Villar Land Holdings Corp., formerly Golden MV Holdings Inc. on Tuesday announced remaining bullish on property asset appreciation despite reporting net income of ₱999.72 billion in 2024, marking a dramatic rise from ₱1.46 billion in 2023.
The Department of Energy (DOE) is set to announce the winning bids for the third round of its Green Energy Auction (GEA-3) by next week, a move poised to catalyze significant growth in the country’s renewable energy market.
The average price of electricity in the Wholesale Electricity Spot Market (WESM) dropped by 11.2 percent to ₱4.01 per kilowatt-hour (kWh) in May, offering relief to commercial and residential consumers amid steady demand growth, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Philippine Airlines (PAL) and AirAsia Philippines have launched major seat sales running from 2 to 15 June, aiming to stimulate travel demand and expand market reach during the midyear travel period.
Globe Fintech Innovations Inc., the operator of mobile payments platform GCash, has announced that its board has approved a stock split—widely seen as a potential prelude to a future initial public offering (IPO).
Aboitiz Upgrade Solar Inc. (AUSI), a renewable energy affiliate of Aboitiz Power Corp., has partnered with electronics manufacturer TDK Philippines Corp. (TPC) to install a 5.65-megawatt-peak (MWp) rooftop solar PV system across two TPC facilities in Laguna.
President Ferdinand R. Marcos Jr. has appointed Secretary of Justice Jesus Crispin “Boying” Remulla as the new Ombudsman, succeeding former President Rodrigo Duterte-appointee Samuel R. Martires whose term ended in July. Remulla, who has served Justice Secretary since 2022, is known for pushing reforms to modernize the justice system and fight corruption. With decades of experience as a legislator and lawyer, he is expected to uphold transparency and accountability. The Marcos administration has reiterated its zero-tolerance of corruption. Ombudsman, the government’s primary graft buster, serves a single 7-year term and can only be removed through impeachment for offenses such as treason, bribery, graft and corruption, or betrayal of public trust.
Targeted efforts by the Department of Agriculture (DA) to manage the supply and pricing of key food items, particularly rice, sugar, and corn, are helping protect the poorest Filipino households from the brunt of inflation, even as overall consumer prices rise.