International news
News from wire services and other publishers.
Page 27
Forex loans rise to $16.3 billion in Q2
Banks’ foreign currency loans rose by 5.6 percent to $16.31 billion in the second quarter from $15.44 billion in the previous quarter, driven mainly by stronger borrowing by exporters and other industries, the Bangko…
EPIRA at 25: The distribution utilities
The Electric Power Industry Reform Act of 2001 (EPIRA, RA 9136) turned 25 years old this year. I wrote a three-parts series last month in my column in BusinessWorld: “EPIRA at 25: More lights, less blackouts, fewer…
ABS-CBN shareholders OK P6 billion placement
Media giant ABS-CBN Corp. has received a P6-billion placement from the Lopez family and its new investor, increasing the company’s shares and adding seats to the boardroom.
ACEN takes in Dutch partner for solar project in India
Zobel-led ACEN Corp. is partnering with Netherlands-based Diamond India Renewables One B.V. for yet another solar power project in India.
ShopSM, Penshoppe, Bench among top Asian retailers
Local retail powerhouses ShopSM, Penshoppe and Bench made it to the inaugural Brand Conviction Index: Asia’s Top 100 Retailers.
Building tomorrow’s power grid
After 25 years, the Electric Power Industry Reform Act of 2001is back in the spotlight. The Philippines’ top energy leaders convened at a recent roundtable to judge EPIRA’s record after a quarter of a century.
Government debt piles up to P19.6 trillion in August
The national government’s outstanding debt climbed to a new record high of P19.61 trillion at the end of August as fresh borrowings and a weaker peso pushed up both domestic and foreign obligations.
Inflation worries sink stocks to 10-month low
The local stock market sank to a fresh 10-month low amid growing concerns over rising inflation.
MGEN, VITRO to build RE-powered data centers
Meralco PowerGen Corp. and PLDT’s VITRO REIT Inc. are embarking on a strategic venture to develop data centers powered by renewable energy.
Trade balance improves as deficit narrows to lowest in 15 months
The country’s trade deficit in August narrowed to its lowest level in over a year as exports grew faster than imports, according to the Philippine Statistics Authority.