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Reserve electricity operations likely restored in July – ERC

The electricity reserve market, in suspension since March, is seen restored to full commercial operation in July, the Energy Regulatory Commission (ERC) said Monday.

MPTC selling 45% of CCLEX to fund expansion program

The Metro Pacific Tollways Corp. is exploring opportunities for partnerships with foreign strategic investors to secure additional funding for the Cebu - Cordova Link Expressway (CCLEX) and boost the project’s commercial viability. 

Globe sells more towers for P710 million

Globe Telecom on Monday has sold an additional 48 towers to PhilTower Consortium Inc. for P710 million. 

Emperador budgets P6.5 billion for capital spending in 2024

Emperador Inc., a leading player in the global brandy and whisky industry, said Monday it has budgeted P6.5 billion for capital expenditures for this year. 

Jollibee reports cybersecurity breach, initiates protocols to protect data

Jollibee Foods Corp., the country’s largest restaurant chain, said it experienced during the weekend a cybersecurity incident resulting in a personal data breach affecting the company and several of its subsidiaries.

Just in

Japan backs Pasig infrastructure, strengthens PH ties

Japanese Ambassador Endo Kazuya met with Pasig City Mayor Victor Ma. Regis “Vico” Sotto at the temporary Pasig City Hall to discuss ongoing cooperation and future partnerships.

Philippines shows strong AI interest but struggles to scale – study

A new study by ST Telemedia Global Data Centres (STT GDC) finds that companies in the Philippines are eager to adopt artificial intelligence (AI) but face major challenges in expanding its use.

PCCI back pragmatic review of coal moratorium

The Philippine Chamber of Commerce and Industry (PCCI) on Wednesday threw its support behind a government review of the country’s moratorium on new coal-fired power plants, calling the move a “pragmatic” response to intensifying energy security risks.

ADB chief Masato Kanda announces bid for second term 

Masato Kanda, president of the Asian Development Bank, announced he will run for reelection when his current term ends on November 23, 2026.
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