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Meralco commits to power the P488-billion Metro Manila Subway
The Department of Transportation (DOTr) and power distributor Manila Electric Co. (Meralco) on Thursday signed an agreement ensuring uninterrupted power and reliable service for the country's first underground railway, the Metro Manila Subway.
BSP confirms forecast and maintains policy settings
The policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) on Thursday decided to keep its borrowing rate unchanged at 6.50 percent, confirming market forecasts. As at result, the interest rates on overnight deposits and lending facilities were kept at 6 percent and 7 percent, respectively.
SPNEC makes it to the MSCI Small Cap Index
SP New Energy Corp. has made it to the exclusive MSCI Philippines Small Cap Index, the only addition to the closely watched stock market gauge.
Arthur Tan to step down as IMI chief executive
Ayala-led Integrated Micro-electronics Inc. is not renewing Arthur R. Tan as chief executive officer when his term expires on 25 April this year.
BTr sets coupon on new 5Y, retail bonds at 6.25%; public offer ends Feb. 23
The Bureau of the Treasury (BTr) on Tuesday set at 6.25 percent the coupon rate on the new five-year, peso-denominated, fixed-rate retail treasury bond that it will offer to the public until 23 February.
