The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
Britain's national grid has started removing components supplied by a unit of China-backed Nari Technology's from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday.
Stores Specialists, Inc., a wholly-owned subsidiary of listed SSI Group Inc., has taken a 40 percent stake in PRADA Philippines Inc., a joint venture...
The National Irrigation Administration (NIA) has accelerated the completion of big-ticket projects, starting with the P1.276-billion Balbalungao small reservoir irrigation project (SRIP) in Lupao, Nueva Ecija.
Financial technology firm Maya is considering listing its shares in both the Philippines and the United States as it looks to raise fresh capital to support expansion.
Department of Energy (DOE) Secretary Sharon Garin said she prefers private firms to take the lead in the government’s upcoming coal resource bidding, stressing that state-run companies should not compete with the private sector unless necessary.
The Manila Electric Co. (Meralco) reported a record net income of P50.57 billion in 2025, up 9 percent from P46.47 billion in 2024, driven by stronger contributions from its power distribution and generation businesses.
The Department of Energy (DOE) has reinforced its nuclear energy partnership with the Canadian province of Saskatchewan following a joint working group meeting aimed at fast-tracking clean energy cooperation.