The Clark Development Corp. (CDC) expects to surpass its P12.35-billion investment target for 2026, buoyed by strong early commitments and sustained investor interest, a senior official said.
The Governance Commission for GOCCs or GCG said on Wednesday it is working to resolve issues raised under the Compensation and Position Classification System for those working in government-owned and controlled corporations, particularly concerns underscored by Clark Development Corp.
Interior and Local Government Secretary Jonvic Remulla has called on Congress to amend, if not repeal, the “Robin Padilla law” because the actor-turned-senator benefited from its passage, and to restore illegal possession of firearms as a non-bailable offense following the fatal Zamboanga school shooting on Aug. 18. Remulla said the law, which made illegal gun possession bailable, should have stricter penalties, including for those negligent gun owners. The shooting was the Philippines’ second fatal school attack in less than two months and was livestreamed. With about 2.7 million registered firearms nationwide, including roughly 2 million privately owned, Remulla said tighter controls are needed to keep illegal guns from fueling violence.
Two years into the CENECO-Primelectric partnership, Negros Power has poured more than P1.2 billion into a P2.1-billion modernization program, putting to work a model that combines the local knowledge of an electric cooperative with the capital and management capabilities of a private-sector company.
Filipino canned sardines brand Mega Sardines has secured a major foothold in the US mainstream grocery market, entering at least 2,750 stores of supermarket giant Kroger as Mega Global Corp. accelerates its international expansion.
Media conglomerate ABS-CBN Corp. is executing a fundamental corporate restructuring aimed at long-term financial viability, driven by aggressive cost reductions, strategic debt management, and a modernized content distribution model.