Tag: eyes
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BSP eyes use of QR code for transport payments
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THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing to identify strategic use cases for its national QR code standard such as for transportation payments. In a draft circular, the BSP said it is seeking to introduce the payment use cases involving QR Ph for sectors such as transportation “which shall…
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Vista Land subsidiary eyes 5-year dollar notes issuance
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VILLAR-LED property developer Vista Land & Lifescapes, Inc. announced on Monday that its wholly owned subsidiary is considering a five-year, dollar-denominated, fixed-rate notes issuance as part of its fundraising efforts. Vista Land’s VLL International, Inc. may issue senior unsecured fixed-rate notes under its $2-billion medium-term note program, the property developer…
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House eyes budget approval by Sept.
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THE HOUSE of Representatives is looking to approve the proposed P6.352-trillion national budget for 2025 before Congress goes on a break in September, House Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said on Wednesday. “Aside from our commitment in approving the few remaining LEDAC (Legislative-Executive Development Advisory Council) priority…
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LEDAC eyes approval of 28 priority bills by June 2025
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AT LEAST five new bills have been added to the Marcos administration’s list of priority legislation expected to be approved by Congress before June 2025, including proposals to allow foreign investors to lease land for up to 99 years and amend a 2019 law that liberalized the rice sector.
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MPTC eyes P30 billion in yearly revenue from Indonesia toll road
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PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC) expects to generate P30 billion in yearly revenue from its toll road contract in Indonesia, which is expected to be signed this week, according to its chairman. “It is likely to be signed next week in Jakarta,” MPTC Chairman Manuel V. Pangilinan told reporters…
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PHL eyes ODA from France to fund projects
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THE PHILIPPINES and France have signed a government-to-government agreement to secure funding for the former’s priority projects, the Finance department said. In a statement on Monday, the agency said the agreement would allow the Philippine government to obtain concessional official development assistance (ODA) and blended financing from France. This would…
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Philippine steel manufacturing firm eyes geothermal power offtake
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Philippine-based steel manufacturer SteelAsia Manufacturing is in early talks for geothermal power offtake with innovative geothermal company GreenFire Energy. The post Philippine steel manufacturing firm eyes geothermal power offtake first appeared on ThinkGeoEnergy – Geothermal Energy News.
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Meralco eyes bids for 500MW of RE capacity
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MANILA Electric Co. (Meralco) on Monday said it has started seeking bids for 500 megawatts (MW) of renewable energy (RE) capacity to comply with a state requirement. In a statement on Monday, the power distributor said the competitive selection process is pursuant to the Energy department’s policy on renewable portfolio…
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Government eyes sale of assets to GSIS, SSS
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THE FINANCE department is aiming to raise around P100 billion from the sale of government assets, mainly to the Government Service Insurance System (GSIS) and the Social Security System (SSS). “We need to privatize a lot but we’re going to sell them most likely to GSIS. We’re offering them to…