First Gen eyes 50-MW solar facility in Batangas
LOPEZ-LED First Gen Corp. plans to build a 50-megawatt (MW) solar power facility in Batangas, according to its president. Source link
Jonathan Esmerio takes reins of Loxon group of companies
The Loxon Group of Companies would like to announce that Jonathan A. Esmerio has been elected by the Board of Directors as its new President and Chief Operating Officer. …
Big banks post double-digit growth in loans, assets in Q3
THE COMBINED ASSETS and loans of the Philippines’ biggest banks rose by double digits in the third quarter, amid increased economic activity. The latest edition of BusinessWorld’s quarterly banking …
CTA orders P109-M refund for OceanaGold
THE COURT of Tax Appeals (CTA) has partially granted a refund to OceanaGold Philippines, Inc., amounting to over P109 million, covering the four taxable quarters of 2019 and representing …
Central bank likely to continue easing despite inflation uptick, say analysts
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely continue its rate-cutting cycle despite the slight uptick in November inflation, analysts said. However, risks such as the weakening of the …
Dollar reserves slip 2% at end-Nov.
THE PHILIPPINES’ gross international reserves (GIR) dipped at the end of November as the government settled some of its foreign currency-denominated debt, data from the Bangko Sentral ng Pilipinas …
‘X’ marks new era for Volvo
UNDERSCORING the local arrival of the Volvo EX30 is the start of the Swedish car maker’s Philippine distributorship under Hariphil Asia Resources, Inc. (HARI). Source link
GOCC subsidies increase 30.4% in October
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 30.24% year on year in October, the Bureau of the Treasury (BTr) said. The Treasury said budgetary support to GOCCs …
PHL seeks $1-B World Bank loan for resilient agri
THE PHILIPPINES is seeking a $1-billion World Bank loan to boost agrifood productivity and resiliency in the face of challenges posed by climate change. The proposed Philippine Sustainable Agriculture …
‘Significant progress’ in Philippine road to nuclear energy
THE PHILIPPINES has made significant progress in its pursuit of nuclear energy, though further work is needed on its strategy, according to an assessment issued by the International Atomic …