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Monday, June 17, 2024

Business

Foreign debt climbed by 8.3% to hit $128.7b as of end-March

The foreign debt of the Philippines climbed by nearly $10 billion, or 8.3 percent, to reach $128.7 billion as of end-March from a year ago, the Bangko Sentral ng Pilipinas (BSP) said over the weekend. It said that on a quarter-on-quarter basis, the external debt rose 2.6 percent from $125.4 billion as of end-December 2023. The BSP said despite the uptick in the debt stock, the external debt ratio (EDT expressed...

Maynilad eyes earlier IPO to finance P163-b capital spending

Maynilad Water Services Inc. is looking at an earlier launch for its...

TRB acquires NDC property in Pandacan

The National Development Company (NDC) and the Toll Regulatory Board (TRB) signed...

ERC denies motion to reconsider Meralco tariff

The Energy Regulatory Commission (ERC) said Sunday it denied motions from various...

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SOPA announces Pushkart.ph purchase

Society Pass Inc. (Nasdaq: SOPA), a leading Southeast Asian data-driven loyalty platform, announced Tuesday the acquisition of Pushkart.ph a leading online grocery delivery service...

SPNEC okays P10-b stock rights offering

Solar Philippines Nueva Ecija Corp. (SPNEC) plans to raise P10 billion from a stock rights offering. SPNEC said in a disclosure to the stock exchange...

Market falls; AC Energy and SPNEC lead losers

Stocks fell Tuesday to join the rest of Asian markets on fears that Russia is about to invade Ukraine. The Philippine Stock Exchange Index lost...

Japan’s GDP rebounds before Omicron wave hit

TOKYO, Japan—Japan’s economy rebounded in the last part of 2021, as virus cases slowed and restrictions were eased, spurring demand before the Omicron wave...

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