Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
Persistent price pressures are expected to keep the Bangko Sentral ng Pilipinas (BSP) on alert, but foreign observers are now urging a more dovish stance, including a potential year-long pause, following the central bank 's “restrained” rate hike to 4.75 percent. British banking giant...
Worsening political fragmentation in the Senate is emerging as the premier threat to the country’s macroeconomic stability, risking a prolonged period of stagflation as legislative gridlock deepens, according to GlobalSource Partners Inc. In a June 2 commentary, GlobalSource economist Diwa...
The Philippines will soon welcome a new residential landmark designed by Foster + Partners, the globally renowned architecture and design firm behind projects such as the HSBC Building in Hongkong, Apple Park in California and The Gherkin in London. Set to open its doors to homeowners starting the...
An off-cycle policy meeting by the Bangko Sentral ng Pilipinas (BSP) could signal to investors that the central bank is falling behind the inflation curve, potentially triggering further market volatility, according to a former senior policymaker. Diwa Guinigundo, a former BSP deputy governor who...
The Philippines’ investment-grade rating remains intact—holding a notch above the minimum investment grade by Fitch (BBB with a negative outlook) and two notches above the minimum by S&P Global (BBB+ with a stable outlook) and Moody’s (Baa2 with a stable outlook). However, former Bangko...
The Bangko Sentral ng Pilipinas (BSP) should raise its benchmark interest rate by a quarter percentage point on Thursday to combat broadening price pressures that are beginning to weigh on private consumption, according to New York-based GlobalSource Partners Inc. In a commentary released April 22,...
Jollibee Foods Corp., the Philippine dining giant that has aggressively expanded its international footprint, has agreed to acquire South Korea’s Shabu All Day for 125.86 billion won (₱5.1 billion) as it seeks to capitalize on the rapid growth of the global hot pot market. JFC announced on...
The Bangko Sentral ng Pilipinas (BSP) should hold its benchmark interest rate steady despite cooling economy and stable inflation, as further easing risks being perceived as reactive attempt to shore up flagging confidence and currency stability, according to GlobalSource Partners. In a Dec. 22...
Danish fund manager Copenhagen Infrastructure Partners (CIP) will build a $3-billion offshore wind farm project in Camarines Sur, Malacañang announced. The Palace said it will be the company 's first offshore wind development project in Southeast Asia. The deal was announced after President...
A new chapter opens in Batangas’ first integrated business district as The Golf Range at Lima Estate breaks ground, with operations set to start in November 2025. The facility offers a straightforward blend of work and play for employees, residents, and visitors. Developed by Partners and...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
