-
All gov’t agencies ordered to enforce competition policies
All government agencies, including local government units (LGUs), are ordered to comply and implement the National Competition Policy (NCP) to ensure level playing field among businesses in the country.
-
Meralco to invest P180 B for sustainability projects
Power utility giant Manila Electric Company (Meralco) will inject massive investments of P180 billion for ‘clean energy projects’ that will become the anchor to its long-term sustainability agenda and ‘net zero’ goals.
-
BSP to circulate polymer banknotes next year
The Bangko Sentral ng Pilipinas (BSP) will circulate 1,000-piso “greener” and cheaper polymer banknotes in the first half of 2022, partly in response to a need for a more hygienic plastic bills that are also recyclable and longer lasting than paper money.
-
Benchmark interest rates move sideways
Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped.
-
Holcim partners with shelter organizations
In addition to providing sustainable building materials and solutions, Holcim Philippines is ramping up direct engagements with shelter organizations to better understand the challenges in building affordable homes and inform future initiatives for a bigger impact.
-
Meralco to procure ‘emergency supply’ for election period
Energy utility giant Manila Electric Company (Meralco) will carry out ‘emergency procurement’ of power capacity to ensure uninterrupted electricity service in next year’s election period.
-
China Bank among the strongest lenders in Asia Pacific
Amid the challenges of COVID-19, China Banking Corporation (China Bank) landed in The Asian Banker’s Top 500 Strongest Banks ranking for 2021 as the second strongest bank in the Philippines in terms of balance sheet.
-
DA to encourage farmers’ cooperatives to directly import fertilizer
The Department of Agriculture (DA) is coming up with ways on how to help rice farmers cope with the rising cost of fertilizer in the Philippines – one of which is to possibly encourage farmers’ cooperatives to import fertilizers directly.
-
DFNN's online gaming unit cashes in on pandemic
Inplay.ph, a gaming platform of DFNN Inc. subsidiary Inter-Active Entertainment Solutions Technologies Inc. (IEST), reported strong a strong performance as gamblers flocked to online gaming due to social distancing restrictions.
-
-
ALI lists P3 B long term bonds at PDEX
Real estate giant Ayala Land, Inc. (ALI) has successfully listed its new P3 billion 4.0776 percent p.a. fixed rate bonds in a virtual ceremony at the Philippine Dealing and Exchange Corporation (PDEX).
-
Globe transforms to a digital solutions platform in 5 years
Globe Telecom Inc. is pivoting away from its core business to become a digital solutions platform over the next five to 10 years, President and CEO Ernest Cu announced in the recent Makati Business Club virtual forum.
-
No need for buffer assistance – BSP chief
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need for the country to tap any of the existing currency swap arrangements both on the regional and bilateral level, on the back of a still adequate US dollar reserves.
-
NGCP allots P440-B investments for 211 projects
Transmission firm National Grid Corporation of the Philippines (NGCP) is scheduling P440 billion worth of investments that will be funneled to 211 projects to be concretized in a span of more than a decade.