Axelum announces adoption of dividend policy
Axelum Resources Corp., a listed affiliate of the Metro Pacific Group and a fully integrated manufacturer and exporter of premium coconut products, announced on Friday that its board of directors has approved a dividend policy to distribute up to 30 percent of its net income from the preceding year.
BOC cash smuggling crackdown helps in FATF Gray List exit
The Bureau of Customs' (BOC) aggressive crackdown on illicit cash smuggling significantly contributed to the Philippines' removal from the Financial Action Task Force (FATF) Gray List.
Philippines’ trade deficit widens to USD5.09B in January
The Philippines’ posted a substantial trade deficit of USD5.09 billion in January, widening from the USD4.36 billion trade gap in the same month last year, as export growth failed to keep pace with the rise in imports. This wider trade deficit highlights the country’s persistent struggle to meet its domestic needs through local production and its inability to identify new export drivers to strengthen its economic position.
China helping NLEX construct P2.2B elevated expressway project
NLEX Corporation has entered into a strategic partnership with China Road and Bridge Corporation (CRBC) to construct the NLEX-C5 Northlink Segment 8.2 Section 1A, a P2.2 billion elevated expressway.
DOTr appoints new officials to accelerate major transportation projects
The Department of Transportation (DOTr) on Thursday announced the appointment of several key officials to bolster the leadership of Transport Secretary Vince Dizon in advancing critical transportation infrastructure projects.
