The geopolitical landscape is constantly shifting and with every movement, the world feels the tensions as countries balance their actions and reactions to mitigate the risks and/or take advantage of opportunities. Factors such as international crises, environmental and climate stress, economic conditions or changing alliances can trigger geopolitical shifts and the resulting dynamics, risk resilience and the agility of the government to quickly adapt will be critical determinants of success or failure. ...
MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that could help scale up their operations and, in doing so, improve the economic condition of more Filipinos. The BSP and the Cooperative Development Authority (CDA) have agreed to work closer together to better implement the provisions of the Credit Surety Fund Cooperative Act that became law in 2015. “The central bank is committed to support the development of the credit surety fund as a vital credit infra ...
READ: Opportunities abound in PH logistics industry The growing online shopping sector also created the need for more localized warehouses where merchants can place inventory near their...
To solve the complex problems of the skills mismatch in the Philippine economy at this point of fast-changing technologies, which sector has to make a major first step? · The problem: It is effortless to say everyone must take immediate short-term steps for long-term employment and entrepreneurship prospects, since very few can even feel for these as talents produced do not fit the dramatically changing needs. Schools can prepare students for future jobs—but these have yet to be practically defined in curricular offerings beyond the United N ...
BEVERAGE-maker Pepsi-Cola Products Philippines Inc. (PCPPI) has debuted into the local snacks manufacturing business with the inauguration of its newest production facility in Cabuyao, Laguna on Thursday. “We are delighted with this opportunity to produce internationally-renowned snacks products for the Philippine market, as we move towards our vision of becoming a premier food and beverage company in the Philippines,” PCPPI Furqan Ahmed Syed said in a press statement. Construction for the C...
Manuel Pangilinan-led Philex Mining Corp. reported a net income of P704.14 million in the first semester of the year, down by more than 50 percent from P1.4 billion in the same period the year prior on account of lower revenues and production. In a disclosure on Thursday, Philex Mining said consolidated revenues fell to P4.16 billion from P5.01 billion year-on-year. Philex Mining said tonnage milled dropped by 4 percent to 3.531 million tonnes as it continues to address the “unscheduled breakdowns” of its mill plant because of the aging equ ...
NEW YORK, United States —American shale oil is back at the center of the global petroleum game, a driver of major deals involving petroleum giants more inclined to buy up rivals than to undertake wildcat exploration. On Monday, Diamondback Energy announced the $26 billion acquisition of Endeavor Energy, combining two of the top 10 producers in the Permian Basin, which has the largest unconventional petroleum reserves in the United States. The Permian, which is located in western Texas and eastern New Mexico, has emerged as an especially hot c ...
Unionbank’s prospective entry as a strategic investor in EIB is backed by the bank’s uninsured depositors. EIB has about P10.7 billion in uninsured deposits, a majority of whom—holding a combined deposit of P8.2 billion—had given special powers of attorney to a group called “Coalition of EIB Uninsured Depositors” seeking the rehabilitation of the bank as an alternative to liquidation. In a telephone interview with the Inquirer on Saturday, UnionBank president Victor Valdepeñas conf...
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MANILA, Philippines —The Sy family’s property conglomerate SM Prime Holdings Inc. aims to raise as much as P100 billion from the debt market, anticipating potential delays in its record-breaking initial public offering (IPO). In a stock exchange filing on Monday, SM Prime revealed plans for a P100 billion long-term bond program. It did not provide other details. The move aligns with efforts to prepare other sources of funding to support its aggressive expansion this year. Business tycoon and SM Prime executive committee chair Hans Sy earlie ...