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NEDA urges more focus on climate change, smart infra
Outgoing Socioeconomic Planning Secretary Karl Kendrick T. Chua is confident the incoming Marcos government will put equal focus – if not more — on the impact of climate change on industries and sustainable development particularly in the use of smart infrastructure.
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Peso breaks P55:$1 intraday; Moody’s sees 50 bps rate hike
The peso pierced the P55 level to the US dollar on Monday, June 27, at its intraday peak before regaining lost ground to close stronger at P54.78.
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BSP’s new financial inclusion agenda approved
Outgoing President Rodrigo Duterte has approved the Bangko Sentral ng Pilipinas’ (BSP) memorandum circular on the whole-of-government approach to promote the updated six-year National Strategy for Financial Inclusion (NSFI).
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DOTr chiefs meeting this week
Incoming Department of Transportation (DOTr) Secretary Jaime Bautista will meet with his outgoing counterpart, Secretary Art Tugade, this week.
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T-Bills yields up
The average rate for the 91-day Treasury Bills (T-Bills) on Monday, June 27, rose to 1.910 percent from 1.759 percent last week with the market reacting to the recent central bank rate hike.
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Foodpanda PH announces new corporate name
Online quick-commerce platform foodpanda Philippines officially announced the change of its legal corporate name to Delivery Hero Philippines, Inc., reflecting the company’s role as part of the Delivery Hero Group, while continuing to use the “foodpanda” brand name.
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Stocks rise on continued bargain hunting
The PSEi started the week higher in mixed trades as cautious investors picked up bargains.
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RE developers subject to bid bond cancellation
Renewable energy (RE) developers, which have been awarded with 20-year power supply agreements (PSAs) under the Green Energy Auction Program (GEAP), face bid bonds cancellation if they will fail to deliver the committed capacity.
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MPIC acquires controlling stake in Carmen's Best Group
Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million.
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Century Properties to launch P13-B projects this year
Century Properties Group (CPG) is launching a total of four projects this year with a projected combined sales value of P13.2 billion and roughly to 7,100 housing units.
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BBM seen reviving PH-China joint oil exploration deal
A board director of state-run Philippine National Oil Company (PNOC) sounded off that incoming President Ferdinand Marcos Jr. will likely revive the “joint exploration deal” with China, indicating that extraction of petroleum resources can finally progress at the contested West Philippine Sea (WPS).
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German logistics software firm expands in PH
Germany-based logistics software specialist AEB is entering in the second half of the year to expand in the Philippines and to build a new team to handle local operations and new enhancements to its warehouse management system (WMS).
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Oil firms implement higher price hikes
This week’s adjustment in pump prices have been way higher than initially-calculated due to market premiums and hike in freight costs, according to the Department of Energy.