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SRA allots P66-M fund for El Niño mitigation measures
SRA allots P66-M fund for El Niño mitigation measures.....»»
Negros Occidental allots P2-M for energy development initiatives
Negros Occidental allots P2-M for energy development initiatives.....»»
Ayala Corp. is interested in selling LRT-1 stake to Villar Group
Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp. to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»
Villar’s PREIT utilizes IPO proceeds for energy projects
Billionaire Manuel Villar Jr.’s Premiere Island Power REIT Corp. has used up all of the proceeds it obtained from its initial public offering to bankroll energy projects in Luzon......»»
Villar pushes extension, higher budget for RCEF
Sen. Cynthia Villar wants to double the annual guaranteed allocation for the rice competitiveness enhancement fund to P20 billion as she seeks to extend the fund by another six years or until 2030......»»
BE Group’s vision unveiled
BE Group of Companies ushers in a new chapter with the inauguration of its new corporate office on the 15th floor of Mabuhay Tower in Cebu IT Park on January 24, 2024. The new corporate headquarters blends traditional Filipino design with sleek modern aesthetics and integrates innovative smart technology. Spanning more than 1,000 square meters,.....»»
Sales agent nabbed for 2 counts of rape in Liloan
CEBU CITY, Philippines — A sales agent, who was accused of two counts of rape, was arrested in Yati Liloan on Monday evening, January 29, 2024. The suspect was identified as Leonard Raya Villar, 36 years old, a resident of Barangay Labangon, Cebu City. Villar was considered the Top 8 Most Wanted Person (MWP) at.....»»
DigiPlus allots P100 million for corporate outreach
Listed retail gaming provider DigiPlus Interactive Corp. is raising five-fold its planned spending on various projects and initiatives that provide support to important causes through the BingoPlus Foundation......»»
Villar patriarch places 190 in Forbes Top 200 billionaires
Villar ranked 190 out of the 200 billionaires in the world in 2024 with a total net worth of $11.7 billion (P660,125,700,000) coming from $8 billion (P451,376,000,000) in 2023, according to Forbes magazine......»»
Villar: Biz groups just want ease of doing business
Instead of amending the 1987 Constitution, business groups want the government to focus on the effective implementation of the ease of doing business law and addressing the problem of corruption, Sen. Cynthia Villar said yesterday......»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
Austria leads Grumpy Joe to CJHGC Corporate Cup triumph
Jonar Austria recorded a consecutive 54 points to anchor Grumpy Joe to victory in Group 1 at the close of the 18th Corporate Cup at Camp John Hay Golf Club here Friday......»»
Three-peat seeking FH trails by 5 in Corporate Cup golf tourney
Jonar Austria fired 54 points, Oscar Gallo contributed 45 and Von Vargas added 42 as Grumpy Joe zoomed to a five-point lead over defending champion Forest Hills-Megafiber in Group 1 of the 18th Camp John Hay Corporate Cup......»»
Corporate Cup golf: BCM, Perfect Drive mount early leads
Karl Flores scored 46 points while Gerry Aguado and Arnel Panganiban added 44 and 42 to lift BCM Balayan to a commanding lead in Group 4 after the first round of the 18th Corporate Cup held at the Camp John Hay Golf Club......»»
ACEN issues corporate guarantee on subsidiary’s loans
ACEN Corp., the listed energy platform of the Ayala Group, has issued corporate guarantee in support of loans amounting to $320 million of subsidiary ACEN Cayman......»»
Top 5 Spots in Lapu-Lapu to celebrate Valentine’s Day
For most people, Valentine’s Day is all about grand gestures of expressing love. On this special day, couples explore unique places to create a memorable Valentine’s Day experience with their loved ones. While the island of Mactan is known for its world-class beach destinations, the island offers other destinations perfect for couples. This Valentine’s Day,.....»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake
Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»
AEBC Corporate Cup: Deo tows CBM Engineering past Davies Paints
CEBU CITY, Philippines — The CBM Engineering cruised to its second straight win behind Ivan Deo’s 30-point game against Davies Paints, 88-77, in the Architects and Engineers Basketball Club (AEBC) 7th Corporate Cup 2024 on Friday evening, March 22, at the University of San Carlos (USC) main campus gymnasium. Deo erupted for 30 points, and.....»»