1 of 2LEXUS PHILIPPINES is growing the number of its ES sedan offerings by one, as it introduces the hybrid electric ES 300h Luxury variant. Priced at P4.218 million, the trim takes its place in the middle of range between the ES 300h Executive (P3.838

SWEDISH furniture retailer IKEA is looking to establish more stores in the Philippines to address growing local demand and as part of its expansion efforts.Georg Platzer, IKEA Philippines store manager, said that the retailer is studying more stores in Metro Manila in addition to its

DIGITAL BANKS are likely to meet the reserve requirement ratio (RRR) of 8% and are expected to comply with the existing prudential requirements for big banks, the Bangko Sentral ng Pilipinas (BSP) said.BSP Deputy Governor Chuchi G. Fonacier said in a Viber message that they

REUTERSNEW DELHI — India is likely to extend its free food program for the poor by three to six months, CNBC TV18 reported, a move that could cost the government $10 billion more and make it challenging for it to meet its fiscal deficit target.India

Bitish author Hilary Mantel — 4THESTATE.CO.UKLONDON — Hilary Mantel, the best-selling British author of the award-winning Wolf Hall Tudor trilogy, died peacefully on Thursday at the age of 70, her publisher said on Friday.Wolf Hall, published in 2009, and its sequel Bring Up the Bodies,

PHOTO FROM GEELY PHILIPPINESSOJITZ G AUTO Philippines Corp. (SGAP), official distributor of Geely in the Philippines, announced that it was given the Outstanding Distributor Award at the recently concluded Geely Automotive Annual International Conference. The online gathering was attended by top executives from Geely Automotive

YIELDS on government securities (GS) rose as the market awaited the US Federal Reserve’s and the local central bank’s rate hikes and the peso depreciating to a new record low. Debt yields, which move inversely to prices, jumped by an average of 12.31 basis points (bps)

LISTED fiber internet provider Converge ICT Solutions, Inc. was the seventh most actively traded stock last week after investors opted to pocket gains following its approved buyback program and talk about the company’s removal from a global equity index.Data from the Philippine Stock Exchange (PSE)

REUTERS/ELOISA LOPEZLOCAL STOCKS may move sideways this week on the lingering effects of the interest rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) amid the depreciating peso.The bellwether Philippine Stock Exchange index (PSEi) slipped by 42.17 points or 0.66%