Greenergy ends partnership with RYM, landowners
ANTONIO L. Tiu-led Greenergy Holdings, Inc. on Tuesday announced that it had discontinued its partnership with RYM Business Management Corp. and some landowners after the termination of a memorandum of agreement (MoA).
Foreign currency loans down as firms cut working capital
FOREIGN CURRENCY loans slipped in the third quarter amid continued tepid business activities and stricter lending standards as the pandemic crisis stretched on.
Budget approval, dollar flows boost peso
THE PESO strengthened against the greenback on Tuesday, its last trading day for the year, backed by year-end flows and positive market sentiment on the legislation of the 2021 budget.
More banks waive fund transfer fees into 2021
MORE LENDERS are extending fee waivers for fund transfers in a bid to boost digital banking and to provide safer ways for carrying out financial transactions during the pandemic.
Duterte vetoes budget items seeking to tap gov’t agency incomes
PRESIDENT Rodrigo R. Duterte exercised his veto power over parts of the P4.5 trillion 2021 Budget, his spokesman said Tuesday, noting that the rejected items mainly involve programs that sought to directly appropriate funds generated by government agencies.
DoE extends FiT application deadline for river hydro projects
THE DEPARTMENT of Energy (DoE) said it granted another deadline extension for feed-in tariff (FiT) applications by developers of run-of-river (RoR) hydropower projects, adding that it will receive applications until the 250-megawatt (MW) installation target is filled.
PSALM to hold second auction round for Pampanga property
THE Power Sector Assets and Liabilities Management Corp. (PSALM) issued an invitation to bidders Tuesday for the second auction round of a property in Mexico, Pampanga, but did not announce a floor price.
Manila widens travel ban amid new coronavirus strain
PHILIPPINE President Rodrigo R. Duterte on Tuesday broadened a travel ban to 20 countries, where a more infectious coronavirus strain first reported in the United Kingdom is causing havoc.
Unauthorized COVID-19 vaccinations under probe
THE PHILIPPINE Food and Drug Administration (FDA) on Tuesday said it was investigating the inoculation of some Cabinet officials and military officers against the coronavirus.
Lawmakers tagged by Duterte cry ‘witch hunt’
SEVERAL lawmakers accused by President Rodrigo R. Duterte of corruption denied the allegations against them on Tuesday.
Shares end 2021 on positive note after budget signing
LOCAL shares closed in positive territory on Tuesday, the last trading day for the year, as investor sentiment was lifted by the signing of the 2021 national budget.
NBA aims to build on digital lessons from bubble
WITH the tournament bubble it had in Orlando proving to be a learning experience for it in its digital push, the National Basketball Association (NBA) aims to build on the lessons it got as it moves forward in how it presents the brand.