Headline inflation eased to its slowest in three years to 2.8% in January from 3.9% in December and 8.7% a year ago. — PHILIPPINE STAR/EDD GUMBAN THE BANGKO SENTRAL ng Pilipinas (BSP) is still prepared to adjust interest rates as necessary amid persistent upside risks to the inflation outlook, a […]
Moody’s Analytics hikes PHL growth forecast
People enjoy a night stroll at a park in Manila, Feb. 13, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN MOODY’S ANALYTICS raised its growth projection for the Philippines to 5.8% this year from 5.4% it gave in January, as strong demand for electronics could spur export growth in Asia-Pacific economies. It […]
‘Not the right time’ to raise wages — NEDA
Men are seen working on a building construction site in Manila. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter THE PROPOSED P100 increase in the minimum wage of private workers may stoke inflation, hurt gross domestic product (GDP) growth and increase unemployment, National Economic and Development […]
ABS-CBN and PLDT cancel Sky Cable deal; reasons undisclosed
ABS-CBN Corp. and PLDT Inc. announced on Thursday a decision to halt the sale of Sky Cable to the Pangilinan-led telecommunications company. “Following this development, Sky Cable is pleased to announce that its cable TV service will continue, assuring its subscribers that they can maintain their subscriptions,” the Lopez-led media […]
AboitizPower raises stake in power plant operator
ABOITIZ Power Corp. (AboitizPower) has increased its equity interest in power plant operator STEAG State Power, Inc. (SPI) to 85%, the power company announced on Thursday. The acquisition involved the purchase of an additional 15.6% equity stake from STEAG Power GmbH, the parent firm of SPI, the first coal-fired power plant in […]
Century Properties completes P2-B share offering
REAL ESTATE developer Century Properties Group, Inc. (CPG) completed its P2-billion Series B preferred shares follow-on offering on Thursday. “We are very pleased with the investors’ reception of our issuance which allowed us to price at the tighter end of the marketing spread and set the dividend rate at 7.5432%,” […]
Friendships and flying bisons at the heart of live-action Avatar: The Last Airbender
FOUR elemental nations — Water, Earth, Fire, and Air — are thrown into conflict when the Fire Nation sets out to gain more power. Only the Avatar, a being who protects the world by using all the elements, can stop them and bring balance back to the world. The current […]
DigiPlus bullish on FTSE index inclusion
LISTED digital gaming company DigiPlus Interactive Corp. on Thursday said its forthcoming inclusion in the FTSE Global Equity Index Series (Micro Cap) is expected to broaden its investor base. “We hope that our addition to the FTSE Global Equity Index Series (Micro Cap) will not only enhance our visibility but also broaden […]
Metrobank’s 2023 profit up 29% on higher rates
METROPOLITAN Bank & Trust Co. (Metrobank) saw its attributable net profit increase by 28.87% year on year in 2023 amid increased interest income from loans due to higher rates and better asset quality. The bank ended 2023 with an attributable net income of P42.238 billion, rising from P32.776 billion in […]
Taylor Swift named IFPI 2023 global recording artist of the year
LONDON — Pop superstar Taylor Swift added another honor to her long list of accolades on Wednesday, winning the global recording artist of the year award for the fourth time from the International Federation of the Phonographic Industry (IFPI), the organization that represents the recorded music industry. IFPI.ORG The “Anti-Hero” […]