THE Philippines is eyeing the launch of foreign currency-denominated bonds before the end of the first half of 2024. — IMAGO/BERND LEITNER VIA REUTERS CONNECT THE GOVERNMENT is eyeing the launch of foreign currency-denominated bonds before end-June, amid expectations of easing interest rates, Finance Secretary Benjamin E. Diokno said. “Maybe […]
BSP may cut rates by up to 100 bps this year
Families walk around Luneta Park in this file photo. — PHILIPPINE STAR/WALTER BOLLOZOS THE BANGKO SENTRAL ng Pilipinas (BSP) may cut borrowing costs by as much as 100 basis points (bps) this year as inflation is seen to stay mostly within the 2-4% target band, the Philippines’ Finance chief said […]
PHL seeks to unlock AI’s potential amid emerging threats
Adoption of artificial intelligence is expected to continue to increase this year. — REUTERS/DADO RUVIC/ILLUSTRATION/FILE PHOTO By Ashley Erika O. Jose, Reporter DIGITALIZATION has become a strategy for many businesses as more companies embraced the trend when the pandemic forced them to accelerate their digital transformation. Amid the shift in […]
BoC revenues hit P884B, exceed full-year target
The Customs bureau has ramped up efforts against smuggling of counterfeit goods. — PHILIPPINE STAR/EDD GUMBAN THE BUREAU of Customs (BoC) surpassed its revenue target for 2023 amid improved collection, trade facilitation and anti-smuggling activities, the Department of Finance (DoF) said on Monday. Data from the DoF showed that the […]
MMFF 2023 grosses P1B, extends theatrical run
1 of 3 THE 49th Metro Manila Film Festival (MMFF) has extended its run to Jan. 14, with the box office take double that of last year’s festival. The extension was decided upon “in response to the public clamor,” MMFF said in a statement. “We at the MMFF would like […]
Meralco sees slight increase in generation charge for January
PHILIPPINE STAR/ MICHAEL VARCAS POWER distributor Manila Electric Co. (Meralco) is expecting a slight increase in the cost of power from suppliers this January, the company’s spokesman said on Monday. “We are still completing the billing from our suppliers, but initial indications show that there may be a very minimal […]
Oppenheimer starts Oscars march with 5 Golden Globe trophies
1 of 2 THE cast of Succession backstage with their Best Television Series – Drama award. MARK RUFFALO leaps with the trophy for Best Performance by a Male Actor in a Supporting Role in a Motion Picture for Poor Things. —DAN MACMEDAN-USA TODAY OPPENHEIMER, the biographical movie about the inventor […]
DMCI Power reports 7% increase in energy sales
OFF-GRID energy generator DMCI Power Corp. (DPC) registered a 7% increase in energy sales volume in 2023 due to higher demand in underserved and unserved areas, its parent company said on Monday. In a regulatory filing, DMCI Holdings, Inc. said that its subsidiary recorded an energy sales volume of 454 […]
Taylor Swift is helping Singapore ditch its dull reputation
1 of 2 TAYLOR SWIFT: The Eras Tour IT IS the thing every mother of a teenage girl dreads. Taylor Swift is coming to your city — and you don’t have tickets. I scoured high and low for what has become a precious commodity in Singapore these days, without success: […]
The rise of revenge property investing in PHL
FIREWORKS explode over Rockwell Center in celebration of the New Year in Makati City, Philippines, Jan. 1, 2024. — REUTERS WE’VE HEARD of revenge spending and dining in 2022 and 2023 and how personal consumption expenditures helped sustain Philippine economic growth the past two years. Filipinos also did a lot […]