The Bangko Sentral ng Pilipinas reported Monday that Fitch Ratings has affirmed the country’s “BBB” investment-grade rating but sharply revised its outlook from stable to negative, signaling rising economic risks.
A 25-megawatt solar power plant in Bugallon, Pangasinan has started its testing and commissioning phase, according to Yuchengco-led power company Petro Green Energy Corp. (PGEC).
The Metropolitan Waterworks and Sewerage System–Regulatory Office (MWSS-RO) has imposed a ₱54.28 million penalty on Maynilad Water Services, Inc. over service issues.
The Department of Energy (DOE) said five renewable energy projects with a combined capacity of 128.9 megawatts (MW) are now operational. This is part of its goal to bring 25 renewable energy and energy storage projects online within the month.
Power semiconductor firm onsemi is looking to deepen its footprint in the Philippines, signaling fresh investment through a brownfield expansion strategy that prioritizes scaling operations in existing facilities.
The Parañaque Integrated Terminal Exchange (PITX) forecasts around 1.89 million passengers passing through its facilities from October 25 to November 4 this year, as Filipinos travel home for All Saints’ Day and All Souls’ Day.
The Securities and Exchange Commission (SEC) has released the regulatory framework governing market making activities, bringing Philippine market practices in line with international standards to improve liquidity, strengthen price formation, and support capital raising in the country’s financial markets.
Amid the ongoing El Niño dry spell, local hydropower developers are urging the government to step up assistance and put in place clearer policies to speed up project rollout across the country.
FINANCIAL ANALYSTS EXPECT Mynt Inc., the parent company of dominant e-wallet operator GCash, to maintain a steady upward trajectory following its upcoming debut on the Philippine Stock Exchange, though its performance may resemble the measured pace of a mature corporate giant rather than a high-speed startup.