Philippine companies are sharpening their sights on Saudi Arabia as Manila ramps up a trade push to plug local exporters into the Kingdom’s surging infrastructure and consumer markets.
The 797-megawatt Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex in Laguna has been formally turned over to the Thunder Consortium, marking a major step in strengthening the country’s power system as more renewable energy comes online.
Filinvest Land, Inc. is tapping the debt market anew, approving up to P11.57 billion in fixed-rate peso bonds to refinance existing obligations and bankroll expansion, as improving liquidity and stronger investor appetite reopen a favorable funding window for established developers.
The Philippine Competition Commission (PCC) has approved a proposed joint venture involving GCMC Holdings, Inc., Navegar II (Singapore) Pte. Ltd., and Leapfrog Emerging Consumer Fund IV, LP, clearing the transaction after a Phase 1 review.