Business

LAHUG, CEBU CITY—January 25, 2018—Honda Philippines, Inc. (HPI), an innovator of cutting-edge motorcycles, recently opened its Honda Big Bike Showroom to the public in its Flagship Shop at Lahug, Cebu City.

An economist of ING Bank Manila said the Bangko Sentral ng Pilipinas’ (BSP) inflation forecast for January 2018, at 3.5 to 4 percent, may concern the market since the upper end is already higher than the central bank’s 3.2 percent average projection for the year.

By Leslie Gatpolintan Net income of Metropolitan Bank & Trust Company (Metrobank) rose 10-percent to PHP18.2 billion in 2017, Metrobank President Fabian Dee reported Thursday to the Philippine Stock Exchange (PSE) Thursday.

By Joann Villanueva Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said the peso “is just fine” amid its recent weakness and stressed that the currency’s performance only reflected current market environment.

By Joann Villanueva Impact of the first tax reform package on inflation is “more or less as expected” but Bangko Sentral ng Pilipinas (BSP) officials continue to monitor developments to be able to make the necessary adjustments if needed.

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) was named for the fourth time in the past five years as Best Stock Exchange in Southeast Asia by institutional investment magazine Alpha Southeast Asia.

International Container Terminal Services Inc. (ICTSI) and issuer Royal Capital B.V. successfully priced a $350 million offering of senior guaranteed perpetual capital securities, guaranteed by ICTSI and structured to constitute equity under International Financial Reporting Standards (IFRS).

In line with a shared goal to support communities affected by Typhoon Yolanda, BDO Foundation and Consuelo Foundation constructed a new school building in the municipality of Mondragon, Northern Samar, that will benefit hundreds of underprivileged students.

Manila Water recently held a ceremonial groundbreaking for its Emergency Reservoir Project at the Cainta Elementary School in Barangay San Roque, Cainta, Rizal as part of its commitment to support local governments in disaster resiliency.

The boards of the World Bank and the Asian Infrastructure Investment Bank (AIIB) has approved the co-financing for the $500-million Metro Manila Flood Control Management Project paving the way for its start this month, the Department of Finance (DOF) said.