Tag: bworldonline
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Arthaland nears deal for two acquisitions
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LISTED property developer Arthaland Corp. said it is nearing a deal to acquire two properties for development over a 10 to 15-year period. “We’ve made significant gains in steps to close and finalize the acquisition of these properties,” Arthaland Executive Vice-President Christopher G. Narciso said during the company’s annual stockholders’…
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McDonald’s Philippines MBraces all with ‘Love Ko All’ campaign
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McDonald’s Philippines is painting the town [and its restaurants], with rainbow colors this Pride Month. Going beyond its iconic arches, McDonald’s is celebrating diversity and inclusivity with special meal deals, informative podcasts, and activations in various Pride events. Since 2021, Love Ko All has been the brand’s Pride platform which…
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PHL wholesale, NCR retail price growth slower in May
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Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by…
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Horizon Land tops off second tower of Siena Tower in Marikina
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Horizon Land, the smart value brand of Federal Land, Inc., celebrated another milestone with the topping off ceremony of the second tower of Siena Towers. This marked a pivotal moment in its dedication to providing practical and sensible homes in prime locations for Filipino families. “The completion of Siena Towers…
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Evaluating current prospects of the Philippine economy
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By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor Though the Philippine economy remained robust in the face of global headwinds last year, for many, expectations had been tempered regarding its prospects. For the whole year, gross domestic product (GDP) growth was recorded at 5.6%, failing to meet…
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DBCC proposes P6.35-trillion budget for 2025
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THE Development Budget Coordination Committee (DBCC) is proposing a P6.352-trillion national budget for 2025, a 10% increase from this year’s P5.768-trillion budget. The National Government’s (NG) spending plan for 2025 is equivalent to 22% of gross domestic product. “We will present it to the full Cabinet on July 2 and…
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BSP stands pat, signals rate cut in Aug.
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THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady for a sixth straight meeting on Thursday but signaled that a rate cut at its next meeting in August is “somewhat more likely than before,” with up to 50 basis points (bps) in easing likely this year.
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NG budget gap widens in May
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THE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said. The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago. Month on month, this was a reversal…
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DA to allow 200,000 MT of refined sugar imports
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THE Department of Agriculture (DA) said it is planning to allow imports of around 200,000 metric tons (MT) of refined sugar to fill a projected supply gap during the off-milling season.
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DBCC keeps growth targets until 2028 despite external headwinds
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ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…