Bangko Sentral ng Pilipinas main office in Manila. By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) has created a new overnight rate (ON) as reference rate amid the phaseout of the London Interbank Offered Rate (LIBOR), which will expire on June 30, its chief said on […]

PEDP electronics target may be tough, says SEIPI

CHRIS RIED-UNSPLASH THIS YEAR’S electronics export target under the Philippine Export Development Plan (PEDP) will be difficult to achieve because of global headwinds, the top official of an industry group said on Wednesday. “The 2023 target of $53.7 billion for electronics may be tough given the global situation,” said Danilo […]

Lucio Co-led Puregold acquiring 14 DiviMart supermarkets

LISTED RETAILER Puregold Price Club, Inc. announced on Wednesday that the company’s board of directors had approved its acquisition of 14 DiviMart supermarkets.  The deal with DiviMart, a supermarket chain owned by entrepreneurs Harry Uy and Vivian Ong Juanitas, includes leasehold improvements, furniture, fixtures, equipment, and merchandise inventory, Puregold said […]