BOI moves to pay CARS arrears despite budget veto
The Board of Investments (BOI) has moved to calm investor nerves, assuring Toyota Motor Philippines Corp. and Mitsubishi Motors Philippines Corp. that nearly P4 billion in unpaid incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program will still be settled—despite President Ferdinand Marcos Jr.’s veto of the budget allocation.
Mixed fuel price adjustments set amid Venezuela uncertainty
The various fuel retailers will roll out mixed fuel price adjustments starting Tuesday morning. Gasoline prices will go down by P0.10 per liter, while diesel will increase by P0.20 per liter and kerosene by P0.10 per liter. Companies such as Seaoil, PTT, and Jetti will implement the changes at 6:00 a.m.
BDO taps market with ASEAN green bonds
BDO Unibank Inc., the country’s largest lender, will open on Wednesday a nearly two-week public offer of P5 billion in fixed-rate ASEAN Sustainability Bonds, with room to upsize should investor demand prove strong.
Meralco warns public vs power cable theft
Meralco on Monday renewed its warning to the public about the dangers of stealing power cables after an incident in Quezon City early Sunday disrupted electricity to nearly 8,000 customers.
PAL tops Asia-Pacific on-time performance for 2025
Philippine Airlines (PAL) has been named the most on-time airline in the Asia-Pacific region for 2025, according to aviation analytics firm Cirium.
