A florist arranges a money bouquet at a stall in Manila, Feb 13, 2024. — PHILIPPINE STAR/EDD GUMBAN HEADLINE INFLATION could have picked up in February after hitting an over three-year low in January, as prices of key food items, fuel, and electricity rose, the central bank said on Thursday. […]
NG budget deficit exceeds full-year ceiling in 2023
BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL GOVERNMENT’S (NG) budget gap narrowed in 2023, but exceeded the ceiling as both revenues and expenditures surpassed the programs, the Bureau of the Treasury (BTr) said. Data from the BTr released on Thursday showed that the budget deficit […]
MWSS ‘confident’ water allocation will be stable in April, May
A vendor arranges a display of water containers for sale in Bacoor, Cavite in this file photo taken on July 10, 2023. — PHILIPPINE STAR/EDD GUMBAN By Sheldeen Joy Talavera, Reporter THE METROPOLITAN Waterworks and Sewerage System (MWSS) is confident that the raw water allocation for Metro Manila will be […]
Maharlika Investment Corp. seeking to raise $1 billion for energy projects
THE MAHARLIKA Investment Corp. (MIC) is looking to raise $1 billion for energy projects, one of its priority investment areas, according to its chief executive. “I’ll be requesting approval from the board to raise about $1 billion of separate funding purely for energy,” MIC Chief Executive Officer and President Rafael […]
Monzon: PSE still bullish on IPO goals this year despite CREC’s delay
BW FILE PHOTO By Ashley Erika O. Jose, Reporter THE PHILIPPINE STOCK Exchange (PSE) remains optimistic about achieving its target of six initial public offerings (IPOs) this year despite one company set to go public in the first quarter delaying its listing, its top official said. “I think we can […]
SMIC eyes more opportunities in provincial areas for core businesses
SM INVESTMENTS Corp. (SMIC) sees growth opportunities in provincial areas for its core businesses, the company’s president said. “Each of our core businesses will continue to grow, particularly in the provincial areas, whether it be the banking, the property, or the retail. But more importantly, our portfolio companies are where […]
CLI eyes increased capex budget for 2024
CEBU LANDMASTERS, Inc. (CLI) is eyeing to increase its capital expenditure (capex) budget this year to fund the company’s major projects, its president said. “Our capex should be in the region of about last year’s; we were at P13 billion. For 2024, we have not concluded that yet, but it […]
Seeing Manila through its many battles
1 of 2 By Brontë H. Lacsamana, Reporter ASIDE from being the month of love and the arts, many Filipinos are not aware that February was also a very bloody month in our history. Seventy-nine years ago, it was a month that saw the destruction of Manila by bombs and […]
D&L Industries net income down 31% in 2023
LISTED oleochemicals and specialty food ingredients manufacturer D&L Industries, Inc. logged a 31% decline in its 2023 net income to P2.3 billion from P3.32 billion in 2022 due to high interest and depreciation expenses associated with the company’s Batangas manufacturing plant as well as inflation. In a regulatory filing on […]
PXP Energy to pursue talks with gov’t on petroleum exploration
PANGILINAN-LED PXP Energy Corp. said on Thursday that it would continue to coordinate with the government to resume exploration activities at petroleum blocks in the West Philippine Sea. “Each of PXP Energy Corp. and Forum Energy Ltd. will continue to coordinate with the government on the possible resumption of activities […]