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Thursday, December 7, 2023

Business

Diokno pushes digital payments to advance climate action

Finance Secretary Benjamin Diokno asked the global community to rapidly digitalize payments as a key tool to accelerate climate action, speaking at a side event during the 2023 United Nations Climate Change Conference (COP28) on Dec. 4, 2023, at the Philippine Pavilion. "The staggering numbers of annual climate-related losses and damages have prompted the government to explore and develop innovative solutions to secure a climate-resilient future for the Philippines," Diokno...

DOTr seeks to reduce road accident deaths by 35%

The Department of Transportation (DOTr) is targeting a significant reduction in road...

Philippine unemployment rate hit 18-year low in October 2023

The Philippines' unemployment rate reached its lowest level in nearly two decades...

ADB lends $450m to fund PH health reforms

The Asian Development Bank (ADB) said Wednesday it approved a $450-million (P24.75...

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Customs collected P75.3b in November to top target

The Bureau of Customs (BOC) said Wednesday it surpassed its target for November 2023, driven by improved efficiency in tax collection. Customs Commissioner Bienvenido Rubio...

EEI allocates P580m for free food of workers

EEI Corp., the construction unit of the Yuchengco Group of Companies (YGC), is spending P580 million annually to improve the lives of its workers...

Converge set to launch first AI call center

Converge ICT Solutions said Wednesday it tapped global technology company Salesforce to launch one of the first generative AI contact centers in the Philippines. The...

Diokno: PPP Code to support more infrastructure projects

Finance Secretary Benjamin Diokno said the newly-enacted Public-Private Partnership (PPP) Code of the Philippines, which was signed into law as Republic Act No. 11966...

Vista Land raises P6b from issuance of fixed-rate bonds

Property developer Vista Land & Lifescapes Inc. said Wednesday it raised P6 billion from the issuance of fixed-rate bonds. It listed the bonds on the...

DOE promotes climate finance, pushes early phaseout of PH coal power plants

The Department of Energy (DOE) said Wednesday climate financing is key to the success of the Philippines’ energy transition even as it encouraged a...

PH stocks end flat as investors await cues

Philippine stocks ended nearly flat Wednesday amid the lack of market catalysts. The 30-company Philippine Stock Exchange index shed 3.10 points, or 0.05 percent, to...

Alternergy taps K2M of Denmark to develop 164-MW wind projects

Alternergy Holdings Corp. and K2 Management (K2M), an energy transition project management and engineering consultancy firm, teamed up to construct two onshore wind power...

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