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Friday, May 3, 2024

Business

World-class mill

SteelAsia Manufacturing Corp. secures an P8.3-billion loan to complete its P18-biliion steel section mill in Lemery, Batangas. The plant will be the Philippines’ first such mill and will be fully commissioned by 2025. Attending the loan signing ceremony are (from left) assistant secretary Marvin Jason Bayang, Philippine Business Bank president and CEO Rolando Avante, SteelAsia chairman and CEO Benjamin Yao, Government Service Insurance System president and general manager...

Leandro Leviste buys 8.5% stake in ABS-CBN

Countryside Investments Holdings Corp. (CIHC), a company owned by young businessman Leandro...

DOF set to execute $1.5-b pipeline projects with JICA for 2024-2025

The Department of Finance (DOF) said Thursday it is set to execute...

Manufacturing gauge climbed in April—S&P

The Philippines’ manufacturing sector further improved in April 2024 amid strong demand,...

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Spanish countryside rebels against mega ‘pig factories’

Cuenca, Spain—“That’s not a farm, it’s a factory... a pig factory,” says Antonio Escribano as he stares at a huge metal frame in the...

PNOC’s income doubles to P855 million

State-run Philippine National Oil Co. said Friday it posted a 100-percent increase in comprehensive income in the nine-month period to P855 million from P425...

Airspeed opens hubs in NCR and Cavite

Integrated logistics firm Airspeed, a part of SM Investments Corp.’s portfolio investments, expressed optimism about its growth with the opening of new hubs in...

ADB lending $600 million for PH health services

The Asian Development Bank said Friday it approved a $600-million policy-based loan to help the Philippines provide quality and equitable health services as part...

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