Friday, 19 September 2025, 7:16 pm

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    SMC, Quezon City in pact expanding flood control, river rehab efforts

    San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.

    Sinar Mas and First Gen form strategic geothermal alliance

    PT DSSR Daya Mas Sakti (DSSR), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) under Indonesia’s Sinar Mas Group, has entered into a joint venture agreement with PT FirstGen Geothermal Indonesia, a subsidiary of the Philippines-based Energy Development Corporation (EDC), part of First Gen Corporation. 

    Cityland, LAND merger approved to form P3.8B firm

    Cityland Development Corp. (CDC) said Tuesday that its board has approved a proposed merger with its subsidiary, City & Land Developers Inc. (LAND), with CDC as the surviving entity, subject to shareholder and regulatory approvals.

    BSP adopts new format for policy decision announcements

    The Bangko Sentral ng Pilipinas (BSP) will implement a new format for announcing monetary policy decisions starting Thursday, 28 August 2025, aligning with international best practices in more advanced jurisdictions.

    BOC seizes over ₱600M worth of illicit cigarettes in Bulacan raid

    The Bureau of Customs (BOC) on Wednesday reported the seizure of approximately ₱605.29 million worth of smuggled cigarettes bearing markings from China and Vietnam during a warehouse raid in Plaridel, Bulacan.

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    Regulators unite to enforce fair play in telecom sector

    The Philippine Competition Commission (PCC) has signed a memorandum of agreement (MoA) with the National Telecommunications Commission (NTC), formalizing an interagency partnership aimed at enhancing competition and regulatory coordination within the country’s data transmission industry.

    Ombudsman shortens suspension of GSIS chief, 4 others

    The Ombudsman has lifted the preventive suspension of Arnulfo Veloso, president and general manager of the Government Service Insurance System (GSIS), which was imposed following an anonymous complaint alleging grave misconduct and gross neglect of duty over a P1.45 billion investment in perpetual preferred shares of Alternery Holdings Corp.

    Ayala acquires majority stake in Cebu Velez General Hospital

    Ayala Healthcare Holdings Inc. (AC Health) announced on Friday it is acquiring a 60 percent majority stake in Cebu Velez General Hospital (CVGH), a 200-bed Level 3 hospital in Cebu City, through its Healthway Medical Network.

    BPI extends ₱7.4B funding for major solar project in Zambales

    The Bank of the Philippine Islands (BPI) has signed a ₱7.4 billion project finance deal with AP Renewable Energy Corp., a subsidiary of Aboitiz Renewables, Inc., to fund a 221-MWp solar power plant in Olongapo, Zambales.
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