Tag: bworldonline
-
SMIC, SM Prime to create maiden $3-B notes program
•
SM Investments Corp. (SMIC) and its property unit SM Prime Holdings Inc. are tapping the overseas market through a maiden $3-billion euro medium-term note (EMTN) program, the largest issuance of its kind by a Philippine company, company officials said on Tuesday. The funds will help the company’s future requirements, SMIC…
-
PHL vehicle sales growth slows in March
•
By Justine Irish D. Tabile, Reporter PHILIPPINE AUTOMOTIVE sales rose by 1.6% to 37,474 units in March, the slowest in over two years amid elevated interest rates, an industry report showed. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA)…
-
PEZA approves P15-B investments in April
•
THE PHILIPPINE Economic Zone Authority (PEZA) approved 23 projects worth P15 billion, mostly in manufacturing, at its board meeting last week, its top official said. Of the 23 projects, eight were in manufacturing while six were in information technology and business process management (IT-BPM). The board also greenlit six economic…
-
Aboitiz InfraCapital budgets P26B for projects this year
•
ABOITIZ InfraCapital, Inc. announced on Monday that it is setting aside P26 billion for its capital expenditure (capex) budget this year to fund the company’s economic estate development and other expansion projects. These funds will be used for the company’s economic estate development and other expansion projects, said Jose Emmanuel…
-
Philippines’ January external debt service more than doubles
•
THE PHILIPPINES’ external debt payments more than doubled in January as principal payments surged, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s external debt service burden soared by 110% to $1.729 billion from $823 million a year ago. The debt service…
-
Inflation uptick unlikely in April, says NEDA official
•
HEADLINE INFLATION is unlikely to accelerate in April amid the harvest season, although risks from the El Niño dry spell remain, a National Economic and Development Authority (NEDA) official said on Monday. “We’re hoping that it (inflation) will be good because we’re already harvesting,” NEDA Undersecretary Rosemarie G. Edillon told…
-
PSE eyeing to finish PDS takeover this year
•
THE Philippine Stock Exchange (PSE) said it is hoping to finalize the planned takeover of the Philippine Dealing System Holdings Corp. (PDS) within the year. “I hope it could be closed by this year. This is not complicated. We will only talk to a few shareholders,” PSE President and Chief…
-
Debt service bill falls by 22% in Feb.
•
THE NATIONAL Government’s (NG) debt service bill fell by 21.9% in February due to a drop in amortization payments, the Bureau of the Treasury (BTr) said.
-
DA told to ease agri import process
•
PRESIDENT Ferdinand R. Marcos, Jr. ordered the Department of Agriculture (DA) to ease the importation process of agricultural products, including allowing industrial users to directly import sugar. Signed by Mr. Marcos on April 18, Administrative Order (AO)No. 20, directed the DA, in coordination with the departments of Finance and Trade,…
-
Many Filipino PWDs still struggle to join the workforce, remain poor
•
TRIVOR U. LATAYAN, 29, has been working as a bank accounting associate at Bayer Business Services Philippines, Inc. in Manila since 2019.