Inflation likely accelerated in February as prices of food and power increased. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter HEADLINE INFLATION likely quickened in February amid higher prices of key commodities like food, electricity and fuel, analysts said. A BusinessWorld poll of 16 analysts yielded […]
Gross borrowings hit P2.19 trillion
BW FILE PHOTO THE NATIONAL GOVERNMENT’S (NG) gross borrowings increased to P2.193 trillion in 2023 amid a rise in external debt, the Bureau of the Treasury (BTr) reported. Data from the BTr showed that total borrowings went up by 1.38% last year from P2.163 trillion in 2022. This was also […]
AMLC expects more investigations into terrorism financing
Philippine peso bills are pictured being received at a money remittance center in Makati City, Sept. 19, 2018. — REUTERS THE ANTI-MONEY Laundering Council (AMLC) is optimistic that government agencies will be able to increase the number of investigations and prosecutions of cases related to dirty money, which could help […]
P2 trillion worth of investment leads as of January — BoI
THE BOARD of Investments (BoI) has around P2 trillion worth of investment leads, mostly in renewable energy, as of January, an official said. Ma. Corazon Halili-Dichosa, executive director of BoI’s Industry Development Services, said these investment leads comprise 331 projects, which are mostly in the renewable energy sector. “As of […]
Working hand-in-hand for financial and digital inclusivity
By Bjorn Biel M. Beltan, Special Features and Content Assistant Editor In a significant move towards enhancing productivity and fostering inclusivity in the Philippine banking sector, the Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines, Inc. (BAIPHIL) recently formalized their long-standing partnership through the signing of […]
MGen, AboitizPower, and SMGP sign $3.3-B deal for Batangas LNG facility
SANMIGUEL.COM.PH PANGILINAN-LED MERALCO PowerGen Corp. (MGen), Aboitiz Power Corp. (AboitizPower), and Ang-led San Miguel Global Power Holdings Corp. (SMGP) have forged a deal worth $3.3 billion, or around P168 billion, to establish an integrated liquefied natural gas (LNG) facility in Batangas. The collaboration is expected to augment the country’s power […]
One for the road
1 of 6 By Dylan Afuang HERE’S THE ONE — perhaps named after MG’s centennial this year — the brand’s latest compact crossover that local distributor SAIC Motor Philippines boasted as delivering advanced technologies and a sharp look. Previewed locally late last year alongside the battery electric Cyberster, the One […]
Paris Fashion Week: Animal rights activists, biker boots, and faux fur
1 of 3 PARIS — Animal rights activists from People for the Ethical Treatment of Animals (PETA) disrupted Victoria Beckham’s runway show at Paris Fashion Week on Friday. The activists entered the runway as the models were walking down it, holding up placards that read “Viva Vegan Leather” and wearing […]
SMIC aims to open 3-4 malls this year
SM City Sto. Tomas is SM’s 85th mall and fourth in the province of Batangas. A UNIT of SM Investments Corp. (SMIC) is targeting to open three to four new malls this year. The malls will be opened in provinces, Timothy Daniels, SMIC consultant for investor relations and sustainability, said […]
Diamond Auto, Legado Motors consolidate Dongfeng’s EV offerings
1 of 6 By Kap Maceda Aguila THE DIAMOND Auto Group EV Corp. and Legado Motors, Inc. — which distribute Dongfeng commercial electric vehicles (EVs) and passenger electric vehicles, respectively — recently signed a memorandum of understanding that paves the way for the consolidation of their portfolios. In a release, […]