Seema Shah, chief global strategist at Principal Asset Management, discusses the impact of higher oil prices on inflation, Federal Reserve monetary policy and investment portfolios. "Assuming that oil prices remain at around $100 a barrel until the end of the year has to be part of the decision-making process when we're thinking about portfolios," Shah tells Bloomberg Television. (Source: Bloomber

CHINESE electric vehicle (EV) maker XPENG plans to open eight showrooms across Metro Manila, Cebu, and Davao by…

THE National Grid Corp. of the Philippines (NGCP) is targeting the completion of six transmission projects worth about P23.5 billion by yearend as the grid operator works to address transmission reliability amid power supply constraints. At a briefing on Thursday, NGCP Assistant Vice-President Cynthia P. Alabanza said the company had already completed five transmission projects […]

REMITTANCE FLOWS from overseas Filipino workers (OFWs) are likely to remain subdued until yearend as overseas deployment slows and renewed hostilities in the Middle East create more volatility, banks said.

ALT: Long Tears

EAST ZONE concessionaire Manila Water Co., Inc. is targeting to complete the replacement of its decades-old San Juan reservoir by yearend to boost water storage capacity for communities in Metro Manila. In a statement on Monday, the water service provider said the P970-million San Juan reservoir was 84% complete as of July and will be […]

PUMA Sports Philippines plans to open nine more mono-brand stores before the end of the year, bringing its network to 53 outlets as it expands through a mix of company-owned and partner-operated locations. “We are at 44 now. Nine to go,” PUMA Sports Philippines Country Manager Paolo Misa told BusinessWorld in a Viber message. Of […]

LISTED Philippine Seven Corp. (PSC), the exclusive licensee of the 7-Eleven convenience store brand in the Philippines, said it expects to reach 5,000 stores by yearend despite external headwinds. “We’re still upbeat about our business model even in these times,” PSC Chairman Jose Victor P. Paterno told reporters on the sidelines of an event on […]

THE SOCIAL Security System (SSS) aims to grow its investment income to P71.41 billion by the end of this year, driven mainly by government securities. This will come from total investments estimated at P1.44 trillion by yearend with an expected return on investment (RoI) of 6.11%. At end-June, SSS’ investment income was at P21.157 billion […]

GOLDILOCKS Bakeshop, Inc., part of the SM Group, is looking to add as many as 100 stores to its Philippine network this year, with its domestic store count expected to approach 1,100 by yearend. “We typically explore opening close to 100 stores per year. But of course, not all of them become executable. So the […]

THE RECOVERY in the National Government’s (NG) spending on infrastructure and other capital outlays is not expected until the fourth quarter, with outlays programmed to remain below year-earlier levels through September before surging toward yearend.

SHELL PILIPINAS Corp. (SPC) expects to commission its first import terminal in the Visayas in Cebu by yearend, an official said. SPC Chief Financial Officer Reynaldo P. Abilo said the facility will be the company’s fifth import terminal in the Philippines and is expected to provide a competitive advantage and growth opportunities. “Having that import […]

AYALA LAND, Inc. (ALI) and Leonio Land Holdings, Inc. are targeting a soft opening by yearend for the first neighborhood retail hub at their 1,800-hectare Alviera estate in Porac, Pampanga. Construction of The Shops Alviera is under way, the companies said in a statement on Monday. Ayala Land described the development as its first “signature […]

THE Philippine Stock Exchange (PSE) expects capital raising through the equities market to reach about P203.4 billion this year, with two initial public offerings (IPOs) still expected before yearend, PSE President and Chief Executive Officer Ramon S. Monzon said.

THE Philippines’ high exposure to inflation risks could prompt the central bank to tighten its monetary policy further despite its weak growth prospects, Oxford Economics said.    In a report dated Aug. 11, the United Kingdom-based think tank said the Bangko Sentral ng Pilipinas (BSP) could still deliver an additional 50 basis points (bps) in […]