The country’s international investment position (IIP) showed a net liability position of $48.5 billion as at end-June this year, slightly higher by 2.5 percent than only $47.4 billion as at end-March, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
The Philippine government plans to raise a total P150 billion from the domestic capital market through the weekly auction of treasury bills and bonds in October.
Bloomberry Resorts Corp. said Friday its board approved a two-step capital-raising plan that would generate P5.59 billion for the listed resort and casino operations business of tycoon Enrique Razon.
Fernando Zobel de Ayala was elected Thursday as board director of Ayala Corp. and completed his return to the conglomerate following a medical leave last year.
Vivant Corp. said Thursday one of its indirect renewable energy retail subsidiaries has signed a 20-year deal to buy electricity from Samal Solar Renewable Energy Corp., a company building a solar farm with a total capacity of 52 megaWatts-direct current.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has opened competitive bidding for a ready-for-fit-out (RFFO) commercial building, signaling a push to tighten its investor-readiness playbook and accelerate enterprise entry into the ecozone.
The Philippine Competition Commission (PCC) has flagged low public awareness and massive unused system capacity as key constraints limiting the competitive impact of the country’s Mobile Number Portability (MNP) law, despite early signs that it nudged telecommunications firms to sharpen their game.
SM Prime Holdings is making a bold play to turn the Visayas into the country’s next marquee events corridor, banking on the SM Seaside Cebu Arena to draw global acts, foreign fans and fresh investment outside Metro Manila.
Mitsubishi Motors Philippines Corporation (MMPC) has marked a major manufacturing milestone with the rollout of its 900,000th Mitsubishi L300, underscoring more than four decades of local vehicle assembly and steady production growth.