BW FILE PHOTO By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to limit its foreign exchange intervention on markets by finalizing a new framework this year, its chief said on Thursday. In his first public event this year at the Rotary Club’s weekly meeting, BSP […]
PHL firms seen to hike salaries by 6.2% this year
Workers are seen at a construction site in Santa Cruz, Manila, Oct. 26, 2023. — PHILIPPINE STAR/EDD GUMBAN SALARY INCREASES are expected to be higher in the Philippines this year, amid growing demand for professionals and elevated inflation, according to global professional services firm Mercer. In its Total Remuneration Survey […]
MIC identifies possible areas for investments
PHILIPPINE STAR/ MIGUEL DE GUZMAN THE MAHARLIKA Investment Corp. (MIC), which is tasked to oversee the Philippines’ first sovereign wealth fund, is looking at potential investments in key sectors such as infrastructure, energy and transportation. The MIC held its first board meeting on Wednesday, as it seeks to fully operationalize […]
DoF says CREATE incentives benefited P1T worth of projects
REUTERS PROJECTS BENEFITING from incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law have reached P1.02 trillion in investment capital as of October, the Department of Finance (DoF) said. In a social media post, the DoF said this reflects the efforts of the Marcos administration to promote […]
Meralco eyes bids for 660-MW power capacity
EVENING_TAO-FREEPIK MANILA Electric Co. (Meralco) has started seeking bidders for 660 megawatts (MW) of capacity as it expects power demand to increase in the summer months. In a statement on Thursday, the power distributor said the capacities up for bidding will cover its 260-MW peaking requirement and 400-MW baseload requirement […]
A Brown unit to start P700-M e-beam facility in March
A UNIT of listed A Brown Co. is expected to finish the construction of the country’s first electron beam (e-beam) cold storage facility in Tanay, Rizal in March. In a statement on Thursday, the company said unit Irradiation Solutions, Inc. would start commercial operations in March with the launch […]
SEC warns public vs investing in OKPB and Goldia
SEC.GOV.PH THE Securities and Exchange Commission (SEC) has warned the public against investing in two entities that it said are not authorized to issue and sell securities in the Philippines. In separate advisories posted on its website, the corporate regulator flagged One 1Key Progress Booster, Inc. (OKPB) and Goldia by […]
Perfetti Van Melle inks partnership with PCX to exceed plastic goals
US.CHUPACHUPS.COM CONFECTIONERY maker Perfetti Van Melle Philippines has partnered with PCX Markets for an initiative that seeks to exceed the required plastic reduction goals of large companies under the Extended Producer Responsibility Act. Perfetti Van Melle Philippines Managing Director David Roos on Thursday said the company, which produces brands like […]
2024 concerts: A full calendar of live shows
1 of 4 A STAR-STUDDED lineup awaits music lovers as both local and international acts are gearing up to perform on stage throughout the year. Whether it’s pop favorites, balladeers, rock bands, rap trailblazers, or indie darlings, there will be something for everyone up ahead. Here is a rundown of […]
Philippine energy companies bullish, eye 2024 demand surge
By Sheldeen Joy Talavera, Reporter SOME listed Philippine energy companies are bent on diversifying their energy portfolio amid an expected surge in demand and a pipeline of projects. “We are currently diversifying our power portfolio by developing several renewable energy facilities, with numerous others in the pipeline,” Antonio Miguel B. […]