Industrial production in the Philippines, which measures the performance of the various industrial units such as manufacturing, mining and others, rose 2 percent in volume terms in December. In value terms, industrial production grew 2.6 percent.
Mitsubishi Motors Philippines Corp. (MMPC) has agreed to lend its plug-in hybrid electric vehicle (PHEVs) to the Department of Energy (DOE) for purposes of promoting such vehicles in the Philippines. PHEVs run on both battery power and traditional internal combustion engines.
Maya Bank Inc., the fintech arm of PLDT Inc., on Tuesday reported doubling its depositors to 3 million last year, its deposits totaling P25 billion or 69 percent more than previous.
The Power Sector Assets and Liabilities Management Corp. (PSALM) on Tuesday bared receipt of P5.176 billion from the Department of Transportation (DOTr) as payment for the purchase of properties in Sucat, Paranaque.
Aboitiz Power Corporation has received official commendation from the Association of Southeast Asian Nations for its outstanding contributions to the region’s energy sector, with special recognition of its work in advancing nuclear energy cooperation, knowledge sharing, and skills development.
Barangay Galalan in Pangil, Laguna, finally has its own ambulance through LG Electronics Philippines’ “Life Saver on Wheels” project, ending years of relying on makeshift transport for emergencies.
The Department of Agriculture is exploring a partnership with DALI Everyday Grocery that would give local farmers steady, expanding direct sales channels and boost contract farming opportunities for cooperatives and producer groups.
Mynt Inc., operator of GCash, has drawn exceptionally strong domestic interest for its upcoming initial public offering, with state-run pension funds GSIS and SSS among those seeking shares, and lead arranger BDO Capital urging that more stock be set aside for local investors.