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Bank assets grow 10 percent to P24.8 trillion
Philippine banks’ assets grew by 10.3 percent to P24.81 trillion in January from the P22.49 trillion recorded a year ago, according to data from the Bangko Sentral ng Pilipinas,.....»»
DMCI posts FY23 net income of P24.7-B (down 21%)
DMCI posted an FY23 consolidated net income of P24.7 billion, which was 21% lower than its FY22 net income of P31.2 billion......»»
DMCI Holdings net income down 20% to P24.9B as revenue drops
DMCI Holdings net income down 20% to P24.9B as revenue drops.....»»
Ayala Land FY23 profit up 32% to P24.5-B
Ayala Land teased its full-year financial performance in a press release where it revealed that its FY23 profitability increased 32% to P24.5 billion......»»
Navy seizes P24.3 million smuggled items off Sulu
Navy men have intercepted three motorboats found loaded with smuggled cigarettes, petroleum and chemicals worth P24.3 million in the waters off Sulu last week, officials reported yesterday......»»
Cebu City sets 14 road opening, widening projects worth P3.8B
CEBU CITY, Philippines – The Cebu City government is set to implement 14 road opening and widening projects this year in a bid to ease traffic. Engr. Miralex Toribio, acting assistant city engineer of the Department of Engineering and Public Works (DEPW), disclosed that around P3.8 billion worth of road opening and widening projects.....»»
Baltimore Bridge collapse: Police had about 90 seconds to stop traffic before bridge fell
BALTIMORE — It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers who happened to be nearby responded that they managed to stop vehicle traffic over.....»»
Baltimore bridge collapses after cargo ship rams it
A major bridge in the US city of Baltimore almost entirely collapsed Tuesday after being struck by a cargo ship, sending multiple vehicles and up to 20 people plunging into the harbor below. Dramatic footage shows a container ship hitting a footing of the Francis Scott Key Bridge, sending the steel-built structure into the Patapsco.....»»
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......»»
Another bridge in Davao Oriental collapsed
A bridge in Caraga, Davao Oriental collapsed due to continuous heavy rains, following the impact of Tropical Depression Kabayan. This is the third main bridge damaged by extreme weather conditions since December 2023. The damaged bridges are still under construction. The collapse has caused isolation for some communities and led to landslides in Barangay Pichon, with at least 64 families sheltered in evacuation centers. The local government, alongside various agencies, is conducting an impact assessment to determine the damage to agriculture and infrastructure. Classes in public and private institutions are suspended until January 20. The community is rallying for strength and optimism amidst the challenges......»»
Bohol Circumferential Road, Urdaneta Bypass Road, Tambacan Bridge renamed
Aside from renaming the roads and bridge, President Ferdinand Marcos Jr. also approved a law naming a national highway in Camarines Sur.....»»
Envi group urges Senate to probe Samal-Davao bridge project
DAVAO CITY (MindaNews / 15 January) – The Sustainable Davao Movement has called on the Senate to investigate the implementation of the Samal Island-Davao City Connector (SIDC) project due to the ties of the government’s winning contractor, China Road and Bridge Corporation (CRBC), to the China Communications Construction Company Limited (CCCC), which the United States government blacklisted in […].....»»
Fruitas raises P200 million from corporate notes
Fruitas Holdings Inc. has completed its maiden private placement, raising P200 million from the issuance of corporate notes......»»
Fruitas raises P200-M through sale of corporate notes
Fruitas disclosed that it sold P200 million worth of corporate notes in a private placement to banks and institutional investors......»»
Tax Notes: BIR issues clarification on the taxation of cross-border services
Tax Notes: BIR issues clarification on the taxation of cross-border services.....»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions
Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions.....»»
PVO notes drop in egg price
PVO notes drop in egg price.....»»
Lab Notes | Rosario’s black sand: That which we call home
Juan is just one out of many fisherfolk unable to make a living from the sight that greets them in the morning and lulls them at night. When reclamation started in Manila Bay and in Bulacan Aerotropolis, it meant finding source material for dumping, and there is no need to look farther than Cavite whose coasts are rich in black sand. High in iron content, the black sand can be used for concrete and asphalt production—a vital ingredient for built infrastructure. The post Lab Notes | Rosario’s black sand: That which we call home appeared first on Bulatlat......»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»