Inflation may breach 9% in Feb. — BSP
A vendor arranges eggs in boxes at a store along Blumentritt in Manila. Prices of eggs continued to increase in February, which may have contributed to faster inflation. — PHILIPPINE STAR/WALTER BOLLOZOS By Keisha B. Ta-asan, Reporter HEADLINE INFLATION may have breached
IT-BPM sector revenues increase by 10% in 2022
THE INFORMATION TECHNOLOGY and business process management (IT-BPM) sector saw its revenues jump by 10.3% in 2022, driven by key segments such as banking, financial services, and healthcare. In a statement, the IT and Business Process Association of the Philippines (IBPAP)
Gov’t sticks to 6-7% growth goal this year
THE PHILIPPINE ECONOMY is expected to expand by 6-7% this year, slower than the 7.6% growth in 2022. — PHILIPPINE STAR/WALTER BOLLOZOS THE DEVELOPMENT Budget Coordination Committee (DBCC) will likely retain the economic growth target and inflation assumption for this year,
SM Investments’ net income up 53% as economy recovers
BW FILE PHOTO SY-LED SM Investments Corp. reported a 52.7% increase in net income for 2022 to P61.7 billion from P40.4 billion, which it attributed to the country’s economic recovery and the actions it took during the pandemic. “We are stronger today
Strong coal, power sales fuel SMPC record profit
SEMIRARA Mining and Power Corp. (SMPC) posted a record-high net income of P39.9 billion in 2022, more than double the P16.2 billion recorded a year earlier, on strong domestic coal shipments and higher electricity sales at the spot market. “Last year,
Meralco to negotiate lower rate for new emergency power supply deal
PHILIPPINE STAR/ MICHAEL VARCAS MANILA Electric Co. (Meralco) said it is negotiating with Aboitiz Power Corp. to forge another 300-megawatt emergency power supply agreement (EPSA) for one month. “We have also requested GNPD (GNPower Dinginin Ltd. Co.) for an extension of another
MRC Allied to acquire common shares in PT&T
MRC ALLIED INC. FACEBOOK PAGE LISTED company MRC Allied, Inc. is set to acquire 500 million common shares in Philippine Telegraph and Telephone Corp. (PT&T) to mark its venture into information and communication technology. “Our partnership with PT&T will result in clear
Converge, Korea’s KT plan digital transformation tie-up
DAVID ARROWSMITH-UNSPLASH LISTED fiber internet provider Converge ICT Solutions, Inc. and South Korea’s KT Corp. signed a memorandum of understanding (MoU) that aims to support digital transformation in the Philippines. “This potential partnership with KT will allow us to co-innovate and deliver
EdgePoint to build new sites, increase number of tenants in 2023
TELECOMMUNICATIONS infrastructure company EdgePoint Infrastructure Sdn. Bhd. said it is targeting to increase its sites and the number of its tenants in the Philippines this year, banking on the company’s optimistic outlook for the industry in the country. “We think it
Warp and weft of life
1 of 2 By Sam L. Marcelo FASHION designer Patis Tesoro and Romanian textile conservator Florica Zaharia are bonded by the belief that what we wear can be art, as worthy of care and attention as the monuments erected in honor of