By Beatriz Marie D. Cruz, Reporter THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.35 trillion as of end-May, reflecting the impact of the peso weakness on foreign currency-denominated debt, the Bureau of the Treasury (BTr) said.Data from the BTr on
By Beatriz Marie D. Cruz, Reporter THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.35 trillion as of end-May, reflecting the impact of the peso weakness on foreign currency-denominated debt, the Bureau of the Treasury (BTr) said.Data from the BTr on
PHILIPPINE STAR/ MICHAEL VARCASBy Luisa Maria Jacinta C. Jocson, ReporterTHE BANKING INDUSTRY’S nonperforming loan (NPL) ratio soared to a near two-year high in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.The Philippine banking industry’s gross NPL ratio rose to 3.57% in May from
People go shopping in Divisoria, Manila. — PHILIPPINE STAR/RYAN BALDEMORTHE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said.“The economy will find
Various civil society and environment advocate groups are pushing for more affordable renewable energy sources. — PHILIPPINE STAR/ MIGUEL DE GUZMANBy Sheldeen Joy Talavera, ReporterTHE PHILIPPINES continues to depend on coal-fired power as it struggles to implement policies to boost renewable energy capacity, analysts said.Data
Allied Care Experts (ACE) Medical Center-Legazpi, Inc. announces Annual Stockholders’ Meeting on Aug. 1 via Zoom - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows
Divine Grace Medical Center (DGMC), a Mount Grace Hospital, proudly announces its recent partnership with the Bureau of Fire Protection (BFP) – General Trias City Fire Station. This collaboration is a significant step towards ensuring access to a wide range of medical services, quality healthcare,
8990 Holdings, Inc. to conduct annual meeting of stockholders online on July 29 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify
1 of 2TEN Filipino comedic powerhouses unite in LOL: Last One Laughing Philippines, a series which premiered on July 4 on Prime Video. LOL is a six-part competition where the contestants face off in a showdown, with the goal to make others laugh without cracking
MERALCO.COM.PHBy Sheldeen Joy Talavera, ReporterTHE SUBSIDIARIES of First Gen Corp., San Miguel Global Power Holdings Corp. (SMGP), and Aboitiz Power Corp. (AboitizPower) have joined the firms interested in bidding for Manila Electric Co.’s (Meralco) 600-megawatt (MW) power supply contract.“This CSP (competitive selection process) for Meralco’s