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.
Foreign tourist arrivals in the Philippines surpassed five million as of November 4, growing 3.74 percent from 4.82 million in the same period last year, with a sharp rebound in Chinese visitors helping offset declining arrivals from South Korea.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has emphasized how rice research and strong partnerships are helping Filipino farmers face growing climate threats, as the Philippine Rice Research Institute (PhilRice) celebrated its 41st anniversary Thursday, November 5.
Ayala Land Inc. reported double-digit declines in both its net income and revenues for the first nine months of the year, dragged down by softer sales across its residential and office development segments.
AdventEnergy, the retail electricity supply arm of Aboitiz Power Corporation, has welcomed a fresh wave of mid-sized businesses into the Retail Competition and Open Access program, following the Energy Regulatory Commission’s move to lower the eligibility threshold to 100 kilowatts last June 26, 2026.