The Philippine Competition Commission (PCC) has signed a memorandum of agreement (MoA) with the National Telecommunications Commission (NTC), formalizing an interagency partnership aimed at enhancing competition and regulatory coordination within the country’s data transmission industry.
The Ombudsman has lifted the preventive suspension of Arnulfo Veloso, president and general manager of the Government Service Insurance System (GSIS), which was imposed following an anonymous complaint alleging grave misconduct and gross neglect of duty over a P1.45 billion investment in perpetual preferred shares of Alternery Holdings Corp.
Ayala Healthcare Holdings Inc. (AC Health) announced on Friday it is acquiring a 60 percent majority stake in Cebu Velez General Hospital (CVGH), a 200-bed Level 3 hospital in Cebu City, through its Healthway Medical Network.
The Bank of the Philippine Islands (BPI) has signed a ₱7.4 billion project finance deal with AP Renewable Energy Corp., a subsidiary of Aboitiz Renewables, Inc., to fund a 221-MWp solar power plant in Olongapo, Zambales.