Metro Pacific Investments Corp. (MPIC) has decided against resubmitting its unsolicited bid to rehabilitate, operate, and maintain the MRT3 system, citing the lack of government support for fare increases. MPIC chairman Manuel V. Pangilinan explained the absence of approved tariffs makes it unlikely for the business to move forward with the proposal, saying the current situation is “difficult.”
The Bangko Sentral ng Pilipinas (BSP) is set to release a new book next year titled “Risk and Resilience in the Philippine Financial System: How Much Has Changed?” The volume examines the major financial crises that have shaped the country’s financial system, the policy responses that followed, and the lessons these events left behind.
Manila Water Foundation (MWF), together with Cebu Water, Tagum Water, and local water districts, has strengthened its water, sanitation, hygiene (WASH), and sustainability programs in Cebu Province and Davao del Norte.
The Social Security System (SSS) and Manulife Philippines have expanded their partnership to offer broader group credit life insurance for pensioners who take out loans under the SSS Pension Loan Program.
NLEX Corporation has completed several asset enhancement and preventive maintenance projects on the Subic–Clark–Tarlac Expressway (SCTEX) to improve safety and provide smoother travel for motorists.