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New bilateral accord paves way for daily flights between Philippines and Iceland

Travelers and commercial shippers may soon enjoy direct transit options between Southeast Asia and the Nordic region following a landmark aviation deal between Manila and Reykjavik. Representatives from the Philippines and Iceland finalized an initial Air Services Agreement in Iceland, granting each country up to seven flight entitlements per week for both passenger and cargo operations.

Billease secures P1B credit facility from PNB, landmark deal uses PPSR framework

Billease, the fintech brand operated by First Digital Finance Corp., announced Thursday it has signed a P1 billion credit facility with Philippine National Bank (PNB), the lender led by the Lucio Tan group.

Robinsons Land’s Kerwin Tan named CFO of the Year

Kerwin Max S. Tan, chief financial, risk and compliance officer of Robinsons Land Corp. (RLC), has been awarded CFO of the Year at the 25th Global Edition of the Asia Business Leader of the Year Awards in Singapore.

Converge expands Leyte footprint with new business centers in Tacloban, Ormoc

Converge ICT Solutions Inc. has launched two new business centers here in Tacloban and Ormoc, broadening its customer service network across the province of Leyte.

SP Gatchalian pushes Senate reforms to spur investments

Senate President Sherwin Gatchalian is pushing a package of economic reforms aimed at reviving investment, creating jobs, cutting power costs, and easing regulatory bottlenecks, including the creation of a Senate panel to coordinate the measures.

Just in

Vivant’s COREnergy to supply 0.6MW power to Cebu’s JEG Tower under 2-year fixed-rate deal

COREnergy, the energy retail subsidiary of listed firm Vivant Corp., has secured a contract to supply 0.6 megawatts of electricity to JEG Tower in Cebu City, marking a key expansion of its commercial client base and advancing its parent group’s broader energy investment and growth targets.

Low conviction rate in power theft cases fuels reform push; DOE proposes phased removal of non-technical systems loss charges

Only 21 out of 548 electricity pilferage cases recorded since 2022 have resulted in convictions, data presented at the Senate Committee on Energy hearing on August 18 showed, revealing severe enforcement gaps under Republic Act 7832 or the Anti-Electricity and Electric Transmission Lines/Materials Pilferage Act of 1994.

Agri damage hits P1.73B; TD Neneng now included

Agricultural losses from the enhanced monsoon and storms Luis, Maymay, and TD Neneng rose to P1.73B, the DA said in its Aug. 20, 7 a.m. advisory — up from P1.42B on Aug. 17 before Neneng’s effects were tallied.

PSE sets Robinsons Retail delisting on Aug 31

Robinsons Retail Holdings Inc. (RRHI), part of the Gokongwei Group, is set to end its tenure as a publicly listed company at the end of August, after the Philippine Stock Exchange approved its petition for voluntary delisting.
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