Raslag plans P2B capital-raising strategy
Renewable energy generator Raslag Corp. announced that its board has approved a capital-raising plan aimed at generating up to P2 billion through the private placement of up to 15 million preferred shares.
LT Group board approves regular, special dividends worth P3.25B
LT Group Inc., the flagship investment holding company of the Lucio Tan Group, said its board has approved regular and special dividends that will distribute to its shareholders a total P3.25 billion. On Friday, the board of LT Group approved the declaration of P0.15 regular cash dividend and P0.15 special dividend for shareholders on record as of March 21. The dividends will be paid not later than April 11.
2024 BOP still a surplus at USD609M but 16 percent lower vs 2023
The country's balance of payments (BOP) position for the fourth quarter of 2024 shifted to a deficit of USD4.5 billion, a stark contrast from the USD1.9 billion surplus recorded in the same period of 2023.
2024 government borrowings push external debt 10 percent higher to USD12.2D
The country's total external debt (EDT) decreased to USD137.63 billion as of December 2024, a 1.4 percent drop from the previous quarter's USD139.64 billion, according to the Bangko Sentral ng Pilipinas (BSP).
Food tops Filipino household spending, followed by housing and transportation – BSP Survey
In a recent survey conducted by the Bangko Sentral ng Pilipinas (BSP), food and beverages consumed at home were found to be the largest expenditure for Filipino households, comprising 55.4 percent of their total spending in 2021.
