Zobel-led Ayala Corp. continues to expand its investments in the retail business by partnering with CP AXTRA, Asia’s leading operator of wholesale and retail businesses, including Makro and Lotus, to bring the “big box” Makro stores to the Philippines. Pilipinas Makro, a joint venture between...
The Marcos administration is confronting corruption head-on, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the government’s chief economist. Balisacan told Manila Bulletin on Monday, Sept. 22, that the government is seeking public support to...
The way Filipinos work has shifted, with more professionals choosing remote or hybrid setups over the traditional 9-to-5. Rising rental costs have also pushed startups and small businesses to seek more practical alternatives to dedicated offices. Responding to this need is AXS Aseana, a newly...
The Philippines has been placed on a positive watchlist by J.P. Morgan Chase & Co. for potential inclusion in its influential emerging market government bond index, a move that could attract a new wave of foreign investment and lower the nation 's borrowing costs. In a statement on Monday,...
Aboitiz Equity Ventures Inc. (AEV), the investment arm of the Aboitiz Group, announced that its 40-percent-owned affiliate Coca-Cola Europacific Aboitiz Philippines (CCEAP) is building its largest Philippine plant at TARI Estate in Tarlac City. CCEAP’s state-of-the-art, 42-hectare (ha)...
Despite last month’s spike in consumer prices, the steady decline in rice costs is seen to keep a lid on inflation, with the Bangko Sentral ng Pilipinas (BSP) expecting it to average below two percent this year. Inflation quickened to 1.5 percent in August from 0.9 percent in July—the slowest...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
While the Bangko Sentral ng Pilipinas (BSP) has signaled one more interest rate cut by year-end following the widely expected 25-basis-point (bp) reduction on Thursday, Aug. 28, the central bank chief said the next move could mark the end of the easing cycle. “With the data we’re looking at...
The buzz is back, and it is all about words! The SM Super Spelling Bee is making its much-awaited return this year, inviting young spelling champs from across the country to take the stage, test their skills, and have a whole lot of fun. After a successful debut last year, this year’s competition...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
