BDO Unibank Inc., the Philippines’ largest lender by assets, provided ₱30 billion to help finance Prime Infrastructure Capital Inc.’s acquisition of a controlling stake in gas assets previously held by First Gen Corp. In a statement, BDO said the financing accounts for 60 percent of the ₱50...
Rockwell Land Corp., the high-end property arm of the Lopez family, has secured a majority controlling interest in Alabang Town Center for ₱21.6 billion, marking a decisive expansion into the affluent southern corridors of Metro Manila. Nestor Padilla, Chairman and Chief Executive Officer of...
The Department of Foreign Affairs (DFA) said that the Philippine Consulate General in San Francisco is currently monitoring the developments in a mass shooting in Stockton, California. DFA spokesperson Angelica Escalona said on Tuesday, Dec. 2, that there has been no information so far on the...
For most Filipinos, Francisco “Bobby” Mañosa is a legend—National Artist for Architecture and the visionary behind iconic landmarks such as the Coconut Palace, the EDSA Shrine, and the San Miguel Corporation head office. But to his family, Bobby was simply a devoted father and grandfather...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) turned over three Toyota Hilux police patrol vehicles to the City Government of Manila on Monday, Nov. 24, to boost the mobility and operational capacity of the Manila Police District (MPD). The turnover ceremony...
The Department of Agriculture (DA) will build cheaper farm-to-market roads (FMR) once it formally assumes responsibility of the program starting next year, with the agency introducing new methods to help cut costs. Agriculture Secretary Francisco Tiu Laurel said the government will save at least 20...
TACLOBAN CITY – San Francisco, Southern Leyte Mayor Jason Ortizo thanked former Philippine National Police chief Gen. Nicolas Torre III for donating a generator set and internet modem to the municipality which was heavily affected by typhoon “Tino” last week. “Thank you, Gen. Nick Torre,...
The Department of Agriculture (DA) will investigate the possible involvement of its own officials in several non-existent farm-to-market road (FMR) projects discovered in Mindanao. Agriculture Assistant Secretary Arnel de Mesa said there is a strong possibility that some officials are involved in...
President Marcos met with Manila Mayor Francisco “Isko Moreno” Domagoso in Malacañang on Friday, Oct.17, to strengthen national and local cooperation on major infrastructure and social development projects in the country’s capital. In a statement, the Presidential Communications Office (PCO)...
The Department of Agriculture (DA) would build 300 more rice mills in the next three years, as the government seeks to reverse post-harvest losses by improving the rice sector’s drying capacity. Agriculture Secretary Francisco Tiu Laurel said his agency has earmarked ₱3.3 billion until 2028 to...
Manila Mayor Francisco "Isko Moreno" Domagoso welcomed Ilocos Norte Vice Governor Matthew Joseph Manotoc during a courtesy visit at the Manila City Hall. The city government stated that the meeting symbolizes the continued friendship and cooperation between the City of Manila and the Province of...
The Department of Agriculture (DA) has stood firm on its decision not to import sugar for the current milling season in a bid to stabilize sugar prices that have been weighed down by market uncertainty. In a statement on Wednesday, Oct. 15, the DA reiterated the government policy earlier issued by...
