BDO Unibank Inc., the country’s largest lender by assets, on Wednesday cut short the offer period for its second ASEAN Sustainability Bond issue due to strong demand from both retail and institutional investors.
The Philippine Amusement and Gaming Corporation said gross gaming revenue in 2023 reached a record P285.27 billion, exceeding pre-pandemic levels as mobility restrictions eased and tourism rebounded.
The fuel surcharge in February eases further to Level 5 from Level 6 in January, making possible for the various airlines to sell even cheaper seats during the month.
One hundred seventy-five power plants generating a combined 39,908.964 megawatts (MW) were subjected to a full engineering review known as system impact studies (SIS) at the National Grid Corporation of the Philippines (NGCP) in 2023, the Department of Energy (DOE) said on Tuesday.
The board the Philippine Stock Exchange Inc. and of the Philippine Dealing System Holdings Corp. have expressed their support for the appointment of Frederick D. Go as Presidential Assistant on Investment and Economic Affairs.
The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.
A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.
The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.