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DOTr eyes solicited PPP bidding for Common Station completion by 2027

The Department of Transportation (DOTr) is aiming to bid out the long-delayed Unified Grand Central Station (Common Station) via a solicited mode within the year, with a strong preference for a Public-Private Partnership (PPP) arrangement.

Globe prioritizes remote areas as mobile coverage hits 96%

Globe Telecom Inc. is intensifying efforts to expand its network in geographically isolated and disadvantaged areas (GIDA) as part of its commitment to bridge the digital divide in the Philippines.

Gov’t launches JMC to boost agri-fishery investments

A newly signed joint memorandum circular (JMC) is seen catalyzing investments in agriculture, with the Department of Agriculture (DA) forecasting an expansion in agribusiness and rural development initiatives.

CMEPA expected to boost investor savings, market liquidity — SEC

The Securities and Exchange Commission (SEC) said the newly enacted Capital Markets Efficiency Promotion Act (CMEPA) is poised to enhance investor savings and stock market liquidity, syncing the country's tax regime with regional and global standards.

Mitsubishi targets 25% PH market share in five years

Mitsubishi Motors Philippines Corp. (MMPC) projects an increase in market share of 25 percent within five years, driven by the strategic launch of the financing company, Mitsubishi Motors Finance Philippines Inc. (MMFP) — a joint venture with Security Bank Corp.

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Peso near lows as markets turn defensive

The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.

DA warns rice price cap violators of jail, fines

The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.

DENR set public scoping for P13.5-B Magat pumped-storage hydro project in Isabela and Ifugao

The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), has scheduled a public scoping activity for the proposed 97-megawatt (MW) Magat pumped-storage hydro (PSH) project worth P13.5 billion in the provinces of Isabela and Ifugao.

Fuel prices seen rising this week as global oil costs climb

Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.
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