December 3, 2023
PRIVATE companies from Malaysia and China showed interest in investing in the Philippine crop sector as part of their market diversification strategy, the Department of Agriculture (DA) said on Thursday. The DA said the companies expressed their interest during the Asian Seed Congress 2023 held in Christchurch, New Zealand, on November 24. It was attended
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METRO Pacific Tollways South Corp. (MPT South), a unit of Metro Pacific Investments Corp. (MPIC), is targeting capital expenditures (capex) of nearly P12 billion over the next two years to fund ongoing developments with the aim of completing these by 2025. Elnora Rumawak, vice president for finance of MPT South, said over the weekend that
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An International Monetary Fund (IMF) team is currently in Pakistan for the highly anticipated first scheduled Stand-By Arrangement (SBA) staff review. This review is important, as it will determine whether Pakistan has been successful in bridging the $6.5 billion external financing gap agreed upon with the IMF. In July, the IMF approved a nine-month standby
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TOKYO: Metro Pacific Health Corp. (MPH), an affiliate of Metro Pacific Investments Corp. (MPIC), is looking to expand its hospital portfolio to 40 before the end of 2025. In a media briefing on Friday, Chaye Cabal-Revilla, MPIC chief finance, risk and sustainability officer, said that 17 hospitals were being targeted for acquisition to boost the
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Snapdeal believes the ecommerce story over the next five-10 years will be around the growth of the ‘value’ lifestyle segment, and the online marketplace is looking to corner a “decent slice of this opportunity” as it focuses on unit economics, quality checks, and use of AI as well as tech to measure and improve customer
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RASLAG Corp., the renewable energy platform of the Nepomuceno Group, said Tuesday that it was in talks with a foreign firm for a potential energy partnership deal. “Please be informed that Raslag Corp. is in preliminary discussions with a Hong Kong-based company for the purpose of entering into a possible partnership in the energy sector,”
READ MOREThe Pan American Games open Friday in Chile’s capital with more than 100 spots available for next year’s Paris Olympics and the usual contest to see who will finish second behind the United States in the medals chart. More than 6,800 athletes from 41 countries and territories will compete in Santiago over 17 days. Competitors
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PLDT Inc. information and communications technology subsidiary ePLDT is planning to invest at least $600 million to build its 12th data center facility in the Philippines. Victor Genuino, ePLDT president and chief executive, told reporters last week that the global average investment to build a data center was between $6 million to $9 million per
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FOODPANDA services in the Philippines and other Southeast Asian countries could end up with a new owner if talks to sell parts of the food delivery business push through. “Delivery Hero confirms negotiations with several parties regarding a potential sale of its Foodpanda business in selected Southeast Asia markets,” Foodpanda said in a statement. “Any
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