A worker operates the die attach machine at a semiconductor manufacturing plant in Manila, Dec. 10, 2008. — REUTERS THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said on Wednesday it now expects electronics […]
Inflationary pressures remain elevated in PHL
PHILIPPINE STAR/EDD GUMBAN INFLATIONARY PRESSURES in the Philippines remain one of the highest in Asia as food prices continue to rise, according to Nomura Global Markets Research. Nomura Global Markets Research in a note dated Aug. 30 […]
Gov’t to borrow P180B from local mart in Sept.
THE NATIONAL Government (NG) plans to borrow P180 billion from the domestic market in September, the Bureau of the Treasury (BTr) said on Wednesday. The September borrowing plan is 20% lower than the P225-billion program for August. […]
Maharlika fund allowed to invest in JVs, infrastructure projects
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS THE MAHARLIKA Investment Corp. (MIC), which will manage the country’s first sovereign wealth fund, can invest in joint ventures (JVs), infrastructure projects, […]
Domestic trade declines in second quarter
CARGO and other vehicles are pictured on a roll-on, roll-off ferry as it leaves Dalahican port in Lucena City, March 10, 2016. — REUTERS THE DOMESTIC TRADE in goods declined by an annual 36.2% in the second […]
SEC renews call for erring firms to seek amnesty
THE SECURITIES and Exchange Commission (SEC) reminded corporations and associations to avail of its amnesty program until Sept. 30 to avoid higher fees and penalties. “With fees and penalties increasing on October 1, the SEC strongly encourages […]
Motorcycle sales seen to reach 1.6M this year
MDPPA MOTORCYCLE sales are expected to hit 1.6 million this year for an estimated growth of 6.7% from the 1.5 million units sold last year, according to the Motorcycle Development Program Participants Association (MDPPA). “MDPPA conducted a […]
Yields on term deposits decline as markets expect policy easing
The Bangko Sentral ng Pilipinas main office in Manila. YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday amid lower US Treasury rates and expectations of monetary policy easing next year. Demand for […]
Stakeholders’ comment sought on proposed eSECURE platform
THE Securities and Exchange Commission (SEC) is seeking comments from stakeholders on a proposed memorandum circular covering its electronic SEC universal registration environment (eSECURE) platform. The eSECURE is a platform that allows users to manage their SEC […]
Discovery World adds residential subdivisions to product portfolio
LISTED hotel and resort operator Discovery World Corp. has amended its corporate purpose in a bid to expand its product portfolio. In a stock exchange disclosure on Wednesday, Discovery World said that it included the development of […]