BSP governor rules out easing rates ‘soon’
The central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signaled that borrowing costs will remain higher for longer.
EEI unit to build solar rooftop system for Dagupan Doctors Hospital
Listed EEI Corp. said Thursday that its energy unit, EEI Power Corp., recently signed a deal for the construction of a 145.2 kiloWatt-peak solar photovoltaic rooftop system at the Dagupan Doctors Villaflor Memorial Hospital in Dagupan City.
Education, construction drive PHINMA earnings growth
PHINMA Corp. said Thursday it ended 2023 strongly, with net profit rising P1.63 billion from P1.53 billion, on sustained enrollment growth at its affordable education venture and improved cost efficiency at its construction materials group.
ING completes share buyback program
The Dutch financial services giant ING on Wednesday reported completing the share buyback program it announced in November last year. The shares it bought back under the program totaled 194,812,543 ordinary shares at an average price of €12.87 for a total consideration of €2,508,135,596.18.
50% more Chinese visited the Philippines at this year’s CNY celebrations – Alipay+Travel
The shopping activities of mainland Chinese tourists visiting the Philippines during the Chinese New Year (CNY) rose 50 percent higher this year than in 2023, the cross-border payment platform Alipay+ said on Wednesday.
