International news
News from wire services and other publishers.
Page 125
MPIC completes P12.4 billion Meralco deal
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) now owns nearly half of Manila Electric Co. (Meralco) after completing a P12.4-billion deal with Ramon Ang’s San Miguel Group.
Over 2,000 micro taxpayers seek tax abatement program
More than 2,000 micro taxpayers have sought from the Bureau of Internal Revenue (BIR) under its one-time tax abatement program, with availments accelerating in recent weeks.
Philippines, AZEC strengthen regional oil stockpiling push
Hormuz-dependent Philippines is helping advance the Asia Zero Emission Community (AZEC)’s push to strengthen oil stockpiling systems across the region.
CIC makes 1st dividend remittance of P170 million
The Credit Information Corp. (CIC) made its first dividend remittance to the national government since its establishment in 2008, amounting to P169.64 million after posting record-high revenue last year, the Department…
Government ‘very confident’ of meeting renewable energy targets
The government remains bullish on meeting its renewable energy (RE) targets, banking on more competitive auctions to drive the rollout of clean power projects.
Bargain hunting lifts PSEi from 11-month low
The local stock market bounced back amid bargain-hunting activities following Thursday’s sharp sell-off.
Confidence in banking system intact – BSP
Confidence in the Philippine banking system remains intact, the Bangko Sentral ng Pilipinas (BSP) said, citing banks’ strong fundamentals and safeguards meant to protect the integrity of the financial system.
PEZA sees record investment approvals this year
The Philippine Economic Zone Authority (PEZA) expects investment approvals to hit an all-time high this year, given four big-ticket projects in the pipeline.
Government raises P167.3 billion from retail bond sale
The Philippine government raised P167.25 billion from its latest Retail Treasury Bond (RTB) offering, which is expected to help finance its various projects.
2026 Johnny awards celebrates successful run
A warm spirit of gratitude filled the Del Rosario Law Centre Penthouse in BGC, Taguig City, as indefatigable Johnny Awards chairman Marissa Fenton and co-chairman Roselle Del Rosario-Rebano hosted an intimate…