EEI board OKs 20-M preferred share issuance
EEI CORP. is tapping the capital market to raise more funds to help clear the company’s debts and fund its upcoming projects, the listed construction company said on Wednesday. …
Category: Business
Gary Wang, a Top FTX Executive, Is Given No Prison Time
Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022. Source …
BusinessWorld Forecast 2025 to explore PHL’s path towards steady growth
THE PHILIPPINES is still poised to become one of the fastest-growing economies in Southeast Asia next year, but it faces challenges in maintaining the momentum. BusinessWorld Forecast 2025, “PH …
PEZA approvals hit P186B as of mid-Nov.
THE PHILIPPINE Economic Zone Authority (PEZA) has greenlit P186.098 billion in investment pledges as of Nov. 13, surpassing the total approvals in 2023. This was 32.1% higher than the …
Peso slides to over two-year low
THE PESO sank to an over two-year low on Wednesday amid escalation in the Russia-Ukraine war as well as further signals on US President-elect Donald J. Trump’s economic policies. …
Inflationary pressures may prompt pause in December — Remolona
INFLATIONARY PRESSURES could prompt the Philippine central bank to pause its easing cycle, but a slowdown in growth may leave room for another rate cut, its governor said on …
BoP position swings to deficit in Oct.
THE COUNTRY posted a balance of payments (BoP) deficit of $724 million in October as the government repaid external debt, the Bangko Sentral ng Pilipinas (BSP) said. Source link
Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles. Source link
Nvidia’s Earnings Report: What to Watch
Investors have high hopes for the chipmaker, the world’s most valuable company, which has enormous influence over the stock market. Source link
Upskilling for the Philippine Energy Transition: The AboitizPower-JERA Talent Exchange Program
Strategic partners Aboitiz Power Corporation (AboitizPower) and Japan’s JERA Co., Inc. (JERA) are working to further the energy transition within their own countries through innovation, collaboration and growth. The …