WB upgrades PHL growth outlook

Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative” fiscal policy conducive to recovering domestic demand despite a hawkish central bank and a pessimistic global economic […]

Vehicle sales recovery at risk if taxes reimposed on pickup trucks — Fitch Solutions

Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according to Fitch Solutions Country Risk and Industry Research. In a commentary […]

Another BSP off-cycle rate hike likely, economist says

REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to raise rates by another 75 basis points (bps), an economist from the Bank of the Philippine Islands (BPI) said. At the same time, ANZ Research sees the BSP raising its […]

ADB allots $14B for program to ease food crisis in Asia

Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the Asia-Pacific region. “The future of food and nutrition security in Asia and the Pacific depends […]

Iconoclasts to icons: Two National Artists, one stage

1 of 3 By Sam L. Marcelo, Multimedia Editor BalletPulso Pilipinas II: Alay nina Alice at AgnesSept. 30, 8 p.m.Oct. 1, 3 p.m. and 8 p.m.Tanghalang Nicanor Abelardo (CCP Main Theater)Cultural Center of the Philippines A PRODUCTION that celebrates the work of two living National Artists for Dance — Alice G. Reyes and Agnes D. […]

Iconoclasts to icons: Two National Artists, one stage

1 of 3 By Sam L. Marcelo, Multimedia Editor BalletPulso Pilipinas II: Alay nina Alice at AgnesSept. 30, 8 p.m.Oct. 1, 3 p.m. and 8 p.m.Oct. 2, 3 p.m.Tanghalang Nicanor Abelardo (CCP Main Theater)Cultural Center of the Philippines A PRODUCTION that celebrates the work of two living National Artists for Dance — Alice G. Reyes […]

Iconoclasts to icons: Two National Artists, one stage

1 of 3 By Sam L. Marcelo, Multimedia Editor BalletPulso Pilipinas II: Alay nina Alice at AgnesSept. 30, 8 p.m.Oct. 1, 3 p.m. and 8 p.m.Oct. 2, 3 p.m.Tanghalang Nicanor Abelardo (CCP Main Theater)Cultural Center of the Philippines A PRODUCTION that celebrates the work of two living National Artists for Dance — Alice G. Reyes […]

AEV says units exit Sri Lanka, files P12-B bonds

ABOITIZ Equity Ventures, Inc. (AEV) said on Tuesday that its subsidiaries had agreed to sell their 100% equity interest in Gold Coin Feed Mills (Lanka) Ltd., a manufacturer and distributor of animal feed products in Sri Lanka. The listed holding firm disclosed to the stock exchange that its units Gold Coin Management Holdings Pte. Ltd. […]

How to show off crypto art? On flat-screen TVs

1 of 2 SINCE crypto art exists online, how to show it off onsite? On flat-screen TVs. Twelve artists’ individual works and a collaborative piece will be highlighted at Galeria Paloma crypto art exhibit, “1/1” (read: One of One), which will be held both online and onsite. The exhibit will be up from Sept. 30 […]

Globe sells 1,350 towers to PhilTower for P20 billion

GLOBE Telecom, Inc. announced on Tuesday that it recently signed a sale and leaseback deal with Phil-Tower Consortium, Inc. (PhilTower) for the telco’s 1,350 towers. “Globe expects to raise total proceeds of P20 billion from executing this transaction,” the company told the stock exchange. The tower assets, which are located primarily in Visayas and Mindanao, […]