Friday, 20 June 2025, 8:58 am

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    “Grab has many enemies but that’s ok”

    Grab Philippines on Tuesday acknowledged the resentment some hold against its bid to secure regulatory approval for its own motorcycle taxi service that at the moment seems impossibly out of reach. It does not lose hope, however, that the coveted accreditation is eventually dispensed in its favor.

    BTr raises P584.86B from retail treasury bond offer

    The Bureau of the Treasury (BTr) said Monday its raised a record P584.86 billion through the public offer of retail treasury bond (RTB), securing a large amount of funds the government needs to bridge the budget deficit gap.

    Incremental El Niño damage moves past P300M but feared ultimately costing the economy billions

    Damage to the agriculture sector attributed to the ongoing El Niño episode has climbed to P357.38 million, incrementally higher than only P109.44 million when last reported, latest data reported by the Department of Agriculture’s (DA) Disaster Risk Reduction and Management Operations Center show.

    SM Group looks to regions, local brands to drive future growth

    SM Investments Corp. is looking beyond key cities and widely-known brands, and training the spotlight on local favorites and experiences to help drive SM Group’s future growth.

    DOTr seeks competing proponents in Swiss challenge to Laguindingan Airport

    The Department of Transportation (DOTr) is inviting local and international companies to challenge the unsolicited proposal of Aboitiz InfraCapital, Inc. to upgrade, expand, operate and maintain the Laguindingan International Airport. 

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    Citicore Renewable, Pertamina NRE seal USD120M energy deal

    Citicore Renewable Energy Corp., a leading Philippine renewable energy developer, and Indonesia’s Pertamina New & Renewable Energy, have completed a share subscription agreement, a significant step in regional clean energy cooperation.

    BOP swings to deficit of $298M in May, reversing year-ago surplus

    The country's balance of payments (BOP) stood as a deficit of US$298 million in May, reversing the US$2 billion surplus recorded in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).

    DAR appeals ₱28-B Hacienda Luisita payout order

    The Land Bank of the Philippines on Thursday said the Department of Agrarian Reform (DAR) had asked the Court of Appeals in May to reconsider its order requiring the government to pay just compensation of ₱28.48 billion to Hacienda Luisita Inc. (HLI). The order arose from a Supreme Court ruling mandating the distribution of 4,500 hectares of land under the Comprehensive Agrarian Reform Program (CARP).

    Maynilad welcomes 10-year RCA extension

    Maynilad Water Services Inc. on Thursday lauded the Economic Development Council’s (ED Council) approval of a 10-year extension of the Revised Concession Agreement (RCA) with Metro Manila’s water concessionaires, allowing the company to operate until January 2047.

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