BOC – PUBLIC INFORMATION AND ASSISTANCE DIVISION (BOC-PIAD) THE Sugar Regulatory Administration (SRA) said on Monday that it has set the decline of sugar inventories to the equivalent of three months’ demand as the trigger event for allowing sugar imports. SRA Administrator Pablo Luis S. Azcona told reporters: “When we need to import is actually […]Read More
The Philippine central bank is widely expected to keep policy rates at a 17-year high of 6.5% at its meeting this week. — PHILIPPINE STAR/RYAN BALDEMOR By Luisa Maria Jacinta C. Jocson, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to extend its policy pause for a fifth straight meeting this week as […]Read More
REUTERS NET INFLOWS of foreign direct investment (FDI) in February soared to its highest level in over two years, data from the Philippine central bank showed. Data from the Bangko Sentral ng Pilipinas (BSP) showed that FDI net inflows climbed by 29.3% to $1.364 billion in February from $1.055 billion in the same month a […]Read More
NATIONAL Economic and Development Authority Secretary Arsenio M. Balisacan (left) and JG Summit Holdings, Inc. President and Chief Executive Officer Lance Y. Gokongwei will deliver keynote speeches at the BusinessWorld Economic Forum “PH Next: Growth Drivers” on May 22 at the Grand Hyatt Manila. THE PHILIPPINE ECONOMY has shown resilience despite facing challenges such as […]Read More
DEPARTMENT OF AGRICULTURE HANDOUT SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell by 36.3% in March, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs declined to P6.872 billion in March from P10.795 billion a year earlier. Month on month, subsidies dropped by 46% from P12.715 […]Read More
NLEX.COM.PH THE offer from the Pangilinan-led Metro Pacific Tollways Corp. (MPTC) to acquire the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx) may help attract more investors to the company’s planned merger with San Miguel Corp. (SMC), analysts said. “SCTEx is an attractive infrastructure asset, especially given the development in the areas it serves, so gaining […]Read More
LISTED property developer Cebu Landmasters, Inc. (CLI) is considering a development venture in Cavite as it prepares for its entry into the Luzon market, its chief operating officer said. “Definitely, a lot of landowners are knocking on our doors. We need to filter this out well, but we’re eyeing a Cavite development. Camarines Sur was […]Read More
DMCI Homes said its three-tower project Sonora Garden Residences in Las Piñas City is expected to generate around P13 billion in revenue. Sonora Garden Residences, a joint venture between DMCI Homes and Robinson Land Corporation, Inc., consists of the Cadence, Liran, and Stellan towers along Alabang-Zapote Road in Las Piñas City. “Cadence revenue [alone] is […]Read More
FEDERAL LAND NRE Global, Inc. (FNG) said Sora Tower, the first residential tower of The Observatory township in Mandaluyong, is expected to be turned over by 2030. “The first residential tower set to rise in the development is Sora Tower, set for turnover by 2030 and promises to usher in a new era of living […]Read More
ERA Philippines said it expects a “boom” in the real estate sector this year due to the growing demand from overseas workers. “[With] so many overseas people coming in to buy, it will be a boom in the real estate market. I am quite confident,” Bobby Kok, chief agency officer of ERA Philippines, told BusinessWorld […]Read More