Ayala Land redeveloping all four flagship malls all at once with a budget of P13 billion
Ayala Land Inc. on Thursday said it will spend P13 billion to redevelop beginning this year four of its malls in Metro Manila and Cebu to keep up with changing commercial conditions generated by the end of the pandemic.
Overseas Filipinos in US, Middle East countries sent home $33.5 billion in 2023
Personal remittances from overseas Filipinos (OFs), which help drive consumption activities across the country, posted a new record high of USD3.6 billion in December 2023, up by 3.9 percent from the USD3.5 billion reported in December 2022.
DA coordinating with DSWD to distribute rice in lieu of cash grants to poor Pinoys
The Department of Agriculture is coordinating with the Department of Social Welfare and Development to directly supply poor Filipinos with rice instead of giving them cash grants to ease market pressure on the national staple.
Meralco commits to power the P488-billion Metro Manila Subway
The Department of Transportation (DOTr) and power distributor Manila Electric Co. (Meralco) on Thursday signed an agreement ensuring uninterrupted power and reliable service for the country's first underground railway, the Metro Manila Subway.
BSP confirms forecast and maintains policy settings
The policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) on Thursday decided to keep its borrowing rate unchanged at 6.50 percent, confirming market forecasts. As at result, the interest rates on overnight deposits and lending facilities were kept at 6 percent and 7 percent, respectively.
