Monetary board maintains policy settings
The monetary board of the Bangko Sentral ng Pilipinas (BSP) at its final rate-setting meeting this year opted to keep the benchmark interest rate or its target reverse repurchase (RRP) rate unchanged at 6.50 percent.
Cosco declares P1.41B cash dividend, extends shares repurchase program
Cosco Capital Inc., the listed holding company of billionaire Lucio Co, said Thursday its board approved a cash dividend declaration worth a total P1.41 billion and a new P2 billion budget for the renewal of its shares buy back program next year.
Technology helps make Move It app users ride safely
Move IT, a local transport solutions provider, on Thursday said it is working with government to validate its passenger safety data and other features necessary to ensure that its app users are protected.
Higher reserves help ease WESM rates in December
The average price of electricity at the Wholesale Electricity Spot Market (WESM) eased in December, according to the Independent Electricity Market Operator of the Philippines (IEMOP). It attributed the decrease in the average spot price of power to higher levels of reserves.
ACEN Corp. draws P11 billion in sustainability-linked loan from ADB, BPI
The Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI) have extended ACEN Corp. an P11-billion sustainability-linked loan to finance its solar projects.
