NG posts P11.2-B surplus in October
THE NATIONAL GOVERNMENT’S (NG) fiscal position swung to a surplus in October as revenues and expenditures declined amid a corruption scandal, the Bureau of the Treasury (BTr) said on Wednesday.
Frozen assets linked to flood control scandal reach nearly P12 billion
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said more assets linked to the flood control scandal have been frozen, bringing the total so far...
DA probes slow imports of red onions as prices soar past P300 per kilo
THE Department of Agriculture (DA) said it has ordered importers to explain the slow arrival of red onion shipments, warning that unused import permits will be canceled and reallocated as retail prices climbed above P300 per kilo ahead of the holiday season.
PHL manufacturers need to move up the value chain
PHILIPPINE MANUFACTURERS should go up the value chain to produce more globally competitive export products and cater to the country’s growing domestic base amid...
Ayala Land raises P4 billion from block sale of AREIT ahead of asset infusion
AYALA LAND, INC. raised P4.19 billion from a block sale of 100 million shares in its real estate investment trust AREIT, Inc., as it prepares to inject mall properties into the trust.
PXP eyes long-term gains from exploration contracts — MVP
UPSTREAM OIL and gas company PXP Energy Corp. is bracing for an extended and capital-intensive exploration phase following the award of three new petroleum...
PSE elects two new directors to board
THE Philippine Stock Exchange (PSE) on Wednesday elected Cecile L. Ang as its nonbroker director representing investors, and Jaime J. Bautista as an independent...
Golden ABC plans 50-80 stores next year across six brands
PHILIPPINE FASHION retailer Golden ABC, Inc. plans to open 50 to 80 stores next year across its six brands, reflecting confidence in the retail...
EastWest to increase tech spend
EAST WEST Banking Corp. (EastWest Bank) plans to gradually increase its spending on technology next year to expand its online capabilities and improve its...
Raslag, Singapore partner near close on Philippine wind JV
RENEWABLE ENERGY developer Raslag Corp. and Singapore-based Verdant Philippines Alpha Pte. Ltd. are poised to finalize a joint venture (JV) to acquire a controlling stake in PHESI Holdings Corp., following approval from the Philippine Competition Commission (PCC).
BDO raises $500M from dollar bonds
BDO UNIBANK, Inc. has raised $500 million from its sale of five-year dollar-denominated bonds that marked its return to the offshore debt market after...
Acciona eyes 2-GW RE pipeline in PHL
SPANISH renewable energy developer Acciona Energía is moving to expand its footprint in Southeast Asia with more than two gigawatts (GW) of renewable energy...