A P4-billion waste-to-energy facility will soon rise in New Clark City, Capas, Tarlac, under a deal between the Bases Conversion and Development Authority (BCDA) and Indian engineering firm Uttamenergy Limited. The 12-megawatt plant, set for completion within two years, will process 600 metric tons of waste daily—including bottom and fly ash—generating electricity for about 10,000 households. It is also expected …

Ayala Land Hospitality is teaming up with global hotel giant Hilton to open the Philippines’ first Canopy by Hilton in Makati City by 2026. Rising above the new One Ayala development, the 24-story hotel will offer 400 rooms and suites designed to blend sleek urban escapes with spacious accommodations. Ayala Land Hospitality president and CEO George Aquino said the collaboration …

The National Grid Corp. of the Philippines (NGCP) has raised its transmission rate for the July billing period following the Energy Regulatory Commission’s (ERC) approval of under-recoveries and its maximum allowable revenue (MAR). The transmission charge rose to P0.5923 per kilowatt hour (kWh) from P0.4611 in June. While ancillary services rates dipped to P0.5872/kWh from P0.6182, the overall average transmission …

Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, has signed a mineral production sharing agreement (MPSA) with the Mines and Geosciences Bureau (MGB) for its Long Point property in Aborlan, Palawan. The deal, inked on August 8, covers 2,177.34 hectares and grants BNC exclusive rights to explore, develop, and utilize mineral resources in the area for an initial 25-year …

E-wallet giants GCash and Maya have vowed to comply with the Bangko Sentral ng Pilipinas’ (BSP) order to sever connections with online gambling platforms. In a statement Thursday, GCash said it will fully support the BSP’s directive by removing links and icons in its app that connect users to gambling sites. “We share the BSP’s commitment to ensuring that digital …

The Development Bank of the Philippines (DBP) is calling on Filipinos to take part in the Bureau of the Treasury’s (BTr) latest Retail Treasury Bonds (RTB-31), saying it’s a safe and rewarding way to grow savings while helping fund the country’s development projects. DBP President and CEO Michael de Jesus said the bonds offer steady returns and low risk, making …

The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines tackle hunger, food insecurity, and poor nutrition through the government’s Walang Gutom (Zero Hunger) Food Stamp program. The funding will provide monthly electronic food vouchers to 750,000 food-insecure households nationwide, enabling them to buy healthy and nutritious food.  “With nearly half of Filipinos unable to …

Approved foreign investment pledges in the Philippines surged to ₱67.38 billion in the second quarter of 2025, the Philippine Statistics Authority (PSA) reported. The Authority of the Freeport Area of Bataan, Board of Investments, Bangsamoro Board of Investments, Clark Development Corporation, Clark International Airport Corporation, Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority greenlit the projects. Singapore led all …

Securities and Exchange Commission (SEC) Chairperson Francis Lim on Friday urged finance executives of local firms to help strengthen the country’s market integrity by ensuring strict adherence to governance standards in all transactions. Speaking at the 8th general membership meeting of the Financial Executives Institute of the Philippines (FINEX) in Makati City, Lim said integrity remains “the invisible currency” of …

The international best-seller Jaecoo J7 SHS officially enters the local auto scene during the launch of the new hybrid vehicle last Friday at The Blue Leaf in Taguig City. Top officials of Omoda & Jaecoo Philippines, led by its country director Marc Zhang and Brand Director Johanna Peng, led in the formal introduction of the globally popular hybrid vehicle that …