Gov’t plans inflation-linked bonds
By Paolo G. Montecillo
The Philippine government is planning to issue inflation-linked peso bonds to fund part of its deficit this year, taking advantage of the slow rise in consumer prices to secure cheap funding.
The Philippine government is planning to issue inflation-linked peso bonds to fund part of its deficit this year, taking advantage of the slow rise in consumer prices to secure cheap funding.
The local stock barometer surged sharply Tuesday, retesting the 6,500 level although in thin trade, as the recent depreciation of the peso was seen boosting local consumer spending and corporate profits.
Solving Mindanao’s power crisis and pursuing projects to bolster the local tourism sector should be the Aquino administration’s top priorities if it hopes to achieve “inclusive” economic growth in the Philippine countryside.
Philippine record labels scored a legal victory against piracy when the Intellectual Property Office of the Philippines (IPOPHL) slapped a 72-hour temporary restraining order on www.Kat.ph, which users can access to download music for free.
Tax collections of the Bureau of Internal Revenue (BIR) rose by nearly a fifth in May, but fell short of the official target for the month, data released on Monday showed.
Most local stocks firmed up for a second session in a row on Monday as regional markets stabilized ahead of a crucial US Federal Reserve open market committee meeting this week.
Hong Kong-based First Pacific Co. Ltd., headed by businessman Manuel V. Panglinan, confirmed that it was in talks with Korea Water Resources Corp. on a potential partnership involving the 246-megawatt (MW) Angat hydropower plant in Bulacan.
Malaysia, the Philippines and Indonesia have the most active people on social media, at least among consumers who frequent Starbucks coffee shops, based on a survey released by social engagement platform Local Measure.
Every minute of every day, somewhere among and between the 7,100 islands of the Philippines, a boat is sailing, a ship is navigating, a Ro-Ro (roll on-roll off) is transporting cargo and passengers, and seafarers are going about their merry business out there in the sea.
Our favorite chocolate bars such as Toblerone, Meiji and those made by other popular companies might not be going out of the shelves soon but with the continuing downtrend in world cacao supply, they could be priced too high that we won’t afford them anymore.
This year’s Globe Cordillera Challenge 4 broke all records of previous years—has the longest route at 65 kilometers; more than 400 bikers joined; and a young 17-year-old student beat them all to the finish line.
Most local stocks took a respite Friday after the massive bloodbath seen in the last few days, tracking the rebound across regional markets.
