Tag: bworldonline
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Alternergy starts building P10-B Tanay Wind Power Project
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ALTERNERGY Holdings Corp. announced on Wednesday the start of the construction of its 112-megawatt (MW) Tanay Wind Power Project in Rizal. The company, through its subsidiary Alternergy Tanay Wind Corp. (ATWC), aims to attain additional capacity by the end of 2025, Alternergy said in a statement. “There will be a…
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BSP may cut policy rate before Fed
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THE Bangko Sentral ng Pilipinas (BSP) can cut its policy rate before the US central bank despite a volatile peso, Governor Eli M. Remolona, Jr. said on Tuesday.
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NEDA board OKs low tariff regime amid rising prices
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THE BOARD of the National Economic and Development Authority (NEDA) has approved a medium-term plan to lower tariffs on agricultural and industrial products, as the Philippines struggles with rising prices and declining factory performance.
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WB keeps PHL growth projection for 2024, 2025
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THE WORLD BANK (WB) kept Philippine growth forecasts for 2024 and 2025 amid improved global conditions and better trade, but said delayed policy easing and China’s property sector woes pose risks to the outlook.
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Finance secretary wants to keep original revenue goals
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THE government is still looking at keeping its revenue goals for the year, Finance Secretary Ralph G. Recto said on Tuesday, after the Development Budget Coordination Committee (DBCC) cut the targets for the Tax and Customs bureaus. “Those are DBCC numbers,” he told BusinessWorld in a Viber message. “We haven’t…
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A life born from comics
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LONG before the advent of smartphones and television, people were entertained by comic books, known locally as komiks. In the 1980s, artist Reynold Dela Cruz spent his childhood along the train tracks or riles in Muntinlupa, a crossing of many things, people, and places. Among them was his own mother…
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PHINMA Corp. signs JV for P2-B cement plant in Davao del Norte
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DEL ROSARIO-LED conglomerate PHINMA Corp. said its subsidiary has signed a joint venture (JV) deal with Anflo Management and Investment Corp. (ANFLOCOR) to build a P2-billion cement manufacturing plant in Davao del Norte. PHINMA’s subsidiary Philcement Corp. and ANFLOCOR are building the facility to support Mindanao’s growth, the listed conglomerate…
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BSP may start easing by Q4
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THE BANGKO SENTRAL ng Pilipinas (BSP) will likely begin easing by the fourth quarter when inflation is expected to have firmly settled within target, Metropolitan Bank & Trust Co. (Metrobank) said. “In line with the BSP’s guidance, we forecast domestic headline inflation to peak in July, which in turn would…
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May manufacturing growth slows
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FACTORY ACTIVITY in the Philippines expanded at a slower pace in May as employment fell for the first time in five months, S&P Global said on Monday.
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JG Summit working to weather short-term headwinds — Gokongwei
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JG Summit Holdings, Inc. President and Chief Executive Officer (CEO) Lance Y. Gokongwei on Monday expressed cautious optimism amid challenges posed by high fuel prices, interest rates, and foreign exchange fluctuations. “While we remain cautious given short-term headwinds from elevated fuel prices, interest, and foreign exchange rates, we continue to…