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The government is set to borrow P180 billion from the domestic market through the sale of T-bonds and T-bills in the second quarter, the Bureau of the Treasury (BTr) said yesterday.

 Term deposit continued to fetch higher yield as investors expect the US Federal Reserve to further raise interest rates this year.

The board of directors of the parent firm of Philippine Airlines (PAL) has approved an equity restructuring to remove both existing and additional deficit to be incurred after the acquisition of Zuma Holdings and Management Corp. and  subsidiary Air Philippines.

Columns

It would seem President  Duterte’s diplomatic skills are coming into fruition with the ambassadors of major superpowers US and China going to Davao City to wish him a happy birthday.

Today, we recognize the latest batch of Filipina entrepreneurs who are great examples for the next generation.

It’s summer, and with it comes the scorching heat – and brownouts.

Latest Business News

Even with the change in name, PXP Energy Corp. will continue to focus on existing oil and gas projects while scouting for renewable energy (RE) developments this year.

Mannage Resources Trading Corp. (MRTC) has been given the go signal to withdraw and sell to the domestic market some 20,000 metric tons of steel imported from China.

The wireless unit of PLDT Inc. is aiming to increase 4G or Long Term Evolution (LTE) coverage to a total of 785 municipalities by the end of this year.

Eagle Cement Corp. (ECC), the soon-to-list cement company of the Ang family, expects to dominate the industry by 2020 in terms of capacity as it conquers the Visayas and Mindanao region with a new cement plant in Cebu and terminals across the two islands, its top official said.

The Center for Global Best Practices is holding a seminar titled, “Refresher Course on Business English for Professionals and Executives” on April 27 and 28 at the Marriot Hotel, Resorts World Complex, Pasay City.

Qiān suàn wàn suàn bù zhí tiān yì huá, a Chinese proverb meaning a thousand or ten thousand schemes are no match to one stroke of heaven. John Steinbeck’s own take — “The best laid schemes of mice and men often go awry.

SBS Philippines Corp., a listed chemical trading company, will diversify its business to include acquiring or participating in investments in property related assets.

The Energy Regulatory Commission (ERC) needs to form a policy in centralizing the competitive selection process (CSP) which will create a level playing field for distribution utilities (DUs) and electric cooperative (ECs) in securing power supply deals with generation companies.

The Insurance Commission has reduced the number of documentary requirements for insurance companies as part of efforts to cut red tape.

The Philippines may be better off having two profitable telecommunication companies providing mobile internet connectivity, a telco industry executive said.

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