Tag: bworldonline
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Poverty falls to below pre-pandemic level in 2023
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ABOUT 17.54 million Filipinos were living in poverty in 2023, significantly lower from than the nearly 20 million in 2021, the Philippine Statistics Authority (PSA) reported on Monday. Based on preliminary results of the PSA’s Family Income and Expenditure Survey (FIES), the poverty incidence among the population fell to 15.5%…
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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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Central bank, Treasury launch fully automated intraday settlement facility
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THE BANGKO SENTRAL ng Pilipinas (BSP) and Bureau of the Treasury (BTr) have launched a fully automated intraday settlement facility (ISF) to address timing issues and make transactions for banks more efficient. In a statement on Monday, the central bank said it officially rolled out the automated ISF on June…
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Vista Land subsidiary eyes 5-year dollar notes issuance
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VILLAR-LED property developer Vista Land & Lifescapes, Inc. announced on Monday that its wholly owned subsidiary is considering a five-year, dollar-denominated, fixed-rate notes issuance as part of its fundraising efforts. Vista Land’s VLL International, Inc. may issue senior unsecured fixed-rate notes under its $2-billion medium-term note program, the property developer…
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External debt payments fall by 20%
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THE PHILIPPINES’ external debt service burden fell by 19.8% as of end-April as principal payments declined, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the country’s debt service burden on its external borrowings dropped to $4.64 billion in the January-April period…
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Marcos told to get real as he delivers address in his 3rd year
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ARTHUR UGBANIEL, a 29-year-old professional who studied to become a chef, has been operating a motorcycle taxi for about a year now, having failed to find a job that pays well.
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Firms urged to boost IT contingency plans after global tech outage
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THE GLOBAL tech outage caused by a botched software update by a cybersecurity firm CrowdStrike Holdings, Inc. has highlighted the need for companies to enhance and strengthen their information technology (IT) contingency plans, analysts said.
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‘Broader access to indigenous gas needed to boost competition’
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OTHER energy companies should be given access to explore indigenous gas to enhance competition and efficiency, an analyst said.
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5 energy firms eye Laguna hydropower complex — PSALM
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STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) complex in Laguna has attracted five potential bidders. Marubeni Corp., Semirara Mining and Power Corp., Thunder Consortium, First Gen Prime Energy Corp., and Giga Ace 11, Inc. participated in the pre-proposal…
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Gen Z and Millennial stars unite for wide-leg pants
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UNIQLO is trying to make a statement with wide-leg pants, and they did it with a style talk with two stars. During a July 18 event at the SM Mall of Asia, Uniqlo tapped celebrities Jericho Rosales and Donny Pangilinan to talk about their style preferences, along with stylists Cath…