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Philippines’ growth outlook clouded by inflation risks. THE Philippines is likely to continue its stable growth trajectory in the medium term, although inflation and elevated interest rates remain major risks to this outlook, analysts said.
Central bank approves BPI sale of stake in GoTyme Bank
Oct 11, 2024 · THE BANGKO SENTRAL ng Pilipinas (BSP) has approved Bank of the Philippine Islands’ (BPI) sale of its shares in GoTyme Bank, which it gained from its merger with Robinsons Bank Corp. (RBC). “Please be advised that in its Resolution No. 1145 dated Oct. 3, the (BSP) approved the sale of BPI’s shareholdings in GoTyme Bank Corp. in favor of GoTyme Financial Pte. Ltd. and Giga Investment ...
Meralco: AboitizPower unit leads 400-MW bid - BusinessWorld …
Oct 2, 2024 · A UNIT of Aboitiz Power Corp. (AboitizPower) will undergo post-qualification evaluation after submitting the lowest bid for Manila Electric Co.’s (Meralco) 400-megawatt (MW) supply contract, the power distributor announced on Tuesday. GNPower Dinginin Ltd. Co. (GNPD) offered to supply the 400-MW mid-merit requirement at P7.6816 per kilowatt-hour (kWh) during Tuesday’s bid opening. Other ...
8990 Holdings unit signs housing deal with Quezon City government
Oct 1, 2024 · The project was formalized with the signing of a memorandum of agreement between 8990 Housing and the Quezon City government on Sept. 28. The partnership is 8990’s first housing project under a partnership with a local government unit. For the first half, 8990 Holdings saw a 19% decline in its net income to P3.06 billion from P3.78 billion a ...
Philippines rises in 2024 Asia Power Index - BusinessWorld Online
September 24, 2024 | 12:00 am. The Philippines went up a notch to 15th out of 27 countries and territories in the 2024 Asia Power Index by the Lowy Institute. With an overall score of 14.7 points out of 100, the country was classified as a “middle power” in the region. The index measures resources and influence to rank the relative power ...
Bangko Sentral ng Pilipinas: Declaring Independence
Sep 30, 2024 · On Aug. 15, the Bangko Sentral ng Pilipinas (BSP) declared its independence. No, not from the Philippine government. The charter of the BSP mandates that the BSP operate as an independent and accountable body that enjoys fiscal and administrative autonomy despite being a government corporation. Both our executive and legislative bodies have ...
Can Philippine manufacturing ever recover? - BusinessWorld Online
Oct 2, 2024 · Philippine manufacturing still accounts for such a low percentage of GDP that there is doubt about our really being an industrial nation. Latest data (2023) show that manufacturing as a percentage of GDP in the Philippines is only 16% vs. 24% of Vietnam, 23% of Malaysia, 26% of China, 24% of South Korea, 25% of Thailand, 19% of Indonesia, and ...
The right to a roof - BusinessWorld Online
Sep 25, 2024 · The EY Entrepreneur Of The Year 2024 Philippines has concluded its search for the country’s most visionary leaders shaping opportunities and transforming industries. It is a program of the SGV Foundation, Inc., with co-presenters: the Asian Institute of Management, the Department of Trade and Industry, the Philippine Business for …
BSP and BAP set to enhance swap, GS repo markets
Oct 1, 2024 · THE BANGKO SENTRAL ng Pilipinas (BSP) and Bankers Association of the Philippines (BAP) will enhance the interest rate swap market and the repurchase agreement (repo) market for government debt to improve benchmarks for a smoother yield curve. “This year, we are introducing an enhancement in the Philippine Interest Rate Swap (Peso IRS ...
Philippines lags in Global AI Index - BusinessWorld Online
Oct 8, 2024 · The Philippines ranked the lowest in the region after placing 67 th out of 83 countries in its debut in The Global AI Index 2024 by Tortoise Media with an overall score of 5.89 out of 100. The index ranks countries based on capacity for artificial intelligence (AI) using 122 indicators under three pillars: implementation, innovation, and investment.