Tag: bworldonline
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Cebu Pacific may finalize aircraft order by June
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BUDGET CARRIER Cebu Pacific, operated by Cebu Air, Inc. is expected to announce its supplier for the airline’s $12-billion aircraft order by June, the company’s top official said on Wednesday. “[We have] not yet selected. We will make the announcement, I think, in the next couple of months. Maybe by…
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Peso hits 58:$1 as Fed stays hawkish
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THE BANGKO SENTRAL ng Pilipinas (BSP) warned it will intervene in the foreign exchange market as the Philippine peso on Tuesday closed at the 58-per-dollar level for the first time in over 18 months.
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Philippines’ BoP deficit widens
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THE COUNTRY’S balance of payments (BoP) deficit widened in April as the government paid back foreign debt and the trade balance remained in a deficit, the Bangko Sentral ng Pilipinas (BSP) said. Data from the central bank showed the BoP position widened to a $639-million deficit in April from the…
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Infrastructure spending increased by 15% in March, says Budget dep’t
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STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.
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Filipinos now spending more on home redesign post-COVID
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THE GLOBAL coronavirus pandemic has forced Filipinos to rethink spaces and redesign certain areas of their home to make these more work-friendly.
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PHINMA Corp. to acquire Petra Cement for P500 million
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LISTED conglomerate PHINMA Corp. said it will acquire cement manufacturer Petra Cement, Inc. for P500 million to strengthen its cement business. The conglomerate, through its subsidiary Philcement Corp., signed a share purchase deal on May 20 with Petra Cement, PHINMA Corp. said in a stock exchange disclosure on Tuesday. “Philcement…
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DMCI Holdings looking to add copper, gold, coal mining assets
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LISTED conglomerate DMCI Holdings, Inc. said it is exploring new copper, gold, and coal assets to boost its mining business. “We’re currently looking at large mining assets, probably copper and gold, and maybe an additional coal mine in Mindanao, if possible, provided that it is open pit,” DMCI Chairman and…
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BatStateU launches Philippines’ NEED program to redefine future of engineering education
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Batangas State University (BatStateU) launched the Philippines’ National Engineering Education Development (NEED) Program last May 8, marking a transformative step forward in the advancement of engineering education in the Philippines. Positioned to significantly contribute to the development of highly skilled engineers and professionals who will drive the nation’s progress and…
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Keppel Philippines Holdings to hold annual stockholders’ meeting remotely on June 14
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BSP has room to ease before Fed
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THE BANGKO Sentral ng Pilipinas (BSP) still has room to cut rates before the US Federal Reserve, analysts said, but warned of such a move’s impact on the peso.