The Philippines once again failed in the pass-or-fail corruption benchmark needed to secure grant assistance from the United States aid arm Millennium Challenge Corp. (MCC). MCC's fiscal year 2025 Country Scorebook released on Nov. 21, which listed down the possible compact and threshold program...
President Marcos has urged farmers and fisherfolk in Isabela to enroll under the government's insurance program to protect their livelihood. In his speech during the distribution of certificates of land ownership award (CLOAs) and certificates of condonation with release of mortgage (COCROMs) in...
Tanco-led DigiPlus Interactive Corporation is investing an initial P660 million for its foray into Brazil's $2 billion online gaming market. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of directors approved the funding of P660 million to cover Brazil gaming...
Isuzu Philippines Corporation (IPC) proudly announces its recent achievement of the ISO 9001:2015 certification for its Quality Management System. The certificate was officially awarded by TÃœV Rheinland in a formal ceremony on November 11, 2024, led by IPC President, Tetsuya Fujita. This...
Tanco-led DigiPlus Interactive Corporation’s wholly owned subsidiary, DigiPlus Brazil Interactive Ltd., has moved to the final stages of acquiring an online gaming license that will kick off its expansion in the $2 billion Brazilian market. In a disclosure to the Philippine Stock Exchange (PSE),...
Cebu-based fuel retailer Top Line Business Development Corporation has decided to move the offer period for its P3.16 billion initial public offering (IPO) to the first quarter of 2025 from the initial kick off targeted on Nov. 27. In a statement, the firm said they decided to postpone the offering...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
Chelsea Logistics and Infrastructure Holdings Corp. narrowed its net loss by 71 percent in the first nine months of the year to P301 million from the P1.04 billion registered in the same period last year, largely due to its ongoing debt restructuring efforts. However, consolidated revenues rose by...
Eugene S. Acevedo, president and chief executive officer of Rizal Commercial Banking Corp. (RCBC), recently became a two-time author with the launch of his second book, "Reinvent and Outperform: Becoming a Better Leader." The event was graced by no less than the bank's chairman, Helen Y. Dee, the...
The country's gaming industry revenue surged by 37.5 percent in the third quarter of the year to P94.61 billion, driven by the robust growth of the electronic gaming sector, the Philippine Amusement and Gaming Corp. (Pagcor) said. In a statement on Thursday, Nov. 14, Pagcor Chairman and CEO...
Southeast Asian countries like the Philippines stand to benefit from greater interest among global investors looking to finance profitable and scalable decarbonization as well as "green" projects in the region. On the sidelines of the ongoing 29th Conference of the Parties (COP29) to the United...
Citicore Energy REIT Corporation (CREIT), the country’s only renewable energy real estate investment trust, posted a two percent improvement in net income, reaching P1.04 billion in the first nine months of 2024, up from P1.02 billion in the same period last year. In a disclosure to the...
