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GSIS taps Maya for payments
State-run pension fund Government Service Insurance System is expanding its payment channels through a partnership with digital bank Maya Bank Inc......»»
Low copper prices bring down Atlas Mining income by 65%
Earnings of Atlas Consolidated Mining and Development Corp. plunged by 65 percent to P1.12 billion in 2023 from P3.22 billion in 2022 due to lower global copper prices and payment of loans......»»
DOJ sues firm for tax evasion
The Department of Justice has filed criminal charges against a company for evading tax payment by using fake receipts......»»
Phoenix lacks the retained earnings to pay PNX4 and PNX3B divs
The PSE sought an update from Dennis Uy’s Phoenix Petroleum on the non-payment of dividends to shareholders of its PNX4 preferred shares and PNX3B preferred shares......»»
NEWS BRIEFS | 9 February 2024
Politics in Cagayan de Oro heats up CAGAYAN DE ORO (MindaNews / 9 February) – Politics started to heat up here this week after former Mayor Oscar Moreno slammed Mayor Rolando Uy for accusing him of non-payment for the use of the SEARSOLIN and Manresa dormitories during the COVID-19 pandemic. Moreno said the accusations were […].....»»
Way ChaCha: Women & Youth Against Charter Change
We, the women and youth of Davao City, strongly oppose changing the Philippine Constitution, especially in the manner that allegedly involves cash payment for every solicited signature......»»
FPRRD opposes disguised Charter change initiative
Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»
PMPI Issues Urgent Warning against Alleged Manipulation of People s Initiative for Constitutional Amendments
Philippine Misereor Partnership Inc. (PMPI) expresses alarm over reports that a campaign to amend our Constitution through the people's initiative has begun.Various accounts have alleged that payment or aid is being used to lure people to sign documents to push for the so-called charter change through a people's initiative. Worse, there are reports that local government officials have facilitated these alleged c.....»»
PMPI Issues Urgent Warning against Alleged Manipulation of People s Initiative for Constitutional Amendments
Philippine Misereor Partnership Inc. (PMPI) expresses alarm over reports that a campaign to amend our Constitution through the people's initiative has begun.Various accounts have alleged that payment or aid is being used to lure people to sign documents to push for the so-called charter change through a people's initiative. Worse, there are reports that local government officials have facilitated these alleged c.....»»
Real property and business owners may pay their dues while malling
MANILA Mayor Honey Lacuna said that the payment of real property and business permits can now be done on the side, while malling. The lady mayor said that owners of businesses and real properties in the city have the option of settling their dues in a shopping mall, apart from doing it online or within […].....»»
Web threats on Philippine firms triple; Smart warns vs fake cell towers
The Philippines sustained the third highest volume of online threats against businesses across six economies in Southeast Asia in 2023, prodding enterprises to improve their digital defenses......»»
Petron eyes growth for 4th straight year
Oil giant Petron Corp. is hoping to sustain its strong financial performance for the fourth consecutive year by taking advantage of the country’s economic recovery to hike its sales volume......»»
Philippines manufacturing output declines in March
MANILA, May 8 (Xinhua) -- Manufacturing production in the Philippines recorded a decline in March, reversing its growth momentum in the past months, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) decreased by 1.7 percent and 0.8 percent in March.....»»
Petron earnings grow 16 percent to P3.9 billion in Q1
The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume......»»
NAIA passenger traffic grows 12 percent to 12 million in Q1
Passenger volume at the Ninoy Aquino International Airport is slowly building up, growing by 12 percent in the first quarter as airlines mounted more flights......»»
EDITORIAL - Nobody died
Following a police inventory, the estimated volume and value of the confiscated shabu was brought down to 1,424 kilos worth P9.68 billion, from the original estimate of about 1,800 kilos valued at P13.3 billion......»»
Government urged to abolish MAV system
The government should consider abolishing the minimum access volume (MAV) system as the mechanism is prone to corruption and favors only few entities, a member of the central bank’s Monetary Board (MB) said......»»
NEDA cuts PHL additional rice import for 2016 by 25%
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant to boost........»»
Philippines manufacturing output sustains growth in February
MANILA, April 12 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in February, the Philippine Statistics Authority (PSA) said Friday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 7.5 percent and 8.9 percent in February, respectively. The.....»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»