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THE PESO weakened on Wednesday to match its all-time low against the US dollar as a re-escalation in the Middle East conflict heightened concerns over inflation risks. The Philippine peso closed at P61.75 against the US dollar on Wednesday, inching down by half a centavo from P61.745 on Tuesday, based on data on the Bankers []
THE BANGKO SENTRAL ng Pilipinas (BSP) might remain cautious as a growth slowdown amid mounting inflation risks from a volatility-driven peso depreciation and record-high wage hike tests its credibility, GlobalSource Partners said. In a report dated July 20, GlobalSource Partners Principal Advisor Diwa C. Guinigundo noted that the Philippines will face twin inflation shocks from []
THE ENERGY Regulatory Commission (ERC) is eyeing to lower the price ceiling for power reserves traded in the spot market to P9 per kilowatt-hour (kWh), offering much-needed relief for consumers.
BUSINESS GROUPS are urging the government to prioritize measures that boost productivity and strengthen investor confidence to help firms absorb the higher labor costs from the increase in the daily minimum wage in Metro Manila.
THE Government Service Insurance System (GSIS) has increased its stake in Megawide Construction Corp. to 9.5 after acquiring 111.94 million common shares through a series of block transactions, making the state pension fund one of the listed engineering and construction company’s major local institutional investors. The acquisition increased GSIS’ holdings to 191.71 million common shares, []
THE Filipino table in the city is often bereft of the treasures from the regions. But a new project by Center for Culinary Arts Manila (CCA Manila) Chief Executive Officer Badjie Trinidad and renowned chef and writer Reggie Aspiras might just change all that. Last April, they launched Philippine Heritage Kitchen (PHK), a program aimed []
PHILIPPINE AIRLINES (PAL) has signed a memorandum of understanding with aircraft engine maker Rolls-Royce for Trent XWB-97 engines to power nine additional Airbus A350-1000 aircraft as the flag carrier advances its long-haul fleet expansion. In a disclosure on Wednesday, PAL Holdings, Inc. said the agreement covers 18 Trent XWB-97 engines for the nine aircraft, as []
DUE to its distance from the capital (it takes half a day to travel from Manila to the mountains of Sagada), how the people of the Cordillera Administrative Region live can be a mystery to some of us in the city. A talk at the event “The Forest Table of Sagada by Philippine Heritage Kitchen []
ARTHALAND Corp. has secured another regulatory approval for its planned preferred share offering of up to P3 billion, with proceeds earmarked to refinance maturing obligations and support ongoing project development. In a disclosure on Wednesday, the company said it received a Certificate of Filing of Enabling Resolution from the Securities and Exchange Commission (SEC), dated []
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) term deposits edged up for a fifth straight week as soaring oil prices amid renewed tensions in the Middle East raised fresh inflation concerns. Demand for the BSP’s term deposit facility (TDF) reached P171.444 billion on Wednesday, exceeding the P130-billion offer of seven-day papers and []
