Megawide Construction Corp. has completed the sale of its remaining 9-percent stake in Citicore Renewable Energy Corp. (CREC), raising about P4.5 billion as the engineering and infrastructure firm accelerates debt reduction while funding its next phase of expansion.
The Department of Tourism (DOT) is turning to the country's biggest pop phenomenon to give Philippine tourism a fresh rhythm, naming P-pop sensation BINI as its newest tourism ambassadors.
The Department of Human Settlements and Urban Development (DHSUD) and the University of the Philippines Diliman (UP Diliman) have unveiled the model unit for the Southern Diliman Gardens Rental Housing Project, a signal of the government's growing shift toward rental housing as a key pillar of President Ferdinand Marcos Jr.'s Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.
The Bank of the Philippine Islands (BPI) has established itself as the financial powerhouse behind the country’s green energy transition, reaching an industry-leading cumulative investment of P376 billion through its Sustainable Development Finance program.
The Department of Environment and Natural Resources' (DENR) investigation into the alleged unsanitary operations and questionable water-testing practices of PrimeWater Infrastructure Corp. could pave the way for regulatory sanctions while helping restore public confidence in San Jose del Monte City's water system, the local government said.
The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.
A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.