Tag: President Marcos

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President Marcos initiates Cabinet revamp

President Ferdinand Marcos Jr. has requested the courtesy resignation of all Cabinet members following the midterm election setback.

President Marcos leads launch of $350M VITRO data center

President Ferdinand Marcos Jr. on Wednesday led the inauguration of VITRO Sta. Rosa, the Philippines’ largest and first hyperscale data center—an advanced facility poised to accelerate artificial intelligence (AI) adoption and drive economic activity and investment.

President Marcos extends Meralco franchise through 2050

President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.

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Peso holds ground while politics tests market confidence 

The peso appears to have found its footing, but investors know that calm currencies do not always guarantee calm markets.

Bistro Group cooks up P1B growth with confidence 

The Bistro Group, following its acquisition by Bounty Fresh Group Holdings affiliate Inoza Business Holdings Inc., is convinced that Filipinos still have a healthy appetite for dining out, and is investing nearly P1 billion to make sure there are more tables waiting.

Mixed fuel price adjustments to continue this week

Fuel prices will likely see mixed movements this week, according to Leo Bellas, president of Jetti Petroleum.

PSE elects new directors; Pardo and Monzon retain top lead roles

The Philippine Stock Exchange (PSE) has appointed three new members to its board of directors during its recent annual stockholders’ meeting, while keeping top officials in their posts.

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