Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR). "Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
DigiPlus Interactive, through its social development arm, BingoPlus Foundation, is transforming communities and creating lasting impact with its ₱100 million commitment in 2024 to support education, disaster relief, and livelihood programs, benefitting the lives of over 120,000 Filipinos...
Renewable energy (RE) firm Alternergy Holdings Corp. announced that its wind subsidiary has gained an award from the Department of Energy (DOE), which would help push through its wind energy development in Albay. In a disclosure to the Philippine Stock Exchange on Thursday, March 27, it said...
NGCP Spokesperson Cynthia Alabanza The National Grid Corporation of the Philippines (NGCP) announced that it has 10,260 megawatts (MW) of available transmission capacity, with a significant portion allocated to Luzon. Specifically, NGCP said Luzon has approximately 6,573 MW, Visayas has...
CREIT President and CEO Oliver Y. Tan Citicore Energy REIT Corporation (CREIT) declared dividends amounting to ₱360 million for the fourth quarter of 2024, bringing its total dividends last year to ₱1.32 billion. In a disclosure to the Philippine Stock Exchange, the firm said its latest...
The Energy Regulatory Commission (ERC) has greenlighted additional capacity to the power supply agreement (PSA) between Manila Electric Co. (Meralco), led by Manuel V. Pangilinan, and San Miguel Corp. (SMC)-led South Premiere Power Corp. (SPPC). In a notice, the ERC said Meralco was granted...
Cebu-based fuel distributor Top Line Business Development has kicked off its ₱733 million initial public offering (IPO) after securing its permit to sell from the Securities and Exchange Commission (SEC). This approval allows Top Line to offer 2.15 billion primary common shares, with an...
North Luzon Expressway (NLEX) will waive toll payments for motorists traversing the northbound portion of the Balintawak to Marilao stretch starting Monday, March 24, while repairs on the damaged interchange bridge are underway. NLEX Corp. made this announcement in response to Transportation...
VisMin developer Cebu Landmasters Inc. (CLI) has raised ₱5 billion from the issuance of sustainability-linked bonds (SLB) that will be used to build 16,000 affordable homes. In an interview after the listing of the bond at the Philippine Dealing & Exchange Corp. (PDEx), CLI Executive Director...
An expansion of deposit insurance coverage has taken effect, designed to bolster financial security and instill greater confidence in the Philippine banking system. Beginning Saturday, March 15, the adjustment doubled the maximum protected amount for depositors, providing an additional safety net...
San Miguel Corp. cleaned up the Biñan River in Biñan City in less than a year. ALL cleaned up is the Biñan River in Biñan City, Laguna. It freed up the clogged waterway of nearly 88,000 tons of silt and solid waste that worsened flooding in the city. Its Better Rivers PH initiative covered a...
DigiPlus Interactive Corp. (DigiPlus), the pioneer in digital entertainment in the Philippines and the company behind leading brands BingoPlus, ArenaPlus, SpinPlus, and GameZone, has been awarded Gold for Asia’s Best Integrated Report: First-time Category at the 10th Asia Integrated Reporting...
