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MB exec bats for tariff reprieve in agriculture sector

There is a need to open up the Philippine market by lifting protectionist measures for the agriculture sector and finance product-enhancing initiatives, a member of the Bangko Sentral ng Pilipinas Monetary Board said......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Public warned vs persons posing as BSP employees

The Bangko Sentral ng Pilipinas has cautioned the public against unscrupulous individuals who unlawfully represent themselves as employees or authorized representatives of the central bank amid the holiday season......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Villar bets big on casino

Real estate and retail tycoon Manuel B. Villar, Jr. plans to launch his integrated casino resort early next year......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

PLDT to fast track construction of cable landing stations

Telco giant PLDT plans to fast-track the construction of its cable landing stations in Aurora and Davao as it eyes to invest in three new subsea fiber links set to cross Asia and the Pacific......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Consunji sees power situation to be most challenging next year

Tycoon Isidro Consunji, chairman and chief executive officer of integrated energy company Semirara Mining and Power Corp., said Luzon’s power situation could be faced with back-to-back challenges in the next two years, with 2023 being the “most challenging.”.....»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Market to take cue from inflation results

Investors took profits from the market last week ahead of the release of the November inflation data this week......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Airlines optimistic as aviation recovery continues to take off

The aviation industry expects to close the year on a high note, with roughly nine in every 10 seats booked, but full recovery could be delayed again amid China’s refusal to reopen its borders, and the risk of a global recession heightens......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Planned EO to expedite strategic investments – DTI

The planned executive order aimed at expediting the processing and issuance of permits and licenses for strategic investments is seen to create a favorable business ecosystem in the country, according to the Department of Trade and Industry......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Foreign chambers want zero tariff on hybrid vehicles

Several foreign chambers have expressed support for calls for the government to include hybrid vehicles in the proposed executive order granting zero tariffs on the importation of electric vehicles......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

PAL projects P10 billion net income this year

Philippine Airlines of tycoon Lucio Tan is poised to end the year on a high note, with earnings seen to hit the P10 billion-mark as recovery of air travel is in full swing......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Philippine export growth to lag in Southeast Asia

The Philippines is expected to lag behind most of its Southeast Asian neighbors in terms of merchandise export growth this year and next, according to the United Nations Economic and Social Commission for Asia and the Pacific.....»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

PAVI Green to commission 3 solar projects next year

PAVI Green Renewable Energy Inc. of the Villar Group is targeting to start commercial operations and commissioning of three solar projects next year as it ramps up its portfolio......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Sustaining GDP growth will be challenging

The surprise third quarter performance may not last long as sustaining a strong economic growth next year will be challenging for the Philippines as external headwinds mount......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Survival, expansion top challenges for SMEs

Survival and expansion have been identified as the top challenges for small and medium and enterprises today, according to the World Economic Forum......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Government hikes borrowings to P182.4 billion for October

The government increased its borrowings for the third consecutive month, rising by 25 percent in October largely due to the administration’s first foray into offshore commercial financing......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Dollar drop continues

Last week, the US dollar continued its historic drop from a two-decade high that was touched on Sept. 28......»»

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Cronies wealth fund?

The first thing that came to mind when I heard about plans to put up a sovereign wealth fund is 1MDB. That’s Malaysia’s version and they lost $4.5 billion on bad use of the fund......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

Maynilad allots P4.3 billion to boost water pressure capacity

West Zone concessionaire Maynilad Water Services Inc. is spending P4.3 billion to put up new and repair existing pumping stations and reservoirs to boost water pressure and storage capacity in the next five years......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

PREIT IPO fully subscribed

The initial public offering of the Villar Group’s Premiere Island Power REIT Corp. was fully subscribed as of Friday despite the prevailing market volatility, industry sources said......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News

‘Address problems first before wealth fund’

The Philippines has more serious problems that require immediate solutions rather than focusing on the establishment of a wealth fund that could be a potential source of corruption, according to economic analysts......»»

Source: Philstar PhilstarCategory: Finance2 hr. 20 min. ago Related News