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Latest closing deals push proceeds from Globe tower divestment to P51.9 billion

  Globe Telecom Inc., a leading digital platform in the Philippines with major interests in telecommunications and financial technology, said Wednesday it completed in recent...

Personal remittances up 3 percent to $17.6 billion in the first half

Money sent home by overseas Filipinos (OFs) increased by 2.2 percent to $3.13 billion in June from only $3.06 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.

AllDay income rises by 14 times over six months

AllDay Marts Inc., which operates AllDay supermarket, on Tuesday reported income growing 14 times to P171.97 million from last year’s P11.62 million. The company said...

Megawide reverses last year’s loss and posts P362 million 1H income

Megawide Construction Corp. on Tuesday posted consolidated net income of P362.61 million in the first six months of the year, a reversal from P441.14...

Max’s appoints new CFO 

Max’s Group Inc., which operates the country’s largest casual dining chain, has appointed Roberto Joaquin P. Ramos as its new chief financial officer, effective...

Just in

PH leads push to scale up global loss and damage funding as demand far outstrips available aid

The Philippines is calling for a major increase in global financing under the Fund for Responding to Loss and Damage, after the first round of funding requests showed overwhelming need far outpacing what is currently available.

DOE advances nuclear energy framework; lays out rules, timelines and roles

The Department of Energy is moving forward with the proposed framework that will govern the Philippines’ first-ever nuclear power procurement, following the completion of initial consultations with stakeholders.

ERC issues new policies protecting power consumers 

The Energy Regulatory Commission (ERC) has rolled out three new policies to boost transparency, fairness, and savings for Filipino electricity consumers.

Aboitiz Foods, PH Army renew LAMP livelihood partnership

Aboitiz Foods via Pilmico Foods Corp. and the Philippine Army have renewed their joint Livelihood Assistance and Management Program (LAMP) for another five years.
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