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Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…
The Cebu City government plans to create a creative industries district, requiring at least P10 billion to develop a 150-hectare area of the city. “We are planning to invite investors to whatever scheme. It could be a…
Berlin – President Ferdinand Marcos Jr. has successfully obtained over $4 billion in foreign investments from German companies to enhance collaboration in healthcare, information technology, agriculture, and manufacturing sectors in the Philippines during his recent visit to…
MANILA (Reuters) – Private equity firm KKR & Co will invest $400 million in telecoms tower operations and expansion in the Philippines, the U.S. Department of Commerce said on Wednesday, among a slew of deals in a…
President Marcos, who has embarked on 16 foreign trips since June 2022, has defended his frequent trips abroad, saying the Philippines needed a lot of investments to boost the country’s economy after the pandemic. His statement came…
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Tuesday signed the controversial Maharlika Investment Fund (MIF) bill into law. The President signed the bill at the Kalayaan Hall of the Malacañan Palace, with members from both…
MANDAUE CITY, Cebu – Imagine travelling on a car-like suspended transport system when in Danao City in northern Cebu. Dorothy Pinyoloya, CEO of Transit X, said their company has allocated an initial investment of $759 million on…
MANILA, Philippines — Critics of the Maharlika Investment Fund (MIF) must remain vigilant despite its expected signing into law by President Ferdinand Marcos Jr., Sen. Francis Escudero said on Sunday as he underscored the Supreme Court’s critical…
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has certified as urgent the Senate bill seeking to establish the controversial Maharlika Investment Fund. In a letter to Senate President Juan Miguel Zubiri dated May 22, Marcos tagged as…
CEBU CITY, Philippines – Cebu City Mayor Michael Rama will be flying to Manila again as he plans to do another round of “investment-begging” there. During the City Hall’s flag-raising ceremony on Monday, September 12, Rama announced…
With a booming economy, rich tourism, colorful culture, and the expansion of different infrastructure developments, among many things, Cebu has truly deserved its spot as one of the best islands in the world. And with Metro Cebu…
CEBU CITY, Philippines —Arbitration may be needed if the dispute between the Capitol and Manila Water Consortium Inc. (MWCI) within 30 days or until January 10, 2020. The period commenced when the Capitol served the Notice of…
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