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ICTSI on expansion mode; raises capex to $450 million
International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»
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......»»
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......»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
Alfamart accelerates growth with more aggressive expansion
Alfamart, the minimart chain of the SM Group, is embarking on a more aggressive growth as it ramps up store expansion starting this year......»»
Axelum to expand global reach
With the entry of Manuel V. Pangilinan-led Metro Pacific Investments Corp. as a strategic investor, Axelum Resources Corp. is now looking to embark on a strategic program that includes expanding its global reach and product portfolio to anchor long-term growth......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
Philippines declares 'strategic defeat' of NPA rebels
MANILA, March 26 (Xinhua) -- The Philippines declared on Tuesday a "strategic defeat" of the New People's Army (NPA) rebels, who have been fighting against the government since the 1960s, saying there is no more active guerilla fronts in the country. Eduardo Ano, National Security Adviser and former chief of staff of the Armed Forces of the Philippines, said "thousands" of NPA insurgents have decided to return t.....»»
Philippines declares 'strategic defeat' of NPA rebels
MANILA, March 26 (Xinhua) -- The Philippines declared on Tuesday a "strategic defeat" of the New People's Army (NPA) rebels, who have been fighting against the government since the 1960s, saying there is no more active guerilla fronts in the country. Eduardo Ano, National Security Adviser and former chief of staff of the Armed Forces of the Philippines, said "thousands" of NPA insurgents have decided to return t.....»»
Google Drive Going Dark Soon?
It seems like the highly popular cloud storage service Google Drive will go dark soon – as in dark mode, for its web version so people who are on the dark side can enjoy their favorite cloud storage platform without squinting their eyes. The report comes from a post from 9to5google, as they’ve received a […].....»»
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
Rate cut seen to boost growth
The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»
BPI sees stronger credit growth
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»
North Korea says it tested new strategic cruise missile
SEOUL (Reuters) -North Korea said it tested its new strategic cruise missile on Wednesday, state media KCNA reported on Thursday, confirming what the South Korean military said the day before. The missile dubbed “Pulhwasal-3-31” is currently under development and the test-firing had no impact on the security of neighbouring countries, the state media said, adding.....»»
Marcos tells Australia their strategic partnership is more important than ever
MELBOURNE, Australia (AP) — Philippine President Ferdinand Marcos Jr. told Australia’s Parliament on Thursday that the strategic partnership between the two nations was more important than ever with the rule of law and peace in the region under threat from China. Marcos told a special joint sitting of the two chambers during a state visit.....»»