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    Fewer long-duration foreign funds made Phl home in first two months

    Long-duration foreign funds more known as foreign direct investments (FDI) poured inward in February totaling $1 billion or 13 percent more than only $926...

    Moody’s unit forecasts sharply lower growth in 1Q

    Moody’s Analytics, the data-crunching unit of sovereign credit watcher Moody’s Investors Service, on Monday projected sharply lower economic output from the Philippines in the...

    Economy creates more jobs, cuts unemployment rate to 4.7%

    Unemployment rate eased further in March, underscoring a steady recovery of the economy from the adverse effects of the Covid-19 pandemic, with a net...

    Converge’s Dennis Anthony Uy Plans $1 Billion “Silicon Valley” Project In Pampanga

    Dennis Anthony Uy, co-founder of publicly listed Converge ICT, will build in Pampanga his version of Silicon Valley— a billion-dollar venture meant to provide...

    Manila floats $2-B ADB loan for public works projects

    The Department of Public Works and Highways (DPWH) is seeking a $2 billion loan from the Asian Development Bank (ADB) to build the first...

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    MPTC faces gigantic debt load, eyes private placements to stay on track

    Metro Pacific Tollways Corp. (MPTC), operator of major expressways in the Philippines, Indonesia and Vietnam, is confronting what its leadership calls a “gigantic debt burden” as it looks to raise fresh funds to pay down what could reach up to ₱200 billion in obligations.

    LRT-1 operator hopes to convince MVP not to sell stake amid financial strain

    The Light Rail Manila Corp. (LRMC), the private operator of LRT-1, says it will try to dissuade its chairman, Manuel V. Pangilinan (MVP), from selling the company’s stake after the government rejected its request for a fare increase.

    Fil-Swiss JV wins incentives for Quezon, Bohol wind projects

    Filipino-Swiss developer Triconti Windkraft Group has secured spots in the Department of Energy’s fourth Green Energy Auction (GEA4) for two new wind projects in Atimonan, Quezon and Anda, Bohol.

    DOE backs major renewable energy plans in Agusan del Norte

    The Department of Energy (DOE) is supporting several key energy initiatives in Agusan del Norte as the province seeks greater energy self-sufficiency. Already achieving 100 percent household electrification, the province plans to install solar rooftop systems on government buildings, hospitals, and key facilities.

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