Tag: bworldonline
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PSE to submit formal PDS buyout offer this week
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THE BANKERS Association of the Philippines (BAP) expects the Philippine Stock Exchange (PSE) to submit this week a formal offer to acquire the Philippine Dealing System Holdings Corp. (PDS Group). “I think we’re expecting a formal offer from PSE, so we expect that maybe (this) week, a formal offer. Then…
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National government gross borrowings fall in June
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THE NATIONAL Government’s (NG) gross borrowings declined by 11% year on year in June as external debt dropped, the Bureau of the Treasury (BTr) reported. The latest data from the BTr showed that gross borrowings in June fell to P148.18 billion from P166.49 billion in the same month a year…
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Ayala, MUFG investments to boost GCash’s planned IPO — analysts
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THE FRESH investments by Ayala Corp. (AC) and Japan’s Mitsubishi UFJ Financial Group (MUFG) in Globe Fintech Innovations, Inc. (Mynt) may help enhance GCash’s operational capabilities and stimulate investor interest in its planned initial public offering (IPO), according to analysts.
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BoI greenlights P202.97 billion investments in July
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The Board of Investments (BoI) approved P202.97 billion worth of investment in July, up 24038% from the P840.9 million investments approved in the same month last year. In a statement on Friday, the BoI said that 30 projects were greenlighted last month which are expected to generate 8,931 direct jobs.…
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Marcos appoints Trade Usec Cristina Roque as Acting Secretary
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Department of Trade and Industry (DTI) Undersecretary for MSME (micro, small, and medium enterprises) Development Group Ma. Cristina A. Roque was appointed as the acting secretary of DTI, according to the Palace. In a statement, the Presidential Communications Office (PCO) said that President Ferdinand R. Marcos, Jr. appointed Ms. Roque…
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DOLE, Jollibee Group join forces to provide jobs to 900 indigent youth
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Jollibee Foods Corporation (JFC) has forged a partnership with the Department of Labor and Employment (DOLE) on the Special Program for Employment of Students (SPES) that will provide short-term job opportunities in the quick-service restaurant industry for 900 underprivileged students, out-of-school youth, and dependents of displaced workers in the Philippines. DOLE…
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Inflation likely rose in July — poll
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HEADLINE INFLATION likely accelerated in July but remained within the central bank’s 2-4% target range, analysts said.
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Manufacturing growth slows slightly in July
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MANUFACTURING GROWTH slowed slightly in July amid weaker expansion in production and orders, S&P Global said on Thursday. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 51.2 in July, easing from 51.3 in June. “The latest index reading signaled only a modest improvement in the health of…
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Hot money outflows hit $27M in June
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MORE SHORT-TERM foreign investments flowed out of the Philippines in June, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the central bank through authorized banks posted a net outflow of $27.26 million. This was a reversal of the $42.86-million net inflow in May,…
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DoE pushes 22 green energy projects for NGCP system impact study
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THE Department of Energy (DoE) said it endorsed 22 renewable power projects to the National Grid Corp. of the Philippines (NGCP) in June for a system impact study (SIS). “In June 2024, the DoE issued 22 SIS endorsements to the NGCP which are all new applications,” the department said in…