The Maharlika Investment Corp. (MIC), the investment arm of the Maharlika Investment Fund (MIF), gets four new directors, the Presidential Communications Office (PCO) said. President Ferdinand ‘Bongbong’ Marcos administers the oath of four new directors of the Maharlika Investment Corp....
Metro Pacific Investments Corporation (MPIC), through wholly-owned subsidiary Metro Pacific Agro Ventures Inc. (MPAV), has amended its agreement to acquire a strategic stake in coconut products producer Axelum Resources Corp. by subjecting the acquisition to profitability targets. While Axelum...
The Millennium Challenge Corp. (MCC), a US foreign aid agency, said the Philippines has demonstrated renewed commitment to improve governance, human rights, and fighting corruption. In a statement, Alice Albrigh, MCC chief executive officer, said that Philippines has met threshold...
After a seven-year hiatus prompted by human rights concerns, the Washington-led Millennium Challenge Corp. (MCC) has decided to resume providing grants to the Philippines. In a statement, Finance Secretary Benjamin E. Diokno said the US foreign aid agency that gives grant to developing countries...
BACOLOD CITY – Three temporary warehouses were razed by fire, causing P14-million worth of damage to property, in Upper East Megaworld, Barangay 41, this city, on Wednesday, December 13. THE Bureau of Fire Protection (BFP) cordons the area where three makeshift warehouses were razed by a fire in...
ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of Ayala-led ACEN Corporation, has sealed AU$75 million green term loan facility with HSBC, which it will funnel into its expansion for renewable energy (RE) projects in Australia. According to the company, “the green term loan will...
DAVAO CITY – Government-owned enterprise National Development Co. (NDC) has inked a P40-million investment deal with waste management firm Davao Thermo Biotech Corp. (DTBC) on Thursday, December 7. DTBC President Olive Puentespina said the investment will finance their expansion programs, saying...
ILOILO CITY – A December 8 to 10 pop-up event in this city featuring local products continues to raise funds for scholars this holiday season. Proceeds in the Tahum: A Pop-Up Festival with the theme "MaTahum nga Paskwa” at the Iloilo Business Park showroom will go to scholars of the...
DUBAI, UAE – Ayala-controlled ACEN Corporation, which has been expanding its investment foothold across foreign markets, is batting for capacity auction that will primarily delve with integrated renewable and energy storage system (IRESS) as prospective replacement for capacities that shall be...
(Unsplash) Increasing PhilHealth's benefit packages to 30 percent across the board would be the 'best Christmas gift ever" to Filipinos. AGRI Party-list Rep. Wilbert T. Lee had this to say Monday, Dec. 4, or just 10 days ahead of the scheduled meeting...
The Iloilo Grain Complex Corp. (IGCC) asserted that the delay in the proposed 138-kV Panay-Guimaras Interconnection Project falls squarely on the National Grid Corp. of the Philippines (NGCP). In a statement, IGCC said blaming the Supreme Court restraining order for the delay in its transmission...
The government's portion of the Philippine Amusement and Gaming Corp. (Pagcor) revenues jumped in the first 10 months of the year, but it remained below the pre-pandemic level. The government's gaming regulator and operator contributed P27.17 billion between January and October, meeting the...
