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Meralco commits to power the P488-billion Metro Manila Subway

Transport & Logistics Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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.
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Temu joins anti-counterfeit pact to protect shoppers, sellers

Economy 0
Filipino shoppers and legitimate online sellers could gain stronger avenues to address counterfeit goods as global e-commerce platform Temu joins an industry-government pact aimed at protecting intellectual property rights in online marketplaces.

DOT, GCash expand cashless payments for tourism MSMEs

Travel & Tourism 0
Tourists visiting Philippine destinations will have more ways to pay digitally as the Department of Tourism (DOT) partners with GCash to equip accredited small businesses with cashless payment facilities, including options for transactions using supported foreign-issued cards.

Prime CoreGen audits affirm safeguards across 2,000-MW gas fleet

Energy & Mining 0
Prime CoreGen’s four gas-fired power plants in Batangas have cleared international management system audits, reinforcing operational safeguards across a combined capacity of about 2,000 megawatts that helps meet Luzon’s electricity requirements.

Ayala Land earmarks P30B for provincial housing projects in 2027

Property 0
Ayala Land Inc. (ALI) plans to invest about P30 billion in horizontal residential developments outside Metro Manila next year, betting that demand from actual homebuyers will hold up better than speculative purchases in a property market still adjusting to tougher conditions.

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