-
PEZA, CAAP sign accord to develop aviation ecozone
The Philippine Economic Zone Authority (PEZA) and the Civil Aviation Authority of the Philippines (CAAP) signed an agreement to cooperate towards the establishment of Aerotropolis Ecozone or aviation-related economic zone utilizing the latter’s idle real estate assets.
-
Factory output fell in Jan. —IHS Markit
The Philippines Manufacturing Purchasing Managers’ Index (PMI) fell to 50.0 in January this year from 51.8 in the last month of 2021 as the local manufacturing sector struggled due to repercussions of typhoon Odette, paired with stricter movement controls amid rising coronavirus cases, the IHS Markit reported.
-
San Miguel wins Meralco 170-MW supply contract
The bid of South Premiere Power Corporation, a subsidiary of SMC Global Power, has been declared the “winning offer” in the 170-megawatt supply procurement of Manila Electric Company (Meralco) that will satiate its peaking power needs especially during the summer months.
-
Converge invests over P100 M for cyber defense
Fiber broadband provider Converge ICT Solutions Inc. invested over P100 million to intensify its network security systems to make the internet a safer place, especially for children.
-
BSP’s TDF raises P621 B
The central bank’s auction of the two-tenor term deposit facility (TDF) attracted P620.91 billion bids on Wednesday, Feb 2, lower compared to the previous P651.56 billion.
-
GIBO wants more support for farmers, business amid growing FTAs
Senatorial aspirant Gilbert “GIBO” Teodoro recognizes the benefits of free trade agreements (FTAs), but the government should boost its support to local farmers and businesses amid rising trade multilaralism.
-
Accelerating financial inclusion through open banking
More and more Filipino adults are maintaining bank accounts thanks to open banking. Open banking allows third-party applications to access and control clients’ accounts, it can transform the consumer experience of financial services in ways that have never been possible before.
-
BSP drafts rules on digital financial marketplace
The Bangko Sentral ng Pilipinas (BSP) is proposing guidelines that will establish the business models and arrangements for the eventual emergence of a digital financial marketplace under the open finance environment.
-
PH urged to deal with systemic risks
Improving public health infrastructure, especially the logistics side, and resolving supply bottlenecks and climate change issues are crucial factors in dealing with emerging systemic risks amid the still ongoing COVID-19 pandemic, according to the central bank-led Financial Stability Coordination Council (FSCC).
-
-
PH should maintain H2 2021 momentum
The Philippines needs to maintain the momentum seen in the second semester of last year to sustain its economic recovery, the Department of Finance (DOF) said.
-
CREIT firms up IPO price at P2.55/share
Citicore Energy REIT Corporation (CREIT) has firmed up its initial public offering (IPO) price at P2.55 per share after it received its permit to sell (PTS) from the Securities and Exchange Commission (SEC) on Wednesday, Feb. 2, for its float of 2,181,819,000 common shares, with an over-allotment option of up to 327,273,000 common shares.
-
Stocks sustain rally at start of Tiger year
The local stock market continued to rise on the back of gains in the US and the easing of quarantine restrictions in the National Capital Region.
-
8990 posts record P20-B sales in 2020
Housing developer 8990 Holdings, Inc. reported a 41 percent hike in gross revenues to a record P20 billion last year from the P14.2 billion generated in 2020.