The Development Bank of the Philippines (DBP) has earmarked at least P4.2 billion to finance hydropower projects in Mindanao in partnership with the private sector.
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Food and beverage giant SanMiguel Corporation (SMC) achieved strong results last year with itsconsolidated net income growing 10 percent to P8.08 billion.
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While the new department heads have yet to warm their seats, reshuffle and new appointments among the executive positions in the government financing institutions are in the offing.
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The peso rate closed higher at P54.79 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.88 the previous day. The weighted average rate appreciated to P54.768 from P55.176. Total volume amounted to $299 million.
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