Battery energy storage system (BESS) can now be prudently positioned as a technology solution that can thrive on a cost-competitive basis as well as a viable application, especially on the sphere of ancillary services (AS) or the technology support to guarantee reliable operations of the power...
Debt payments down 41% in H1 Debt payments by the national government went down by 41 percent in the first semester of the year due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P458.35 billion in January to June this year,...
Former President Duterte borrowed P1 trillion in his final six months in Malacañang. Data from the Bureau of the Treasury showed that the national government’s net borrowings hit P1.021 trillion from January to June this year. This amount, however, was 40 percent lower compared with P1.719...
In deference to the incoming Marcos administration, the Philippine government itself cancelled the Chinese funding application for close to P300-billion big ticket railway projects promised during Duterte's time. Department of Transportation (DOTr) Undersecretary for Rails Cesar Chavez issued the...
Cebuana Lhuillier goes on an aggressive expansion nationwide in order to bring more convenient and accessible micro financial services to Filipinos Ongoing branch expansion nationwide Cebuana Lhuillier, the country’s leading micro financial services provider, continues its expansion streak...
Rizal Commercial Banking Corp. (RCBC) is offering special rates and exclusive discounts on auto and home loans for a month, starting May 23 until June 24, 2022. To kickstart this month-long offering, select RCBC branches will hold car displays and developer booths and will give away special gifts,...
BR-V promos extended The fun never stops as Honda Cars Philippines, Inc. (HCPI) continues to offer a range of exciting promos for its customers. Score some exclusive treats and offers when you buy a brand-new Honda BR-V and enjoy other awesome deals on select models through this month’s ‘Power...
In the Philippines, many adult Filipinos still find it difficult to apply for loans. However, the heavy demand for digital transactions and experiences, accelerated by the Covid-19 pandemic, brought opportunities that led to revolutionizing lending to unbanked Filipinos towards a more...
Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P313.65 billion in January to March, or 40 percent lower than the P521.51 billion paid out in...
Security Bank announced that it will no longer extend financing to coal-fired power facilities in its bid to align its project funding strategy to the goals of the Paris Agreement and the climate change diplomacy based of the 26th Conference of the Parties (COP26) on abating climate change risks....
Cebuana Lhuillier President and CEO, Jean Henri Lhuillier, receives the 2021 Service Champion Award trophy, conferred by the Customer Service Institute of America Cebuana Lhuillier, one of the leading micro-financial service providers in the Philippines, received the 2021 Service Champion Award...
Asia-Pacific nations should forge stronger partnerships to address the impact of changing climate by making climate financing available and accessible to developing countries that bear the brunt of global warming, the Philippines’ top climate official said. Climate Change Commission Secretary...
