D.M. WENCESLAO and Associates, Inc. expects to add 200,000 square meters (sq.m.) of gross leasable area (GLA) and about 30,000 sq.m. of sellable floor area (SLA) in its portfolio next year. The addition will be through the completion of three projects, namely: Aseana Plaza, Aseana Mainstreet 2, and One Parq Suites. Aseana Plaza and Aseana Mainstreet 2 are the two ...

YIELDS on government securities (GS) were mixed last week after the Treasury fully awarded auction offerings and the central bank hiked policy rates for the fourth time this year. GS yields, which move opposite to prices, fell by 2.62 basis points (bps) on average week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of Aug. ...

BW FILE PHOTO THE PESO may continue to depreciate against the dollar this week as market players anticipate the US Federal Reserve’s policy direction in bringing inflation within target at their annual global central bankers’ conference on Friday. The local unit closed at P55.93 on Friday, weakening by 4.2 centavos from its P55.888 finish on Thursday, data from the Bankers ...

PHILIPPINE SHARES may move sideways this week on profit taking after its last week’s rally as investors wait for more economic catalysts that would point to sustainability. The Philippine Stock Exchange index (PSEi) posted gains on Friday, inching up by 39.23 points or 0.57% to close at 6,863.86, while the broader all shares index went up by 15.80 points or ...

PEOPLE flocked to the Department of Social Welfare and Development’s Dagupan City office on Saturday for cash aid. — DAGUPAN CIO By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINE government should coordinate with local authorities after chaos marred its aid payout to poor students, experts said at the weekend, amid spiraling oil and food prices. The government has not learned ...

PHILIPPINE STAR/ RUSSEL PALMA By John Victor D. Ordoñez, Reporter THE GOVERNMENT of Ferdinand R. Marcos, Jr. appears to be continuing his predecessor’s practice of tagging people as communists without basis, political analysts said at the weekend, after the indictment of members of a religious group for terrorist financing. “This is a continuation of the previous administration’s policy of red-tagging, ...

PHILSTAR FILE PHOTO THE House of Representatives will receive the P5.26 trillion proposed 2023 national budget today, Aug. 22, giving it just under six weeks to pass an appropriations bill before recess, a senior legislator said. “The budget process starts here and we want to give all House members time to scrutinize the proposed budget. I can confidently say that we can ...

WIKIMEDIA COMMONS By Alyssa Nicole O. Tan, Reporter THE Philippines is running late with its regulatory preparations for a safe nuclear power transition, the head of the Senate energy committee said. Senator Rafael T. Tulfo said a law is needed to lay down standards for the incorporation of nuclear power companies, the construction of power plants, and the their operation. ...

By Revin Mikhael D. Ochave, Reporter CONCENTRIX, an information technology and business process outsourcing (IT-BPO) company, said the government appears to be “receptive” to the industry’s proposals to expand work-from-home (WFH) arrangements. Chris Caldwell, Concentrix president and chief executive officer, said on the sidelines of a company launch of three new sites last week that he is optimistic that the ...

REUTERS THE Philippines and Thailand have agreed to update their tourism promotion agreement in aid of both countries’ economic recoveries. In a statement over the weekend, the Department of Tourism (DoT) said Secretary Maria Esperanza Christina G. Frasco and her Thai Ministry of Tourism and Sports counterpart Phiphat Ratchakitprakarn agreed to the update on the sidelines of the 11th Asia-Pacific Economic ...