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SPNEC confirms plans to sell 40% stake in Terra Solar project to foreign investors - philstar.com - Philippines

SPNEC confirms plans to sell 40% stake in Terra Solar project to foreign investors

SP New Energy [SPNEC 1.10, down 2.6%; 92% avgVol] [link], now a Meralco [MER 374.80 unch; 80% avgVol] subsidiary under Manny V. Pangilinan’s chairmanship, confirmed reports that it plans to sell “up to 40% equity stake in the Terra Solar” project. The report quoted MVP as saying that SPNEC was in talks with three to five potential investors, and then quoted an unnamed executive who said that SPNEC would take in “at most” two of those potential foreign investors for a combined 40% stake in Terra Solar. MVP said that they were trying to engineer it so that each foreign partner might take a 20% stake. MVP noted that SPNEC still intends to meet its 2026 energization target.

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Ferdinand R.Marcos - Ralph Recto - Dollar bond sale raises $2B for govt - manilatimes.net - Philippines

Dollar bond sale raises $2B for govt

THE Philippines made a successful return to the global debt market on Tuesday, raising $2 billion from a two-part dollar bond sale that the government said was enthusiastically received by investors.

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International - Foreign reserves dip as gov't settles debts - manilatimes.net - Philippines - city Manila

Foreign reserves dip as gov't settles debts

THE country's gross international reserves (GIR) slipped in April as the government paid off some of its debt and used foreign currencies for some spending items, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

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JuanHand, FEdCenter announce partnership to revolutionize financial literacy in the Philippines - philstar.com - Philippines - county Summit - city Manila, Philippines

JuanHand, FEdCenter announce partnership to revolutionize financial literacy in the Philippines

MANILA, Philippines — FEdCenter, an umbrella association of finance teachers and students known for promoting financial knowledge, and JuanHand, an online cash lending platform, are partnering to launch an app-based education platform meant to increase financial literacy by making it fun, rewarding and convenient. 

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Helen Flores - Ralph Recto - International - Higher GOCC remittances to help reduce debt – Marcos - philstar.com - Philippines - county Day - city Manila, Philippines

Higher GOCC remittances to help reduce debt – Marcos

MANILA, Philippines — Higher remittances from government-owned or controlled corporations (GOCCs) will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday.

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Ferdinand Marcos-Junior - Ralph Recto - International - GOCC dividends surge to P88.6B - manilatimes.net - Philippines - city Pasay - city Manila

GOCC dividends surge to P88.6B

DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday.

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Ralph Recto - April shortfall expected – Recto - manilatimes.net

April shortfall expected – Recto

THE government expects to have posted another budget deficit last month amid efforts to accelerate economic growth, Finance Secretary Ralph Recto said.

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Say yes to extra budget with Maya Easy Credit - philstar.com - Philippines - city Manila, Philippines

Say yes to extra budget with Maya Easy Credit

MANILA, Philippines — Tired of feeling trapped, turning to unlicensed and unregulated lenders as if they're your only option for financial freedom? Fret not! With Maya Easy Credit, we're flipping the script.

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