ACEN gets fresh P3 billion loan to fund global projects

MANILA, Philippines — Ayala-led ACEN Corp. has sealed a €50-million (about P3.1 billion) credit facility with ING Bank N.V. Manila Branch to reinforce its international expansion. In a disclosure to the Philippine Stock Exchange yesterday, the listed energy arm of the Ayala Group said its subsidiary ACEN International Inc. has finalized the signing of a […]

FULL LIST: Local candidates of Cebu City for 2025 elections

MANILA, Philippines — The Commission on Elections (Comelec) has released the official list of candidates running for local positions in Cebu City. As of January 2025, Comelec data shows that Cebu City is the fifth most vote-rich city in the Philippines, with 721,000 registered voters. These are the candidates vying for positions across Cebu City’s […]

DBCC still upbeat on 2025 target

Despite weaker-than-expected Q1 growth MANILA, Philippines — The government economic team is not giving up on its 2025 growth target even after a slow first quarter performance and amid global uncertainties. Development Budget Coordination Committee (DBCC) chair and Budget Secretary Amenah Pangandaman said the country’s gross domestic product (GDP) is still expected to accelerate in […]

Cosco Q1 profit rises to P3.68 billion

MANILA, Philippines — Cosco Capital Inc. posted higher profit in the first quarter on the back of strong contributions from its major business segments. The listed retail holding firm of Lucio Co reported a 7.6-percent jump in net income to P3.68 billion in the first quarter from P3.42 billion in the same period last year. Thee group’s […]

Nitpicking | Philstar.com

In the wake of a tragic incident, it’s natural for the public to demand answers and to demand them fast. That urgency often leads to real change. But in our rush to assign blame, we sometimes overlook the complexity of the systems we’re trying to fix. The recent accident at NAIA Terminal 1 has brought […]