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8990 Holdings expands buyback limit to P7-B of stock
8990 Holdings disclosed that its board of directors voted to “expand” a P2 billion stock buyback program that was originally established back in 2019, which was then suspended during the pandemic to conserve cash......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
SSS Surpass 2023 Revenue Target by 9.5%
The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»
Government t sees more revenue from e-cigarette taxes
The domestic electronic cigarette and vape industry are expected to contribute in hitting the government’s revenue collection goal, as players are urged to pay the right taxes amid Filipinos’ shift to alternative smoking......»»
DA: P20/kilo rice remains a government aspiration
President Marcos’ election campaign pitch of P20 per kilo of rice remains an aspiration of the government, a Department of Agriculture official said......»»
Duterte: P20/K rice impossible
There is no way for rice prices to dip to P20 per kilo as promised by President Marcos, according to former president Rodrigo Duterte......»»
Rep. Wilbert Lee: P20 per kilo of rice still possible
CEBU CITY, Philippines — The promise of President Ferdinand Marcos Jr. to lower the price of rice to P20 per kilo remains doable if House Bill No. 9020 or the “Cheaper Rice Act” is passed into law, Agri Partylist Representative Wilbert Lee said. Under his proposed bill, Lee said that the government will have to.....»»
Imee: Romualdez ‘definitely’ behind P20 million for people’s initiative support
It was Speaker Martin Romualdez who was behind the distribution of cash amounting to as much as P20 million per district to bankroll the ongoing signature campaign as part of the people’s initiative for Charter change, Sen. Imee Marcos said yesterday......»»
Imee: P20 million offered per district for House Cha-cha
Up to P20 million was reportedly offered to each congressional district that could deliver by next week the needed number of signatures that support the Charter change being pushed in the House of Representatives, Sen. Imee Marcos said yesterday......»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
LTO 7 provides free driving courses to 4,000 individuals
LTO 7 provides free driving courses to 4,000 individuals.....»»
Alan Shirahama in Cebu, the potency of pop culture’s influence in driving tourism
Alan Shirahama in Cebu, the potency of pop culture’s influence in driving tourism.....»»
‘Investment spending rebounds in 2023 4Q, driving GDP growth’
‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»
53% drop in Davao City’s road accidents: DCPO-TEU
The Davao City Police Office-Traffic Enforcement Unit (DCPO-TEU) has reported a significant 53% decrease in road accidents during the first 16 days of 2024 compared to the same period in 2023. Deputy Chief Pcpt. Raymundo B. Bacera Jr. revealed these statistics during the ISpeak media forum, citing 213 recorded incidents in 2023, compared to only 102 in 2024. He noted a reduction in the number of vehicles involved, from 120 to 51. Human error was identified as the primary cause of accidents, accounting for 97% of cases, while vehicle defects and road defects contributed to 2% and 1% of incidents, respectively. Private vehicles were involved in 40% of the accidents, with common human errors including texting/calling while driving, overtaking, and speeding. The peak hours for accidents were identified as between 2 pm to 4 pm. Despite the implementation of the New Speed Limit Ordinance, which came into effect on January 11, 2024, Dionisio Abude, head of the City Transport and Traffic Management Office (CTTMO), emphasized that the ordinance cannot guarantee the absence of road incidents, highlighting the critical role of driver behavior and driving habits. Since the ordinance's enforcement, CTTMO and DCPO-TEU have issued citations to 730 violators, with private vehicles constituting 49% of the total, followed by motorcycles, taxis, trucks, public utility jeepneys, buses, and public utility vans......»»
CLLEx right-of-way row resolved; project to resume Q2 — Zambales guv
The Central Luzon Link Expressway, which has faced long delays due to right-of-way claims, got a new lease in life after a dialogue between project officials and landowners affected by the project resolved problems besetting the government project......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
Who is Atty. Kent Francesco Jongoy, the newly endorsed CBRT project manager?
CEBU CITY, Philippines — Cebu City Mayor Michael Rama has recently endorsed a new project manager for the Cebu Bus Rapid Transit (CBRT) project. Meet incoming CBRT project manager Lawyer Kent Francesco Jongoy, the assistant head of the Cebu City Transportation Office (CCTO), the head of its Public Mass Transportation Division, and its legal officer......»»
300M Coliseum Project is set to be constructed at the CatSU Compound
Catanduanes State University’s leadership joyfully announces the initiation of a 300 million project aimed at constructing a coliseum on a one-hectare plot within the campus. In a statement by President Patrick Azanza, he indicated that the initial phase, valued at 100 million, is slated to commence this year, with the entire project anticipated to conclude […] The post 300M Coliseum Project is set to be constructed at the CatSU Compound appeared first on Bicol Peryodiko......»»
Mystery guy humingi ng ‘sorry’ kay Jayda, idinaan pa sa billboard
SINO kaya ang mystery guy na humihingi ng “sorry” sa singer-actress na si Jayda Avanzado? Agaw-pansin kasi ang giant billboards na nakabandera sa ilang lugar, kabilang na ang nasa EDSA Guadalupe, Galleria Corporate Center sa Ortigas at sa may Marcos Highway sa Cainta, Rizal. Ang mensahe sa billboard, “Sorry Jayda, naduwag ako.” Baka Bet Mo:.....»»
A chat with RSA
Monday, March 4, 2024, San Miguel Corporation chair and CEO Ramon S. Ang had lunch for three hours and half with a group of senior newsmen, bloggers and lawyers, at the sprawling suburban SMC headquarters in Ortigas......»»