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Damp lease helps Cebu Pacific address seat shortage

A damp lease agreement with Bulgaria Air has allowed Cebu Pacific to expand its transport capacity and meet the increasing demand for domestic air travel.  

CREC set for early March IPO seen generating P12 billion

Securities regulators have green lighted Citicore Renewable Energy Corp.'s bid to raise more or less P12 billion in an initial public offering (IPO) set in March this year.  

Raslag acquires 100-hectare property in Nueva Ecija

Listed renewable energy firm Raslag Corp. has purchased over a hundred hectares of property in Sto. Rosa, Nueva Ecija for P807.7 million.

BDO cuts short offer period for ASEAN Sustainability Bond by a week on strong demand

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.

PAGCOR gross gaming revenue at record P285.27B in 2023, eyes P336.38B for 2024

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.

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Special bus service to fill LRT-2 service gap

Transport authorities are rolling out a plan to ease the squeeze from limited LRT-2 operations. Transportation Secretary Giovanni Lopez has ordered the LTFRB and LRTA to study issuing special permits for buses to run the full LRT-2 route—Antipolo to Recto and back—stopping at all stations.

A simple formula may predict when AI chatbots go rogue

Artificial intelligence can sound like the smartest person in the room, until it starts giving advice that could do real harm. Now, two physicists at The George Washington University say they may have found a way to predict when that happens, using a surprisingly simple mathematical formula.

OceanaGold boosts Didipio mine safety monitoring

OceanaGold (Philippines), Inc. has improved how it monitors the tailings storage facility at its Didipio Mine, using new technology to track changes in the structure, especially during the rainy season when heavy rainfall can increase risks.

SEC raises capital requirements for stock brokers to boost market stability 

The Securities and Exchange Commission is moving to increase the minimum capital requirement for stock brokers and dealers, aiming to strengthen financial safeguards and align the local market with international standards.
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