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    New IFC regional chief calls for greater private investments in Asia-Pacific

    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. 
    00:00:57

    Gov’t earmarks P151B for social protection programs

    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).

    Bank lending expansion slows to 13.4% in December as high rates bite

    The growth in loans disbursed by big banks slowed to 13.4 percent in December from the revised 13.9 percent in November amid the series...
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    BSP forecasts inflation settling within 7.5-8.3% in January

    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 stood a shade under P10 trillion in 2022

    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.

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    RCR eyes triple asset growth in 3 years

    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.

    ERC greenlights NGCP’s ₱1.63B Ilocos substation project

    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 nears completion milestones of energy projects in Singapore, PH

    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.

    Meralco on full alert for midterm elections, ensures power stability for voting public

    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.

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