PEZA smashes record, eyes historic finish in 2025
The Philippine Economic Zone Authority (PEZA) has surged past a key metric, approving P237.1 billion in investments as of December 12—already beating the full-year 2024 total of P214.18 billion by nearly 11 percent and putting its P250 billion 2025 target squarely within reach.
PetroEnergy tightens grip on Petrowind
PetroEnergy Resources Corp. (PERC) is moving to consolidate its stake in renewable energy after signing a Share Purchase Agreement to acquire BCPG Wind Cooperatief U.A.’s entire 40 percent equity interest in PetroWind Energy Inc. (PWEI).
OPMC eyes bigger, longer Linapacan play
Oriental Petroleum and Minerals Corp. is gearing up for the next chapter of the West Linapacan project as its joint venture moves to secure a new petroleum service contract ahead of the current concession’s expiration.
PCC clears Metro Pacific takeover of coconut firm
The Philippine Competition Commission (PCC) has cleared Metro Pacific Agro Ventures Inc.’s takeover of Franklin Baker Company of the Philippines, paving the way for a major consolidation in the country’s coconut industry.
US inflation surprise spurs Wall Street rally
U.S. stocks jumped Thursday after a long-delayed inflation report delivered a clear upside surprise, snapping Wall Street out of a four-session slide and reigniting hopes for interest-rate cuts.
