Top News
DA eyes $1B World Bank loan for sustainable agriculture
The World Bank and the Philippine government are moving forward with a landmark agreement that could reshape the country’s agriculture sector. At a recent meeting, agriculture secretary Francisco P. Tiu Laurel Jr. and World Bank country director Zafer Mustafaoglu reviewed the progress of the Philippine Sustainable Agricultural Transformation (PSAT) loan program, with the goal of finalizing the USD1 billion loan agreement in July.
DOTr reverses decision, moves forward with cashless toll system rollout
The Toll Regulatory Board (TRB) announced on Tuesday that it expects to implement a fully cashless and interoperable toll system across all expressways by the end of the year. This decision follows a brief suspension by the Department of Transportation (DOTr), which had initially ordered a delay for further review.
Petron to raise up to P32B via peso bond issue
Petron Corp., the Philippines' largest oil company and sole refiner, announced Tuesday that its board has approved a plan to raise up to P32 billion this year through the public offer of peso-denominated retail bonds.
MPTC pauses merger nego with SMC amid debt cut plans
Metro Pacific Tollways Corp. (MPTC) has announced a temporary pause in its merger negotiations with San Miguel Corp. (SMC), citing the company’s ongoing efforts to raise equity capital to reduce its debts.
Banks poised for continued profit growth in 2025
Fitch Ratings has forecast continued strong profitability for the country's major banks in 2025, building on last year's solid performance.
