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Peso may depreciate further on US recession fears due to hawkish Fed - BusinessWorld OnlineThe local unit closed at P54.985 on Friday, weakening by 28.5 centavos from its P54.70 finish on Thursday, data from the Bankers Association of the Philippines showed. This was the peso’s weakest finish in over 16 years. READ:
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New taxes needed, Balisacan says - BusinessWorld OnlineNew taxes may have to be introduced to fund the incoming Marcos administration’s priority projects, but the timing would have to be carefully considered, Socioeconomic Planning Secretary-designate Arsenio M. Balisacan said. READ:
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Weak peso to further bloat PHL debt stock - BusinessWorld OnlineThe Philippines may find it more costly to service its foreign debts, as the peso slumped to its weakest value against the US dollar in over 16 years, economists said. READ:
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Hamilo Coast: Nurturing nature for 15 years and beyond - BusinessWorld OnlineSM Prime Holdings, Inc., one of the largest integrated property developers in Southeast Asia, has incorporated its sustainable practices in its developments early on. Through SM Prime’s Costa Del Hamilo Inc., a leader in the leisure resort industry and the movers behind Hamilo Coast – this premium seaside complex in Nasugbu, Batangas, fosters a tangible connection with nature. Marking its quindecennial year, Hamilo Coast looks back at its milestones and achievements with its core emphasis on sustainable development. in Nasugbu, Batangas, fosters a tangible connection with nature.
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Next DICT chief cool to lowering spectrum user fees - BusinessWorld OnlineSPECTRUM USER FEES (SUF), which telecommunications companies described as excessive, are unlikely to be lowered under the Marcos administration, as the government needs to boost revenue collection to cope with the crisis, the next chief of the Department of Information and Communications Technology (DICT) said.
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Monkeypox is not yet a global health emergency — WHO official - BusinessWorld OnlineLONDON — Monkeypox is not yet a global health emergency, the World Health Organization (WHO) ruled on Saturday, although WHO Director-General Tedros Adhanom Ghebreyesus said he was deeply concerned about the outbreak.
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