Fitch Group unit BMI cites EO 62 adverse impact on global rice price
Think tank and Fitch Group unit BMI said the Manila decision reducing the tariff on imported rice could help push the price of the staple higher in global markets.
ORIX METRO appoints Angelo Z. Padua as president
ORIX METRO Leasing and Finance Corporation, one of the country’s top leasing and financial services companies, on Monday announced the appointment of Angelo Z. Padua as president effective 1 July 2024.
MPTC units acquiring a third of JTT for $1B
Metro Pacific Tollways Corp. (MPTC) subsidiaries PT Margautama Nusantara (MUN) and PT Metro Pacific Tollways Indonesia Services (MPTIS) in partnership with the sovereign wealth fund GIC are acquiring a 35 percent stake worth USD 1 billion in Jasamarga Transjawa Tol (JTT), a subsidiary of the Indonesian toll road operator PT Jasa Marga (Persero) Tbk (Jasa Marga).
FATF cites PH progress made under grey list regime
The Paris-based Financial Action Task Force (FATF) has acknowledged the progress the Philippines has made in key areas of money laundering and terrorist financing that has fueled optimism for Manila to exit the FATF grey list.
Net metering entities rise sharply over nine years – ERC
The number of businesses and households embracing the net metering program has improved tremendously to 13,189 qualified end-users as at end-May this year from only 200 in 2015, the Energy Regulatory Commission (ERC) said on Monday.
