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Robinsons Retail raises stake in BPI to 6.8% for P19.7B

Robinsons Retail Holdings Inc. raised its stake in Bank of the Philippine Islands to 6.8% by purchasing an additional 4.4% of the lender for...

Philippines on track towards meeting forecast 7.2% growth in 2022 – World Bank

The Philippines is on track towards achieving growth in 2022 averaging 7.2 percent in terms of the gross domestic product, the World Bank said in the January 2023 iteration of its Global Economic Prospects report.

Malacañang to make permanent  joint memo facilitating quick telco tower construction

The Private Sector Advisory Council (PSAC) has convinced Malacañang to make permanent a soon-to-expire joint agreement making it easier for the telecommunications companies to build telco towers helping speed up the country’s drive towards the digitalization of transactions.

Philippine Business Bank Completes P1.25B Private Placement, Gears Up For P500M Rights Offer

Philippine Business Bank said on Friday that the subscription to 125 million shares that were privately placed last year with the bank’s principal shareholders have been completed, setting up the second part of a plan to raise its authorized capital by P1.75 billion and increase lending activity.

SMC unit to provide 350,000 Bulacan households affordable drinking water by Q1 2025 

San Miguel Corporation (SMC), through its Luzon Clean Water Development Corp. (LCWDC), will make available affordable water from the Angat reservoir to more than...

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PSE updates index inclusion rules to match global norms

The Philippine Stock Exchange (PSE) has announced major updates to its criteria for companies joining the 30-member benchmark index, introducing a new market capitalization threshold and revised liquidity rules ahead of the February 2027 rebalancing period.

JCB marks 30 years in Philippines, joins 70th PH-Japan friendship commemoration

The Philippines and Japan established formal diplomatic ties in 1956, building a longstanding partnership centered on friendship, economic cooperation, and cultural exchange.

SJDM Bulacan Water supply risks worsen as Angat Dam levels drop

San Jose del Monte (SJDM) City in Bulacan has stepped up its emergency efforts as reduced allocations from the Metropolitan Waterworks and Sewerage System (MWSS) cut the local water district’s daily supply from 70 million liters to 45 million liters.

PMFTC remains top local tobacco buyer for third straight year

PMFTC Inc., the Philippine unit of Philip Morris International, has maintained its position as the country’s leading purchaser of locally grown tobacco leaves for three consecutive years.
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