Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
Amplefield Malvar Inc., a unit of Singapore-listed Amplefield Ltd., is committing P930 million to develop 13 PEZA-ready warehouse buildings at the LIMA Technology Center in Batangas, reinforcing Southern Luzon’s appeal as a manufacturing and logistics hub.
US-based defense supply chain firm Anglicotech LLC has reaffirmed its investment commitment in the Aurora Pacific Economic Zone and Freeport Authority (APECO), signaling sustained confidence in the Philippines as a hub for defense, security, and logistics services.
Support for reforms initiated by the Department of Finance at the Bureau of Internal Revenue is gaining momentum, with leading business groups hailing the measures as a confidence boost for investors and a reset for tax administration.
Vista Land and Lifescapes Inc. said it has secured a five-year corporate note franchise for P13.61 billion to refinance its debts and fund general corporate needs.