The Bangko Sentral ng Pilipinas will launch its maiden securities offering on Sept. 18. — BLOOMBERG THE central bank is set to begin selling its own securities on Sept. 18, saying this will become an additional tool in managing liquidity in the financial system. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Wednesday […]
Consumers in Metro Manila will see lower electricity bills this month. — BW FILE PHOTO POWER RATES in Metro Manila will go down again this month with typical households likely to see a P12 cut in their bills, Manila Electric Co. (Meralco) said on Wednesday. In a statement, the utility giant said the September electricity […]
The Health department’s budget for 2021 is 14% lower than this year, despite the ongoing pandemic. — PHILIPPINE STAR/MICHAEL VARCAS SENATORS on Wednesday questioned the economic team’s priorities under the proposed P4.5-trillion national budget for 2021 as allocations for health and social safety nets were cut and funds for infrastructure projects increased despite the ongoing […]
By Luz Wendy T. Noble, Reporter THE Duterte administration needs to put policy reforms in place to attract more foreign investments by end-2020, before the presidential election campaign gets underway, according to an analyst. “With elections approaching in 2022, policy reforms are needed before end-2020, to bear fruit and pre-empt rising political uncertainty as presidential […]
THE Ayala Group is considering making hybrid work arrangements permanent as it increases its focus on digital transformation for its operations. In a speech at the Ayala-FINEX Finance Summit held virtually on Wednesday, Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala said the conglomerate is currently evaluating the need for office spaces. “Over […]
A logo of Globe Telecom is seen at a service center in Quezon City, May 7, 2018. — REUTERS/DONDI TAWATAO/FILE PHOTO GLOBE Telecom, Inc. expects 900 more cell sites to be built soon as its partnerships with tower builders are now in advanced stages, the Ayala-led telecommunications services provider said. In a statement, Globe said […]
SMART COMMUNICATIONS, Inc., the wireless unit of PLDT Inc., said the controversial Pag-asa Island in the West Philippine Sea is now covered by its 4G/LTE network service, enabling the island’s residents to communicate via chat apps and video calls. Pag-asa Island in the municipality of Kalayaan, Palawan Province, is the Philippines’ “most remote cell site,” […]
1 of 10 FOOD diplomacy takes center stage this month for the Department of Foreign Affairs (DFA) and The ASEAN Ladies Foundation, Inc. (ALF). Because strict quarantine measures have restricted many activities, the annual festival marking ASEAN Month had to be called off. To fill in the gap left by the festival’s cancellation, the ALF […]
LISTED agricultural firm AgriNurture, Inc. (ANI) has decided to extend the due diligence period for its acquisition of information technology company Pay8, Inc. In a disclosure to the stock exchange on Wednesday, the company said that it had not completed its due diligence because of “supervening events” such as the anticipated listing of Pay8’s major […]
1 of 2 FOOD companies are always looking for ways to fill the needs of their customers, looking for new niches that they can satisfy. One company decided to tackle a perceived need for a healthy cracker for mindful snacking, while a milk giant now offers an “organic” product for parents looking for healthier options. […]