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PCC approves joint venture for Sangley Point Int’l Airport

The Philippine Competition Commission (PCC) has approved a joint venture between the Cavite provincial government and a consortium including Cavitex Holdings, Inc. and House of Investments, Inc. to develop the USD11 billion Sangley Point International Airport (SPIA).

Recto to chair G-24 meeting in Washington

The Intergovernmental Group of Twenty-Four (G-24) will convene under the chairmanship of Finance Secretary Ralph Recto of the Philippines to address pressing international monetary and development finance issues.

Report: PH lost $8.1B to online scams in 2024

The Philippine economy lost an estimated USD8.1 billion, around 1.9 percent of gross domestic product, through online scams despite growing awareness among Filipinos, the 2024 State of Scams in the Philippines report showed.

Renewable energy projects worth P27.48B planned in Samar, Bulacan

Two major renewable energy initiatives totaling P27.48 billion are set for development in Samar and Bulacan, according to the Department of Environment and Natural Resources.
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BSP cuts interest rates again to foster growth amid easing inflation

The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced a 25 basis point reduction in its key interest rates, lowering the target reverse repurchase rate to 6 percent.

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