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DoubleDragon signs master service agreements for Madrid hotel

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DoubleDragon Corp. said Thursday its worldwide hotel expansion subsidiary, Hotel101 Global Pte. Ltd., signed master service agreements with Orience, PSI Consultants and L&L RSM...

Petron redeems $477.5 million in debt securities issued in 2018

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Petron Corp., the oil company of diversified conglomerate San Miguel Corp., said Thursday it has fully-redeemed the $477.5 million in senior perpetual capital securities...

BPI 1H net profit rises to P25.1 billion on asset base expansion, interest income surge

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Bank of the Philippine Islands, the country third largest lender by assets, said Thursday net profit in the first half rose 23 percent year-on-year...

ERC seeks greater powers under a proposed charter amendment

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) looks to strengthen its two decades old charter, more particularly against the obdurate constituent who sneeze at its array...

BOP narrows in June

Banking & Insurance Context.ph Context.ph -
The asymmetry in the country’s balance of payments (BOP) narrowed in June to a deficit of only $606 million, lower than the $1.6 billion...
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Frasco out as DOT chief, stays in Cabinet

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Secretary Christina Garcia Frasco will remain in the Cabinet of President Ferdinand Marcos Jr. but will step down as head of the Department of Tourism to become Presidential Adviser for Sustainable and Resilient Communities. Malacañang said tourism Undersecretary Verna Buensuceso will serve as officer in charge of the agency until a new tourism secretary is appointed. The Palace did not immediately explain the leadership change, and it remains unclear whether recent criticism surrounding the tourism department’s promotional campaign had any bearing on Frasco’s reassignment. Palace Press Officer and Undersecretary Claire Castro said President Marcos expressed his appreciation for Frasco’s leadership at the tourism department.

US probe tests ASEAN trade balance

Trade & Investments 0
The Philippines is closely watching a new US trade investigation that could reshape manufacturing supply chains and complicate trade flows across Southeast Asia.

ASEAN urged to keep trade flowing

Trade & Investments 0
The Philippines is pressing Southeast Asian economies to keep markets open as geopolitical tensions in the Middle East threaten to rattle global supply chains and push up energy costs.

Possible power rate increase of P2–P4/kWh next month – ERC

Energy & Mining 0
The Energy Regulatory Commission (ERC) on Thursday said electricity prices at the Wholesale Electricity Spot Market (WESM) could rise by P2 to P4 per kilowatt-hour (kWh) next month, based on simulations by the Independent Electricity Market Operator of the Philippines (IEMOP).
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