AYALA-LED ACEN Corp. announced on Thursday that it had executed subscription agreements with two of its subsidiaries to fund a wind energy project in Pagudpud, Ilocos Norte.In a disclosure, ACEN said it subscribed to around 7.29 million shares of its wholly-owned subsidiary, Bayog Wind Power

REUTERSMEXICO CITY — Tech giant Uber and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to regulate the gig economy.The companies said in a statement on Wednesday,

BAYANIPAY, Inc. is looking to expand its presence and to help more Filipinos in the United States send money back home.The financial technology (fintech) company announced on Wednesday evening that it has raised $4.5 million in seed funding, mainly from East West Bank in Southern

THE PESO climbed further against the dollar as minutes of the US central bank’s latest meeting showed policy makers favored a dovish pivot. — BW FILE PHOTOTHE PESO continued to strengthen against the dollar on Thursday amid signals of less aggressive tightening by the US

BW FILE PHOTOPHILIPPINE SHARES extended their gains on Thursday after the release of the minutes of US Federal Reserve’s November meeting, which fueled bets that the central bank will consider slower rate hikes moving ahead.The Philippine Stock Exchange index (PSEi) went up by 20.19 points

REUTERSTECH INDUSTRY associations said the Philippines should align its digital taxation policy with international practice, saying that predictability of business conditions is key to continued investment in innovation.The Asia Internet Coalition (AIC) and the Asia Cloud Computing Association (ACCA) said they support a proposed measure

REUTERSA PROPOSED extension to the Comprehensive Automotive Resurgence Strategy (CARS) program is currently being discussed, according to the Department of Trade and Industry.Ceferino S. Rodolfo, Trade undersecretary and Board of Investments (BoI) managing head, told reporters in a recent briefing that the two CARS participants,

ENERGY.AGPGLOBAL.COMTHE Department of Energy (DoE) said on Thursday that at least two liquefied natural gas (LNG) projects are on track to start operations next year.“(With) scheduled availability at the end of the first quarter of 2023, liquefied natural gas is considered an important source for

FREEPIKTHE Philippines’ reserves of coal, oil, and natural gas and condensate were valued at P241.99 billion in 2021, up 68.4%, the Philippine Statistics Authority (PSA) said, reflecting the higher market prices for these resources even though volumes fell.The Philippines classifies its reserves as Class A,

LOCAL government units (LGUs) have been instructed to develop a capital investment planning capability, the Department of Finance (DoF) said, citing the need to raise their creditworthiness and improve their access to financing.“As we implement the full devolution of certain functions from the executive branch

BW FILE PHOTOMOODY’S ANALYTICS said it lowered its 2022 growth estimate for the Philippines to 6.7% from 6.8% previously due to the lingering impact of the pandemic.The downgrade comes despite a stronger-than-expected third quarter performance for Philippine gross domestic product (GDP).The global research firm retained

PHILIPPINE STAR/ MICHAEL VARCASTHE Philippines should manage the economy in a way that grows the middle class, to prevent members of that income category from falling back into poverty, participants at a conference discussing a World Bank report on inequality.“If we manage to reduce poverty,