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.
The Philippine Economic Zone Authority (PEZA) has surpassed its 2025 investment target, approving P260.89 billion worth of projects and beating its P250-billion goal, while posting a 21.91 percent increase from the P214 billion recorded in 2024.p
The Department of Transportation (DOTr) said Wednesday that strong interest from San Miguel Corp. and major local and international firms in the North-South Commuter Railway (NSCR) operations and maintenance (O&M) contract is “very encouraging.”
Agriculture Secretary Francisco P. Tiu Laurel Jr. has ordered a comprehensive review of an ambitious goat breeding program launched under the Duterte administration but left chronically underfunded, after state auditors flagged widespread animal deaths linked to poor care.
Dyna Drug Corp. has partnered with First Gen Corp. to run its warehouse operations on renewable energy, marking a shift toward more sustainable business practices.