It’s hard when our thoughts are divided between moving forward and holding back.
There is a looming power crisis in the supply of natural gas and resulting high prices for the commodity on thescheduled shutdown of the Malampayanatural gas plant next month. On that subject, I wrote the chairman of the Senate Committee on Energy on September 21, 2021 and I submitted that the following actions should be… Continue reading Looming power crisis and prices
A pessimistic climate prevailed among Philippine businesses in the third quarter of this year.
Updated: 1:40 am Sept. 25, 2021 THE country's balance of payments (BoP) surplus hit a four-month high of $1.04 billion in August, according to the Bangko Sentral ng Pilipinas (BSP) data. Released on Friday, the figure was substantially greater than the $657-million surplus in August 2020 and the $642-million surplus in July. It was also… Continue reading BoP hits 4-month high surplus in Aug
THE Covid-19 pandemic is still affecting business confidence in the Philippines with enterprises remaining pessimistic despite reduced negative consumer sentiment, according to two Bangko Sentral ng Pilipinas (BSP) surveys released on Friday. The third quarter 2021 confidence index (CI) — calculated as the percentage of companies that answered “yes” minus those that answered “no” —… Continue reading Firms pessimistic due to pandemic
STATE-RUN Home Development Mutual Fund (Pag-IBIG Fund) said its members availed of its housing loan and voluntary savings program in unprecedented numbers in the first eight months of the year. According to its statement released on Friday, home loans totaled P58.52 billion from January to August, assisting 57,235 members in realizing their dream of homeownership.… Continue reading PAG-IBIG RECORDS NEW HIGHS IN JAN-AUG
THE Department of Agriculture (DA) defended its “unobligated” and “unliquidated” funds amounting to at least P46.681 billion, saying this was mainly due to discontinued activities because of the restrictions and health protocols brought about by the pandemic. This, after the Philippine Chamber of Agriculture and Food Inc. (Pcafi) reiterated its call for the agency to… Continue reading DA defends ‘unobligated’ funds
THE Securities and Exchange Commission cleared the initial public offering of AllDay Marts Inc. and the P50-billion bond offering of Petron Corp. The commission on Friday said it has rendered effective the registration statements of AllDay Marts and Petron Corp. Supermarket operator AllDay Marts is set to offer 6.86 billion primary common shares priced at… Continue reading SEC green lights AllDay IPO, Petron bond offering
THE net profit of the Bangko Sentral ng Pilipinas (BSP) climbed by triple digits in the first seven months of the year, according to figures released on Friday. The central bank's financial statement showed it netted P48.71 billion over the period, up from P13.90 billion a year ago. There was no explanation given for the… Continue reading BSP net profit climbs to P48 billion
DOUBLEDRAGON Properties Corp. on Friday said it has secured the permit to start construction and preselling activities in its Hotel 101 project in Cebu. The property firm, in a disclosure, said its hotel subsidiary, Hotel of Asia Inc., received its Department of Human Settlements and Urban Development License to Sell LS-R07-21-088 for the Hotel 101-Cebu… Continue reading DoubleDragon gets permit for Cebu project