AboitizPower to acquire 25% stake in Vietnam power plant
Aboitiz Power Corp. (AboitizPower) said on Thursday that it will acquire a 25% equity stake in Vietnam’s Van Phong Power Co. Ltd. (VPCL) from...
Ayala Land raises P15 billion from sustainability-linked bonds
Ayala Land, Inc. (ALI) has raised P15 billion from the issuance of sustainability-linked bonds (SLBs), the fourth tranche under its P50-billion debt securities program.
The...
Marcos signs bill banning POGOs
President Ferdinand R. Marcos, Jr. has signed a measure banning all Philippine Offshore Gaming Operators (POGOs), citing links to money laundering and human rights...
Maynilad kicks off IPO offer, eyes up to P34.3 billion
Philippine water utility Maynilad Water Services, Inc. kicked off the offer period on Thursday for its initial public offering worth up to P34.3 billion...
DEPDev backs push for online gambling ban
By Kenneth Christiane L. Basilio, Reporter
The Philippines’ economic planning department on Wednesday said a total ban on online gambling would likely have minimal impact...
Maynilad sets final IPO price at P15 per share
WEST zone water concessionaire Maynilad Water Services, Inc. has set the final offer price for its initial public offering (IPO) at P15 per share,...
Canva, Snapchat, Roblox, other apps hit by AWS regional outage
Several major apps, including Canva, Snapchat, and Roblox, went down on Monday due to an outage at Amazon Web Services (AWS), the company’s cloud...
ERC OKs higher FIT-All rate; power bills may rise in November
Power consumers may see higher electricity bills starting November as the Energy Regulatory Commission (ERC) approved a new feed-in tariff allowance (FIT-All) rate.
The regulator...
Magnitude 6.2 quake jolts Surigao del Norte
A magnitude 6.2 earthquake struck off the coast of Surigao del Norte on Friday morning and was felt in several areas, according to the...
No tsunami threat in PH after 6.7 magnitude quake in Indonesia
There is no tsunami threat in the Philippines following the 6.7-magnitude earthquake that struck neighboring Papua, Indonesia, on Thursday, according to the state seismology...
Philippines says Chinese forces harassed patrol plane near Scarborough Shoal
By Kenneth Christiane L. Basilio, Reporter
Chinese forces harassed a Philippine maritime patrol aircraft near the disputed Scarborough Shoal in the South China Sea, Manila’s...
Philippines cash remittances jumps 3.2% August
MANILA — Cash remittances rose by 3.2% in August from a year earlier to $2.98 billion, the Philippine central bank said on Wednesday.
For the...