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Petron earmarks P11b to finance ongoing projects

Petron Corp., the country’s largest oil company, is looking at capital expenditures of P11.048 billion this year to fund ongoing projects......»»

Category: financeSource: thestandard thestandardApr 19th, 2021

Robinsons Bank allots P1 billion for capex

Robinsons Bank Corp. has earmarked close to P1 billion for its capital expenditures this year, particularly to finance information technology-related projects amid the shift in consumer behavior due to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2021

SMC Global eyes P125B capital expenditures

SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp., is looking at 2021 capital expenditure budget of almost P125 billion to finance expansion and acquisition of projects......»»

Category: financeSource:  thestandardRelated NewsMay 10th, 2021

ADB, South Korea to co-finance $700 million for climate projects

Manila-based Asian Development Bank and South Korea are co-financing $700 million worth of projects in the region over the next three years......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2021

World Bank to fund $1.8 billion Philippines projects

The World Bank is expected to approve $1.84 billion in loans to finance nine projects in agriculture, education, tourism and flood mitigation in the Philippines......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2021

Filinvest earmarks P21 billion for 2021 capex

Gotianun-led Filinvest Development Corp. allocated P21.2 billion for its 2021 capital expenditure as it ventures into new banking and real estate projects......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2021

Multiplier effect from infra? Lockdowns delayed them, says ADB

Any economic benefits from ongoing infrastructure projects will definitely be felt by Filipinos, but not anytime soon......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2021

Seven European countries will stop financing hydrocarbons abroad

Seven European countries, among them Germany, France, the United Kingdom, and Spain, over there Commitment to stop providing public aid To finance fossil fuel projects.....»»

Category: newsSource:  thedailyguardianRelated NewsApr 19th, 2021

Gov& rsquo;t bares plan to shut old Mindanao coal power plants

The government plans to acquire coal-fired power plants in Mindanao, especially the older power projects, with the aim of shutting them down once the Agus-Pulangi hydro power plants run at higher capacity, to increase renewable energy usage in the region, Finance Secretary Carlos Dominguez III said Thursday......»»

Category: financeSource:  thestandardRelated NewsApr 15th, 2021

Now Corp. to raise fresh capital

NOW Corp. is looking to raise fresh funds this year to strengthen and broaden its capital base and finance its expansion projects......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2021

DOF s response to a Philstar.com article on China projects

The following letter by Finance Secretary Carlos Dominguez is in response to a Philstar.com article "China projects in Philippines found riddled with secretive conditions.".....»»

Category: newsSource:  philstarRelated NewsApr 2nd, 2021

Gov’t keeps 40% transport limit

Ongoing works for various infrastructure projects will continue The post Gov’t keeps 40% transport limit appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 23rd, 2021

Differentiation

Green or environmental finance refers to funding commercial and developmental projects that adhere to low carbon environment principles The post Differentiation appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 16th, 2021

BSP leads in mobilizing funds for green projects

The Bangko Sentral ng Pilipinas is collaborating with the Department of Finance and other key government agencies to facilitate the mobilization of funds toward green and sustainable projects......»»

Category: financeSource:  philstarRelated NewsMar 10th, 2021

DTI Projects E-Commerce to Hold 5.5% of GDP in 2022

The e-commerce industry is projected to contribute P1.2 trillion or 5.5% of the gross domestic product (GDP) share in 2022, according to the Department of Trade and Industry (DTI). In 2020, the e-commerce industry contributed 3.4 percent of GDP or P599 billion. DTI Secretary Ramon Lopez said that the ongoing pandemic helped in boosting the […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2021

Ayala to invest P5 billion for malls, offices and properties

Ayala Land Inc., the Ayala Group’s listed property giant, is investing P5.1 billion in new malls, offices and properties that form part of its portfolio of ongoing and future real estate projects in Metro Manila......»»

Category: financeSource:  philstarRelated NewsJan 19th, 2021

PH gets P3.72-B grant, 500K vaccine doses from China

China on Saturday provided a 500-million renminbi (P3.72-billion) grant to the Philippines to bankroll various livelihood and infrastructure projects, which might also be used to finance the Duterte administration’s COVID-19 response, and promised to donate 500,000 doses of a coronavirus vaccine. China’s Foreign Minister Wang Yi announced the vaccine donation during a 40-minute meeting with […] The post PH gets P3.72-B grant, 500K vaccine doses from China appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2021

NGCP seeks government support for critical power projects

The National Grid Corp. of the Philippines is seeking government support as its ongoing critical transmission projects may face further delays due to new travel ban imposed by the government......»»

Category: financeSource:  philstarRelated NewsJan 1st, 2021

Bong Go eyes Bayanihan 3

With the ongoing pandemic and the emergence of a new coronavirus strain in other countries, Sen. Bong Go said legislators and finance managers are studying the possibility of passing another measure to strengthen the country’s response and recovery efforts......»»

Category: newsSource:  philstarRelated NewsDec 29th, 2020

Banks urged to stop financing coal projects

Philippine banks are urged to phase out coal lending entirely as a report showed 15 local banks released over $13 billion to finance coal projects in the past decade......»»

Category: financeSource:  philstarRelated NewsDec 21st, 2020

AC Energy to raise P11b for renewables

The board of AC Energy Philippines Inc. approved on Thursday the financing of nearly P11 billion for solar and wind projects in Luzon......»»

Category: financeSource:  thestandardRelated NewsDec 18th, 2020