Banco De Oro Universal Bank (BDO Unibank) on Friday bared a new policy against financing the construction of new coal-fired power plants as a matter of course going forward.
Inflation, or the rate of change in prices, is projected to range around the 4 percent mark in the second quarter this year, according to experts such as those from the analytics arm of the credit watcher Moody's Investors Service.
The rate at which prices change across the Philippines pushed past expert projections in February, averaging higher to 3.4 percent for the month from only 2.8 percent in January, the Philippine Statistics Authority (PSA) reported on Friday.
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
The Philippines ranks among the weakest across the Asia-Pacific region in the important metric of transparency, which measures whether governments and their officials are forthright and accountable, according to Moody’s Analytics.
BDO Unibank Inc. (BDO) has partnered with VITRO Inc., the data center arm of the PLDT Group, to finance and support the country’s most advanced data center, VITRO Santa Rosa (VSR).
Voltai, a startup under Aboitiz Power Corp.’s 1882 Energy Ventures, has rolled out the country’s first large-scale battery swapping ecosystem for electric two-wheel vehicles, aimed at fleet-based businesses.
Philex Mining Corp. plans to begin operations at its Silangan copper-gold project in Surigao del Norte by the first quarter of next year, even if it has yet to secure a development partner.
PLDT Inc. announced Wednesday that Anastacio R. Martirez has resigned as chief operating officer of Smart Communications Inc., amid allegations of a toxic workplace culture under his leadership.