The National Treasury awarded in full the P10 billion it offered at the auction Tuesday, an amount lower than the usual size after the government issued tokenized treasury bills and disclosed plans to raise USD1 billion from the offer of Sukuk bonds.
Power industry leaders have warned of inadequate power supply next year, saying there is barely enough for the country' requirements given no new power plants coming online anytime soon.
The Philippines, one of Asia's most active sovereign debt issuers, has launched its maiden sukuk bonds issue, according to a government announcement on Monday, mandating banks involved to arrange the sale.
The Department of Transportation on Friday said the North-South Commuter Railway (NSCR) and South Long Haul (SLH) rail are game-changing projects seen reviving the country's rail industry.
The Cybercrime Investigation and Coordinating Center on Thursday warned the public to be extra careful when doing their Christmas shopping online, with the scam rate done through the Internet the highest in the Philippines among 11 Asian countries.
SM Investments Corp. underscored its commitment to practical and scalable sustainability efforts during The Dirty Work of Doing Good, a conference hosted by the French Chamber of Commerce and Industry in the Philippines.
The High Court of South Africa has dismissed a legal challenge by APM Terminals BV (APM), affirming the awarding of a 25-year contract to International Container Terminal Services, Inc. (ICTSI) for the development and operation of Durban Container Terminal 2 (DCT2).
Malayan Insurance Co. has credited its strong affiliation with the Yuchengco Group of Companies (YGC), advanced analytics, and robust underwriting practices for its continued top-tier performance the past two years.
Acting Transportation Secretary Giovanni Lopez has ordered the revocation of all protocol license plates issued to officials of the Department of Transportation (DOTr) and its attached agencies, in compliance with President Ferdinand Marcos Jr.'s directive to curb misuse of special government plates.