CREC.COM.PH CITICORE Renewable Energy Corp. (CREC) plans to spend around P35 billion this year, primarily on renewable energy projects, its chief executive officer said. “For 2024, [the capital expenditure budget is set at] approximately P35 billion,” CREC President and Chief Executive Officer Oliver Y. Tan told reporters on Wednesday. As […]

By Sheldeen Joy Talavera, Reporter STATE-RUN Philippine National Oil Co. (PNOC)  said it is targeting to complete the repurposing of its Mabini, Batangas port into an offshore wind integration port by 2027, estimating a cost of P5 billion and considering a public-private partnership (PPP) scheme. “We still have to determine […]

FILMING in Los Angeles County tumbled 32% last year, hobbled by strikes that closed down the sets of all major US studios. Although the walkouts by writers and actors were settled in September and November, studios such as Walt Disney Co. and Netflix, Inc. couldn’t ramp up production quickly to […]

THE Metro Pacific Investments Corp. (MPIC) may consider submitting a bid for the operations and maintenance (O&M) of Metro Rail Transit Line 3 (MRT-3), in alignment with the Transportation department’s preference for a solicited scheme, its chairman said on Thursday. “We probably would participate in that. I guess it depends […]

By Keisha B. Ta-asan, Reporter THE POLICY-MAKING ARM of the Bangko Sentral ng Pilipinas (BSP) likely has more dovish members than hawkish ones, which could tip the central bank to cut key rates this year after the US Federal Reserve starts its own policy easing, according to an economist. With […]

ON THE ROAM (2024) — IMDB LOS ANGELES — Jason Momoa is excited to shed his acting persona and show audiences the real him in his new docuseries On the Roam. “You get to see me not hiding behind the character trying to be, you know, king of this or […]

FREEPIK It would do the Philippines good if our economic managers take to heart the emerging key messages at the World Economic Forum at Davos. One is the advice of the IMF Managing Director Kristalina Georgieva to “stay in the middle of realism that seems to serve the world well.” […]

MANUFACTURING must be made a government priority after the industry’s share of gross domestic product (GDP) and employment declined, according to an economic think tank. “(The government) must provide means and opportunity for local manufacturers to flourish,” IBON Foundation Executive Director Jose Enrique A. Africa said at a briefing. Mr. […]

CIMB BANK Philippines, Inc. expects its loans to grow by 40% this year as the central bank is widely expected to start its easing cycle. The digital commercial bank also aims to boost its deposits by more than 25%, while adding as many as 1.5 million customers, CIMB Bank PH […]

PLDT Inc. anticipates a challenging year for the telecommunications industry and plans to reduce its capital expenditure (capex) budget, the company’s chairman said. “The problem with the industry has always been growth. It is also getting tougher and tougher to realize growth across the board,” Manuel V. Pangilinan, chairman, president, […]