PCC greenlights $3.3-B LNG deal
By Sheldeen Joy Talavera, ReporterTHE PHILIPPINE Competition Commission (PCC) on Monday said it has approved the $3.3-billion landmark deal among three energy giants, allowing them to proceed with their joint acquisition of power facilities and a liquefied natural gas (LNG)
NG to borrow P629B locally in first quarter
BW FILE PHOTOTHE National Government (NG) is planning to borrow P629 billion from the domestic market in the first quarter of 2025, as it seeks to frontload borrowings ahead of the May elections, the Bureau of the Treasury (BTr) said
IMF: Monetary policy must be calibrated to account for severe shocks
ATTENDANTS refuel vehicles at a gas station along East Avenue, Quezon City, Dec. 9, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMANTHE PHILIPPINES’ monetary policy may need to be calibrated to integrate increasingly drastic supply shocks, the International Monetary Fund (IMF) said.“Looking
External debt service up by 17% at end-Sept.
REUTERS/DADO RUVIC/ILLUSTRATION THE PHILIPPINES’ external debt service burden increased by an annual 17% as of end-September due to a rise in both interest and principal payments, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.Debt servicing on external borrowings climbed
Powering the holidays
From left: Living up to the Christmas spirit of giving, Kevin Roi Canubas, Grid Manager at the Cayanga-Bugallon solar plant, is driven in work by his desire to make a meaningful impact to the environment and to her daughter’s future.