International news
News from wire services and other publishers.
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Infrastructure spending eases to P89.6 billion in July
The government’s infrastructure expenditures remained sluggish in July as lower disbursements by the Department of Public Works and Highways continued to weigh on spending, although the contraction tapered off.
Philippines secures ADB assistance to combat financial crimes
The Philippines has secured a technical assistance package from the Asian Development Bank to strengthen the country’s defenses against financial crimes, according to the Department of Finance.
GCash is going public. But it already belongs to the public
GCash is going public. In one important sense, however, it went public years ago; not because Filipinos owned its shares, but because Filipinos began depending on it.
‘BSP should avoid rate hikes to defend peso’
The Bangko Sentral ng Pilipinas should avoid using interest rate hikes primarily to defend the peso and instead keep monetary policy focused on inflation, according to Manulife Investments Philippines, as elevated US…
Asian Eye offers discounts to mark 25 years of eye care excellence, innovation
Asian Eye Institute, a pioneer in multi-specialty eye care in the Philippines, is opening its doors wider to the community as it celebrates its 25th anniversary with initiatives aimed at making quality eye care more…
Casino Plus taps Peter & Sons for gaming content
Casino Plus has entered into a strategic content partnership with acclaimed international game studio Peter & Sons, expanding its mobile-driven gaming ecosystem with distinctive global content.
Ignite Power open to Socoteco 2 deal safeguards
Ignite Power is open to an anti-dilution provision in its proposed deal with South Cotabato II Electric Cooperative to protect the utility’s board representation and voting rights.
Ayala Malls expands solar installations
Ayala Malls is rolling out rooftop solar installations across more shopping centers to accelerate its shift to renewable energy.
USDA sees slower sales for Philippines food, beverages
The Philippines’ food and beverage retail sales are expected to grow at a slower pace this year due to rising costs and slower consumer spending, according to the US Department of Agriculture.
Converge’s subsea cables spare Filipinos from internet outage
Broadband provider Converge ICT Solutions Inc. found an immediate return on investment in its new subsea cable to Singapore when it spared subscribers from internet disruption over the weekend.