Sy Group keeps 60% of BDO, foreign investors hold 25.18%
BDO Unibank Inc. reported Friday that foreign ownership in the country’s largest lender by assets stood at 25.18 percent at the end of 2023, leaving the balance in the hands of Filipino investors, primarily the Sy Group.
IMF says ‘not yet there’ on need for systemic approach to high debt
The International Monetary Fund still favors a case-by-case approach to dealing with sovereign debt issues, but is closely monitoring developments to ensure it is prepared if a more systemic approach is needed, a top official said on Thursday.
First El Niño-related agri damage reported in Zambo del Norte
The first reports of damage attributed to El Niño surfaced Thursday from Zamboanga del Norte whose rice crops sustained estimated losses of P717,500, according to the Department of Agriculture.
P2 billion cost savings from measures ahead of hot months
Guidelines implementing a government-wide energy saving program is seen generating an estimated P2 billion, the Department of Energy (DOE) said on Thursday. The guidelines implementing Administrative Order 15 signed earlier by President Ferdinand Marcos Jr. should be out the latest by mid-February.
DA chief appoints chief of staff, undersecretary for operations
The Department of Agriculture has formalized the appointment of additional key members of Agriculture Secretary Francisco P. Tiu Laurel, Jr’s official family, particularly his chief of staff and the undersecretary for operations.
