Tag: bworldonline
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APM LEAD Executive Summit 2024: Uniting visionary leaders for sustainable progress
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On May 10, 2024, Erudite Reliability Services OPC hosted its first Executive Summit, a premier event for leaders in asset-intensive industries. The event aimed to accelerate progress towards the UN Sustainable Development Goals (SDGs) by unifying leaders and innovators to collaborate and talk about Sustainable Futures: “Pathways to Progress: Unifying…
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Jobless rate rises to 3-month high
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THE PHILIPPINE unemployment rate climbed to a three-month high in April, while the quality of jobs deteriorated, the Philippine Statistics Authority (PSA) reported on Thursday.
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BSP likely to keep policy stance tight
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THE BANGKO SENTRAL ng Pilipinas (BSP) is still likely to keep its policy settings tight even as inflation settled within the target for a sixth straight month in May.
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PEZA says it approved P6.87 billion worth of projects in May
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THE PHILIPPINE Economic Zone Authority (PEZA) approved 22 new and expansion projects worth P6.87 billion in May, with the value dropping 54% from a year ago. In a statement on Thursday, the investment promotion agency (IPA) said the approved investments last month are expected to generate $100.81 million in exports…
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Two million Filipino children living in severe food poverty — UNICEF
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AROUND TWO MILLION Filipino children are living in severe food poverty, putting them at risk of malnutrition, according to a new report by the United Nations Children’s Fund (UNICEF). In a report entitled “Child Food Poverty: Nutrition deprivation in early childhood,” UNICEF said 18% of Filipino children under five years…
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RLC to boost REIT unit with P33.9-B asset infusion
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GOKONGWEI-LED Robinsons Land Corp. (RLC) will infuse 13 commercial assets into its real estate investment trust (REIT) unit in exchange for P33.9 billion worth of primary common shares under a property-for-share swap deal.
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Lower rice tariffs to bring down retail prices as early as July
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THE GOVERNMENT’S move to slash tariffs on imported rice could bring down average retail prices by P6-P7 per kilo as early as July, the Department of Agriculture (DA) said on Wednesday. “The potential price reduction will be between P6 and P7 per kilo… In a month’s time we can expect…
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Inflation picks up to 6-month high
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By Luisa Maria Jacinta C. Jocson, Reporter INFLATION ACCELERATED to a six-month high in May, driven by the faster rise in utility and transport costs, the Philippine Statistics Authority (PSA) said on Wednesday. The consumer price index (CPI) picked up to 3.9% year on year in May from 3.8% in…
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Government warned against low tariff regime
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TRADE PROTECTION is needed if the government is serious about rescuing its agriculture and manufacturing sectors, experts said after the Philippines announced a new low tariff regime covering industrial and agricultural products.
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HSBC sees above 6% growth for PHL in Q2
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THE PHILIPPINE ECONOMY is expected to grow above 6% in the second quarter amid base effects and improved government spending, HSBC Global Research said on Wednesday. “For the second quarter, [the economy is] going to grow above 6%, mainly because of base effects, because as you remember, in second quarter…