Tag: bworldonline
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Gross borrowings jump by 77% in May
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THE NATIONAL GOVERNMENT’S (NG) gross borrowings surged in May amid a rise in external debt due to the dollar bond issuance, data from the Bureau of the Treasury (BTr) showed. The NG’s gross borrowings jumped by 76.7% to P259.334 billion in May from P146.783 billion in the same month a…
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Energy firms to see moderate Q2 growth — analysts
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ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts. The economic recovery is seen to “stimulate industrial and commercial energy consumption, further supporting revenue growth,” Regina Capital Development Corp. Head of Sales…
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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.