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.
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.
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.
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.
Agriculture Secretary Francisco P. Tiu Laurel Jr. on Monday expressed strong support for the proposed P2-billion Abra de Ilog Deep Water Port, saying it could lower food prices by reducing transport costs and easing farm-to-market bottlenecks.
The Government Service Insurance System (GSIS) has released ₱81.34 million in fire insurance claims to the City Government of Manila for losses caused by the Pritil Market fire in Tondo.