<?xml encoding=”utf-8″ ?????????> The government has sold 1.03 per cent of its shares in Natwest as it continues to quietly reduce its stake in the bank. According to a stock exchange announcement, the Treasury reduced its stake from 37.97 per cent to 36.94 per cent. It is unclear what price […]
Maersk pauses shipping operations in Red Sea indefinitely after new attacks
<?xml encoding=”utf-8″ ?????????> Shipping giant Maersk said Tuesday it will pause operations in the Red Sea “until futher notice” after another attack by Iran-backed Houthi rebels in Yemen over the weekend. “We have decided to pause all transits through the Red Sea/Gulf of Aden until further notice,” the Danish company […]
Debt pile rises to record P14.5 trillion
BW FILE PHOTO By Keisha B. Ta-asan, Reporter THE NATIONAL Government’s (NG) total outstanding debt hit a fresh high of P14.51 trillion as of end-November, the Bureau of the Treasury (BTr) said on Wednesday. The outstanding debt inched up by 0.2% from P14.48 trillion as of end-October, data from […]
MUFG sees PHL economy growing by 5.6% this year
A vendor waits for customers at Divisoria market, Dec. 30, 2023. — PHILIPPINE STAR/WALTER BOLLOZOS THE PHILIPPINE ECONOMY may grow by 5.6% this year as easing inflation could help boost consumption, MUFG Global Markets Research said. In a report, MUFG Global Markets said the Philippine gross domestic product (GDP) is […]
Renewables seen to offset the rise in electricity prices
PHILIPPINE STAR/KRIZ JOHN ROSALES By Sheldeen Joy Talavera, Reporter THE PRICE AND SUPPLY of electricity in the Philippines are seen to be challenged this year due to warm weather but may be offset by the power capacity expansion from renewables. Jose M. Layug, Jr., president of Developers of Renewable Energy […]
DBM chief issues national budget call for 2025
BUDGET SECRETARY AMENAH F. PANGANDAMAN — PHILIPPINE STAR/KRIZ JOHN ROSALES THE 2025 national budget will focus on keeping inflation under control, addressing the economic scarring from the pandemic, boosting infrastructure investments, and adapting global trends in digital transformation, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. […]
UK and EU climate change strategy will see new reporting procedures and rising consumer prices
<?xml encoding=”utf-8″ ?????????> As the UK and EU come together with a new renewables and climate change strategy, exporters and importers will face new reporting requirements and tax levies, say leading tax and advisory firm Blick Rothenberg. Simon Sutcliffe, a customs expert and Partner at the firm, said: “The two […]
Airlines may sustain growth amid travel pickup
Passengers wait inside the Ninoy Aquino International Airport Terminal 3 in Pasay City, Oct. 29, 2022. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Ashley Erika O. Jose, Reporter AIRLINE companies in the Philippines are expected to sustain their gains this year as airport investments including the rehabilitation of the country’s […]
Maynilad to build P2.8-B reservoirs in 3 cities
PHILIPPINE STAR/EDD GUMBAN By Sheldeen Joy Talavera, Reporter MAYNILAD Water Services, Inc. on Wednesday said it would build four reservoirs worth P2.8 billion that will add 211 million liters (ML) of water to its storage capacity by 2026. The four reservoirs will be built in Quezon City, Valenzuela, and Muntinlupa, […]
It’s a leftover-palooza!
PORK ASADO MANTOU Pork Asado with Pickled Cucumbers WHIPPED Fruit Salad WE’RE sure a lot of us are playing a form of fridge Tetris (that is, rearranging our leftovers in the refrigerator to make them fit) after the end of 2023’s holiday season. So BusinessWorld asked some experts for their […]