Onions are for sale at a supermarket in Quezon City, Jan. 16. — PHILIPPINE STAR/MIGUEL DE GUZMAN HEADLINE INFLATION likely settled within the 7.5% to 8.3% range in January due to a rise in power and water rates, and higher pump prices, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.    The BSP’s month-ahead forecast range indicates that inflation ...

A woman fixes the display of Chinese lanterns at a mall in Manila. — PHILIPPINE STAR/EDD GUMBAN THE INTERNATIONAL Monetary Fund (IMF) kept its growth projection of 5% for the Philippines this year, even as it slashed the forecast for the ASEAN-5 grouping amid a looming global economic slowdown. “Our projections, which pre-date the release of the fourth quarter 2022 ...

A Philippine flag flutters in the air at the Bonifacio Monument in Caloocan City in this file photo. — PHILIPPINE STAR/MICHAEL VARCAS By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES saw its ranking improve one spot in a global corruption index by watchdog Transparency International, although its score remained at record low. Based on the 2022 Corruption Perceptions Index (CPI), ...

Bank clients withdraw money from automated teller machines in Makati, Metro Manila, Aug. 2, 2016. — REUTERS By Keisha B. Ta-asan, Reporter GROWTH in bank lending slowed in December, data from the Bangko Sentral ng Pilipinas (BSP) showed, reflecting the impact of higher interest rates.  Outstanding loans issued by universal and commercial banks increased by 13.4% year on year to ...

LOMBARDI A TOTAL of 14 groups have shown interest in the 165-megawatt Casecnan hydroelectric power plant in Nueva Ecija that the government plans to sell to the private sector, state-led Power Sector Assets and Liabilities Management Corp. (PSALM) said on Tuesday. Dennis Edward A. Dela Serna, president and chief executive officer of PSALM, said in a media release that he ...

MAKASSAR Port Container Terminal in Indonesia — ICTSI.COM LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Tuesday that it had ended its operations at the Makassar Container Terminal in South Sulawesi, Indonesia. ICTSI and state-owned PT Pelabuhan Indonesia IV (Pelindo IV) have “mutually agreed” not to renew their cooperation agreement, the Enrique K. Razon, Jr.-led company told ...

THE Metropolitan Waterworks and Sewerage System (MWSS) said that a total of 222,221 customers of Maynilad Water Services, Inc. affected by the water service interruptions in areas served by the concessionaire’s Putatan water treatment plants will receive a rebate. In a virtual press briefing on Tuesday, Joel A. Dominguez, department manager of MWSS regulatory office’s operations monitoring, said that 18,032 ...

GLOBE Telecom, Inc. has completed pilot deployments of the first multi-beam, multi-band lens antenna technology aimed at improving customer service, the company announced on Tuesday. According to the company, the new solution was invented by MatSing Ltd. and implemented by IBMS Technology Phils. Corp. It provides improved mobile capacity and reduces coverage holes. “The lens antenna easily meets capacity demands ...

A SCREENSHOT from Mark Inducil’s Epiphany. AFTER one year online and another in a hybrid set up, Art Fair Philippines celebrates its 10th year with its return to The Link carpark in Makati City on Feb. 17 to 19. Last year, the fair’s nine-day physical exhibition at the Ayala Triangle Gardens was visited by 18,000 people; while the online activities ...

RESIDENTIAL home developer Ovialand, Inc. exceeded its revenue target for 2022, recording a double-digit topline growth as its operations further expanded ahead of a planned maiden listing. In a press release on Tuesday, the company reported a 62% increase in full-year revenues to P1.35 billion from P833.1 million in 2021. It did not disclose net income figures. “We are excited ...