The Philippines is committed to continue optimizing the use of research and development (R&D) investments and ensuring that R&D outputs will benefit the concerned stakeholders and the public. DOST Secretary Fortunato “Boy” T. de la Peña (PCOO/MANILA BULLETIN FILE) DOST Secretary...
The Philippine Stock Exchange (PSE), in partnership with the Department of Trade and Industry through the Board of Investments (BOI), is holding a forum to encourage firm receiving government incentives to go public. In a statement, the PSE said they will conduct an initial public offering (IPO)...
SM Investments Corporation (SM) bagged three awards conferred by Hong Kong-based Alpha Southeast Asia magazine during its 11th Institutional Investor Corporate Awards 2021. The conglomerate was recognized for Most Organized Investor Relations, Best Senior Management Investor Relations (IR) Support,...
1-2 International Container Terminal Services, Inc. (ICTSI) and the Razon Group's social investments to help the government pandemic recovery initiative now total over P1.5 billion. In the last 21 months since the the community quarantines started, ICTSI, in collaboration with both public and...
The Board of Investments (BOI) has approved the registration of Chinese-owned Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. as a new operator of a 4.5 megawatt (MW) power generating plant that will supply energy to a cement manufacturing plant in Cebu and consumers in the province....
To make the Philippines equipped to counter bigger challenges in the future, more investments should be poured into the country’s human capital and that the annual allocation for research and development (R&D) should be increased. Department of Science and Technology (DOST) Undersecretary for...
Metro Pacific Investments Corporation reported a 23 percent hike in consolidated core net income to P9.5 billion for the first nine months of 2021 from P7.7 billion in the same period last year. In a press briefing, MPIC President and CEO Jose Ma. K. Lim said “this substantial improvement from...
SM Investments Corporation, the flagship of the Sy family, reported a 79 percent jump in consolidated net income to P27.2 billion in the first three quarters of 2021 from the P15.2 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
A cooperation agreement was inked between the governments of the Philippines and New Zealand to advance the common goal of fortifying geothermal energy developments which will anchor on technology for the country's energy transition agenda. The formal covenant, which is already the second tie-up...
The general review of the Philippines-Japan Economic Partnership Agreement (PJEPA) has reached an impasse as Manila’s insistence that Tokyo includes in the renegotiation table - market access issue or preferential if not zero tariff rates for its agricultural products - fell on deaf ears. During...
The Board of Investments (BOI) has approved the P603 million general hospital project of Cagayan United Doctors Medical Center (CUDMC) to augment the high demand for hospital capacity in Region. The general hospital level 2 CUDMC, located in Tuguegarao City, is a five-story hospital that will cater...
Foreign portfolio investments in September reversed to a net outflow of $24 million versus the previous month’s net inflow of $12 million, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, Oct. 28. 42027 The $24 million net outflows are lower than the $494 million net outflows registered in...
