The Philippines posted a trade deficit of $4.13 billion for August, data from the Philippine Statistics Authority showed. — BW FILE PHOTO THE PHILIPPINES’ trade-in-goods deficit for August narrowed to its lowest level in two months, as […]
FDI net inflows jump to 3-month high in July
Net inflows of foreign direct investments rose by 35.7% to $753 million in July. — REUTERS NET INFLOWS of foreign direct investments (FDI) rose to its highest level in three months in July, amid improved investor sentiment. […]
IMF still sees PHL as one of region’s strongest economies this year
A man arranges Christmas lanterns for sale in Las Piñas City. The International Monetary Fund projects 5.3% gross domestic product growth for the Philippines this year. — PHILIPPINE STAR/EDD GUMBAN THE INTERNATIONAL Monetary Fund (IMF) expects the […]
PHL lenders’ bad loan ratio falls to 4-month low
MARI GIMENEZ-UNSPLASH By Keisha B. Ta-asan, Reporter SOURED LOANS held by Philippine banks declined year on year as of end-August, bringing the nonperforming loan (NPL) ratio to a four-month low despite elevated borrowing costs. Latest data from […]
DoubleDragon unit opens Singapore sales hub
THE hotel unit of DoubleDragon Corp. has opened its “global” corporate office and sales hub in Singapore, stepping up the Sia-led group’s overseas foray. In a regulatory filing, DoubleDragon said Hotel101 Global Pte. Ltd. launched its operations […]
Energy firms seen to face challenges amid geopolitical issues, say analysts
By Sheldeen Joy Talavera, Reporter ENERGY COMPANIES are expected to experience challenges in terms of oil input costs amid the conflict in the Middle East, according to analysts, who also said the situation may also present opportunities […]
Kepwealth sets near-term property acquisition
LISTED property developer Kepwealth Property Phils., Inc. is looking to acquire new properties in the near term as the company is aiming to bolster its portfolio. “The board projects that we will most likely look into acquiring […]
From art fairs to scholarships to documentaries
THE TWO-YEAR hiatus on in-person events due to the pandemic is long over, and everyone has been showing up in full force to support Philippine arts and culture, according to the Museum Foundation of the Philippines, Inc. […]
RFM: No price hike for grocery goods during the holiday season
LISTED food and beverage manufacturer RFM Corp. will not implement price increases for its items sold across supermarkets during the holiday season, its top official said. “We’re prepared for Christmas. We don’t want to increase prices, especially […]
Alternergy unit forges lease, revenue-sharing deal with Rizal gov’t for 100-MW wind project
ALTERNERGY HOLDINGS Corp. said its subsidiary inked a lease contract, including a revenue-sharing agreement, with the provincial government of Rizal for a 100-megawatt (MW) onshore wind project. In a stock exchange disclosure on Tuesday, the listed energy […]