Inflation slowed to 2.8% in January, the statistics agency reported. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Keisha B. Ta-asan, Reporter HEADLINE INFLATION sharply decelerated to an over three-year low of 2.8% in January, marking the second straight month it fell within the Bangko Sentral ng Pilipinas’ (BSP) 2-4% target range. […]
DBCC reviewing revenue, expenditure targets
BUDGET SECRETARY Amenah F. Pangandaman attends the meeting of the Development Budget Coordination Committee, Feb. 5, 2024. — DEPARTMENT OF BUDGET AND MANAGEMENT THE Development Budget Coordination Committee (DBCC) is reviewing current data to see if there is a need to revise revenue and disbursement assumptions, according to the Budget […]
Treasury eyes at least P30B from retail bonds
REUTERS THE GOVERNMENT is looking to raise at least P30 billion from its first retail Treasury bond (RTB) offering for 2024. In a notice on its website, the Bureau of the Treasury (BTr) said it is planning to sell at a minimum P30 billion worth of five-year RTBs due 2029 […]
Customs surpasses January collection target by 2%
Agents from the Bureau of Customs – Customs Intelligence and Investigation Service inspected a sugar warehouse in Quezon City, Aug. 23, 2022. — COURTESY OF BUREAU OF CUSTOMS THE BUREAU of Customs (BoC) said it collected P73.329 billion in duties in January, surpassing its target for the month and its […]
PCC clears Lopez’s acquisition of Casecnan Power Plant
THE Philippine Competition Commision (PCC) has cleared the acquisition of Lopez-led First Gen. Corp.’s subsidiary of the Casecnan Hydroelectric Power Plant (CHEPP), saying it will not affect market competition. “The Commission en banc on Jan. 25, cleared Fresh River… to take over the Casecnan plant seeing that the transaction would […]
Panasonic Manufacturing resumes production in Sta. Rosa
LISTED appliance manufacturer Panasonic Manufacturing Philippines Corp. said it resumed production at its plant in Sta. Rosa, Laguna, following a fire in December. In a regulatory filing, Panasonic said that it commenced electric fan production on Tuesday, with its washing machine production scheduled to begin in March. Sales of electric […]
Apex Mining taps First Gen to power mining operations
APEX Mining Co., Inc. on Tuesday said that it had partnered with Lopez-led First Gen Corp. to increase its use of renewable energy in the company’s mining operations in Davao de Oro. “This will allow the company to have uninterrupted, reliable energy for its daily mining operations with a much […]
SEC clears Century Properties Group’s offering
LISTED CENTURY Properties Group, Inc. (CPG) has secured the green light from the Securities and Exchange Commission (SEC) for the company’s follow-on public offering of up to 40 million Series B preferred shares. The company received the certificate of permit to offer securities for sale on Feb. 5, CPG said […]
Ballet Manila stages beloved classics and Filipino stories for 26th season
LE CORSAIRE will star Ballet Manila principal dancers Abigail Oliveiro as Medora, Mark Sumaylo as Conrad, and Joshua Enciso as Ali. — BRONTË H. LACSAMANA THINGS have been difficult these past few years for Ballet Manila. It has had to deal with rebuilding its theater after it burned down, the […]
Monet’s paintings as an immersive adventure
IN the spacious Bonifacio Global City (BGC) Arts Center, the sights and sounds of 19th-century Europe light up the walls of the exhibition space, now a large-scale canvas for the works of impressionists like Claude Monet, Camille Pissarro, Pierre-Auguste Renoir, Paul Cézanne, and Edgar Degas. Grande Experiences is responsible for […]