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Davao gets investment pledges worth P3B
DAVAO CITY (MindaNews / 06 March) – The Davao City Investment Promotions Center (DCIPC) has recorded investment pledges worth P3 billion from different potential investors for this year, an official said. Christian D. Cambaya, head of DCIPC’s Investor Assistance & Servicing Unit, said during “Wednesdays Media Forum at Habi at Kape” that Davao is off […].....»»
Philippines gross int l reserves rise to 104.48 bln USD in May
MANILA, June 7 (Xinhua) -- The Philippines' gross international reserves (GIR) rose to 104.48 billion U.S. dollars at the end of May from 102.65 billion dollars at the end of April, the Philippine central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of se.....»»
Philippines gross int l reserves rise to 104.48 bln USD in May
MANILA, June 7 (Xinhua) -- The Philippines' gross international reserves (GIR) rose to 104.48 billion U.S. dollars at the end of May from 102.65 billion dollars at the end of April, the Philippine central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of se.....»»
PDEA destroys P9 billion worth of drugs
The Philippine Drug Enforcement Agency said it had destroyed P9 billion worth of illegal drugs in a facility in Cavite......»»
Vista Land readies P5 billion preferred share sale
Vista Land & Lifescapes Inc., the listed property developer of the Villar Group, has added BDO Capital and Investment Corp. as one of the underwriters for the company’s P5 billion preferred shares offering this year......»»
ACEN spending P8.7 billion for Zambales solar farm
Ayala-led ACEN Corp. is injecting an additional investment of P8.7 billion into a wholly owned subsidiary for the construction of its second-biggest solar farm in Zambales......»»
P9.1 billion seized illegal drugs destroyed
Illegal drugs valued at P9.1 billion that were seized in various operations this year were destroyed yesterday......»»
Robinsons Land infusing P34 billion assets to RCR, expands tie-up with Meralco
Robinsons Land Corp. , the real estate firm of the Gokongwei family, plans to inject P33.92 billion worth of assets to its real estate investment trust unit RL Commercial REIT Inc.to diversify the latter’s portfolio......»»
House commits P10 billion in 2025 for Pambansang Pabahay
The Department of Human Settlements and Urban Development on Wednesday announced that the House of Representatives committed to allocate P10 billion as interest support to the administration’s Pambansang Pabahay para sa Pilipino Program for 2025......»»
Prime Infrastructure switches on P1 billion waste management facility in Pampanga
Razon-led Prime Infrastructure wants to continue turning trash into cash, investing over P1 billion for the development of a large-scale, automated materials recovery facility (MRF) in Porac, Pampanga......»»
Duterte authorized P47.6 billion PS-DBM fund transfer – Duque
Former president Rodrigo Duterte authorized the transfer of P47.6 billion to the Procurement Service of the Department of Budget and Management for the purchase of COVID-19 protective equipment, former health secretary Francisco Duque III said during yesterday’s hearing of the House committee on appropriations......»»
Alternergy eyes P8.3 billion to fund projects
Renewable power producer Alternergy Holdings Corp. is beefing up its war chest with planned additional project financing of P8.3 billion, set to be completed before the year ends......»»
Maynilad borrows P10 billion to fund capex
West Zone concessionaire Maynilad Water Services Inc. borrowed P10 billion from Metropolitan Bank & Trust Co. to finance this year’s capital requirements......»»
UnionBank raises P10 billion via stock rights offer
Aboitiz-led Union Bank of the Philippines has raised P10 billion through its stock rights offering amid robust participation from shareholders......»»
First Gen hikes 2024 capex to $1.27 billion
The Lopez Group’s First Gen Corp. is almost tripling its capital expenditure (capex) budget to $1.27 billion this year as it continues to beef up its renewable energy (RE) and natural gas portfolio......»»
Global Dominion financed P6.8 billion in 2023
Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers......»»
Alternergy secures P2 billion loan facility
Renewable energy firm Alternergy Holdings Corp. has secured P2 billion in green financing for the construction of its three renewable energy projects in the country......»»
‘Rice farmers to lose P33 billion from lower tariffs’
Local rice farmers stand to lose P33 billion if the tariffs on imported rice are further reduced, as this is expected to translate to lower farmgate prices, an industry group said......»»
Megawide’s PH1 investing P5.5 billion for Pasig condo
PH1 World Developers Inc., the real estate arm of engineering company Megawide Construction Corp., is expected to pour in about P5.5 billion for the initial phase of its new residential development in Pasig City......»»
BSP: Consumers may shoulder P15.7 billion power generation cost
The Bangko Sentral ng Pilipinas expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years......»»