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Ayala Healthcare expands footprintwith acquisition of St. Joseph Drug

Ayala Healthcare Holdings, Inc., the Ayala Group’s healthcare arm, has acquired a significant minority stake in North Luzon-based pharmaceutical company, St. Joseph Drug (Joleco...

Japan turns over air surveillance radar system to PAF

The Embassy of Japan has turned over a Japanese-built air surveillance radar system to the Philippine Air Force (PAF) in ceremonies at the Wallace Air Station, San Fernando City, La Union.

President Marcos signs 2024 budget into law; govt eyes sustained growth

President Ferdinand Marcos Jr. on Wednesday signed into law the P5.768 trillion General Appropriation Act for 2024, a budget the chief executive said was meticulously crafted by the national government and Congress to sustain the Philippines’ high-growth trajectory, 

Meralco reworks CSP terms to ensure bidder participation

The Department of Energy (DOE) has endorsed the Manila Electric Co. (Meralco) idea to cap the offer of proponents under its competitive selection process (CSP) to encourage bidder participation and ensure success.

RLC, RCR boards accept Go’s resignation

The board of property developer Robinsons Land Inc. and its real estate investment trust RL Commercial REIT Inc. have accepted the resignation of Frederick D. Go, where he is chief executive officer and chairman, respectively, as the young Presidential Adviser on Investment and Economic Affairs joins the government. 

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Forestry policies in place for credible carbon market

The Philippines has laid the regulatory groundwork for a credible forest carbon market, with the Department of Environment and Natural Resources (DENR) releasing two key policies designed to meet private sector demands for clear rules, strong safeguards, and transparent project pathways.

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.
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