Peso may stay at P55 level

By AMCS | BusinessWorld December 08, 2023 MUFG Global Markets Research sees the peso staying at the P55-per-dollar level until the end of 2024 amid easing inflation, a narrowing trade deficit and faster economic growth last quarter. “We now forecast the peso-dollar...

Three entities secure gov’t deals for RE projects

THE Department of Energy (DoE) has awarded service contracts to three entities for their renewable energy (RE) projects, the listed companies behind the planned power sources separately said on Thursday. Basic Energy Corp., Alternergy Holdings Corp., and A Brown Co.,...

Manila Water signs P10-B loan for capital spending

MANILA Water Co., Inc. said on Thursday that it had signed a P10-billion term loan facility with a local bank to partly fund its capital expenditure projects. In a disclosure to the stock exchange, the east-zone water concessionaire said the 10-year term loan facility...

Vivant unit seals P3.5-B loan with BDO

VIVANT Energy Corp. signed a P3.5-billion term loan facility agreement with BDO Unibank, Inc., its parent firm said on Thursday. In a stock exchange disclosure, Vivant Corp. said that its subsidiary signed a five-year agreement with the bank to partially finance its...

Grab readies expansion of service, EV operation

GRAB Philippines is gearing up to expand its presence to serve more locations in the country while also planning to operate electric vehicles (EVs), a company official said. Grace Vera-Cruz, the ride-hailing app’s country head, told reporters about new areas for the...