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GCash parent Mynt secures fresh investments; company valued at USD5 billion
Globe Fintech Innovations, Inc., the parent company of GCash and better known as Mynt, has secured significant new investments from Ayala Corp. and Mitsubishi UFJ Financial Group of Japan, effectively valuing the financial technology company at USD5 billion compared with only USD2 billion in 2021.
AG&P contracted to deliver 70 MW of geothermal power in Eastern Visayas
The Philippine-headquartered Atlantic, Gulf and Pacific Company of Manila Inc. (AG&P Industrial) has ventured into the renewable energy sector and partnered exclusively with Cresphil Inc., Energy Stream Power Corp. and Royal Eijkelkamp in a project delivering geothermal power in Eastern Visayas.
President Marcos accepts resignation of DTI chief Pascual effective 2 August
Trade Secretary Alfredo Pascual has decided to quit his post to return to the private sector, Malacanan Palace announced Wednesday.
The Presidential Communications Office said...
Target 1,200-MW PH power capacity requires technology larger than micro or small nuclear reactors
The Manila Electric Co. (Meralco) recently acknowledged the inadequacy of original plans to embrace either the micro or small modular reactor (MMR/SMR) concept of power generation for the Philippines over the medium term given the need to generate 1,200 megawatts more capacity by 2032.
First-half Meralco subsidiary performance helps power 26 percent income jump to P23.12 billion
Manila Electric Co. (Meralco) on Monday reported a 26 percent jump in first-half net income to P23.12 billion from only P18.35 billion in the same period last year.
