BSP eyes stronger capital markets, market-based operations
The Bangko Sentral ng Pilipinas (BSP) is stepping up efforts to deepen the money market, expand capital market development, and improve cross-border payments to support economic growth and financial stability, BSP deputy governor Zeno Ronald R. Abenoja said at the 4th ASEAN+3 Economic Cooperation and Financial Stability Forum held in November in Hong Kong.
Alex Eala fulfills a promise, delivers SEA Games gold
Under the merciless noon sun of Bangkok, Alex Eala didn’t just play tennis—she settled unfinished business 26 years in the making. The 20-year-old Filipino star dismantled Thailand’s Mananchaya Sawangkaew, 6–1, 6–2, to end the Philippines’ long gold-medal drought in women’s singles at the Southeast Asian Games.
Figaro builds export-ready food platform
Figaro Culinary Group is deepening its long-term growth play as it ramps up operations of Figaro Innovation and Development Inc. (FIDI), a wholly owned subsidiary designed to expand the Group’s food product pipeline, strengthen manufacturing capabilities, and lay the groundwork for future export markets.
DBM pressed to clear CARS arrears
Lawmakers are pressing the Department of Budget and Management (DBM) to finally clear nearly P4 billion in government arrears owed to two major automakers under the Comprehensive Automotive Resurgence Strategy (CARS), a move seen as critical to restoring investor confidence in the Philippines’ industrial policy.
MREIT bulked up with prime offices
MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.
