Light Rail Manila Corp. (LRMC) on Wednesday said it will conduct rail replacement activities in the reversing or turnback area of its Baclaran Station from 20 to 24 September as part of the company’s continuous railway upgrade program.
Manuel Pangilinan, chairman of Philex Mining Corp., the country’s largest gold and copper producer, said Wednesday that as ironic as it sounds, the success of green technologies needed to pursue global sustainability goals depend on the growth the mining industry.
Manila Electric Co. is looking at a bigger role in fostering the growth of the local electric vehicle market, with possible investment in the local manufacturing or assembly of EVs, the chairman of the country’s largest power distributor said Wednesday.
Megaworld Corp. said Wednesday it will launch its fifth residential tower in its township project in Bacolod City, a twin-tower, 26-storey condominium expected to generate P5 billion in sales.
The country’s balance of payments (BOP) position stood as a deficit of $57 million in August this year, lower than the $572 million BOP shortfall in the same month last year.
The Philippines has secured €200 million in development financing from KfW Development Bank to protect marine ecosystems and expand economic opportunities for coastal communities.
Australia is stepping up its economic engagement with the Philippines, launching a new business mission on March 18 focused on high-impact industries poised to drive the next wave of bilateral growth.
Australian Assistant Minister Matt Thistlethwaite visited the Philippines on Wednesday to lead a business mission aimed at boosting trade and investment between Australia and Southeast Asia.