BW FILE PHOTO By Keisha B. Ta-asan, Reporter CREDIT GROWTH further slowed to a 21-month low in September as high interest rates continued to dampen demand for loans. Data from the Bangko Sentral ng Pilipinas (BSP) released […]
Marcos taps Consing to head Maharlika
Rafael D. Consing, Jr. has been named as the chief executive officer (CEO) and president of the Maharlika Investment Corp. (MIC). — COURTESY OF THE PRESIDENTIAL COMMUNICATIONS OFFICE PRESIDENT Ferdinand R. Marcos, Jr. has appointed his adviser […]
Household budgets to remain under pressure in Q4 — report
Consumer spending may remain muted even during the holiday season, as high prices dampen demand. — PHILIPPINE STAR/MIGUEL DE GUZMAN HOUSEHOLD CONSUMPTION in the Philippines will likely remain under pressure in the fourth quarter amid multi-year high […]
SE Asia urged to implement better e-commerce policies
BW FILE PHOTO SOUTHEAST ASIA should create a more conducive environment for e-commerce to maximize the gains and potential growth of the sector, the Asian Development Bank (ADB) said. “Although the e-commerce ecosystem in the Southeast Asian […]
First Gen signs P20-billion loan agreements with BDO, BPI
FIRST GEN CORP. on Monday said it entered into term loan agreements with BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI). The agreements specify that First Gen will borrow a total amount of P20 […]
Emperador’s income reaches P2.05 billion in third quarter
EMPERADOR, INC. said on Monday it saw a 5.1% increase in attributable net income for the third quarter driven by higher revenues. In a disclosure to the stock exchange, Emperador said its attributable net income from July […]
Solid finish for Philippine property in 2023 (part 1)
By Joey Roi Bondoc COLLIERS believes that mall operators and retailers should cash in on holiday spending across the country. — PHILIPPINE STAR/EDD GUMBAN THE Philippine economy grew slower than expected (4.3%) in the second […]
Meralco forecasts 4.7% growth in energy sales volume by yearend
MANILA ELECTRIC CO. (Meralco) is projecting a 4.7% increase in its energy sales volume by the end of the year, a company official said. “We’re forecasting around in the vicinity of 5% for the whole of Q4 […]
K-Pop’s Hybe, behind BTS, acquires Latin music label
SEOUL — South Korea’s largest music label Hybe Co., behind K-Pop supergroup BTS, said on Monday it acquired the music label of Spanish-language media company Exile Content in its first major foray into the Latin music market. […]
BTr fully awards T-bill offering with lower rates
BW FILE PHOTO THE BUREAU of the Treasury (BTr) fully awarded the Treasury bills (T-bills) it auctioned off on Monday with lower rates amid market expectations that the Bangko Sentral ng Pilipinas (BSP) will hold its benchmark […]