NSCR’s Malolos Station practically complete
The Department of Transportation on Thursday said the Balagtas station of the North-South Commuter Railway (NSCR) project, a key component of the planned partial operation of Clark International Airport and the West Valenzuela stations by December 2027, is now 95 percent complete.
DA chief wants year-long, expanded trial for P29 rice program
Agriculture Secretary Francisco P. Tiu Laurel, Jr. is looking at a one-year trial period for the P29 rice program to gather sufficient data and insights to devise a strategy to keep the cost of the food staple down for a larger number of Filipinos while sustaining farmers' income.
Meralco secures 500MW renewable energy supply in bidding process
Manila Electric Co., the country’s largest power distributor, said Thursday it has secured the best bids for 500 megaWatts of renewable energy supply from three power generation companies through the government-mandated Competitive Selection Process of the distribution utility.
BPI 1H net profit up 22% to a record P30.6 billion on interest income growth
The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Thursday it posted record net income of P30.6 billion in the first half of the year, a 22 percent increase driven by robust revenues and sustained positive operating leverage.
SMIC raises USD500 million through offshore bond issuance
SM Investments Corp. , the listed investment holding company of the Sy Group, said Thursday it raised USD500 million through the issuance of Euro medium-term notes that was priced at 5.466 percent, lower than initially expected due to strong demand mostly from Asian investors.
