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CREC likely to move IPO to Q2
The planned initial public offering of Citicore Renewable Energy Corp., potentially the first IPO of 2024, may be moved to the second quarter of the year in line with the expected lowering of interest rates by then......»»
Think tank sees likelihood of BSP rate cuts starting Q2
The Bangko Sentral ng Pilipinas is expected to start cutting interest rates in the second quarter following the economic growth posted last year, according to UK-based think tank Pantheon Macroeconomics......»»
NLEX to start C5 connector
The concessionaire behind the North Luzon Expressway will start linking the toll road to C-5 Road by the second quarter of the year to expand access to all corners of Metro Manila......»»
Economy expands at faster clip of 5.7%
The Philippine economy expanded at a faster pace of 5.7 percent in the first quarter from 5.5 percent in the fourth quarter of 2023, helping the country retain its position as a leading force among emerging economies in Asia......»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
Universal Robina Corp. s sales reach P42.6 Billion in first quarter 24
Universal Robina Corp. s sales reach P42.6 Billion in first quarter 24.....»»
BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%
BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%.....»»
Road Warriors overcome 3rd-quarter slump vs FiberXers
Usually struggling in the third quarter, the NLEX Road Warriors flipped the script and ran away with a massive 115-93 victory over the Converge FiberXers in their PBA Philippine Cup clash on Saturday......»»
‘Lucky to have Bolick’: NLEX guard takes over late in comeback win
Robert Bolick erupts for 16 points in the fourth quarter as NLEX erases a double-digit deficit in the fourth quarter to turn back Meralco.....»»
‘Like a superpower’: LeBron James amazed by his 4th-quarter tear vs Clippers
‘During it, you don’t feel anything. It’s like a superpower,’ says Lakers superstar LeBron James of his 19-point fourth-quarter outburst against the Clippers.....»»
LeBron final-quarter show fuels Lakers comeback over Clippers
The Lakers pull off a furious rally from 21 points down in the final period as LeBron James single-handedly outscores the Clippers in the quarter.....»»
Jimmy Butler ejected in 4th-quarter scuffle but not before helping Heat top Pelicans 106-95
Jimmy Butler ejected in 4th-quarter scuffle but not before helping Heat top Pelicans 106-95.....»»
Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly
Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»
Citicore Renewables officially moves IPO to next quarter
Citicore Renewable Energy Corp. gave notice to the exchange that it “decided to adjust the indicative date of the Offer from March 2024 to the 2nd quarter of 2024.”.....»»
Inflation to average 3.2 percent in first quarter
Inflation is expected to average within the target range of the Bangko Sentral ng Pilipinas in the first quarter, according to First Metro Investment Corp. and University of Asia and the Pacific Capital Markets Research......»»
Economy likely grew by 6.2 percent in Q4
The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»
Rice inventory drops to 17-month low
The country’s rice stocks in February fell to their lowest level in more than a year despite higher imports recorded at the start of the year......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
CebuPac receives 1st plane delivery for 2024
Low-cost carrier Cebu Pacific is kicking off the year with the addition of a new aircraft, the first of 17 deliveries that it expects for this year in line with efforts to expand its fleet......»»
Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»