Manila remains a net lender with US$65.5B foreign currency assets
The Philippines remains a net lender of resources on the global stage rather than as net borrower based on the country's international investment position (IIP).
ACEN secures P34.41B Loan for Quezon-Laguna wind farm
ACE Corp., the renewable energy arm of the Ayala Group, announced that its subsidiary, GIGA ACE 6 Inc., has secured a loan of up to P34.41 billion to finance its 344.5-megawatt onshore wind power project, which spans towns in Quezon and Laguna.
Pinoy, gigil, 9 other Filipino words make it to Oxford English Dictionary
The latest quarterly update of the Oxford English Dictionary has added several Filipino words, including gigil, lumpia, Pinoy, and eight others, to its list of "untranslatable words." The OED defines these words as those that have been lexicalized in one language but not in others, making them particularly intriguing.
Small-format retail grows amid Philippine logistics challenges
The long-held retail belief in the Philippines that "bigger is better" is being reshaped as consumers increasingly seek speed, convenience, and accessibility in their shopping experiences. Small-format stores, including neighborhood supermarkets, mini-marts, and convenience stores, have become key players in meeting these demands.
EGCO secures 15-year PSA for Quezon Power
Electricity Generating Public Co. (EGCO), a Thai energy company, has secured a 15-year power supply agreement (PSA) of 400 megawatts (MW) for its coal-fired Quezon Power plant in Mauban, Quezon.
