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BPI lists upsized P36.66B  fixed-rate bonds on PDEX

Bank of the Philippine Islands on Monday issued and listed P36.66 billion of peso fixed-rate bonds due 2025 on the Philippine Dealing & Exchange Corp.

MPIC remains keen on acquiring agri firm Axelum

Metro Pacific Investments Corp. remains interested in acquiring coconut product manufacturer Axelum Resources Corp. although the business failed to achieve its own performance targets, extending the discussion of its acquisition in the process.

Globe 3Q internet speed accelerates in 19 locations

Globe Telecom Inc. over the weekend said its download and upload speeds  further improved in 19 strategic locations in the third quarter of 2023. "The...

Toyota commits enough Veloz models to supply JoyRide’s super taxi service

Toyota Manila Bay Corporation (TMBC), a joint venture between GT Capital Holdings, Inc. and Mitsui & Co. Ltd., vowed to supply enough of the Toyota Veloz models for the expansion of JoyRide Philippines' "super taxi" service.

Marubeni remains committed as Maynilad investor

Marubeni Corp., the Japanese partner of west zone concessionaire Maynilad Water Services Inc., is committed to invest more in the Philippines despite the issues the business sometimes have to deal with over the years. 

Just in

Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.
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