Aboitiz Equity Ventures Inc. said Monday it has entered into a definitive agreement with Coca-Cola Europacific Partners Plc for their joint acquisition of Coca-Cola Beverages Philippines Inc., which values the beverage bottler at USD1.8 billion on a debt-free, cash-free basis.
The Bureau of the Treasury launched Monday the Philippines’ maiden offering of peso-denominated Tokenized Treasury Bonds to raise at least P10 billion from the domestic capital market.
The Department of Budget and Management (DBM) has released additional funds of P3 billion to cover the budget shortfall for the Assistance to Individuals in Crisis Situation (AICS) program.
A technical working group (TWG) at the Department of Agriculture (DA) is assessing the commitment of the Metrobank Foundation Inc.’s (MBFI) to establish a P25 million onion cold storage facility.
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.
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.
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.
The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.