EDSA Busway timers improve traffic flow, DOTr reports
The Department of Transportation (DOTr) on Friday announced that 90 percent of the 45-second timers at EDSA Busway stations are now fully operational, a significant step towards improving bus flow and reducing traffic congestion.
February GIR rise boosts external liquidity buffer, strengthening reserve management
The Bangko Sentral ng Pilipinas (BSP) on Friday reported a significant increase in the country’s gross international reserves (GIR) for February 2025, reflecting robust external liquidity and enhanced financial stability. Preliminary data shows that the GIR, an indicator of capacity to pay for external obligations, grew to USD106.7 billion by the end of February 2025, up from USD103.3 billion in January 2025, marking a notable month-on-month increase of USD3.4 billion.
DICT Secretary Ivan John Uy resigns amid leadership transition
The Department of Information and Communications Technology (DICT) confirmed on Friday the resignation of Secretary Ivan John E. Uy on Thursday, following President Ferdinand R. Marcos Jr. 's acceptance of his resignation. Despite the leadership change, the DICT assured the public that there would be no disruption in its services during the transition.
EPI secures P5.175B loan for Cawag Solar
Emerging Power Inc. (EPI), the renewable energy arm of Nickel Asia Corporation (NAC), has secured a P5.175-billion senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to fund the construction of its 145-megawatt peak (MWp) Cawag solar power project in Subic, Zambales.
DENR cancels housing pact with Blue Star Construction over irregularities
The Department of Environment and Natural Resources (DENR) on Friday announced canceling a 2002 supplemental pact with Blue Star Construction Development Corp. (Blue Star) for regulatory failure and multiple violations to contract terms.
