The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific.
The government has allotted more than P151 billion to sustain the major social protection service programs of the Department of Social Welfare and Development (DSWD).
The Bangko Sentral ng Pilipinas (BSP) sees inflation remaining elevated between 7.5 and 8.3 percent this month, well above the two to four percent target, after hitting a 14-year high of 8.1 percent in December.
Electronic fund transfers via the PESONet and InstaPay nearly touched P10 trillion last year, jumping by 37.3 percent to hit P9.94 trillion from P7.24 trillion in 2021.
RL Commercial REIT Inc. (RCR), the publicly listed real estate investment trust backed by property giant Robinsons Land Corp. (RLC), is setting its sights on tripling its asset base over the next three years as part of an aggressive growth plan backed by its sponsor.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 230-kilovolt Pinili substation project, a ₱1.63-billion infrastructure initiative aimed at strengthening the country’s transmission network and supporting renewable energy (RE) integration in the Ilocos region.
Meralco affiliate Pacific Light Power Pte. Ltd. (PLP) is on track to complete its 600-megawatt (MW) natural gas-fired power plant in Jurong Island, Singapore by January 2029, signaling a major step in the company’s regional expansion.
As the nation gears up for the 2025 midterm elections, the Manila Electric Company (Meralco) announced it is on full alert to ensure uninterrupted power supply to over 3,000 polling precincts, canvassing centers, and critical election sites across its franchise area.