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Lawmaker proposes gradual 3-year wage hike for private workers
A lawmaker on Wednesday proposed gradually increasing the minimum daily wage for private sector workers by P100 over three years. Manila Rep. Joel Chua believes this approach would be manageable for businesses still recovering from the pandemic. He emphasized the importance of balancing the interests of workers and businesses while implementing the wage hike. A.....»»
Why the Maritime Zones Act is the next crucial step for national sovereignty
As an archipelagic and maritime nation, the Philippines' waters are pivotal to its food and economic security and overall national interests......»»
More PCG, BFAR vessels to be deployed in West Philippine Sea
Manila has ordered increased deployment of Philippine Coast Guard and Bureau of Fisheries and Aquatic Resources vessels in Panatag Shoal in the West Philippine Sea, aimed mainly at protecting the country’s interests and fishermen in the area......»»
Beware of ‘love scams’ as Valentine’s Day nears — DILG
MANILA, Philippines — Interior and Local Government Secretary Benjamin Abalos Jr. on Tuesday warned Filipinos of possible love scams as Valentine’s Day approaches. In a Palace briefing, Abalos explained that these involve criminals studying the personal life and interests of their targets and appealing to them emotionally. “Iyong love scam, I don’t know if you’ve heard about.....»»
One Nation, United and Undivided
Statement from the Union of Local Authorities of the Philippines (ULAP) The Union of Local Authorities of the Philippines (ULAP), representing the collective interests of local government units and officials across the nation, steadfastly champions the principle of “One Nation, United, Undivided.” Our commitment is to foster unity and progress for all Filipinos, recognizing that […].....»»
China presses Iran to rein in Houthi attacks in Red Sea, sources say
"Basically, China says: 'If our interests are harmed in any way, it will impact our business with Tehran. So tell the Houthis to show restraint'," says an anonymous Iranian official who is a Reuters source.....»»
Root of poverty: Dynasties or economic restrictions?
“Government exists for the interests of the governed, not for the governors.” Did the US introduce democracy to the Philippines with that postulate of Thomas Jefferson?.....»»
Federalism advocate favors Con-Con as mode for Cha-Cha
ZAMBOANGA CITY (MindaNews / 20 January) — Changing the Constitution through a Constitutional Convention (Con-Con) composed of individuals who are not incumbent members of Congress will ensure the people’s involvement right from the start and the primacy of the nation’s development, not personal interests, in the minds of the delegates, an advocate of federalism said […].....»»
Dipolog bishop urges people not to sell signatures for people’s initiative
'A people’s initiative that does not genuinely come from the people themselves... only favor the interests of the powerful few,' says Dioscese of Dipolog Bishop Severo Caermare.....»»
Businessman sworn in as new SBMA chief
A businessman with interests in the Subic Bay Freeport Zone has been sworn in as new administrator of the Subic Bay Metropolitan Authority......»»
JG Summit income triples
Conglomerate JG Summit Holdings Inc. of the Gokongwei family saw a surge in its core profit in the first quarter following strong contributions of its food, real estate and air transport businesses, coupled with the gains realized from its bank merger......»»
Chinabank profit jumps 18 percent to P5.9 billion
The earnings of China Banking Corp. grew by 18 percent to P5.9 billion in the first quarter from P5 billion in the same period a year ago, driven by sustained expansion of its core business......»»
Apple introduces additional exemptions to EU core tech fee after developer backlash
Apple has announced changes to its fee structure for iOS developers in the European Union in response to the bloc’s Digital Markets Act (DMA). The.....»»
PNB books 10.4% growth in Q1 income
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»
Metro Retail Earns PHP618 Million in 2023; Continues Initiatives for Growth
For the full year 2023, Metro Retail Stores Group, Inc. (MRSGI) reported an aggregate net income of PhP618.0 million vs PhP917.3 million in 2022, a slippage of 32.6%. In terms of core net income which excludes one-time gains such as accounting adjustment on leases and insurance claims in 2022, the Company’s earnings were down only […].....»»
Lauv on new single, collabs with K-pop stars, ‘core memories’ in Philippines
Just like how he created his breakout hit I Like Me Better, American singer-songwriter Lauv has noted the parallelism between his newly dropped single Potential and his earlier song in terms of the vibe and the appro.....»»
Pioneering innovation in digital banking
Oradian, a core banking software provider for emerging markets, based in Makati, recently hosted an event that has set the financial sector buzzing with discussions on innovation and agility in digital banking......»»
BDO profit climbs to P18.5 billion in Q1
The net income of BDO Unibank Inc. rose by 12.2 percent to P18.5 billion in the first quarter from P16.5 billion in the same period last year on the back of sustained growth across its core businesses......»»
Hugpong expels members over ‘conflict’
The Hugpong ng Pagbabago has expelled some of its members, citing “conflict with core principles and policies.”.....»»
Vivant FY23 profit: P2.3-B (up 43%)
Vivant Corporation [VVT 14.32 unch; 0% avgVol] [link] teased an FY23 net income of P2.3 billion, up 43%, boosted by the recognition of P366 million in a one-time, non-core “management and technical contract”......»»