SEC releases draft rules for sukuk issuance
The Securities and Exchange Commission (SEC) has released draft rules for sukuk issuance in the Philippines and opened them for public comment. The proposal aims to ensure Shari’ah compliance, improve transparency, and strengthen investor protection in line with global Islamic finance standards.
PAL to open Manila–Palau route in March next year
Philippine Airlines (PAL) announced that it will begin twice-weekly flights between Manila and Palau (Koror) starting March 29, 2026. The new route expands PAL’s reach in the Pacific and gives travelers easier access to Palau’s well-known diving spots, lagoons, and coral reefs.
GSIS releasing ₱3.93B Christmas cash gift
The GSIS is distributing ₱3.93 billion in Christmas cash gifts to 411,692 pensioners beginning today. For the first time, pro-rata and Portability Law (RA 7699) pensioners are included, adding nearly 15,000 new beneficiaries.
Ayala-backed data center opens in Binan
The Philippines’ data infrastructure race kicked into higher gear as the Ayala-backed ML1 Data Center officially launched the first phase of its operations on November 28 in Biñan, Laguna, supported by incentives from the Board of Investments (BOI) under the CREATE Act.
CREC secures ₱3.98-B loan from BPI for Pangasinan solar project
Citicore Renewable Energy Corp. (CREC) has signed a ₱3.98-billion project finance loan with the Bank of the Philippine Islands to help complete its 113-megawatt Citicore Solar Pangasinan 2 project in Binalonan. BPI Capital Corp. acted as the sole lead arranger.
