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SMC-led consortium secures original proponent status for Agus-Pulangi Hydro rehab unsolicited bid
The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.
Manulife expands financial, health resilience programs nationwide
Manulife Philippines and Manulife Global Solutions (MGS) are expanding community initiatives focused on financial resilience, health and well-being as longer life expectancy puts greater emphasis on preparing Filipinos for healthier and more financially secure lives.
ProGRESS auto tax plan brings mixed costs
The Department of Finance’s (DOF) proposed automobile tax changes under the ProGRESS Bill could deliver sharply different impacts depending on the vehicle and taxpayer, with higher taxes concentrated on luxury cars but a much broader increase affecting motorists, transport operators and businesses.
Makati Business Club warns growth may miss targets
The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.
Agriculture damage rises to P3.62B; recovery possible for 71% of affected farmlands
Damage to the agriculture sector from heavy rains and flooding caused by the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay, and Neneng has climbed to P3.62 billion as of September 3, 12 noon, the Department of Agriculture (DA) confirmed. This is up from the P3.39 billion reported just 20 hours earlier on September 2 afternoon.
Areit names seasoned global finance executive Carballo as COO
Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., has appointed Eduardo Javier P. Carballo as chief operating officer, effective September 7. The appointment bolsters the company’s leadership and financial capabilities as it advances its expansion and portfolio growth goals.
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SMC-led consortium secures original proponent status for Agus-Pulangi Hydro rehab unsolicited bid
The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.
Manulife expands financial, health resilience programs nationwide
Manulife Philippines and Manulife Global Solutions (MGS) are expanding community initiatives focused on financial resilience, health and well-being as longer life expectancy puts greater emphasis on preparing Filipinos for healthier and more financially secure lives.
ProGRESS auto tax plan brings mixed costs
The Department of Finance’s (DOF) proposed automobile tax changes under the ProGRESS Bill could deliver sharply different impacts depending on the vehicle and taxpayer, with higher taxes concentrated on luxury cars but a much broader increase affecting motorists, transport operators and businesses.
Makati Business Club warns growth may miss targets
The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.
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SMC-led consortium secures original proponent status for Agus-Pulangi Hydro rehab unsolicited bid
The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.
Manulife expands financial, health resilience programs nationwide
Manulife Philippines and Manulife Global Solutions (MGS) are expanding community initiatives focused on financial resilience, health and well-being as longer life expectancy puts greater emphasis on preparing Filipinos for healthier and more financially secure lives.
ProGRESS auto tax plan brings mixed costs
The Department of Finance’s (DOF) proposed automobile tax changes under the ProGRESS Bill could deliver sharply different impacts depending on the vehicle and taxpayer, with higher taxes concentrated on luxury cars but a much broader increase affecting motorists, transport operators and businesses.
Makati Business Club warns growth may miss targets
The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.
Agriculture damage rises to P3.62B; recovery possible for 71% of affected farmlands
Damage to the agriculture sector from heavy rains and flooding caused by the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay, and Neneng has climbed to P3.62 billion as of September 3, 12 noon, the Department of Agriculture (DA) confirmed. This is up from the P3.39 billion reported just 20 hours earlier on September 2 afternoon.
Areit names seasoned global finance executive Carballo as COO
Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., has appointed Eduardo Javier P. Carballo as chief operating officer, effective September 7. The appointment bolsters the company’s leadership and financial capabilities as it advances its expansion and portfolio growth goals.
7-Eleven targets 5,000 stores, shrugs off discounters
Philippine Seven Corp., operator of 7-Eleven convenience stores, is pressing ahead with aggressive expansion despite the rapid growth of hard-discounters, confident that its convenience-store format remains sufficiently differentiated to withstand the new competition.
New Manila International Airport engineered for flood resilience, built to protect commuters and communities
San Miguel Aerocity Inc. (SMAI), developer of the New Manila International Airport (NMIA), on Thursday confirmed the project incorporates robust, long-term flood mitigation engineering designed to protect both the airport and surrounding towns from Bulacan’s well-documented flooding risks—while clarifying the airport is not the cause of recent floods.
McDonald’s, COREnergy expand power deal in VisMin
McDonald’s Philippines is expanding its electricity supply partnership with COREnergy to 23 more restaurants in the Visayas and Mindanao, seeking to lower power costs and make a major operating expense more predictable as it grows its nationwide network.
BPI first PH universal bank to bag dual global data security, privacy certifications
The Bank of the Philippine Islands (BPI) has become the country’s first universal bank to earn both ISO/IEC 27001:2022 (information security) and ISO/IEC 27701:2019 (data privacy) certifications, underscoring its commitment to protecting customer information amid growing digital transactions.