FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCETHE BANGKO SENTRAL ng Pilipinas (BSP) may cut interest rates by 50 basis points (bps) this year, Finance Secretary Ralph G. Recto said.“Possibly, 50 bps (this year). Maybe two (cuts). This is just my expectation,” he told reporters

Traffic is seen along EDSA in Quezon City. — PHILIPPINE STAR/RYAN BALDEMORPHILIPPINE gross domestic product (GDP) likely grew by 6.1% in the first quarter amid an improvement in government spending, economists said.“The economy looks set to accelerate in 2024 with first-quarter GDP estimated at 6.1%

THE SECURITIES and Exchange Commission is asking the National Telecommunications Commission to block access to the Binance website in the Philippines. — REUTERSTHE PHILIPPINES is blocking access to the world’s largest cryptocurrency exchange Binance, which the Securities and Exchange Commission (SEC) says has been operating

THE NATIONAL GOVERNMENT (NG) is looking to borrow P585 billion from the domestic market in the second quarter, the Bureau of the Treasury (BTr) said on Monday.In a notice on its website, the BTr said it seeks to raise P195 billion from the issuance of

PHINMA Corp. announces Annual Stockholders' Meeting on April 23 at 10:00 a.m. - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their

MATT ARTZ–UNSPLASHALTERNERGY Holdings Corp. announced on Monday that it intends to use some of the money raised from its initial public offering (IPO) for its two wind power projects in Rizal and Quezon provinces.The company’s board of directors has approved the reallocation of P64.86 million from the

CHRISTINA VICTORIA CRAFT-UNSPLASHLONDON — Global recorded music revenues grew for the ninth year running in 2023, increasing 10.2% to $28.6 billion mainly thanks to a rise in paid streaming subscribers, a report said on Thursday.Paid subscriptions to music streaming services exceeded 500 million globally for

LISTED information technology (IT) retailer Upson International Corp. saw a 13.7% drop in its 2023 net income to P464.20 million from P537.86 million the prior year due to pre-opening costs and lower gross margin.“Net income declined 13.7% to P464.2 million as a result of lower

SEA SHIMOOKA in Netflix’s 3 Body Problem.CHINESE science fiction writing has experienced an unparalleled surge in global acclaim over the last decade, with author Liu Cixin and his novel The Three-Body Problem (2006) at the forefront. Barack Obama and Mark Zuckerberg are among the many

PHILIPPINE STAR/RUSSELL PALMATHE METROPOLITAN Waterworks and Sewerage System (MWSS) has directed its two water concessionaires to ensure the implementation of augmentation measures as the summer season begins.“MWSS has already issued instructions to our two concessionaires to ensure that all our augmentation measures are operational,” Patrick