REUTERSTHE BUREAU of the Treasury (BTr) on Monday launched its first-ever offering of Sukuk bonds as it mandated banks for the sale of “benchmark-sized” 5.5-year papers, a document showed.The Sukuk bonds will be dollar-denominated and will be a “benchmark-sized” issue of at least $500 million with a ...
Holiday spending is expected to lift fourth quarter growth. — PHILIPPINE STAR/EDD GUMBANS&P GLOBAL RATINGS raised its gross domestic product (GDP) growth forecast for the Philippines to 5.4% this year but lowered its projection for next year to 5.9%. At the same time, it expects the Bangko ...
The Philippine economy is expected to grow below the government’s 6-7% target this year. — PHILIPPINE STAR/WALTER BOLLOZOSTHE ASEAN+3 Macroeconomic Research Office (AMRO) cut its Philippine gross domestic product (GDP) growth outlook for this year and for 2024 due to weak external demand and global headwinds.In its ...
PIXABAYBy Justine Irish D. Tabile, Reporter VANEZZA GAIL V. HERNANDEZ, 24, bought a Squad Cosmetics eyeshadow palette from Shopee after it was recommended by a Filipino fashion influencer with 1.6 million followers on YouTube.“Watching YouTube became a pastime for me during the pandemic, and I thought I ...
EVENING_TAO-FREEPIKTWO of the country’s largest electricity distributors expect the tightness in power supply to continue next year, although some relief may be provided by the completion and return to operation of some power plants.“It’s still gonna be tight kasi wala naman bagong planta (because there is no ...
PHILSTAR FILE PHOTOBy Ashley Erika O. Jose, ReporterLISTED telecommunications and information and communications technology (ICT) companies are expected to post better results in 2024, driven by the strong demand for digital services and as firms roll out their expansion plans.“The telco stocks — their earnings are up. ...
CAPITAL raising at the Philippine Stock Exchange (PSE) may not reach P200 billion next year, the bourse operator’s top official said.“Hindi natin kaya ang P200 billion (We cannot hit P200 billion),” PSE President and Chief Executive Officer Ramon S. Monzon told reporters when asked about capital raising ...
1 of 4THE QCINEMA International Film Festival ended this week, with its most elevated lineup since its eleven years of existence (and not just because this year’s theme was “elevated”).What BusinessWorld took note of for this edition was the success that has befallen many of its Southeast ...
LISTED property developer Century Properties Group, Inc. (CPG) expects to perform better in 2024, said its top official who remains cautious despite his optimism for the year ahead.“Our outlook [for next year] is actually cautiously optimistic. There are many reasons why we believe it’s going to be ...
PROPERTY developer Federal Land, Inc. is bullish about its year-end performance led by its residential portfolio, its top official said.“We’re doing great. 2019 was our best year ever. And as of end-October, we’ve already exceeded 2019 numbers. We’re very optimistic about the year-end numbers,” Federal Land, Inc. ...