DATA from the Philippine central bank showed gross international reserves (GIR) fell to $102.45 billion as of end-December. — REUTERS THE PHILIPPINES’ dollar reserves slipped by 0.3% as of end-December, as the National Government paid some of its debt obligations, but still ended the year above the central bank’s $100-billion […]
Inflation likely to remain within BSP’s 2-4% target range for most of 2024
People shop at a supermarket, Dec. 22, 2023. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Keisha B. Ta-asan, Reporter HEADLINE INFLATION is seen to remain mostly within the 2-4% target range this year, which may prompt the Bangko Sentral ng Pilipinas (BSP) to begin policy easing, according to analysts. Makoto Tsuchiya, […]
BoI eyes up to P1.5-trillion investments in 2024
Fireworks are seen over the Makati central business district, Dec. 31, 2023. — MATRIX IMAGES / GEORGE BUID VIA REUTERS CONNECT THE BOARD of Investments (BoI) is aiming to approve as much as P1.5 trillion in investment pledges this year. Trade Secretary Alfredo E. Pascual said the BoI’s official target […]
Philippines’ top 1,000 companies post P16.7 trillion in revenues in 2022
By Lourdes O. Pilar, Researcher THE TOP 1,000 corporations in the Philippines showed resilience in 2022 after posting a combined gross revenue of P16.68 trillion, as economic activity picked up after pandemic-related restrictions were lifted. The BusinessWorld Top 1000 Corporations in the Philippines report showed the firms’ aggregate gross revenue […]
Community competition
1 of 2 THERE’S SOMETHING really beautiful about having a Mazda Miata race series in the Philippines — and I’m not just talking about the spectacle of seeing this many MX-5s. I’m talking about the energy and philosophy behind it. You see, a Mazda Miata race is a gentleman’s (or […]
Ford Territory: Driving to new ground
1 of 5 By Dylan Afuang THE LATEST Territory crossover that Ford Philippines has said sold 5,000 units since its April 2023 launch — adding to the 20,000 units sold by the nameplate’s first iteration — seemed like the perfect vehicle for road trips. It had the ingredients for being […]
PSE told to explain trading halts much sooner
REUTERS By Revin Mikhael D. Ochave, Reporter THE Philippine Stock Exchange (PSE) should promptly disclose the cause of trading halts to ensure confidence in local financial markets, analysts said at the weekend after the bourse halted trading for two hours on Jan. 3 due to a technical glitch. “Prolonged trading […]
Shell, NEO unveil EV charging hub in Taguig
From left are Shell Real Estate Program Manager Pol Atuelan, Shell Real Estate EV Portfolio Asia Manager Millicent Ngo, Shell Engineering Manager Ronald Gatbonton, Shell Head of E-Mobility and Innovations Jolo Valdez, Shell Mobility Vice-President Randy Del Valle, NEO CEO Raymond Rufino, NEO President Charlie Rufino, NEO Co-Managing Director and […]
JLL expects more property conversions this year
By Sheldeen Joy Talavera, Reporter MORE Philippine real estate may be converted into housing and retail spaces this year as property developers repurpose out-of-date buildings, according to JLL. “With many buildings now out of date — if not yet out of use — and others simply failing to generate suitable […]
A better year ahead for new hairdressers
1 of 2 SOME people are entering 2024 in much better shape than they were in last year. Ailene Solitas was spiraling into depression after her mother died, spending days in isolation. Then, as she told BusinessWorld in an interview, she heard about a program which was looking for applicants […]