T-bill rates average higher at auction on BSP inflation outlook
Treasury bill yields were higher at the auction Monday, lifted by the Bangko Sentral ng Pilipinas’ inflation projection for June that suggests monetary authorities could keep interest rates higher for longer.
Globe completes latest round of telco towers sale to Frontier Towers
Globe Telecom on Monday bared the transfer of 187 cell towers to Frontier Towers worth P2.38 billion.
3G pioneer Nokia helping PLDT Enterprise boost its 5G network services
Nokia, the Espoo, Finland-headquartered communications and information technology firm who pioneered the 3G broadcast standard, on Monday committed in joint venture with PLDT Enterprise to provide 5G private wireless network solutions to businesses in the Philippines.
Jollibee aims to triple net income in 5 years primarily through overseas expansion
Ernesto Tanmantiong, president and chief executive officer of Jollibee Foods Corp., aims to triple the net income of the Philippines’ largest restaurant group within the next five years.
Del Monte books wider 4Q net loss of USD76.7 million on weaker US sales
Del Monte Pacific Ltd., the global food and beverage brand listed in the Philippines and Singapore stock exchanges, said Monday had a net loss of USD76.7 million in its fourth quarter ended 30 April, wider than the net loss of USD11.9 million in the same period last year.
