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Meralco secures additional ILP commitment

The Manila Electric Co. (Meralco) has secured commitment for additional de-loading capacity under the interruptible load program (ILP) as the company ramps up efforts...

Security Bank arm bags contract to manage P2.5B SSS funds

Listed Security Bank Corp. has edged out competing fund managers for a shot to manage P2.5 billion worth of assets of state-run pension fund...

BSP issues new rules on customer due diligence, e-KYC

The Bangko Sentral ng Pilipinas (BSP) has approved the amendments to its customer due diligence (CDD) regulations, which include guidelines on electronic know-your-customer (e-KYC)...

Customs surpasses collection target in Q1

The Bureau of Customs (BOC) surpassed its first-quarter target after generating in March its highest monthly collection for the year. Customs Commissioner Bienvenido Rubio said...

Gov’t budget deficit hits P106-billion in Feb.

The Marcos administration’s budget deficit widened slightly in February due to flat government spending and lower collections of the Bureau of Internal Revenue’s (BIR). Data...

Just in

Toyota expands Asia role via regional training

Toyota Motor Philippines Corp. (TMP) is taking on a broader role in Toyota’s Asian operations as the automaker taps its Philippine unit to train technical instructors from affiliates across the region.

ACEN closes 10% stake sale in India solar project

ACEN Corp., the renewable energy arm of the Ayala...

JTI targets wider exports with ₱1.9-B Batangas plant

JT International (JTI) is positioning its P1.9-billion Dry Ice Expanded Tobacco (DIET) plant in Batangas to support potential production growth and broaden the Philippines’ export reach, as the country strengthens its role as the tobacco giant’s manufacturing hub for Asia.

DHSUD eyes unsold condos to expand 4PH housing

The Department of Human Settlements and Urban Development (DHSUD) is preparing a new housing financing scheme that would tap unsold condominium units for the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, giving private developers another channel to clear inventory while widening affordable housing options in Metro Manila.
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