The Bangko Sentral ng Pilipinas (BSP) now expects the Philippine economy to expand below five percent this year, citing the erosion of investor confidence stemming from concerns over the governance of the government 's flood control fund. BSP Governor Eli M. Remolona Jr. told reporters on the...
PHINMA Community Housing (CoHo), the low-income housing segment of PHINMA Corp., expects to commercially launch its first project units in the first half of next year. The firm recently broke ground on the site in Tugbok District, Davao City. CoHo aims to provide 500 affordable homes for...
Ayala Land Inc. (ALI) raised ₱4.19 billion from the sale of shares in its real estate investment trust, AREIT Inc., boosting its public float as it prepares for a fresh asset infusion. In a disclosure to the Philippine Stock Exchange (PSE), ALI said it sold 100 million AREIT common shares at...
The country’s chief economist expressed a less optimistic outlook for third-quarter growth, noting that both domestic—including the flood control corruption scandal—and external economic conditions may have influenced the possibly dismal performance. “I am not as optimistic as I used to, or...
Real estate giant Ayala Land Inc. (ALI) is infusing into AREIT Inc. (AREIT) two malls—Ayala Malls Feliz in Pasig City and Ayala Center Cebu—worth ₱19.5 billion in exchange for new shares, so that retail will now account for over half of the real estate investment trust’s (REIT) portfolio....
SM Investments Corp., the flagship of the SM group, has once again earned the prestigious 5 Golden Arrow Award from the Institute of Corporate Directors (ICD) for the second consecutive year for achieving the highest distinction in corporate governance excellence. The ICD 2025 Golden Arrow Awards...
For over a decade, H&M has been providing Filipinos with everyday style fixes through its numerous stores across the country. Until now, fans of the brand have only seen its latest collections on store shelves after their international debuts. This time, the Swedish fashion giant reinforces its...
On Oct. 3, 2025, I had the privilege of meeting with the relatives and friends of Celestino M. Dizon, one of the pioneering Filipino entrepreneurs in gold and copper mining. The gathering at the University of Asia and the Pacific (UA&P) celebrated two things: the construction of the Celestino Dizon...
Due to the pessimistic outlook from businesses related to flood control concerns, the Bangko Sentral ng Pilipinas (BSP) has lowered its growth projection for next year to 5.3 percent, which is below the reduced target of six to seven percent. BSP Governor Eli M. Remolona Jr. revealed in a One News...
Even as the Philippine peso faces pressure from foreign fund outflows, the Bangko Sentral ng Pilipinas (BSP) refuses to defend the local currency unless its depreciation could lead to higher consumer prices. According to the Bankers Association of the Philippines (BAP), the peso weakened by 28.5...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. struck a more dovish tone on the central bank’s policy path, signaling that the latest quarter-point reduction to 4.75 percent may not be the final easing this year. Remolona, in a press briefing on Thursday, Oct. 9, backtracked on...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. assured that, despite a liquidity hit, the Philippine banking system remains resilient against bank runs, following the freezing of nearly 730 accounts, with the central bank still in search mode for more suspicious accounts....
