Toyota flags scale, flexibility concerns after RACE axed
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.
Sugar group seeks urgent cloud seeding, opposes tax hike in Negros
The United Sugar Producers’ Federation of the Philippines (Unifed) has called on the government to immediately carry out cloud seeding operations as dry conditions linked to a possible El Niño begin to affect crops.
Levanta awards EPC contract for 166 MW Iloilo solar project
A foreign renewable energy developer, Levanta Renewables, has awarded an engineering, procurement, and construction (EPC) contract to China Energy Engineering Group for a solar power project in Iloilo.
Foreign investors show strong interest in mWell, Metro Pacific Health app
Metro Pacific Health Tech Corp., owner of the health app mWell, is attracting attention from numerous investors, even separate from Metro Pacific Hospitals, its parent company.
BSP pledges vigilance as S&P maintains stable rating for PH sovereign
The Bangko Sentral ng Pilipinas (BSP) on Thursday confirmed that the Philippines has held on to its investment-grade credit rating of “BBB+” with a stable outlook, as reaffirmed by S&P Global Ratings. The rating outlook was revised from “positive” to “stable” due to the ripple effects of the ongoing Middle East conflict on the global economy.
