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Largest bulk water project in the country to address Davao’s growing water needs

The Davao City Bulk Water Supply Project (DCBWSP), the largest of its kind in the country capable of producing 300 million liters per day (MLD) started commercial production on Wednesday.

Fruitas opens three restaurants in January

Food and beverage kiosk operator Fruitas Holdings Inc. has opened three new Ling Nam restaurants in Quezon City, Caloocan and Makati City in January. 

Industrial production gains back some of the strength lost in recent months

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 plug-in hybrid EV on loan to DOE as demo unit

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. 

Twice as much depositors use Maya Bank app in 2023

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. 

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Mixed fuel adjustments set to hit local pumps 

Filipino households and businesses face another week of divergent fuel price movements, as local retailers prepare to implement mixed adjustments driven by shifting geopolitical signals, seasonal demand, and supply chain disruptions. Jetti Petroleum President Leo Bellas indicated that gasoline prices are projected to rise by ₱1.50 to ₱1.70 per liter, while diesel prices offer brief relief with an expected drop of ₱1.90 to ₱2.10 per liter. The outlook for kerosene remains unspecified for the week following a sharp increase in the previous period.

Gov’t overhauls PERA rules to boost retirement savings and market growth

The Philippine government is rolling out key reforms to expand the Personal Equity and Retirement Account, or PERA, encouraging more Filipinos to save and invest for their future.

Mitsubishi’s $700-M Ayala deal to spur Luzon Corridor projects

Mitsubishi Corp.‘X planned USD700-million investment in Ayala Corp. could help accelerate infrastructure, energy, logistics and digital projects under the Luzon Economic Corridor (LEC), deepening Japanese participation in the Philippines’ industrial development while raising expectations for stronger private-sector investment.

Cebu Pacific takes delivery of 15th Airbus A330neo

Cebu Pacific (CEB) has officially welcomed its 15th Airbus A330neo aircraft, cementing its standing as the largest operator of this aircraft type across Asia and bringing another modern, fuel-efficient plane into its growing fleet.
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