Wednesday, 23 July 2025, 4:30 pm

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    Areit in another P22.5B property-for-share swap with Ayala Land

    Areit Inc., the real estate investment trust of Ayala Land Inc., will conduct a third property-for-shares swap with its sponsor, involving prime property in...

    Manulife eyes $1.2B from sale of 10-year debentures

    Listed insurance firm Manulife Financial Corp. is raising $1.2 billion in principal amount through the issuance of 10-year subordinated debentures that carry 5.409 percent...

    Triple whammy pushes Phinma income down 18% in 2022

    Conglomerate Phinma Corp. said its income for 2022 slipped 18 percent to only P1.5 billion due to higher raw materials costs occasioned by the...

    February GIR stands lower than $100 billion

    The gross international reserves (GIR) level, an indication of capacity to pay for external trade and debt obligations, again fell below $100 billion.   According to...

    Group seeks subsidy support for oil-soaked communities

    Fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) is seeking immediate livelihood support to fishing families affected by the oil spill triggered by the sinking of MT Princess Empress in Naujan, Oriental Mindoro last week.

    Just in

    MGB flags widespread flood, landslide threats nationwide

    The Mines and Geosciences Bureau (MGB) has identified 9,366 barangays nationwide as vulnerable to rain-induced landslides and flooding, as Tropical Depression Dante and the enhanced southwest monsoon continue to bring heavy rains. This comes just weeks after the country dealt with Tropical Cyclone Crising.

    Cebu BRT pilot run set for September

    The Department of Transportation (DOTr) confirmed on Wednesday that pilot operations of the Cebu Bus Rapid Transit (Cebu BRT) will launch in September, marking a major milestone for urban transport in the province. The system is expected to significantly ease daily commutes for around 70,000 passengers.

    FPIP, locators dominate Tanauan City’s 2024 top taxpayers list

    The First Philippine Industrial Park (FPIP), a special economic zone developed by the Lopez-led First Philippine Holdings Corp. and Japan’s Sumitomo Corp., along with 17 of its locators, emerged as top contributors to Tanauan City’s 2024 tax revenue program, reinforcing the ecozone’s critical role in the city’s economic and fiscal development.

    ADB lowers PH growth outlook amid global headwinds

    The Asian Development Bank (ADB) has revised its growth forecast for the Philippines to 5.6 percent in 2025 and 5.8 percent in 2026, down from earlier projections of 6.0 percent and 6.1 percent, respectively. The recalibration, the ADB said, reflects the impact of external headwinds and highlights the growing importance of responsive economic policy.
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