THE GOVERNMENT fully awarded its offer of Treasury bills (T-bills) at mostly higher rates on expectation of another hike by the Bangko Sentral ng Pilipinas (BSP) next week amid elevated inflation.The Bureau of the Treasury (BTr) raised P15 billion as planned from its auction of T-bills on Monday, with bids reaching P43.77 billion.Broken down, the Treasury made a full P5-billion ...

CONVERGE ICT Solutions, Inc. on Monday said that its planned digital hub and tech city in Pampanga will be the largest in the country.“To share something very close to my heart, I plan to build the biggest digital hub and tech city in the country in Pampanga,” Converge Chief Executive and Co-Founder Dennis Anthony H. Uy said at the Makati ...

EAGLE Cement Corp. registered a 34.2% decrease in its attributable net income to P1.3 billion in the second quarter as production costs increased due to surging prices and supply chain difficulties.In its quarterly financial report on Monday, the company’s topline rose by 18.3% to P6.85 billion for the three months ending June from P5.79 billion in the previous year.It said ...

RIZAL Commercial Banking Corp. (RCBC) booked a higher consolidated net income in the first half of the year following the robust performance of its core businesses.The lender’s consolidated net income rose by 84% year on year to P6.14 billion in the January to June period, it said in a disclosure to the stock exchange on Monday.This translated to a return ...

PROPERTY developer Cebu Landmasters, Inc. is increasing the size of its bond issuance to a full-on base of P8 billion — from a P5-billion base with a P3-billion oversubscription option — after strong participation interest from institutions.The issuance would still be the initial tranche of its shelf-registered P15-billion debt securities program that will be used in three years.The bonds will ...

A GROUP of students’ journey to fulfilling their hopes and dreams is the focus of iWantTFC’s new musical drama series Lyric and Beat. The show premieres on Aug. 10.Written and directed by Dolly Dulu (The Boy Foretold by the Stars, and Love Beneath the Stars), Lyric and Beat is influenced by her background in theater and exposure to musicals such ...

TOOKITAKI, a regulatory technology firm based in Singapore, is entering the Philippine market to bring scalable and machine learning-powered product offerings to help financial institutions address money laundering risks.Tookitaki Chief Executive Officer and Founder Abhishek Chatterjee said in an interview with BusinessWorld last week that the firm will offer Anti-Money Laundering Solutions (AMLS) to enable businesses to build comprehensive and ...

PHOTO BY MIKE GONZALEZTHE Supreme Court (SC) has affirmed a ruling by the  Court of Appeals (CA), which denied Hawkson’s Truck and Parts Center Corp.’s motion to lift the freeze order on its bank accounts.The firm is owned by Joel A. Apolinario, the founder of Kabus Padatoon-Community Ministry International (KAPA), which the Securities and Exchange Commission (SEC) tagged as possibly ...

THE Araneta Group is planning to launch the Gateway Mall expansion in December, and the ibis Styles Hotel by early 2023.In a statement, the Araneta Group said the P5-billion Gateway Mall 2 will have 190,000 square meters (sq.m.) over eleven levels offering new choices for shopping, dining, entertainment, and leisure.“Gateway Mall 2 promises to be like no other mall in ...

1 of 2LOS ANGELES — Bullet Train, a John Wick-ian romp with Brad Pitt in the aisle seat, arrived in North American theaters with a $30.1 million opening weekend. That’s enough to top the domestic box office chart, but it’s only a so-so result given Bullet Train’s $90 million price tag and Mr. Pitt’s star power. The Sony Pictures release ...