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Saturday, April 27, 2024

Biz Plus

NEDA approves new guidelines on PPP proposals

The National Economic and Development Authority (NEDA) Board approved the new guidelines on reviewing and approving public private partnership (PPP) proposals. Under the new guidelines, the ICC approval for projects costing P15 billion and above is expected to be completed within 113 calendar days, with a maximum limit of 120 calendar days.  It said that for projects below P15 billion, ICC approvals should be completed in 83 to 90 calendar days,...

Cemex PH’s stock plummets 28% after DMCI’s acquisition announcement

The share price of Cemex Holdings Philippines Inc. (CHP) plunged on Friday...

2GO Group adds new vessel to its fleet

2GO Group Inc. on Friday inaugurated its latest addition to its fleet—the...

MetroCas declared economic zone

The Philippine Economic Zone Authority (PEZA) proclaimed MetroCas Industrial Estates in Cavite...

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SM Group works with industry, gov’t for climate action, low-carbon economy

The SM Group said it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to...

OceanaGold eyes P6b in IPO proceeds to reduce debt

OceanaGold Corp., the mother unit of Oceana Gold Philippines Inc. (OGPI), confirmed Thursday that it plans to raise P6.08 billion from an initial public...

AEV’s profit rises 22% on strong contribution from business units

ABOITIZ Equity Ventures Inc. (AEV) said Friday its consolidated net income went up 22 percent to P4.9 billion in the first quarter of 2024...

German firms seek suppliers from ASEAN

THE German-Philippine Chamber of Commerce and Industry (GPCCI), together with the German Association of Supply Chain Management (BME) and other German chambers in the...

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