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    Bank loans accelerate 7 percent in November

    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.

    DOE commits to better bid conditions in succeeding MGSP-CSP exercises

    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 looks to gain market share even as it tempers 2024 capex program

    DITO Telecommunity Corp., having ramped up an aggressive nationwide network rollout last year, has scaled back its capital expenditures (capex) this year.

    World Bank sees faster PH growth 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. 

    SEC shuts down corporation selling financial, health benefits from mushrooms

    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.

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    Obiena completes Asian set, gold secured in vault

    Ernest John “EJ” Obiena has finally done it all—indoors, outdoors, and now, undeniably, completely.

    PSAC urges stronger funding for Philippines startups 

    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.

    BCDA weighs new Market!Market! lease amid transit-oriented development 

    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 Philippines switches to geothermal power in major decarbonization move

    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.

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