Tag: Transportation Secretary Jaime Bautista

Companies and foundations linked to tycoon Enrique K. Razon Jr. have launched a coordinated humanitarian response following  the magnitude 7.8 earthquake that struck southern Mindanao on June 8, mobilizing logistics, utilities, and community resources to support relief operations in General Santos City and Sarangani.

The Securities and Exchange Commission (SEC) is developing a formal regulatory framework for market making in listed securities, aiming to revive market activity and bring local practices in line with global standards. It has released the Draft SEC Rules on Market Making for public feedback until July 7.

Government securities yields mostly climbed at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ (BSP) surprise 25-basis-point rate increase, although strong demand continued to underscore ample market liquidity.

The Philippine hotel industry is shifting its focus to domestic travelers as geopolitical tensions in the Middle East disrupt international arrivals and slow foreign bookings, prompting operators to brace for a gradual recovery only by the fourth quarter.