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Philex needs $200M to immediately ramp up output at Silangan project

Philex Mining Corp. continues to look for investors that with at least $200 million to fund a significant ramp up ore production at its Silangan project in Mindanao scheduled to start producing gold and copper in the first quarter of 2025, the president of the country’s largest gold and copper producer said Tuesday.

Government backs ambitious minerals development program with puny P60-million budget

The government has an ambitious minerals exploration and development program this year and beyond but has budgeted only P60 million for its execution.

Ten-year Treasury bonds ease on strong demand at auction

The average rate on Treasury bonds due August 2033 eased at the auction Tuesday, with strong demand for the debt paper pulling down yield. 

Higher NFA palay buying price a win-win for farmers, traders

The government mandate for the National Food Authority (NFA) to increase its palay buying price may not matter much in terms of better retail price for the staple.

Card-less SIM for prepaid Globe by end-September

Globe Telecom Inc. on Monday said its prepaid e-SIM will be available by the end of the month.

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China tourism rebounds, but Philippines still lags

China’s once-dominant role in Philippine tourism is stirring back to life, but the recovery remains uneven and well below pre-pandemic highs.

Esyasoft targets growth via BCDA energy expansion

PT Esyasoft Technologies Asia is stepping up its ambitions in the Philippines, using a new partnership with the Bases Conversion and Development Authority (BCDA) as a springboard into the country’s accelerating energy transition.

Apollo Global unit secures rights to Masbate project

Apollo Global Capital Inc. said its subsidiary JDVC Resources Corp. has entered into an operating agreement with Masbate 2145 Philippines Inc., granting JDVC exclusive rights over a large mineral property in Masbate.

RCBC profit climbs on lending gains, lower costs

Rizal Commercial Banking Corp., the country’s sixth-largest lender by assets, opened 2026 with stronger earnings, posting an unaudited net profit of P2.7 billion for the first quarter, up 12 percent from a year earlier, as loan growth and lower funding costs lifted core income.

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