Tag: may
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MPIC’s dairy expansion may spur investor interest — analysts
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METRO PACIFIC Agro Ventures (MPAV), the agriculture unit of Metro Pacific Investments Corp. (MPIC), is investing in a Bukidnon dairy farm to bolster its dairy operations — a move that analysts expect will stimulate further investment in local dairy production.
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Sky-Converge deal may lead to bigger move — analysts
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THE PARTNERSHIP between Sky Cable Corp. and Converge ICT Solutions, Inc. could evolve into a more significant transaction, especially in light of the canceled deal with PLDT Inc., according to some analysts.
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PCCI warns sudden, haphazard closure of POGOs may lead to ‘massive’ job losses
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THE PHILIPPINE Chamber of Commerce and Industry (PCCI) warned that the sudden closure of Philippine Offshore Gaming Operators (POGOs) in the country could cause “massive” job losses and adversely impact the property and financial sectors. “While PCCI supports the stoppage of POGO operations in the Philippines, it cautioned against a…
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BSP may impose up to P1-M fine for violations of foreign exchange rules
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THE BANGKO Sentral ng Pilipinas (BSP) has approved amendments to the reporting guidelines for foreign exchange (FX) transactions, including the imposition of fines up to P1 million for policy violations. “The Monetary Board has approved further amendments to FX regulations to allow the BSP to gather more accurate and relevant…
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BoI says investment approvals may hit P1.6T this year
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APPROVED investment pledges may hit P1.6 trillion this year, amid expectations of higher inflows of foreign direct investments (FDIs) and the pipeline of green lane-endorsed projects, a Trade official said. Board of Investments (BoI) Managing Head and Trade Undersecretary Ceferino S. Rodolfo said the positive outlook stems from the central…
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Fastest in five months: Cash remittances jump by 3.6% in May — BSP
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MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Debt service bill jumps in May
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THE NATIONAL GOVERNMENT’S (NG) debt service bill jumped year on year in May due to a surge in interest payments, the Bureau of the Treasury (BTr) said. Data from the Treasury bureau showed that debt payments rose by 40.64% to P68.98 billion in May from P49.05 billion in the same…
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Factory output growth slows in May
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MANUFACTURING OUTPUT GROWTH eased in May as production of computer, chemical, and metal products contracted, the Philippine Statistics Authority (PSA) reported on Tuesday.