Tag: bworldonline
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Pascual resigns as Trade chief
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TRADE Secretary Alfredo E. Pascual has resigned from his post to return to the private sector, according to the Presidential Communications Office (PCO). In a statement, the PCO said President Ferdinand R. Marcos, Jr. accepted Mr. Pascual’s resignation during a meeting at the Palace. “His focus on micro, small, and…
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Gov’t looking to raise $500 million from Samurai bonds
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THE PHILIPPINE government is eyeing to raise about $500 million (P29.22 billion) from an offering of Japanese yen-dominated bonds within the year, Finance Secretary Ralph G. Recto said on Tuesday.
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BMI says Philippine consumer spending to accelerate this year
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HOUSEHOLD CONSUMPTION is seen to accelerate this year amid easing inflation, Fitch Solutions’ unit BMI said. “We hold a positive outlook for consumer spending in the Philippines in 2024 and 2025,” it said in its latest commentary. “While household spending already recovered to the pre-COVID levels in 2022, the rate…
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BPO, traditional firms likely to lift office market after POGO exit
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INFORMATION TECHNOLOGY and business process management companies as well as traditional offices are expected to pick up the slack as Philippine offshore gaming operators (POGOs) are set to vacate offices around the country, real estate consultants said.
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PHL not ready to continue stock mart trading during typhoons — analysts
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THE Philippines is not ready to implement continuous stock market trading during typhoons as technical adjustments are required, analysts said.
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Kinetix Lab launches ‘Strong is Beautiful’ campaign: Strong women, strong community
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Strong women unite for a day of exercise and camaraderie at Kinetix Lab One Ayala Neither inclement weather nor the dreadful traffic on the Metro did anything to discourage the participants of the “Strong is Beautiful” Campaign Launch, which took place on July 22, 2024 at Kinetix Lab One Ayala.…
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DoF to wait for rate cuts before borrowing abroad
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THE PHILIPPINE government will wait for rate cuts from the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) before its planned external borrowings next year, according to the Finance chief.
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NG debt hits new high of P15.48-T
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THE NATIONAL Government’s (NG) outstanding debt jumped to a fresh high of P15.48 trillion as of end-June, reflecting the impact of the peso depreciation against the US dollar, the Bureau of the Treasury (BTr) said.
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Philippines a clear laggard in tourism recovery
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THE PHILIPPINES is still lagging behind its Southeast Asian neighbors in its tourism recovery, as Chinese tourists continue to stay away, Bank of America (BofA) Global Research said. “The Philippines is lagging considerably behind, with tourist arrivals below 70% of 2019 levels,” it said in a report dated July 29.…
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Gov’t allots P1.28-T for infrastructure in 2025
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THE NATIONAL Government (NG) is expected to spend P1.28 trillion on infrastructure and capital outlays next year, the Department of Budget and Management said. Under next year’s Budget of Expenditures and Sources of Financing, infrastructure and other capital outlays are expected to jump by 3.04% from P1.24 trillion this year.…