Category: Business
-
Philippine Stock Market Climbs to 6,000 Mark, Peso Holds Steady Midweek
In Manila, the Philippine Stock Exchange index (PSEi) surged back to the 6,000 threshold, marking a 0.94 percent rise to close at 6,044.13. The broader All Shares index also saw a gain, increasing by 0.34 percent to reach 3,619.19 points. This uptick in the stock market occurred a day before the anticipated policy rate reduction…
Written by
-
Philippine Stock Market Climbs to 6,000 Mark, Peso Holds Steady Midweek
In Manila, the Philippine Stock Exchange index (PSEi) surged back to the 6,000 threshold, marking a 0.94 percent rise to close at 6,044.13. The broader All Shares index also saw a gain, up by 0.34 percent to 3,619.19. This uptick in the stock market occurred a day before the anticipated policy rate reduction by the…
Written by
-
Philippine Money Supply and Bank Lending Surge in December 2024
The Bangko Sentral ng Pilipinas (BSP) announced a significant rise in the nation’s money supply, known as M3, for December 2024. The money supply grew by 7.7% to reach PHP18.8 trillion, up from PHP17.4 trillion the previous year. On a month-to-month basis, M3 saw a slight increase of 0.2% from PHP18.1 trillion in November 2024.…
Written by
-
Renewable Energy Bids Surpass Goals in Third Green Energy Auction
MANILA – The third round of the Green Energy Auction (GEA-3) has seen a robust response from renewable energy developers, with bids exceeding the Department of Energy’s (DOE) target of 4,650 megawatts (MW). The DOE announced that the auction attracted 14 projects, totaling a tendered capacity of 7,530.89 MW, scheduled for delivery between 2025 and…
Written by
-
Philippines Achieves Unprecedented Renewable Energy Milestone in 2024 with 794 MW Installed
In a significant stride towards sustainable energy, the Philippines recorded its highest ever installation of renewable energy capacity in 2024, reaching 794.34 megawatts (MW). The Department of Energy (DOE) announced this achievement, highlighting a substantial increase from the previous years’ total of 759.82 MW installed between 2021 and 2023. The year 2021 saw an installation…
Written by
-
Philippine Stock Market Dips Below 6,000 Again Amid Trump Tariffs, Peso Nears Weakening
In Manila, the local stock market took another hit, falling below the 6,000 threshold once more, as investors grappled with the implications of new tariffs announced by U.S. President Donald Trump. The Philippine Stock Exchange index (PSEi) dropped by 0.82 percent to close at 5,987.75, while the broader All Shares index also declined by 0.28…
Written by
-
Philippine Treasury Fully Allocates Reissued Bonds at Lower Yield
The Philippine Bureau of Treasury successfully allocated all bids for the reissued Treasury bonds during an auction held on Tuesday. These bonds, with a remaining term of seven years and seven months, were sold at an average yield of 5.973 percent, which was lower than both the previous reissuance and the current rates in the…
Written by
-
Philippine Economic Zone Authority Welcomes 20 Japanese Factories Seeking Investment Opportunities
The Philippine Economic Zone Authority (PEZA) recently hosted a delegation from Okayama, Japan, as part of an initiative to explore business prospects within the Philippines. This mission, which involved 20 manufacturing companies, was co-organized by the Philippine Trade and Investment Center-Osaka, aiming to enhance economic relations between Manila and Tokyo. During the visit, these firms…
Written by
-
BIR Initiates Friendly Tax Compliance Campaign to Boost Voluntary Adherence
The Bureau of Internal Revenue (BIR) has kicked off a comprehensive campaign designed to educate taxpayers about their fiscal responsibilities and promote voluntary compliance. Named the Friendly Tax Compliance Verification Drive (TCVD), the initiative, which took place from February 10 to 14, aims to clarify tax obligations, pinpoint common compliance issues, and assist taxpayers in…
Written by
-
TransUnion Philippines Welcomes Peter Faulhaber as New President and CEO
TransUnion, a leading global information and insights company, has announced the appointment of Peter Faulhaber as the new President and CEO of its Philippine branch. Faulhaber will lead the local office, reporting to Marie Claire Lim Moore, the Asia-Pacific Regional President at TransUnion, and the Board of TransUnion Philippines. Expressing his enthusiasm, Faulhaber stated, ‘I…
Written by