Philippine economic growth likely settled within the 6.0 to 6.5 percent range in the third quarter of the year, an economist said on Friday. Seasonal increase in importation, manufacturing and other production activities in preparation for the increased demand during the holiday season likely helped boost growth during the quarter, Rizal Commercial Banking Corporation chief economist Michael Ricafort said in …
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The Bangko Sentral ng Pilipinas (BSP) announced on Friday that it has reduced the total offering of its BSP bills (BSPB) to P160 billion, down from P190 billion in the previous week. This adjustment was made in response to evolving market conditions and liquidity management needs. In a statement, BSP Deputy Governor Francisco Dakila Jr. explained that the allocation for …
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The Philippine financial sector’s total resources increased by 9.20 percent as of end-August this year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data released by the BSP last week showed that the total resources of banks and non-bank financial institutions reached P32.14 trillion in August, higher than the P29.43 trillion in August 2023. Banks’ total resources amounted …
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The Bangko Sentral ng Pilipinas (BSP) announced that its coin deposit machines (CoDMs) have collected over P1 billion worth of coins since their launch, underscoring the project’s success in recirculating idle currency. As of October 11, 2024, the total coin deposits have reached P1.008 billion, with more than 260 million individual coins processed across 240,000 transactions. The CoDM initiative, launched …
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Philippine National Bank (“PNB”) has successfully tapped into international markets with a US$300 million benchmark-sized Sustainability Regulation S offering of 5-year senior notes (the “Notes”) under its US$2 billion Euro Medium Term Note programme (the “Programme”). PNB conducted a two-day roadshow starting on October 14, 2024 to engage with potential investors. The 5-year bond was priced at T+102 basis points, …
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TecPlata achieved a new milestone with its handling of the first carbon-neutral container in Argentina. The latest achievement marks a significant step forward in the company’s commitment to sustainability, reinforcing its position as a leader in innovative logistics solutions. Through the collaboration with Petrocuyo, LOGIN, and Carbon+, TecPlata successfully implemented practices that prioritize environmental responsibility while ensuring operational efficiency. TecPlata’s …
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Reinforcing its presence in the country’s entertainment scene, TECNO has been named the official smartphone partner of Billboard Philippines’ highly anticipated “Mainstage – The Year One Anniversary” event, a celebration of music and entertainment. Held on October 15 at SM MOA Arena, the milestone event showcased local talent and brought together some of the Philippines’ top musicians, celebrities, and rising …
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Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) operation in Cagayan de Oro, Philippines, received the inaugural call of MV Ever Core under a new joint service by Evergreen and Wan Hai Lines last August. The new bi-monthly service enhances MCT’s connectivity with key international markets in Hong Kong and Taiwan through the ports of Cagayan de Oro, Davao, Shekou, …
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In a signing ceremony held at Solaire Resort Entertainment City, Bloomberry Resorts Corporation (Bloomberry) subsidiaries Bloomberry Resorts and Hotels, Inc. (BRHI), as borrower, and Sureste Properties Inc. (SPI), as surety and 3rd party security provider, signed with a group of banks the P72.0 billion Syndicated Refinancing Facility. The new facility replaces the existing P73.5 billion Syndicated Term Loan Facility obtained …
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Get ready for an exciting journey with MR.TOY’s latest collection of adventure-themed toys, guaranteed to spark endless fun and countless adventures. From fierce dinosaurs to epic battles, these toys are perfect for kids who love action, creativity, and discovery. Here are the must-have items that will turn every playtime into a thrilling adventure: Experience the thrill of a Jurassic adventure …
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The Market Monitor Minding the Nation's Business