THE Asian Development Bank (ADB) and Philippine National Bank (PNB) have signed a $36-million financing deal with Buskowitz Energy, Inc. to fund solar rooftop projects in the country. The projects will generate 88 gigawatts of clean energy annually and reduce about 54,000 tons of carbon dioxide equivalent emissions per year, […]

PHINMA Corp. has allocated a capital expenditure (capex) budget of P4.5 billion for this year, with the majority allocated to its education business. “About P1.75 billion is for project development and land acquisition, and the remaining P500 million will be divided among the construction materials group, parent company, and hospitality,” […]

RATINGS of banks in the Asia-Pacific region are seen to remain stable this year despite elevated interest rates and other external headwinds, S&P Global Ratings said. “Asia-Pacific banks are managing property-sector risks and the vast majority have stable ratings outlooks,” S&P said in a report on Tuesday. “Bank rating stability […]

By Mark Gongloff IMAGINE you were running for king of the world on a platform of slashing economic growth by 20% forever. You’d be lucky to get your own family to vote for you. And yet humanity insists on running the global economy on fossil fuels that are doing exactly […]

Here’s a quick glance at how PSEi stocks fared on Tuesday, April 23, 2024.

Please be notified that the Annual Meeting of the Stockholders of GMA Network, Inc. (the “Company”) will be held on May 15, 2024 (Wednesday) at 10:00 a.m. via Zoom application through https://us06web.zoom.us/j/88241492914?pwd=40FVhkk7icO|6wSX53pL4QGzF38Bvb.1. Click to enlarge Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with […]

YELLOW and red alerts were declared on the Luzon and Visayas power grids Tuesday, with power reserves thinning after a number of generating plants announced forced outages. In a statement Tuesday, the National Grid Corp. of the Philippines (NGCP) said red alerts were was raised over Luzon between 3-4 pm […]

REUTERS THE Philippines has proposed to Japan and the US ministers its accession to the US-Japan Critical Minerals Agreement. “Critical minerals were one of the topics we covered in our trilateral ministerial meeting. We emphasized the fact that we are a major producer of critical minerals,” Trade Secretary Alfredo E. […]

BOC THE Department of Agriculture (DA) said the streamlined food import process under Administrative Order No. 20 will be open only to legitimate traders to prevent abuse of the rules by would-be smugglers. “We will be giving all the necessary safeguards” to ensure that the system is not abused, Agriculture […]

BASIC GOODS prices are not expected to rise at retail level if manufacturers continue to hold their prices steady, supermarket operators said. “As long as there is no notice from manufacturers saying they will increase prices, then retailers won’t do so,” Steven T. Cua, Philippine Amalgamated Supermarkets Association (PAGASA) president, […]