After being denied a grant under former president Duterte’s administration, the US foreign aid agency Millennium Challenge Corp. (MCC) is again extending its hands to the Philippines as it sees the country is on the “right pathway forward.” MCC Chief Executive Officer Mary Albright said that...
Landco Pacific Corporation president and CEO Erickson Y. Manzano, and construction management head Philip Baguisa received the ACES (Asia Corporate Excellence and Sustainability) Award 2023 for premium real estate developer as one of Asia's top performing companies. Landco Pacific...
The Marcos administration is seeking financial support from a US foreign aid agency to bolster its efforts to combat corruption and enhance revenue generation, the Department of Finance (DOF) said. Finance Secretary Ralph G. Recto said the Washington-backed Millennium Challenge Corp. (MCC) could...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) reported a strong double-digit revenue growth last year, but it fell short of pre-pandemic levels. In a statement, the government's gaming regulator and operator said that the company generated P79.37 billion in revenues from January to...
ILOILO CITY – The National Grid Corp. of the Philippines (NGCP) warned of power instability in Panay Island less than a month after the prolonged New Year power blackout. The NGCP announced on Thursday, February 1, that it may resort to manual loading dropping. “This is to preserve the...
Isuzu Philippines Corporation (IPC), the nation’s leading provider of trucks, announced it has maintained last year the number one position in the truck segment for 24 consecutive years, cornering 43 percent market share. IPC President Tetsuya Fujita reported that in 2023, IPC secured a...
Sen. Raffy Tulfo said on Thursday, Feb. 1, that the Governance Commission for GOCCs (GCG) has taken care of its promise to fix the Compensation and Position Classification System (CPCS) of the Philippine Amusement and Gaming Corporation (PAGCOR). In a statement, Tulfo said that it includes...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
The Maharlika Investment Corp. (MIC) deliberated on the strategic direction of the fund, with Finance Secretary Ralph G. Recto assuming the role of the new chairperson. The Department of Finance (DOF) reported that on Friday, Jan. 26, Recto chaired the second board meeting of the MIC. Last Jan. 7,...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez floated the possibility of using the Maharlika Investment Fund (MIF) to help local auto manufacturers as the industry adjusts to the needs of the Public Utility...
The commercial operations of the ancillary services (AS) market will guarantee the full procurement of power reserves needed by system operator National Grid Corporation of the Philippines (NGCP) in efficiently running the country’s electricity system. After more than a decade of planning, policy...
The Philippine Health Insurance Corporation (PhilHealth) declared on Thursday, Jan. 25, the extension of privileges related to ongoing systems optimization until Jan. 31. (PhilHealth) The announcement through PhilHealth Advisory No. 2023-0039 outlined changes that will come into effect on Feb. 1,...
