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BPI sets P5B fixed-rate bond offer; bond sale starts Oct 17

Banking & Insurance Context.ph Context.ph -
The Bank of the Philippine Islands intends to offer and issue P5 billion of peso fixed-rate bonds due 2025, with an option to upsize.BPI said...

First Gen securing P60B to fund geothermal activities

Energy & Mining Context.ph Context.ph -
First Gen Corp. is securing as much as P60 billion from a combination loan and internally generated funds to finance the drilling of as many as 40 wells and extract steam for its geothermal projects.

Treasury sets auction of $200M 5.5-year retail dollar bond Wed

Banking & Insurance Context.ph Context.ph -
The Bureau of Treasury will start on Wednesday a one-week offer of US dollar bonds to retail investors to raise around $200 million from 5.5-year US dollar bonds for budget support.

BSP rules out any more deposit reserve cut for thrift banks

Banking & Insurance Context.ph Context.ph -
The Bangko Sentral ng Pilipinas ruled out any more reduction in the deposit reserve requirement of thrift banks, saying that at 2 percent, the mandatory reserves are already low.

NAIA climbs 14 steps higher in latest OAG rankings

Transport & Logistics Context.ph Context.ph -
The Ninoy Aquino International Airport (NAIA), in the hierarchy of the world’s internationally connected airports, rose 14 notches in 2023 compared to the 2019 rankings.
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Water firm rolls out summer plan amid extreme heat warnings

Environment 0
Manila Water Philippine Ventures (MWPV), the Non-East Zone unit of Manila Water Company, has started its summer preparedness plan as the country faces possible extreme heat in the coming months.

Insurer expands portfolio options with globally diversified income fund

Banking & Insurance 0
Pru Life UK has launched a new globally diversified investment fund, underscoring what it calls a major shift in how investors must approach wealth building in today’s uncertain financial environment.

Philippines drops RACE, pivots to EV incentives 

Trade & Investments 0
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.

Negros Power pours P1.3B into grid upgrades; cuts outages and expands rural electrification

Energy & Mining 0
Negros Electric and Power Corporation (Negros Power) is seeking to accelerate its grid modernization by allocating P1.3 billion to upgrade infrastructure, expand electricity access and improve service reliability across the province. 

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