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Aboitiz Power eyes expanding renewables portfolio with P50B capex for 2024

Aboitiz Power Corp. has set aside as much as P50 billion for next year as capital expenditures.

Metrobank market maker three years in series

Metropolitan Bank & Trust Co. (Metrobank) is recognized by the Bureau of the Treasury (BTr) as Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024 during the celebration of its 126th anniversary. The bank snags the title for the third consecutive time and for helping government in its financing requirements and enhancing Filipinos’ access to investment opportunities.

Agri chief says actions taken to assure supply, affordable prices of rice, sugar, onions

Agriculture Secretary Francisco Tiu Laurel, Jr. assured lawmakers that his agency is closely watching the market and is taking steps to assure sufficient supply of food items at affordable prices, particularly rice, sugar, and onions.

Shell Pilipinas all revved up for EV charging opportunities

Shell Pilipinas Corp. has secured stockholder approval to engage in the business of electric vehicle (EV) charging.

AREIT to acquire 276-hectare Zambales property via share-for-asset swap

AREIT Inc., the listed real estate arm of the Ayala Group, said Wednesday it will acquire a 276-hectare property in Zambales from Buendia Christiana Holdings Corp., a wholly owned subsidiary of ACEN Corp., via property-for-share swap valued at P6.77 billion.

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Malacanang orders surprise halt on transport fare hikes

The Department of Transportation (DOTr) has suspended the planned fare increases for public utility vehicles (PUVs) following a directive from President Ferdinand Marcos Jr., as global oil prices continue to rise due to tensions in the Middle East.

Luzon barangays can win P50,000 for Flores de Mayo via Lalamove

Luzon communities preparing for the annual Flores de Mayo festival now have a chance to receive support from Lalamove through its new initiative, Flores de LALA. The program highlights the effort behind the celebrations, from planning and decorations to organizing processions and church activities.

PSE says Maya’s U.S. listing could be “very difficult”

The Philippine Stock Exchange (PSE) says it could prove challenging for fintech firm Maya Philippines Inc. to list first in the United States before going public locally. PSE president and CEO Ramon S. Monzon warned that Maya could become an “orphan” stock—ignored by major U.S. investors and analysts—after a U.S. listing.

Rockwell raises P10B in bond market comeback 

Rockwell Land Corporation has returned to the debt market with a P10 billion bond issuance—its first since 2013—drawing strong demand and signaling renewed investor confidence in the premium developer.

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