While global oil shocks have yet to fully affect the Philippine economy since the flare-up of United States (US)-Iran military hostilities a month ago, the Bangko Sentral ng Pilipinas’ (BSP) minimum inflation assumption is that March accelerated at the fastest pace in at least 19 months. Seen as...
GT Capital Holdings Inc., the Ty family’s flagship investment firm, has infused ₱9.16 billion into its wholly owned property subsidiary Federal Land Inc. through the acquisition of a 20-percent stake in the unit’s joint venture (JV) with Nomura Real Estate Development Co. Ltd. (NRE). In a...
Central banks in emerging markets (EMs), including the Philippines, are seen hiking interest rates to temper weakening currencies and higher capital outflows, according to think tank Capital Economics. Shilan Shah, deputy chief EM economist at Capital Economics, said in a March 30 report that they...
Cigarette smugglers would have hit a jackpot way better than what a lotto biggest prize could offer. But the P2 billion market price of smuggled and illegally-manufactured cigarettes suddenly disappeared after the Philippine National Police (PNP) started busting their distribution networks. PNP...
The Philippine National Police (PNP) is working closely with the Department of Trade and Industry (DTI) and local government units (LGUs) in preventing unauthorized price increase in basic goods especially this Holy Week. PNP chief Gen. Jose Melencio C. Nartatez, Jr. said the move is intended to...
The Armed Forces of the Philippines (AFP) must look beyond traditional combat to ensure their sacrifices lead to a future where Filipinos live with dignity. AFP Chief of Staff, General Romeo S. Brawner Jr. issued this challenge to military and civilian personnel during the flag-raising ceremony at...
Tycoon Isidro A. Consunji has been elected chairman of Dominion Holdings Inc., succeeding SM Investments Corp. President Frederic C. DyBuncio as the Sy and Consunji families rearrange leadership within their joint investment vehicle. In a disclosure to the Philippine Stock Exchange, the firm said...
Petron Corp., the only remaining oil refinery in the country, is once again open to a government takeover, potentially through a partnership with the state-run Maharlika Investment Corp. (MIC). The move comes as the Ramon Ang-led company seeks to address volatile fuel costs, though economists...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), vowed to run after all those involved in the ambush in Maguindanao del Sur on Saturday night, March 28, that left five policemen dead and three others seriously injured. In a strongly worded statement, Nartatez said...
The resetting of the first parliamentary elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is a strategic move to ensure a credible transition to self-governance. Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) Secretary Carlito G. Galvez Jr....
