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$247 million hot money exits Philippines in 2023

A total of $247.3 million worth of speculative funds exited the Philippines last year, reversing the $886.7 million net inflow recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

ERC suspends reserve market settlement

The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

Converge tops broadband speed in 2023

Broadband provider Converge ICT Solutions Inc. snapped the five-year streak of PLDT Inc. as the operator to beat in the Philippines as it claimed the top spot in 2023 for turning in the fastest internet speed......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Power reserve market starts full commercial operations

The Independent Electricity Market Operator of the Philippines commenced yesterday the full commercial operations of the reserve market, a development seen as a significant step forward for the energy sector......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

2.4M Dabawenyos working as of Oct 2023

The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

PAL to rent aircraft from European carrier

Flag carrier Philippine Airlines is looking to enter into a lease agreement with a European operator to boost its fleet in the heat of supply chain disruptions that are causing delays in aircraft deliveries......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2024

Lack of RFID balance causing traffic – SMC

The operator of the Skyway System and NAIA Expressway (NAIAx) is asking motorists to load up their RFID accounts to avoid causing delays in the toll gates that add up to traffic congestion......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

‘Central Luzon airports can co-exist’

Will the Clark International Airport manage to survive and thrive once the largest gateway in the Philippines located in nearby Bulacan is built? Its operator believes that yes, it will persist......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

‘After narco politics comes POGO-politics?’

Sen. Sherwin Gatchalian yesterday warned against the possible emergence of “POGO-politics” following the recent raid on a Philippine offshore gaming operator in Bamban, Tarlac......»»

Category: newsSource:  philstarRelated NewsMay 10th, 2024

Cavitex operator files raps vs OIC of PEATC

he Cavitex Infrastructure Corp. has filed a criminal complaint against Dioscoro Esteban Jr., officer-in-charge of the state-owned firm PEA Tollway Corp. over the alleged unauthorized filing of a petition seeking to remove CIC’s right to manage and operate the Manila-Cavite Expressway......»»

Category: newsSource:  philstarRelated NewsMay 9th, 2024

Megaworld’s Mactan Expo Center Set to be Completed in 2025, Ready for Big International Summits

Taking pride as the country’s largest hotel developer and operator today, property giant Megaworld has started the construction of the P1.5-billion Mactan Expo Center, which is scheduled for completion by next year. This modern state-of-the-art convention facility, which has a seating capacity of almost 3,000 for theater-style set-up, will be Cebu’s first and only standalone […].....»»

Category: newsSource:  metrocebuRelated NewsMay 3rd, 2024

Tourists transfer to Cordova as Lapu-Lapu City imposes environmental fee

LAPU-LAPU CITY, Cebu — Several local and foreign tourists who had booked island hopping tours in Lapu-Lapu City decided to transfer to Cordova town on Wednesday, May 1, 2024, reportedly to avoid paying the P100 environmental fee implemented starting that day. According to Mark Ramirez, a pump boat operator, around four of their bookings from.....»»

Category: newsSource:  inquirerRelated NewsMay 1st, 2024

OceanaGold Philippines all set for stock market debut

OceanaGold (Philippines) Inc., the operator of Didipio gold and copper mine in Nueva Vizcaya, hurdled the final regulatory clearance for its initial public offering, paving the way for its market debut on May 13......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Dito ends Smart’s streak as Philippines fastest operator

Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

OceanaGold IPO price set

OceanaGold Inc. , the operator of Didipio gold and copper mine in Nueva Vizcaya, pegged its initial public offering price at P13.33 per share, more than a fifth lower than its earlier announced maximum price of P17.28 per share......»»

Category: financeSource:  philstarRelated NewsApr 24th, 2024

Paulo Avelino goes viral as elevator operator for a day

Kapamilya actor Paulo Avelino surprised mallgoers as he posed as an elevator assistant in a mall recently......»»

Category: entertainmentSource:  philstarRelated NewsApr 23rd, 2024

Balai acquires Sugarhouse

Listed bakery operator Balai ni Fruitas Inc. is beefing up its portfolio with the addition of the 40-year-old legacy brand Sugarhouse......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

Fruitas earnings soar in 2023

Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

ATI to spend P2.7 billion for ports upgrade

The operator of some of the largest ports in the Philippines is increasing its capital expenditures to P2.7 billion this year, seeing the need to expand its capacity as trade recovers here and abroad......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

‘GOCC suing Cavitex operator lacks authority’

The Metro Pacific Tollways Corp. has scored a state-owned firm for dragging one of its units to court without going through the proper authority in lodging a complaint......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024