Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation's (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). MAIDEN INVESTMENT — President Ferdinand 'Bongbong' Marcos Jr. with Maharlika Investment Corp. (MIC)...
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
The Maharlika Investment Corporation (MIC) has expressed interest in acquiring China's stake in the National Grid Corporation of the Philippines (NGCP), following its recent share acquisition in Synergy Grid and Development Philippines Inc. (SGP). In a briefing on Tuesday, Jan. 28, MIC President...
With 21 affirmative votes, the Senate approved the bill seeking to provide free legal assistance to military and uniformed personnel (MUP) facing charges arising from incidents related to the performance of their duty. Senate Bill No. 2814 or the proposed Free Legal Assistance for...
The Senate has approved the proposed E-Governance Act, which seeks to enhance government operations and promote transparency in state transactions, on third and final reading. Twenty-one senators gave affirmative votes on Senate Bill No. 2781, no negative votes and no abstentions during the...
Following a major investment by the Maharlika Investment Corporation (MIC) in the National Grid Corporation of the Philippines (NGCP), the Department of Energy (DOE) announced that this partnership aims to resolve ongoing delays in transmission and interconnection projects that have long plagued...
With 19 affirmative votes, the Senate approved the measure seeking to grant Philippine citizenship to Chinese national Li Duan Wang. Senate Deputy Minority Leader Risa Hontiveros opposes the bill granting Philippine citizenship to Li Duan Wang. During Monday’s plenary session, January 27,...
Synergy Grid and Development Philippines Inc. (SGP) has accepted a binding offer from the state-run Maharlika Investment Corporation (MIC) for a 20-percent stake to secure a foothold in the National Grid Corporation of the Philippines (NGCP), Malacañang said. MAIDEN INVESTMENT — President...
Government agencies, including the Food and Drug Administration (FDA), have been urged to strengthen regulation and coordination to ensure that consumer products, particularly those intended for children, remain safe. (Photo from Unsplash) In a statement issued Monday, Jan. 27, the United...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez was up in arms after his House colleague tried to cite draft documents during a recent motu proprio inquiry on the performance of...
An environmental watchdog has sounded the alarm on RA 12120 or the Philippine Natural Gas Industry Development Act, which seeks to boost the share of natural gas, a polluting fuel, in the country’s energy mix. While the law aims to promote it as “a safe, efficient, and cost-effective source of...
