Government seizes millions in substandard steel
The government has confiscated more than P3.5 million worth of substandard steel products since the start of the year, tightening its crackdown on unsafe...
SEC moves to strengthen whistleblower program
The Securities and Exchange Commission (SEC) has released draft guidelines aimed at strengthening its whistleblower protection program, part of a broader effort to crack down on investment scams, market abuse, money laundering, predatory lending, disclosure violations and other financial crimes.
MPTC faces gigantic debt load, eyes private placements to stay on track
Metro Pacific Tollways Corp. (MPTC), operator of major expressways in the Philippines, Indonesia and Vietnam, is confronting what its leadership calls a “gigantic debt burden” as it looks to raise fresh funds to pay down what could reach up to ₱200 billion in obligations.
LRT-1 operator hopes to convince MVP not to sell stake amid financial strain
The Light Rail Manila Corp. (LRMC), the private operator of LRT-1, says it will try to dissuade its chairman, Manuel V. Pangilinan (MVP), from selling the company’s stake after the government rejected its request for a fare increase.
Fil-Swiss JV wins incentives for Quezon, Bohol wind projects
Filipino-Swiss developer Triconti Windkraft Group has secured spots in the Department of Energy’s fourth Green Energy Auction (GEA4) for two new wind projects in Atimonan, Quezon and Anda, Bohol.
