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Untangling the gridlock: A look into the Philippines’ first subway project

By Mark Louis F. Ferrolino Special Features Writer One big problem that hampers the Philippines in maximizing its economic potential is the worsening traffic congestion in the country’s capital region. The traffic jam, which was only experienced on the stretch of Epifanio de los Santos Avenue (EDSA) years ago, is now being felt in almost […] The post Untangling the gridlock: A look into the Philippines’ first subway project appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News3 hr. 0 min. ago Related News

When bamboo becomes a transport disruptor

By Romsanne R. Ortiguero Growing abundantly in the Philippines and the rest of Asia, bamboo is known for its versatility, multi-functionality, sustainability, and even for its tensile strength that can match that of steel. In the local setting, this sun-loving, hyper-growing type of grass is commonly used for construction, furniture-making, handicrafts, and even as food. […] The post When bamboo becomes a transport disruptor appeared first on BusinessWorld......»»

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Charging away anxiety over electric vehicles

By Francis Anthony T. Valentin, Special Features Assistant Editor Filipinos are receptive to the idea of purchasing vehicles running on electricity, even more so than their Southeast Asian peers. That’s one of the key findings of a study carried out by the business consulting firm Frost & Sullivan and commissioned by the Japanese automaker Nissan. The […] The post Charging away anxiety over electric vehicles appeared first on BusinessWorld......»»

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A day in the life of Uber and Grab drivers

By Bjorn Biel M. Beltram, Special Features Writer Before becoming an Uber driver full-time, Ismael Mamaril Villanueva spent 30 years working for the government at the Bureau of Customs. Tired of the negative publicity that had plagued the bureau since time immemorial, and his children having finished their education, he decided that a change of pace […] The post A day in the life of Uber and Grab drivers appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News3 hr. 0 min. ago Related News

Peso ends the week flat amid lack of leads

The peso moved sideways on Friday, April 20, generally unchanged from the previous day’s level due to lack of leads. The local unit ended the week at P52.095 versus the dollar, little changed from the P52.10 finish on Thursday. The peso opened at P52.16 versus the greenback, weaker than the previous day’s closing rate. It […] The post Peso ends the week flat amid lack of leads appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

PhilWeb revenues surge in first quarter

PhilWeb Corp. posted a first-quarter total revenues of P87.8 million, at least three times more than the P26.1 million recorded in the same quarter last year, the company told the stock exchange on Friday, April 20. In its disclosure, the company said the “positive results” were brought about by the approval by the Philippine Amusement and […] The post PhilWeb revenues surge in first quarter appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

SEC approves DoubleDragon’s P7.5-billion share offer

DoubleDragon Properties Corp. has received approval from the Securities and Exchange Commission (SEC) for its primary offer of up to 135 million common shares at P50 apiece, the company told the stock exchange on Friday, April 20. The offering will have an over-allotment option of up to 15 million common shares, indicating an aggregate amount […] The post SEC approves DoubleDragon’s P7.5-billion share offer appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

Groups file more evidence against Aquino over Dengvaxia controversy

The Volunteers Against Crime and Corruption (VACC) and the Vanguard of the Philippines Constitution, Inc. (VPCI) submitted to the Department of Justice (DoJ) on Friday, April 20, additional evidences supporting the Dengvaxia case against former President Benigno “Noynoy” Simeon C. Aquino III. The groups, in compliance to the DoJ prosecutors’ Order, also turned in the […] The post Groups file more evidence against Aquino over Dengvaxia controversy appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

DAR to assess parts of Boracay that can be subjected to land reform

Patches of agricultural land in Boracay with an estimated total of four hectares will be assessed by the Department of Agrarian Reform (DAR) ahead of the island closure. DAR secretary John R. Castriciones will hold an official investigation from April 24 to 25 to validate if the reported agricultural land can be subjected to land […] The post DAR to assess parts of Boracay that can be subjected to land reform appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

Peso flat in quiet trading amid lack of leads

THE peso was little changed on Friday, with market participants awaiting leads pending the release of key data. The peso ended the week at P52.095 , little changed from its P52.10 finish on Thursday. The peso opened weaker at P52.16 then touched a low of P52.17. It rebounded to a high of P52.09 against the […] The post Peso flat in quiet trading amid lack of leads appeared first on BusinessWorld......»»

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Business groups take stand to open jobs to K-to-12 graduates

By Camille A. Aguinaldo WITH 600,000 senior high school graduates expected to enter the workforce this year, business groups on Friday assured K-to-12 graduates that they would open employment positions for them amid concerns over the latter’s job readiness earlier raised by several employers. “We in the private sector therefore reaffirm our strong support for […] The post Business groups take stand to open jobs to K-to-12 graduates appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

PhilWeb Q1 revenue up sharply at P87.8-M after resuming operations

PHILWEB Corp. said first-quarter revenue hit P87.8 million, well over the P26.1 million booked a year earlier. In a disclosure to the stock exchange on Friday, the company also said its cash losses narrowed to P4.4 million from P45.4 million previously. The company said the “positive results” were brought about by the approval of the […] The post PhilWeb Q1 revenue up sharply at P87.8-M after resuming operations appeared first on BusinessWorld......»»

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Quo warranto petition also sought vs Associate Justice de Castro

A SUPPORTER of Chief Justice Maria Lourdes P.A. Sereno wrote Solicitor-General Jose C. Calida urging him to file a quo warranto petition against Supreme Court Associate Justice Teresita J. Leonardo-De Castro. In her letter, Ms. Jocelyn Marie F. Acosta invoked the same grounds cited by suspended lawyer Eligio Mallari in questioning Ms. Sereno’s appointment via […] The post Quo warranto petition also sought vs Associate Justice de Castro appeared first on BusinessWorld......»»

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Bargain hunt lifts bourse back above 7,700

THE Philippine Stock Exchange Index (PSEi) managed to crawl back above the 7,700 line on Friday amid bargain-hunting after falling to a one-year low the preceding day, even as it continued a trend of weekly losses. PSEi gained 44.48 points or 0.57% to close 7,726.72 on Friday, while the all-shares index added 21.64 points or […] The post Bargain hunt lifts bourse back above 7,700 appeared first on BusinessWorld......»»

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DENR orders 75 business owners to demolish illegal structures in Coron

By Patrizia Paola C. Marcelo, Reporter THE Department of Environment and Natural Resources (DENR) in a statement on Friday, April 20, said it has ordered 75 business owners to remove and self-demolish within 30 days their structures built on the waters and within the easement zones of Coron, Palawan. The agency said Task Force Coron […] The post DENR orders 75 business owners to demolish illegal structures in Coron appeared first on BusinessWorld......»»

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Roxas & Co land, resort units agree to merge

ROXAS and Co., Inc. said two subsidiaries approved their merger after the approval of their respective shareholders, the company told the stock exchange on Friday. The subsidiaries are Roxaco Land Corp. and Anya Hotels and Resorts Corp. (AHRC). The holding firm said Roxaco will be the surviving company. “The companies shall file the Application for […] The post Roxas & Co land, resort units agree to merge appeared first on BusinessWorld......»»

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Sanofi affirms ‘public health value’ of Dengvaxia following WHO meeting

SANOFI Pasteur on Friday issued a statement that sought to explain further its position on its Dengvaxia vaccine, following a meeting by the World Health Organization (WHO) which recommended extra safety measures for the vaccine’s application. According to a Reuters report, a two-day meeting in Geneva led in part by WHO’s Strategic Advisory Group of […] The post Sanofi affirms ‘public health value’ of Dengvaxia following WHO meeting appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

PNB raises $300M from medium-term note issue at 4.25%

THE Philippine National Bank (PNB) raised $300 million from the issue of medium-term notes, which met with strong demand from foreign investors, it said on Friday. In a disclosure, PNB said it issued $300 million in fixed-rate senior notes under the first tranche of the bank’s Euro medium term note (MTN) programme. “Proceeds of the […] The post PNB raises $300M from medium-term note issue at 4.25% appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

DAR to hold on-site evaluation of Boracay

AGRICULTURAL land in Boracay with an estimated total of four hectares will be assessed by the Department of Agrarian Reform (DAR) ahead of the island closure, the agency said in a press briefing on Friday, April 20. Agrarian Reform Undersecretary David D. Erro said on Friday Agrarian Reform Secretary John R. Castriciones will conduct an […] The post DAR to hold on-site evaluation of Boracay appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News

DoubleDragon share issue approved by SEC; to raise up to P7.5-B

DOUBLEDRAGON Properties Corp. has received approval from the Securities and Exchange Commission (SEC) for its primary offer of up to 135 million common shares at P50 each, the company told the stock exchange on Friday. The offering will have an over-allotment option of up to 15 million common shares, which means it can raise up […] The post DoubleDragon share issue approved by SEC; to raise up to P7.5-B appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News15 hr. 21 min. ago Related News