Metro Pacific Tollways Corporation (MPTC), a subsidiary of Pangilinan-led Metro Pacific Investments Corporation (MPIC), is raising P30 billion to P50 billion in equity to pay for maturing obligations. In an interview at the sidelines of Management Association of the Philippines general membership...
Gone are the days of billboards and TV commercials dominating the advertising landscape. In the Philippines, where social media usage is among the highest in the world, businesses are increasingly relying on digital platforms to reach consumers. This shift has fueled an explosion of opportunities...
The Board of Investments (BOI) has approved the modernization project for the Visayan Container Terminal (VCT) in Iloilo City, aiming to transform the old complex into a state-of-the-art facility and boost the country's shipping industry. Trade Undersecretary and BOI Managing Head Ceferino S....
Metro Pacific Water Solutions (MPWS), a unit of the Metro Pacific Group, has signed a memorandum of understanding (MOU) with Hitachi Asia Ltd., a subsidiary of Hitachi Ltd., to explore potential joint projects in the water and wastewater management sector in the Philippines. In a statement, Metro...
The Sy family’s SM Group is optimistic about the country’s economic growth prospects in 2025, despite challenges such as peso volatility and high inflation. In a statement, SM Investments Corporation (SMIC) President and Chief Executive Officer Frederic C. DyBuncio, said the group plans...
The SM group is planning to significantly expand the SMX Convention Center Clark by 2026–2028 to boost its capacity to host large-scale events and address the growing demand in the region. SM Investments Corporation stated that this is made possible by its integrated property development...
Filipinos could be assured of stable food supply, more job opportunities, and sustainable resources as the Board of Investments (BOI) has already certified 173 projects worth a total of P4.5 trillion under its Green Lane initiative. BOI Investment Assistance Service Director Ernesto C....
Metro Pacific affiliate Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, expects to perform even better next year after turning its performance around in 2024. “Rising demand in key export markets continue to fuel our...
Following the beyond-target approved investments this year, the Board of Investments (BOI) is now aiming to surpass this record by securing P1.75 trillion in approvals for 2025. BOI Director Lanie Dormiendo, during a Dec. 20 press briefing, said that this 18 percent increase from current levels...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
The Board of Investments (BOI) is seeking to strengthen trade and investment relations with Hungary, focusing on electronics, semiconductors, IT-BPM, and software development. At the recent Philippine-Hungary Business Forum, BOI Managing Head and Trade Undersecretary Ceferino Rodolfo highlighted...
The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies. At a year-end...
