T-bill yields ease as market prices possible rate cut
Average yields on Treasury bills declined at Monday’s auction, as strong demand for short-term government debt reflected expectations of at least one more policy rate cut this year.
Philcement seals Japanese strategic equity infusion
Philcement Corp., a subsidiary of listed PHINMA Corp. (PHN), confirmed it has received the investment of Sumitomo Osaka Cement Co. Ltd. for the Japanese company's acquisition of a 15 percent stake in the cement manufacturer through the issuance of primary shares.
Padcal Mine mill disruption hits output
Phile Mining Corp. said operations at its Padcal Mine were disrupted following a structural failure at the mill plant over the weekend, dealing a setback to daily production at one of the country’s longest-running mining operations.
PAL to receive new A350-1000 aircraft through 2027
Philippine Airlines (PAL) said Monday that it will receive eight Airbus A350-1000 aircraft through 2027 as part of its fleet expansion and efforts to support the country’s tourism industry.
CARS incentives finally shift into gear
Government incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program could finally begin flowing this year, with funding initially sourced from declared savings of the Department of Public Works and Highways (DPWH).
