Korean and Philippine state agencies and corporations recently started construction on a new rice seed processing facility and warehouse with cold storage, marking a significant step in strengthening bilateral ties.
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
Close to a hundred power generation projects generating 25,511.066 megawatts (MW) have been cleared for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP), according to the Department of Energy (DOE).
The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.
The Fiscal Incentives Review Board (FIRB), chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax subsidies for government institutions for fiscal years 2024 and 2025. The move aims to enhance public service delivery by allowing agencies to redirect resources from tax obligations to operational efficiency.
Hotel101 Global, a subsidiary of DoubleDragon Corporation, has secured a 10-year partnership with MATCH Hospitality, naming Hotel101 Madrid as the official hotel accommodation partner for the Formula 1 Spanish Grand Prix in Madrid from 2026 to 2035.
The government, in partnership with the International Rice Research Institute (IRRI) and allied organizations, has launched a pilot project for satellite-based crop insurance and agro-advisory services aimed at strengthening climate resilience in the agriculture sector.
EastWest Bank has convened a high-level forum focused on family enterprise strategy and succession planning. The event gathered clients from EastWest’s priority, retail, and corporate banking segments, offering a structured platform to address leadership transitions and intergenerational governance.