Business - Newswav

THE Maharlika Investment Corp. (MIC) wants to attract foreign sovereign wealth funds for co-investments in local projects, particularly in energy and infrastructure.MIC President and CEO Rafael Consing Jr. said the fund was being positioned as a national development fund, with investments within the Philippines the immediate priority.“When I s

THE country’s debt service burden rose by 5.2 percent to $8.25 billion in the first seven months of the year from $7.84 billion a year earlier, preliminary central bank data showed.The bulk came from interest payments, which were recorded at $4.673 billion, lower than the $4.675 billion recorded in the same period last year.Principal payments,

YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) on Monday said it signed a strategic cooperation agreement with Chinese wind turbine manufacturer Ming Yang Smart Energy Group Ltd. in Zhongshan, China.The agreement establishes a framework for developing offshore wind projects in the Philippines, initially focusing on the planned 2-gigawatt (GW) No

WHEN the peso weakens, Filipino families feel the loss at the market, at the gas pump, and when the electricity bill arrives. For workers whose wages barely cover their needs, a falling currency makes an already tight budget harder to stretch.The peso’s recent slide past P64 against the US dollar has sharpened concerns about household purchasi

GLOBE Telecom Inc. on Tuesday reported a net income after tax of P16.50 billion for the first nine months of 2026, down from P17.70 billion last year.The telco said this was the result of high depreciation and net interest expenses along with nonrecurring gains recorded from tower sales and diluted shares of Mynt Inc.“We are pleased with how t

The IRS has published its annual inflation updates for the 2027 tax year, raising both the standard deduction and the child tax credit. Taxpayers will experience these changed figures on returns filed in 2028.Most of the updates released on Nov. 5 reflect standard yearly increases tied to price growth, translating to roughly a 3.2% rise for 2

Paraguay’s new president, Pedro Alliana, promises to recover pension funds affected by the intervention in Ueno Bank. The crisis, which led to the dismissal of Santiago Peña, has left up to 7,000 people unemployed in Paraguay and other countries.View on euronews

The bank attributed the higher rate of people struggling to inflation and rising interest rates.