MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
SMC Infra all set for traffic buildup due to elections, Undas holiday
San Miguel Corp.’s infrastructure unit is gearing up for possible heavy traffic buildup along its major expressways starting Friday evening, 27 October through the extended weekend, in anticipation of the exodus of Filipinos to provinces for the upcoming Barangay and Sangguniang Kabataan Elections, and the “Undas” holidays.
Singapore, Ayala Corp. data center all set for November debut
ST Telemedia Global Data Centres (STT GDC) Philippines on Thursday reported completing its newest data hall in Makati City which will serve the surging demand for data storage solutions in the country.
LPG sales fuel Pryce Corp 9-month net to record high
Pryce Corp. said Thursday it booked a record-high P1.58 billion net profit in the nine months through September, a 28 percent increase from the year-earlier period due mainly to strong sales of industrial and cooking gas.
PXP Energy narrows 9-month net loss on higher Galoc output
PXP Energy Corp., the oil and gas arm of Philex Mining Corp., said Thursday it recorded a net loss of P22.9 million in the...
