Globe closes sale of 90 towers to PhilTower for P1.3 billion; nears deal completion
Globe Telecom Inc. said Wednesday it completed the sale of 90 telecommunications towers worth around P1.3 billion to Phil-Tower Consortium Inc.
Two-month cash remittances rise 2.8% to $6.1 billion
The personal remittances of overseas Filipinos, an important source of liquidity helping drive consumption activities, grew 3 percent in February this year to USD2.95 billion.
Growth across ASEAN 5 seen accelerated to 4.5 percent in latest WEO projections
Economic growth across the ASEAN 5, collectively measured in terms of the gross domestic product (GDP) and which includes the Philippines, were to accelerate from last year's 4.1 percent to 4.5 percent this year, according to calculations by the International Monetary Fund (IMF) in the latest iteration of the World Economic Outlook projections.
Luzon and the Visayas power grids placed under alert status as heat index rises
Both the Luzon and Visayas grids were placed under alert status on Tuesday after 39 power plant units were on forced outage or alternatively de-rated with a total capacity of 2,793.8 megawatts (MW).
Regulator sanction forces PSE hand in delisting Abra Mining
The Philippine Stock Exchange Inc. on Tuesday said the trading of Abra Mining and Industrial Corp. shares remain suspended and its delisting will proceed as a matter of course at the bourse.
