MPTC units acquiring a third of JTT for $1B
Metro Pacific Tollways Corp. (MPTC) subsidiaries PT Margautama Nusantara (MUN) and PT Metro Pacific Tollways Indonesia Services (MPTIS) in partnership with the sovereign wealth fund GIC are acquiring a 35 percent stake worth USD 1 billion in Jasamarga Transjawa Tol (JTT), a subsidiary of the Indonesian toll road operator PT Jasa Marga (Persero) Tbk (Jasa Marga).
FATF cites PH progress made under grey list regime
The Paris-based Financial Action Task Force (FATF) has acknowledged the progress the Philippines has made in key areas of money laundering and terrorist financing that has fueled optimism for Manila to exit the FATF grey list.
Net metering entities rise sharply over nine years – ERC
The number of businesses and households embracing the net metering program has improved tremendously to 13,189 qualified end-users as at end-May this year from only 200 in 2015, the Energy Regulatory Commission (ERC) said on Monday.
T-bill rates average higher at auction on BSP inflation outlook
Treasury bill yields were higher at the auction Monday, lifted by the Bangko Sentral ng Pilipinas’ inflation projection for June that suggests monetary authorities could keep interest rates higher for longer.
Globe completes latest round of telco towers sale to Frontier Towers
Globe Telecom on Monday bared the transfer of 187 cell towers to Frontier Towers worth P2.38 billion.
