The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Malacañang on Thursday, March 26, clarified that essential government services such as ambulance, police, fire, and health operations will not be affected by the government’s energy conservation measures amid rising global fuel prices. Executive Secretary Ralph Recto said agencies delivering...
The government is ramping up its digital transformation efforts, with the Department of Information and Communications Technology (DICT) targeting 60 million users of the eGovPH Super App by 2028, following its milestone of 40 million downloads. The push coincides with the expansion of physical and...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) has sold its controlling stake in Yantai International Container Terminal Ltd. (YICTL) to its state-owned partner Yantai Port Holdings Co. Ltd. for about ₱6.7 billion due to lack of full control. YICTL, a joint venture...
Affordable housing developer Haus Talk Inc. (HTI) has raised ₱1.8 billion from its fixed-rate bond issuance, upsized from its base offer of ₱1 billion, although its oversubscription option of another ₱1 billion was not fully taken up. Following this, the firm listed the bonds at Philippine...
Aiming to improve learner health and expand access to basic healthcare services, particularly in underserved and remote communities, the Department of Education (DepEd), in partnership with the Philippine Health Insurance Corp. (PhilHealth), has expanded the government’s Yaman ng Kalusugan...
Rockwell Land Corp., the Lopez Group’s upscale property developer, has successfully raised ₱10 billion from the first tranche of its ₱20-billion bonds under the shelf-registered program of the Securities and Exchange Commission (SEC). In a disclosure to the Philippine Stock Exchange (PSE) on...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Citicore Energy REIT Corp. (CREIT) secured a high-grade issuer credit rating from Philippine Rating Services Corp. due to its robust financial position amid aggressive expansion of its green asset portfolio. PhilRatings assigned an issuer credit rating of PRS Aa plus (corp.) to the Philippines’...
The Department of Labor and Employment (DOLE) has relaunched its legal query portal to provide workers and employers with faster responses and more efficient access to labor guidance. The upgraded query.dole.gov.ph portal allows users to submit labor-related concerns, track their queries, and...
Razon-led International Container Terminal Services Inc. (ICTSI) has broken ground on an ₱800 million expansion in Batanga, marking the start of construction for what will become the Philippines’ second-largest container gateway. The facility, branded as the South Luzon Container Terminal, is...
Filinvest Land Inc., the real estate arm of the Gotianun family’s conglomerate, received the highest possible credit rating from Philippine Rating Services Corp. (PhilRatings) for its planned ₱11.57 billion bond offering. PhilRatings said the property developer was assigned a PRS Aaa rating...
