State-run Philippine Deposit Insurance Corp. (PDIC) is set to auction off some remaining assets from closed banks next month. In a statement, PDIC said the government’s deposit insurer plans to hold an electronic public bidding (e-bidding) on Sept. 25 and 26, 2024. The auction will consist...
State-owned Clark International Airport Corp. (CIAC) said the planned national food hub in Pampanga would position the Philippines as a leading agribusiness and logistics center in the Asia Pacific. In a statement, Arrey Perez, CIAC president and chief executive officer, said the proposed...
With 2023 marked as the hottest year on record, the growing impact of human activity on our environment has become impossible to ignore. Asia, known for its vulnerability to natural disasters, is experiencing the effects more intensely than ever, according to a report from the World Meteorological...
Security Bank Corporation has successfully raised P20 billion from the issuance of its Fixed Rate Peso Corporate Bonds due 2029— four times the original amount and its largest issue size so far. In a disclosure to the Philippine Stock Exchange, the bank said bonds carry a rate of 6.05 percent per...
CEBU CITY — A Cebu-based company has cried foul over a government order that would affect the distribution of its widely used fertilizer. ENGR. Grecilda Sanchez shows a public advisory released by the Fertilizer and Pesticide Authority that may affect the distribution of a biofertilizer that is...
FDC Green Energy Corporation, a subsidiary of FDC Utilities, Inc. (FDCUI) of Gotianun-led Filinvest Development Corp., is poised to advance to construction phase its 20.75-megawatt solar farm project following groundbreaking rites at its PHIVIDEC Industrial Estate project site in Misamis Oriental ....
Top Line Business Development Corporation (Top Line) is planning to build fuel depots in Mactan and Bohol with a combined storage capacity of 30 million liters to support the continued expansion of its fuel retailing business in the Visayas. Based on the firm’s draft prospectus filed with the...
Gaming firm DigiPlus Interactive Corporation (DigiPlus) is exploring opportunities in Brazil’s potentially huge iGaming market following the recent legalization of gaming and betting activities in the country. In a disclosure to the Philippine Stock Exchange, the firm said it has filed an...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
First Metro Investment Corporation (First Metro) and First Metro Securities (FirstMetroSec) of the Metrobank group have been recognized by Hong Kong-based financial publication, Finance Asia for their excellence in investment banking and navigating the financial markets. In a statement, First Metro...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
Luzon International Premiere Airport Development (LIPAD) Corp. has partnered with Delaware Philippines to modernize and automate the commercial business processes at Clark International Airport (CRK). In a statement, Delaware Philippines, a global information and communication technologies (ICT)...
