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Turkey’s Limak Group joins bid to win NAIA rehab program

The Department of Transportation (DOTr) on Monday said a Turkish conglomerate has bought bid documents to rehabilitate, optimize and maintain the Ninoy Aquino International Airport, bringing to eight the number of prospective bidders for the project. 

Diokno to vote to hold rate in next MB meeting

Finance Secretary Benjamin Dioko said on Monday he will vote to keep interest rates steady when the central bank meets to review policy on 16 November.

CalPERS to double climate investments, consider asset sales

California's top public pension system on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition.

Lithium producers stay bullish on EVs despite growing headwinds

The world's largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.

Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.

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Aboitiz-Delgado becomes first woman president of Bankers Association of the Philippines

Ana Maria Aboitiz-Delgado, president and CEO of Union Bank of the Philippines, has been elected president of the Bankers Association of the Philippines (BAP), becoming the first woman to lead the group in nearly 80 years.

Philippines weighs looser fuel rules

Facing volatile oil prices and rising energy security risks, the Philippine government is considering a temporary loosening of fuel standards to widen supply sources and ease costs.

Oil surge rattles peso, tests policy

The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

Maharlika Fund eyes Iligan steel revival

The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.

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