BW FILE PHOTOSAN MIGUEL-LED New NAIA Infrastructure Corp. (NNIC) will take over the operations and maintenance of the Philippines’ main airport starting Sept. 14, kicking off modernization efforts that include road improvements, terminal expansion, and new parking facilities to improve passenger experience and airport capacity.“In

BW FILE PHOTOMERALCO PowerGen Corp. (MGen) is seeking certification from the Department of Energy (DoE) to confirm that its Atimonan power project is exempt from the 2020 coal moratorium, allowing it to proceed with its proposed 1,200-megawatt (MW) coal-fired power plant.“[The] project is on the

LISTED Del Monte Pacific Ltd. (DMPL) expects its United States operations to improve in the next two years, its chief financial officer said.The improvements and profitability of the company’s US operations, led by Del Monte Foods, Inc. (DMFI), are anticipated by fiscal year 2026, DMPL

BW FILE PHOTOTHE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Monday as yields went down on strong demand and expectations of more rate cuts by the Bangko Sentral ng Pilipinas (BSP) this year amid easing inflation.The Bureau of the Treasury (BTr)

FREEPIK“The gap between the generations arises because the young person looks at the future, middle aged person looks at the present, and the old person looks at the past,” said Professor M.S. Rao. The theory offered by authors William Strauss and Neil Howe can partially

LISTED Italpinas Development Corp. (IDC) said its subsidiary IDC Prime, Inc. has secured a P630-M loan for a mixed-use project in Cagayan de Oro (CdO).Sourced from the Bank of the Philippine Islands, the loan will be used for IDC Prime’s maiden project, Primavera City Phase

THE BANGKO SENTRAL ng Pilipinas (BSP) aims to shift to an enhanced macroeconomic forecasting model by next year that will help in the formulation of monetary policy, officials said on Monday.The BSP will adopt the Policy Analysis Model for the Philippines (PAMPh) for determining the

BW FILE PHOTOMETROPOLITAN Bank & Trust Co. (Metrobank) expects the Bangko Sentral ng Pilipinas (BSP) to cut benchmark interest rates again next month, with inflation is seen to remain within target in the next two years.“The market is currently pricing in four rate cuts from

FREEPIKIn defense of the proposed P256.1-billion budget of the Department of Defense for 2025, Defense Secretary Gilbert Teodoro, Jr. told the House appropriations panel on Aug. 29 that the country acted too late to upgrade its naval and air force capabilities and establish forward posts

SEDAHOTELS.COMLISTED AREIT, Inc. has generated P42.69 million from the sale of three office condominium units in Muntinlupa City, which will be used to fund the company’s acquisition of the Seda Lio resort hotel in El Nido, Palawan.The condo units, located at Ayala-Life FGU Center Alabang,

CIMB BANK Philippines, Inc. (CIMB Bank PH) recorded a 19% growth in loan disbursements in the first semester amid an increase in its customers. The digital-only commercial bank’s loans stood at P31.9 billion in the first half of the year, up from P28.6 billion last year,

The use of the excess and idle funds of the Philippine Health Insurance Corp. or PhilHealth continue to be discussed in the country.See these five recent reports in BusinessWorld: “DoF: Tapping GOCC funds keeps inflation from new taxes in check” (Sept. 5); “PhilHealth urged to