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Government plans privatizing LRT 2, MRT 3 operations and maintenance in 2025

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The Department of Transportation (DOTr) on Tuesday bared plans to privatize the operations and maintenance of Metro Rail Transit Line 3 and Light Rail Transit Line 2  as soon as the lease contract on one of them expires next year. Their proponents, the DOTr said, will be entertained through a bidding process.

BDO starts offer of Sustainability Bonds, eyes initial size of P5B

Corporate Context.ph Context.ph -
BDO Unibank, Inc., the Philippines’ largest lender by assets, said Tuesday it will again issue peso-denominated fixed-rate Sustainability Bonds with a minimum aggregate issue size of P5 billion. 

DA meets agricultural, fisheries councils to hasten sector development and modernization

Agriculture Context.ph Context.ph -
Agriculture Secretary Francisco Tiu Laurel, Jr. welcomed the private sectors’ push for greater spending on agricultural infrastructure and mechanization to hasten the farm sector’s modernization, increase productivity, and ensure the country is food secure.

MRC Allied initiates transaction marking entry into telecommunications

Corporate Context.ph Context.ph -
The board of directors at MRC Allied Inc. has green lighted the purchase of shares of stocks of Bitstar Prime Holdings Inc. meant as its entry vehicle into the information and communication technology sector. 

SEC shuts down corporation selling financial, health benefits from mushrooms

Corporate Context.ph Context.ph -
The Securities and Exchange Commission has revoked the corporate registration of Infinity8Networks Digital Services OPC plus a fine of P1 million for illegally soliciting investments.
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DA readies P45B aid as El Niño damage mounts 

Agriculture 0
The Department of Agriculture is preparing up to P45 billion in interventions as El Niño-related agricultural losses climb to P6.87 billion, while moving to strengthen rice reserves and keep imports available as a contingency against a sharper production shortfall.

Retail sales seen to hit ₱7.71 trillion as value-seeking consumers drive shift toward essentials

Economy 0
Retail sales this year are projected to reach $123 billion, roughly ₱7.71 trillion at current exchange rate, marking a 1.7 percent growth from $121 billion last year, according to the United States Department of Agriculture's Foreign Agricultural Service in Manila.

Filinvest REIT appoints chairman as CEO following colleague’s retirement 

Corporate 0
Filinvest REIT Corp. (FILRT) has announced a major executive reshuffle, naming current Chairman Joseph M. Yap as its new President and Chief Executive Officer, effective October 15.

ICS, PSA integrate nat’l ID into CreditMo for faster, safer credit access

Corporate 0
Island Credit Solution (ICS) and the Philippine Statistics Authority (PSA) have formalized a partnership linking the National ID Authentication Services (NIDAS) to CreditMo, making ICS the first Special Accessing Entity and credit bureau partner successfully integrated with the system. For consumers, verifying identity to access credit information is now one quick step using the National ID, replacing the earlier multi-document process. Checks run directly against the National ID database, cutting fraud risk and protecting personal credit data.
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