The various banks extended loans 7.4 percent higher in November last year aggregating P11.1 trillion, the Bangko Sentral ng Pilipinas (BSP) said, citing preliminary data.
The Department of Energy (DOE) on Sunday committed to address bidder issues citing the lack of time for proponents to submit competent bids as micro-grid service providers under the competitive selection process (MGSP-CSP) program.
DITO Telecommunity Corp., having ramped up an aggressive nationwide network rollout last year, has scaled back its capital expenditures (capex) this year.
The World Bank projects local output growth in the Philippines accelerating by 5.8 percent this year and next, up from an estimated growth of 5.6 percent in 2023.
The Securities and Exchange Commission has revoked the corporate registration of Infinity8Networks Digital Services OPC plus a fine of P1 million for illegally soliciting investments.
The Private Sector Advisory Council is raising a clear warning. In a recent meeting with the Department of Trade and Industry, PSAC said the Philippine startup scene is slipping behind Southeast Asian peers, not for lack of ideas but for lack of capital that actually moves.
The Bases Conversion and Development Authority (BCDA) is evaluating the possible renewal of Ayala Land’s lease over Market!Market! ahead of its 2027 expiration, as plans for a large-scale, transit-oriented development (TOD) in Bonifacio Global City (BGC) gain momentum alongside the Metro Manila Subway Project.
Wilmar Edible Oils Philippines Inc. has taken a major step toward cutting its carbon emissions by shifting to geothermal energy for its operations, marking a key milestone in its decarbonization efforts.