In the prevailing, highly volatile political climate—exacerbated by maritime bullying in the West Philippine Sea that creates an air of uncertainty—it is only natural for foreign investors to take a risk-averse stance toward the country. Yes, Virginia, while the President has been going around...
First Gen Corp., the power producer controlled by the Lopez family, rejected allegations from a majority faction of its founding clan over a ₱50 billion premium paid for a stake in a pumped-storage hydropower venture, saying the claims show the fundamental misunderstanding of corporate finance....