Gov’t sets aside P1.12T for 2021 infra spending
The government has slightly jacked up the programmed spending for infrastructure to P785.5 billion this year as the World Bank noted that the quality of road, power and water infrastructure…
‘Force majeure’ sets off another drop in Meralco rates
Manila Electric Co.’s (Meralco) overall rates will decrease by 2.86 centavos per kilowatt-hour in the July billing, the fourth reduction in as many months, as the distribution giant continues to…
Meralco stops collecting ‘convenience fee,’ sets refund
Manila Electric Co. (Meralco) has stopped charging the P47 “convenience fee” and assured customers that it would refund the amount it had been collecting during the billing periods covered by…
Markets swell around the world; Nasdaq sets another record
NEW YORK — Stocks rallied worldwide on Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead. FILE – In this Sept. 18,…
Spain sets aside another $56 billion for ailing companies
A group of women walk past beside a man seated while wearing face mask to prevent the coronavirus during the last day of the lockdown, in Pamplona, northern Spain, Saturday,…
SMIC sets ‘hybrid’ strategy to emerge stronger from crisis
The country’s largest conglomerate, SM Investments Corp. (SMIC), has vowed to emerged stronger from the current coronavirus pandemic using a “hybrid” strategy of using both physical and digital infrastructure to…
Security Bank sets P5B bond offer
Lender Security Bank launched on Tuesday a new P5 billion local bond offering, locking in longer term funding now that local interest rates have significantly gone down. The bonds will…
Mega Global sets P500-M expansion
Mega Global Corp., the company behind Mega Sardines, is set to embark on its biggest expansion program yet, 45 years since it started operating as an exclusive family-owned business. During…
Jollibee reopens its doors for customers; sets the bar for quality standards for safety and cleanliness
Today, as the world adapts to a “new normal” due to the global pandemic, the country’s number one fast-food chain Jollibee has been gearing up to go the extra mile…
Neda, DOF see better jobs numbers as GCQ sets in
The transition to a less restrictive general community quarantine (GCQ) in many places was expected to narrow the unemployment rate of more than 17 percent posted last April, which broke…