Business

Bond yields in most emerging East Asian markets continued to track lower from March 1 to May 15, except for the Philippines and China, as investors factored in forecasts of continued slow growth for the global economy, Asian Development Bank’s (ADB) latest Asia Bond Monitor said.

Any change in the Bangko Sentral ng Pilipinas (BSP) policy rates is expected to happen only in the first half of 2017, the Australia and New Zealand Banking Group Ltd (ANZ), the fourth largest bank by market capitalization in Australia, said after the BSP kept monetary policy settings unchanged last week. 

By Riza Lozada Government regulator National Telecommunications Commission (NTC) plans to bid out new frequencies for broadband Internet on the heels of the recent mega deal in which telecommunications giants Globe Telecom and Philippine Long Distance Telephone Co. (PLDT) bought San Miguel Corp. (SMC) unit Vega Telecom Inc. for P70 billion to primarily access the 700 megahertz (MHz) band allocated …

Dominant power distributor Manila Electric Co. (Meralco) has obtained Energy Regulatory Commission (ERC) approval for its P15.5 billion capital expenditures for this year, the company reported to the Securities & Exchange Commission (SEC).

Globe Telecom has sought government help to develop broadband access in the Philippines by investing in internet infrastructure in rural and far-flung areas if the country hopes to achieve its economic development goals and social inclusion of all communities.

The philanthropic arm of the SM group, SM Foundation, has added more scholars under its wings as it sponsors 20 Grades 7 to 12 students at the Sisters of Mary School Girlstown in Bo. Biga, Silang Cavite, one of the campuses of the Sisters of Mary Schools in the Philippines, while SM Foundation chairman Harley Sy added 20 more students …

Asia-Pacific real-estate investment trust (REITs) have built up strong credit foundations that will stand them in good stead to withstand a market shock, Standard & Poor’s (S&P) Global Ratings said in a report.

By Riza Lozada The overall balance-of-payments (BOP) surplus in 2016 is expected to taper off to $2.0 billion from $2.2 billion in the December 2015 projection, the Bangko Sentral ng Pilipinas (BSP) reported. 

By Riza Lozada The initial public offering (IPO) of the Villar Group’s Golden Haven Memorial Park Inc. is ushering in a series of IPOs amid the strong rebound in the stock market on expectations of a stronger economy under President-elect Rodrigo Duterte.

The Travellers International Hotel Group Inc. has alloted up to P10 billion in capital spending this year mainly to complete the construction of the third phase of Resorts World Manila, which includes three hotels and gaming and retail spaces.