The Philippine Competition Commission (PCC) has cleared the proposed sale by the Power Sector Assets and Liabilities Management (PSALM) Corporation of the Caliraya, Botocan, and Kalayaan pumped storage power plants to Cleanergy 9 Power Inc., an Aboitiz Group unit—subject to binding safeguards to protect competition in the Luzon power market.
Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.
The Philippine auto industry is entering 2026 with guarded expectations as lingering aftershocks from a turbulent second half of 2025 weigh on recovery prospects.
The intelligence division of the Bureau of Customs (BOC) has implemented a minor reshuffle following corruption allegations involving one of its officers.
A private sector-led push to review the nearly two-decade-old Japan-Philippines Economic Partnership Agreement (JPEPA) is gaining momentum, as business leaders argue that evolving regional dynamics demand a refreshed approach to Philippine-Japan trade ties.