Alliance Global Group Inc., the holding firm of tycoon Dr. Andrew L. Tan, is ramping up its capital spending this year to a record P59 billion, reaffirming its long-term growth strategy across key sectors including real estate, leisure, tourism, and consumer goods.
Property giant Megaworld Corp. is setting the stage for significant growth in the office sector by committing P30 billion over the next five years to develop new office buildings and revitalize existing properties.
Globe Telecom has secured a P5-billion term loan facility from BDO Unibank, providing additional financial flexibility to support network investments, refinance existing obligations, and meet general corporate funding requirements as demand for digital services continues to rise.
Freelancing has become an increasingly popular career choice in the Philippines, with the sector recording a 208 percent growth in revenue between 2019 and 2020 – the highest rate across Asia.
The Bank of the Philippine Islands (BPI), through its foundation arm, is advancing financial inclusion by rolling out financial education initiatives in communities near ACEN’s renewable energy project sites. The partnership covers areas in Quezon, Laguna, and Zambales provinces, targeting around 3,000 direct beneficiaries.
The Manila Electric Company (Meralco) has kicked off the Competitive Selection Process (CSP) to secure 600 megawatts (MW) of baseload capacity, aiming to guarantee sufficient and reliable power supply for its customers. The move follows the Department of Energy’s (DOE) issuance of a Certificate of Conformity after more than a year of review, and forms part of Meralco’s latest DOE-approved Power Supply Procurement Plan.