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Landmark power joint venture to cost $3.3 billion

Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024
Category: sportsSource:  philstarRelated NewsMar 24th, 2024

BSP onboards 1st nonbank electronic money issuer

The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

North Korea resumes missile tests, raising tensions with its rivals after their military drills end

North Korea resumes missile tests, raising tensions with its rivals after their military drills end.....»»

Category: newsSource:  sunstarRelated NewsMar 18th, 2024

North Korea’s leader says he has no desire for talks with South Korean gov’t

North Korea’s leader says he has no desire for talks with South Korean gov’t.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

Cebu bus terminals: 100,000 passengers expected on March 27

CEBU CITY, Philippines — At least 100,000 passengers are expected to flock to two of the biggest bus terminals here in Cebu for the Holy Week this year. As early as 7 a.m. on Holy Wednesday, dozens already queued for buses at the Cebu North Bus Terminal (CNBT) in the North Reclamation Area. READ MORE:.....»»

Category: newsSource:  inquirerRelated NewsMar 27th, 2024

Philippines to sign 5-year rice deal with Vietnam

The Philippines is expected to forge a five-year rice deal with Vietnam during President Marcos’ state visit later this month to ensure stable supply even during calamities, Agriculture Secretary Francisco Tiu Laurel Jr. said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

Russia blocks renewal of UN panel monitoring North Korea sanction compliance

At the United Nations, a recent vote on renewing a panel of experts monitoring North Korea’s compliance with international sanctions has caused tension among member.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 29th, 2024

Authorities verifying 13 dead in North Cotabato road mishap

Authorities are still verifying the 13 fatalities in a vehicular accident involving a passenger van that collided with a dump truck along the National Highway in Barangay Luhong, Antipas, around 12:15 p.m. in North Cotabato on March 25, 2024......»»

Category: newsSource:  sunstarRelated NewsMar 25th, 2024

CNPF to expand capacity after new deal with Vita Coco

Century Pacific Food Inc., the Po family’s listed food and beverage firm, is poised to invest $40 million to expand its capacity after securing a fresh long-term contract with US-headquartered The Vita Coco Co. Inc......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Philippines, Vietnam ink 5-year rice supply deal

The Philippines signed on Tuesday a five-year deal with Vietnam to ensure steady supply of affordable rice to the country as global prices of the staple continue to surge......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

Huge crowds await a total solar eclipse in North America. Clouds may spoil the view

Huge crowds await a total solar eclipse in North America. Clouds may spoil the view.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Huge crowds await a total solar eclipse in North America. Clouds may spoil the view

Huge crowds await a total solar eclipse in North America. Clouds may spoil the view.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

USC NABC Finals unwraps on Sunday

CEBU CITY, Philippines — The much-awaited finals of the “The Last Dance” North Alumni Basketball Club (NABC) Congressman Bingo Bagtik Matugas Cup of the University of San Carlos (USC) will fire off this weekend at the USC North Campus gymnasium. Four of NABC’s divisions will clash in the finals to determine the champions for this.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2024

North Korea resumes missile tests

North Korea resumes missile tests.....»»

Category: newsSource:  sunstarRelated NewsMar 18th, 2024

Naval Reserve Command eyes mobilization center in north Negros

Naval Reserve Command eyes mobilization center in north Negros.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

Modern hub to rise in north

Modern hub to rise in north.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

North Cotabato authorities vow to end risky ‘waswas’ drag race

COTABATO CITY (MindaNews / 28 February) – Following the horrific illegal drag racing accident at a national highway that killed the rider and an innocent passerby, the provincial government of North Cotabato vowed to end the dangerous motorcycle race, locally called “waswas” and often involving the youth. Former Board Member Shirlyn “Neneng”  Macasarte, who represented the […].....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

3 killed, 14 injured as van blows tire on Philippines highway

MANILA, Feb. 11 (Xinhua) -- A van blew a tire on a highway in Pangasinan province, north of Manila, and crashed into a roadside barrier, killing three people and injuring 14 others, police said Sunday. Police said the van was traveling north to a Roman Catholic Church in Manaoag town when the accident happened around 9 a.m. local time (0100 GMT) Saturday in Rosales, a town in Pangasinan. The passengers, a.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 11th, 2024

North Korea says leader Kim supervised tests of cruise missiles designed to be fired from submarines

North Korea says leader Kim supervised tests of cruise missiles designed to be fired from submarines.....»»

Category: sportsSource:  abscbnRelated NewsJan 29th, 2024