Isabela sees socialized condo
MANILA, Philippines — A socialized condominium in Isabela will be developed to propel the government’s affordable housing program.
Finance latest news
Recto: Interest rates to stay unchanged for 5th meeting
MONETARY authorities will likely hold fire anew during today's policy meeting given the latest inflation and growth results, Finance Secretary Ralph Recto said.
Inspiring success stories emerge from the 14th PHILSME Business Expo
MANILA, Philippines – The 14th Philippine SME (PHILSME) Business Expo, organized by Mediacom Solutions Inc., concluded a successful two-day run at the SMX Convention Center Manila in Pasay City, bringing together 8,000 attendees, fostering a vibrant atmosphere of innovation, collaboration and business growth for small and medium-sized enterprises (SMEs).
South Korea to set up $7-billion aid package for chip industry
SEOUL, South Korea — South Korea will set up an aid package worth more than $7 billion to support its chip industry, the finance ministry said Sunday, as part of its drive to boost its critical semiconductor sector.
SPNEC confirms plans to sell 40% stake in Terra Solar project to foreign investors
SP New Energy [SPNEC 1.10, down 2.6%; 92% avgVol] [link], now a Meralco [MER 374.80 unch; 80% avgVol] subsidiary under Manny V. Pangilinan’s chairmanship, confirmed reports that it plans to sell “up to 40% equity stake in the Terra Solar” project. The report quoted MVP as saying that SPNEC was in talks with three to five potential investors, and then quoted an unnamed executive who said that SPNEC would take in “at most” two of those potential foreign investors for a combined 40% stake in Terra Solar. MVP said that they were trying to engineer it so that each foreign partner might take a 20% stake. MVP noted that SPNEC still intends to meet its 2026 energization target.
Dollar bond sale raises $2B for govt
THE Philippines made a successful return to the global debt market on Tuesday, raising $2 billion from a two-part dollar bond sale that the government said was enthusiastically received by investors.
Foreign reserves dip as gov't settles debts
THE country's gross international reserves (GIR) slipped in April as the government paid off some of its debt and used foreign currencies for some spending items, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
JuanHand, FEdCenter announce partnership to revolutionize financial literacy in the Philippines
MANILA, Philippines — FEdCenter, an umbrella association of finance teachers and students known for promoting financial knowledge, and JuanHand, an online cash lending platform, are partnering to launch an app-based education platform meant to increase financial literacy by making it fun, rewarding and convenient.