News: Meralco, Samsung team up for nuclear facilities

Monday, October 14, 2024

Meralco, Samsung team up for nuclear facilities

October 15, 2024

POLICY

Jumbo BSP rate cut has only 15% chance - Nomura

There's only a 15-percent chance that the Bangko Sentral ng Pilipinas (BSP) would resort to a forceful half-point rate cut at its hotly anticipated policy meeting on Wednesday, Nomura Global Markets Research said, citing the need for a "calibrated" shift to easier monetary setting.

By Ian Nicolas P. Cigaral

ENERGY

Meralco, Samsung team up for planned nuclear facilities in PH

Pangilinan-led Manila Electric Co. (Meralco) is on a roll in securing nuclear deals with known players in the global market, this time with a South Korean construction giant. Meralco secured a partnership with Samsung C&T Corp. for its target to steer the development of nuclear energy in the local market.

By Lisbet K. Esmael

ECONOMY

T-bill rates rise as less dovish US Fed seen

Yields on Treasury bills (T-bills) increased for the second consecutive week on Monday, tracking the upswing in US Treasury bond rates as investors tempered dovish bets on the US Federal Reserve.

By Mariedel Irish U. Catilogo

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BIZ BUZZ

Changing of the guard at sports commission

Richard Bachmann is out; John Patrick Gregorio is in as head of the Philippine Sports Commission. Biz Buzz sources say that Gregorio was chosen to take on the top post at the PSC due to his unique background in both the corporate and the sports worlds.

By Tina Arceo-Dumlao

INQUIRER PLUS-EXCLUSIVE

Amid WPS row, no PH windfall from China pump-priming

The Philippines is unlikely to see a big impact from China's planned fiscal stimulus, as the ongoing maritime row over the West Philippine Sea limits Manila's exposure to Chinese investments. In a commentary, Nomura said the Philippines and India are the least exposed to China growth—which can get a boost from Chinese authorities' recent policy blitz.

By Ian Nicolas P. Cigaral

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