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Domestic gaming market drives Bloomberry earnings in 2023

Corporate Context.ph Context.ph -
Bloomberry Resorts Corp., the listed casino and resort operator of tycoon Enrique Razon Jr. that owns Solaire, said Monday net profit surged 85 percent last year to P9.5 billion, driven mainly by the strong domestic gaming market.

DOE urging Panay consumers to conserve power as supply falls below 400 MW

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) on Monday urged consumers in Panay Island to conserve energy while waiting for the completion of the transmission upgrade and maintenance works at Palm Concepcion Power Corporation’s coal-fired power plant.

Meralco subsidiaries supply renewable power to AGI units

Energy & Mining Context.ph Context.ph -
Meralco retail electricity unit MPower has secured a contract to supply 100 megawatts of renewable energy to Travelers International Hotels, a unit of the Alliance Global Group Inc. (AGI) companies that operates Megaworld and Newport World Resorts.

Maynilad completes P208M pipe replacement project in Manila

Corporate Context.ph Context.ph -
West Zone concessionaire Maynilad Water Services, Inc. has completed a P208 million pipe replacement project in Sampaloc, Manila that improved water pressure and reduced losses in the area.

Treasury bill yields rise slightly; demand remains strong

Banking & Insurance Context.ph Context.ph -
Treasury bill yields continued to climb at the auction Monday, with inflation in February expected to rise after slowing down in January.
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PeraSure launches digital lending platform for gig, informal workers

Corporate 0
The Securities and Exchange Commission or SEC-registered Sulit Lending Corporation has officially launched its digital lending app PeraSure, offering easier credit access to millions of Filipino workers without regular payslips.

DOTr asks Congress to restore P12.8-B LRT-2 budget for new trains

Transport & Logistics 0
The Department of Transportation (DOTr) is urging lawmakers to reinstate the P12.8-billion allocation meant to buy new train sets for Light Rail Transit (LRT) Line 2, after the fund was dropped from the 2027 budget proposal submitted to Congress.

Philippine-led ASEAN–World Bank talks target private investment, infrastructure 

Trade & Investments 0
The Philippines has opened a new channel for regional cooperation on infrastructure financing, private investment and job creation after convening the first dialogue between Association of Southeast Asian Nations (ASEAN) finance ministers and World Bank Group (WBG) President Ajay Banga.

BIR warns e-invoicing providers against excessive fees

Economy 0
The Bureau of Internal Revenue (BIR) has cautioned electronic invoicing service providers against charging excessive fees as businesses prepare for the government’s mandatory electronic invoicing system, with compliance due by December 31, 2026.
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