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.
Tala Philippines is expanding partnerships with financial institutions, payment networks and businesses to widen credit access, as the fintech company looks beyond traditional lending channels to reach borrowers underserved by banks.
Tourism groups and industry players are positioning Cebu as a gateway to multi-island travel across the Visayas, aiming to extend visitor stays and channel more tourism spending to smaller island economies.
Nearly one in five mobile broadband tests in Metro Manila failed to meet the National Telecommunications Commission’s (NTC) 50 Mbps minimum speed standard, exposing persistent network gaps despite peak download speeds exceeding 400 Mbps.
Aboitiz Economic Estates has won a sustainability leadership award from the Philippine Green Building Council (PHILGBC), underscoring how green infrastructure, reliable utilities and workforce development are becoming key factors in industrial investment decisions.