Tag: bworldonline
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Philippines lags Southeast Asian neighbors in smart tourism index
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By Beatriz Marie D. Cruz, Reporter THE PHILIPPINES lags behind some of its Southeast Asian neighbors in terms of readiness in developing smart tourism ecosystems, hampered by high internet costs and accessibility issues in rural areas, the Asian Development Bank (ADB) said. In a report entitled “Smart Tourism Ecosystem Development…
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Philippines’ main grids placed under red, yellow alerts
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By Ashley Erika O. Jose, Reporter THE PHILIPPINES’ main grids on Wednesday experienced a shortfall of energy supply for the seventh time this month, with a yellow alert being raised over the Mindanao power grid for the first time in 2024. In a statement, the National Grid Corp. of the…
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Asialink Finance plans IPO by 2028
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ASIALINK Finance Corp. (Asialink) is gearing up to conduct an initial public offering (IPO) by 2028, its chief executive officer said on Wednesday. In preparation for this milestone, the finance company is working to strengthen its financial standing, Asialink Chief Executive Officer Robert B. Jordan, Jr. said during a briefing.…
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OceanaGold PHL sets final IPO price at P13.33
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OCEANAGOLD Philippines, Inc. (OGPI) announced on Wednesday the final offer price for its upcoming initial public offering (IPO) at P13.33 per share, falling below the upper estimate of P17.28 per share projected by its parent company OceanaGold Corp. The IPO will consist of 456 million secondary common shares, with the…
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Q1 GDP growth may miss target
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THE PHILIPPINE economy likely continued its growth momentum in the first quarter, although this may fall short of the government’s target, GlobalSource Partners said. “The first quarter is likely to sustain positive economic growth which may not necessarily approximate the official target of 6-7% for at least the first quarter…
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SM Prime marks 30th anniversary with record-breaking income, P100-billion investment for 2024
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SM Prime Holdings, Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a ₱100-billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM…
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Infrastructure spending rises 27% in Feb.
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By Beatriz Marie D. Cruz, Reporter INFRASTRUCTURE spending jumped by 27% in February as the government ramped up road and defense modernization projects, the Department of Budget and Management (DBM) said. In the latest National Government (NG) disbursement report, infrastructure and other capital outlays rose by 26.6% or P16.7 billion…
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Inflation may ease in 2nd half — NEDA
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HEADLINE INFLATION may start easing in the second half of the year as pressure on food prices subsides after the El Niño weather event ends, the National Economic and Development Authority (NEDA) chief said. “In the second half of this year, we expect the pressure from food prices to diminish,…
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Marcos eyes solar-powered post-harvest facilities
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PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the government would set up solar-powered cold storage and other post-harvest facilities southwest of Luzon to help boost farmers’ income after seeking to remove non-tariff barriers to agricultural imports amid rising food prices. “We will put up new cold storages with…
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Manila jumps five spots in Global Green Finance Index
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MANILA moved up five spots in the latest ranking of financial centers based on their green finance performance, according to London-based think tank Z/Yen Group. In the 13th edition of the Global Green Finance Index (GGFI), Manila ranked 69th out of 96 financial centers. This was better than its 74th…