The Energy Regulatory Commission (ERC) has approved the Capas substation proposed by the National Grid Corporation of the Philippines (NGCP) to manage the connection of New Clark City (NCC) to the grid. In a statement, the ERC said this approval will help address load growth in Capas, which is...
Manila-based Asian Development Bank (ADB) has secured a $115 million (over P6.676 billion) financing deal with homegrown non-bank Asialink Finance Corp. (AFC) to boost the latter’s working capital and support small businesses, particularly those owned by women. ADB Director General for Private...
The peso appreciated against the US dollar for the second consecutive day on Wednesday, Dec. 4, closing at a one-month high of 58.23, primarily driven by the expected surge in overseas remittances leading up to the Christmas holidays. The peso's closing rate jumped from the previous day's close of...
Pepsi-Cola Products Philippines, Inc. (PCPPI) announced that it will cease operations at its facility in Tunasan, Muntinlupa City, at the end of the year to consolidate operations and improve efficiency. In a statement on Tuesday, Nov. 3, PCPPI said the Metro Operations Services (MOS) plant...
Pico de Loro Cove's 30-foot Christmas tree, inspired by sea turtles, symbolizes homecomings and the warmth of the holiday season. Have you ever seen a Christmas tree that not only dazzles with holiday cheer but also tells a story of sustainability and nature? Imagine a tree crafted from recyclable...
Roberto B. Tan Roberto B. Tan, president and chief executive officer of the Philippine Deposit Insurance Corporation (PDIC), was elected to the Executive Council of the International Association of Deposit Insurers (IADI). Tan was elected during IADI's 23rd Annual General Meeting in Tokyo, Japan....
TOP STATE DEPOSIT INSURER — Top-ranked GOCC for corporate governance and performance. The Governance Commission for GOCCs recognized the Philippine Deposit Insurance Corp. (PDIC) as a top-ranked state deposit insurer in the 2023 Corporate Governance Scorecard. This acknowledgment was part of the...
Renewable power firm Alternergy Holdings Corporation announced that it will lease land from the Philippine National Railways (PNR) for the switching station of its Alabat Wind Power Project. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Nov. 26, Alternergy stated that its...
San Miguel Corporation (SMC) is set to open new lanes on the South Luzon Expressway (SLEX) next month in a bid to decongest traffic in the area. In a statement, SMC said it will open the new 6x6 lanes of SLEX in the third week of December. The expansion covers a 29-kilometer stretch from Susana...
National Grid Corporation of the Philippines (NGCP) has energized the Cebu-Bohol Interconnection Project (CBIP), a new transmission facility that will address the growing power demand in the region. In a statement on Tuesday, Nov. 26, NGCP said the CBIP "will play a crucial role in improving...
“The secret of getting ahead is getting started” – Mark Twain. With rising living costs, saving is tough for many Filipinos, especially minimum wage earners. Waiting for a higher income to save makes it harder to develop the habit. While income affects saving, low income shouldn't hinder...
The International Finance Corporation (IFC), a member of the World Bank Group, has called on the Philippine private sector to intensify efforts in disaster risk reduction (DRR) and resilience building. “People talk about DRR here; the government has a lot to say about DRR, but the private sector,...
