First Metro Investment Corporation (First Metro) and First Metro Securities (FirstMetroSec) of the Metrobank group have been recognized by Hong Kong-based financial publication, Finance Asia for their excellence in investment banking and navigating the financial markets. In a statement, First Metro...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
The Maharlika Investment Corporation (MIC) is set to delve into investment prospects for the major infrastructure and development projects of Clark International Airport Corp. (CIAC) in Clark. In a statement, Special Assistant to the President (SAP) for Investment and Economic Affairs, Secretary...
A study that would address the problem of the supply of electricity in Palawan is now underway, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) In his speech during the distribution of assistance to communities severely affected by El Niño in Puerto Princesa,...
Antonio R. Ocampo, Jr. has been appointed as the new president and director of First Metro Investment Corporation, taking over from Jose Patricio A. Dumlao who retired last June 30 after four years with the company. Ocampo, an executive in the Metrobank Group with over 30 years of experience in...
Companies, particularly banks, are urged to tap the capital market by issuing bonds as these are a stable source of funds that can be issued quickly to a large investor base and at a lower cost. The advantages of issuing bonds to raise fresh funds was raised during the seminar entitled...
BAKU, Azerbaijan – The host country of the 29th Conference of the Parties for Climate Change (COP29) is eyeing energy as well as trade bilateral cooperation with the Philippines, according to the chief foreign policy advisor of Azerbaijan President Ilham Aliyev. In an interview during an official...
The Social Security System (SSS) is diversifying its investment portfolio by ramping up its involvement in real estate investment trusts (REITs) this year. Rolando Ledesma Macasaet, SSS president and chief executive Officer, said they are optimistic about the potential for enhanced returns as...
Avia Estate (Artist's perspective) The strong economic growth in Mindanao has created excellent investment prospects in the real estate industry, especially as the Philippines recovers from the pandemic. With increasing demand for both commercial and residential buildings, developers are keen to...
The Maharlika Investment Corp. (MIC), the agency that manages the sovereignty wealth fund, said it will focus its investments on energy transmission lines across regions. MIC President and Chief Executive Officer Rafael D. Consing Jr., said that there are already many investments in generation and...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
With the heat index continuing to rise in the Philippines, Filipinos have had no choice but to turn to electric fans and air conditioners to cool down. Beating the heat, however, comes with a heavy price. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)...
