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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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Aznar Shipping files IPO to fund expansion

Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.

President Marcos secures $75M India pledges targeting rural health, digital rails

President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.

DOTr rolls out monthly financial aid to PUV operators

Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.

New 8-car EMU trainset delivered for North-South Commuter Railway

The Department of Transportation (DOTr) announced the arrival of a new eight-car electric multiple unit (EMU) trainset built for the Malolos-Tutuban segment of the North-South Commuter Railway (NSCR). This marks the fourth trainset secured for the project.

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