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    Ph foreign debt remains prudent

    Top News Context.ph Context.ph -
    The country's foreign currency denominated debt total USD125.4 billion as at end-December 2023, higher by USD6.6 billion or 5.5 percent more than three months earlier.

    Philippines gets $5-B investment pledges from German, US companies

    Top News Context.ph Context.ph -
    The Philippines secured about $5 billion worth of investment pledges from German and American firms this week in sectors such as healthcare and energy, potentially big wins for the country as it competes with others in the region for foreign capital.

    Trade deficit narrows in January to USD4.22 billion as exports rise

    Banking & Insurance Context.ph Context.ph -
    The country's trade deficit in January narrowed to USD4.22 billion from USD5.56 billion in the year-earlier period, helped by the increase in exports and the decline in imports.

    Domestic air travel finds its wings again

    Top News Context.ph Context.ph -
    The Philippine air travel industry soared in 2023, with passenger numbers returning to pre-pandemic levels, according to the Civil Aeronautics Board (CAB).

    Second failed bidding permits negotiated Meralco purchase of 260-MW for peaking purposes

    Energy Context.ph Context.ph -
    The Manila Electric Co. (Meralco) has declared the second attempt at bidding its 260-megawatt requirement for peaking purposes in the hot months ahead a failure.
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    Vivant commits P46B to reach 30% RE goal by 2030

    Energy 0
    Vivant Corp. has committed up to P46 billion in capital expenditures through 2030 to achieve its goal of having 30 percent of its portfolio sourced from renewable energy (RE), CEO Arlo Sarmiento said at the company’s annual stockholders meeting.

    Ayala lists ₱20B preferred shares on PSE

    Corporate 0
    Ayala Corp. (PSE: AC) successfully listed ₱20 billion worth of Preferred Class “B” shares on the Philippine Stock Exchange (PSE), marking a significant move in its capital-raising strategy and reinforcing investor confidence in both the conglomerate and the domestic capital markets.

    RSSI infestation in Visayas sugarcane farms widens

    Agriculture 0
    The Sugar Regulatory Administration (SRA) on Thursday reported that the red-striped soft scale insect (RSSI) infestation in Visayan sugarcane fields has expandedw to 1,505 hectares, an 11.5 percent increase from 1,350 hectares five days prior. The pest, primarily affecting Negros Occidental, Iloilo, Capiz, and Negros Oriental, is known to slash sugar content by up to 50 percent.

    Aboitiz takes over MCIA IFM

    Transport & Communications 0
    Aboitiz Construction has formally launched its Integrated Facilities Management (IFM) services at the Mactan-Cebu International Airport (MCIA), in a landmark partnership with Aboitiz InfraCapital Cebu Airport Corporation (ACAC), operator of the country’s second busiest airport.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    ERC cites market, peso strength in power rate cuts

    0
    The Energy Regulatory Commission (ERC) on Thursday reported a decline in average power generation rates across 15 of 17 regions in May this year, citing favorable conditions at the Wholesale Electricity Spot Market (WESM), a drop in imported coal prices, and a stronger peso.
    Energy

    Vivant commits P46B to reach 30% RE goal by 2030

    0
    Vivant Corp. has committed up to P46 billion in capital expenditures through 2030 to achieve its goal of having 30 percent of its portfolio sourced from renewable energy (RE), CEO Arlo Sarmiento said at the company’s annual stockholders meeting.
    Corporate

    Ayala lists ₱20B preferred shares on PSE

    0
    Ayala Corp. (PSE: AC) successfully listed ₱20 billion worth of Preferred Class “B” shares on the Philippine Stock Exchange (PSE), marking a significant move in its capital-raising strategy and reinforcing investor confidence in both the conglomerate and the domestic capital markets.
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