Tag: year
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Philippines to post huge twin deficits this year
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THE PHILIPPINES will continue to post large deficits for the current account and budget this year due to an expected increase in rice imports and infrastructure spending, Nomura Global Markets Research said. “We expect the current account deficit (CAD) to remain large and fiscal consolidation targets to be challenging this…
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Philippines’ current account deficit seen to further narrow this year
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THE PHILIPPINES’ current account deficit is seen narrowing further this year amid a more positive global outlook, Fitch Solutions’ unit BMI said. In a report dated June 25, BMI lowered its current account deficit forecast to 2.3% of gross domestic product (GDP) from 2.8% previously. This is narrower than last…
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BSP rate cuts unlikely this year — ANZ
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THERE IS NO ROOM for the Bangko Sentral ng Pilipinas (BSP) to cut rates this year as inflation may still potentially breach the target, ANZ Research said. “Rate cuts in Indonesia and the Philippines are also not on the table this year… In the Philippines, inflation though receding, is still…
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CREC mulls green bond issuance for next year
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CITICORE Renewable Energy Corp. (CREC) is exploring the possibility of issuing green bonds next year, the listed company’s president said. The decision hinges on the prevailing interest rate environment, CREC President and Chief Executive Officer Oliver Y. Tan told reporters on Friday last week. “Most likely (it will be) next…
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Ovialand celebrates 10th year anniversary
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Ovialand, Inc. (“Ovialand”), a real estate developer that provides the Premier Family Living experience to Filipinos, is celebrating its 10th year anniversary by giving back to the communities it has served. These activities include: Supporting the education of 10 scholars who will be studying in vocational schools. These scholars are…
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Huawei Technologies (Mauritius) Co. Ltd. Secures Prestigious Solar Technology Company of the Year Award
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The Solar Week Mauritius 2024, held on May 16, 2024, at the prestigious Royal Green Wellness Resort, Réduit Triangle in Moka, Mauritius, celebrated the exceptional achievements within Mauritius’ solar industry. […] The post Huawei Technologies (Mauritius) Co. Ltd. Secures Prestigious Solar Technology Company of the Year Award appeared first on…
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SMA Group Kicks Off 2024 Fiscal Year with Sales and Profitability in Line with Expectations
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SMA Solar Technology AG completed the first quarter of 2024 in line with expectations. Group sales totaled €361.8 million and were thus at the same level as the previous year (Q1 2023: […] The post SMA Group Kicks Off 2024 Fiscal Year with Sales and Profitability in Line with Expectations appeared first…
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Aboitiz InfraCapital budgets P26B for projects this year
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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…
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PSE eyeing to finish PDS takeover this year
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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…
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Trina Solar US Receives Prestigious Top Energy Innovation of the Year Award
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Trina Solar, a global leader in PV modules and smart energy solutions, is honoured to announce that its Waterloo Terrace project has received the “Top Energy Innovation of the Year […] The post Trina Solar US Receives Prestigious Top Energy Innovation of the Year Award appeared first on SolarQuarter.