THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to delay its policy easing as upside risks to inflation have worsened, but rate hikes are unlikely, HSBC Global Research said. “The easing cycle may be delayed, but we don’t think there will be any rate hikes ahead with non-monetary policies at […]
NCR economic output grew by 4.9% in 2023
METRO MANILA’S economic output expanded by 4.9% in 2023, the slowest pace in two years, due to base effects and weaker output of key sectors, the Philippine Statistics Authority (PSA) said on Thursday. Preliminary PSA data on the latest regional accounts showed that the National Capital Region’s (NCR) economic growth […]
Middle East tensions may impact OFW remittances, inflation
Analysts warned that oil prices may spike amid the unrest in the Middle East. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter THE ONGOING Israel-Iran conflict may hurt remittances from Middle East-based overseas Filipino workers (OFWs), as well as increase volatility in oil prices that may stoke inflation, analysts said. […]
PHL’s ongoing transition to a cashless society
Photo from freepik/macrovector In a country with strong digital presence, many Filipinos has adopted digitalization into their lifestyles. An apparent evidence of this is the growing adoption of digital payments among individuals and businesses, which is paving the way towards a cashless society. Aiming for the country’s transition towards a […]
Megaworld targets to open P1.2-B Mactan World Museum by 2027
TAN-LED property developer Megaworld Corp. said it is building a P1.2-billion modern museum inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The company aims to complete and open the Mactan World Museum by 2027, Megaworld said in a statement to the stock exchange on Thursday. The museum will […]
Megawide bags contract to build Landers Aseana City
SAAVEDRA-LED Megawide Construction Corp. has secured the contract to build a new Landers Store in Aseana Business Park, Parañaque City. Landers Aseana is an 18,710.91 square meter development, with construction expected to be finished by March 2025, Megawide said in an e-mailed statement on Thursday. The ceremonial concrete pouring for […]
Cruising through challenges
Photo from Freepik Much like a reliable SUV trekking through a bog, the Philippine automotive industry has recently been trudging along the twists and turns of the global economy, facing challenges head-on while maintaining a steady pace. While the Philippine economy’s resilience keeps it pushing along, the obstacles are taking […]
SPC Power board OK’s sale of Bohol Light shares to Razon’s Primelectric
SPCPOWERGROUP.COM SPC Power Corp. said its board of directors has approved the sale of its shares in Bohol Light Co., Inc. to Primelectric Holdings, Inc. for nearly P200 million. The company holds a total of 29.93 million common shares priced at P6.67 per share, totaling P199.5 million in Bohol Light, […]
Filinvest REIT expects to power 94% of office buildings with RE soon
FILINVEST REIT Corp. (FILRT) expects that 94% of its office building portfolio will soon transition to renewable energy (RE) sources, the Gotianun-led company said on Thursday. Filinvest Three in Muntinlupa City has qualified for the Green Energy Option Program (GEOP) and seeks to be powered by 100% renewable energy by […]
Navigating the latest automotive trends
Photo from vectorjuice on Freepik As we continue on the highway of 2024, the automotive industry stands at the crossroads of innovations and shortages, with new challenges and opportunities that it may face in the coming months. This year promises to be filled with exciting developments, more sustainability options, and […]