The Philippines and the United Nations Development Program have secured Canada's commitment for $5.3 billion of climate finance, the president's office in Manila said on Wednesday.
Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 percent of its headcount, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.
Danish investment firm Copenhagen Infrastructure Partners is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries, the heads of the fund told Reuters.
U.S. Vice President Kamala Harris sought to claim the mantle of global climate leadership for the United States on Saturday in a speech to the COP28 summit, listing a slew of initiatives to cut emissions and harness renewable energy in the world's largest oil and gas producer.
Petron Corp., the country’s largest oil refiner and fuel retailer, reported a 37 percent increase in net income to ₱9.7 billion for the first nine months of the year, up from ₱7.1 billion in the same period last year.
Globe Telecom is stepping up efforts to boost online security nationwide through its growing application programming interface (API) ecosystem. The company is moving beyond traditional one-time passwords (OTPs) toward next-generation authentication methods designed to better protect users from phishing and online fraud.
Colliers reported sustained improvement in Metro Manila’s residential market in the third quarter, the second consecutive quarter of rising pre-selling condominium net take-up. The property consultancy firm said this uptrend indicates that demand is holding firm, supported by attractive ready-for-occupancy (RFO) promotions and discounts offered by developers.