Philippine Racing Club enters renewable energy sector
Philippine Racing Club Inc. is moving into renewable energy as the listed company diversifies beyond its former horse-racing business and expands its focus on real estate and other investments.
First Gen director resigns after KKR stake sale
First Gen Corp. said its director Manolo Michael de Guzman resigned from its board Friday, Sept. 11, following the divestment of 715.9 million First Gen shares by Valorous Asia Holdings Pte. Ltd., an investment vehicle wholly owned by global private equity firm KKR.
Philippine hotel pipeline to exceed 40,000 rooms
The Philippine hotel industry is poised to expand its investment pipeline beyond 40,000 rooms over the next five years, underscoring developers’ longer-term confidence in tourism despite mounting geopolitical and travel-cost risks.
Gov’t weighs EV tariff extension, calibrated incentives
The government is weighing a longer extension of zero tariffs on electric vehicles but wants to recalibrate incentives so stronger EV demand eventually translates into local assembly, manufacturing investment, and a wider charging network.
PEZA eyes record investment haul on P200B pipeline
The Philippine Economic Zone Authority (PEZA) is poised to exceed its investment registration target this year, with a roughly P200-billion pipeline of major projects potentially pushing approvals past its previous record.
