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MerryMart hikes 2030 sales target to P150 billion

MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

MerryMart increases 2030 VISION annual sales target 25% to P150-B

MerryMart, the grocery and consumer products chain founded by Injap Sia, said in a press release that it has updated its 2030 VISION goal from P120 billion in annual consolidated systemwide sales revenue to P150 billion......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Albay eyes 100 percent RE shift by 2030

The province of Albay in the Bicol Region said it plans to shift to 100 percent renewable energy by 2030 to address power outages during extreme weather events......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

‘MGEN to achieve target ahead of 2030 schedule’

Meralco PowerGen Corp. (MGen), the power generation arm of power distributor Manila Electric Co., expects to achieve its 1,500-megawatt (MW) renewable energy target ahead of 2030 schedule......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

Cold storage industry capacity to grow by 8% in 2024

Local cold storage capacity is expected to grow by at least eight percent this year to around 750,000 metric tons, driven by higher storage demand for food items, according to the Cold Chain Association of the Philippines......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Alerts raised on Visayas, Luzon grids due to power woes

MANILA, Philippines — The Visayas grid was placed on yellow alert while the Luzon grid on red alert by the National Grid Corp. of the Philippines (NGCP) on Tuesday, April 16. This was after 42 power plants either stopped supplying electricity or reduced their output. When power supply is insufficient to meet consumer demand then.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2024

New NGCP grid brings relief to Panay, Negros Island consumers

New NGCP grid brings relief to Panay, Negros Island consumers.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

DOE official: Grid system in Panay Island stable

DOE official: Grid system in Panay Island stable.....»»

Category: newsSource:  sunstarRelated NewsJan 22nd, 2024

Philippine Grid Code strictly followed, NGCP insists

The National Grid Corp. of the Philippines maintained that it “simply followed” the protocols set by the Energy Regulatory Commission in responding to the multiple plant shutdowns in Panay on Jan. 2 that led to a widespread blackout in Western Visayas......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

NGCP ready to expand CNP project

The National Grid Corp. of the Philippines is eyeing further developments to improve power supply amid a projected increase of demand the following years after the completion of a backbone project in the Visayas......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

NGCP holds ceremonial switch-on for P51 billion Mindanao-Visayas Interconnection

The completion of the 450-megawatt Mindanao-Visayas Interconnection Project of the National Grid Corp. of the Philippines will unlock enormous socio-economic opportunities in the two regions, President Marcos said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Philippine s population projected to reach around 138.67 mln by 2055

MANILA, Feb. 1 (Xinhua) -- The Philippine population is projected to reach 138.67 million by 2055, assuming that the total fertility rate (TFR) of 1.9 children per woman in 2021 will be sustained until 2055, according to a Philippine Statistics Authority (PSA) study released Wednesday night. The statistics agency based its projections on the 2020 census-based national population using three TFR scenarios. Total.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Philippine s population projected to reach around 138.67 mln by 2055

MANILA, Feb. 1 (Xinhua) -- The Philippine population is projected to reach 138.67 million by 2055, assuming that the total fertility rate (TFR) of 1.9 children per woman in 2021 will be sustained until 2055, according to a Philippine Statistics Authority (PSA) study released Wednesday night. The statistics agency based its projections on the 2020 census-based national population using three TFR scenarios. Total.....»»

Category: newsSource:  inquirerRelated NewsFeb 1st, 2024

Luzon grid on red, yellow alert — NGCP

The NGCP made the announcement following the shutdown of 19 power plants, with three others operating at reduced capacity......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024

Earthquake of magnitude 6.0 strikes Mindanao in Philippines

Mindanao [Philippines], March 8 (ANI): An earthquake of magnitude 6.0 on the Richter scale struck Mindanao in Philippines on Friday, the National Centre for Seismology said. The depth of the earthquake was measured at 140 km. According to the NCS, the tremors were felt at about 14:41:47 IST. "Earthquake of Magnitude:6.0, Occurred on 08-03-2024, 14:41:47 IST, Lat: 5.81Long: 126.90, Depth: 140 Km, Location: Mindanao, Philip.....»»

Category: newsSource:  philippinetimesRelated NewsMar 10th, 2024

Earthquake of magnitude 6.0 strikes Mindanao in Philippines

Mindanao [Philippines], March 8 (ANI): An earthquake of magnitude 6.0 on the Richter scale struck Mindanao in Philippines on Friday, the National Centre for Seismology said. The depth of the earthquake was measured at 140 km. According to the NCS, the tremors were felt at about 14:41:47 IST. "Earthquake of Magnitude:6.0, Occurred on 08-03-2024, 14:41:47 IST, Lat: 5.81Long: 126.90, Depth: 140 Km, Location: Mindanao, Philip.....»»

Category: newsSource:  manilanewsRelated NewsMar 9th, 2024

Advocates call for climate emergency in Mindanao

PMCJ urged the local governments in Mindanao to strengthen the capacity of localities to deal with the impacts of climate change, provide adequate shelter to displaced communities, and review current disaster prevention and response programs......»»

Category: newsSource:  philstarRelated NewsFeb 18th, 2024

TIIC taps Vivant unit for additional solar capacity

Cebu-based manufacturing firm Treasure Island Industrial Corp. has partnered with Corenergy, a subsidiary of Vivant Energy Corp., to boost the solar generation capacity of its packaging division by 729.3 kilowatt peak......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

Century Pacific expanding solar power capacity at GenSan plant

Century Pacific said that it is getting ready for the March 2024 switch-on of its solar power capacity expansion at its General Santos plant......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Delivery drivers urge Mayor Baste for business permit exemption

Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024