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GOCC subsidies hit P229 billion from January to November 2020

Subsidies received by state-run corporations rose to P228.7 billion in the first 11 months of 2020, boosted by the government’s funding support for various coronavirus pandemic response programs, according to the Bureau of the Treasury......»»

Category: financeSource: philstar philstarJan 4th, 2021

GOCC subsidies reach P7.6 billion from January to February

Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2021

GOCC subsidies swell in 7 months

The government extended P187.5 billion in subsidies to state-run corporations from January to July, a sharp 189 percent increase from P64.99 billion in the same period last year, according to the Bureau of the Treasury......»»

Category: newsSource:  philstarRelated NewsAug 31st, 2020

GOCC subsidies drop to P24 billion in April

Subsidies extended by the national government to state-owned corporations reached P23.9 billion in April, lower than the funding support provided in the same period last year, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsJun 7th, 2021

GOCCs subsidies reach P230 billion in 2020

Subsidies extended by the national government to state-owned corporations reached a new record high of P230.418 billion in 2020 as funding support for various pandemic-response programs were ramped up, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2021

PPA extends financial aid to shipping companies amid ongoing pandemic

The Philippine Ports Authority (PPA) is extending financial support to domestic shipowners, badly hit by the coronavirus disease (COVID-19) pandemic. PPA General Manager Jay Daniel Santiago said that the aid will start on 28 January through subsidies for domestic dockage and lay-up fees of Philippine shipping owners. On 1 December 2020, the PPA also provided […] The post PPA extends financial aid to shipping companies amid ongoing pandemic appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 28th, 2021

Car, motorcycle production down from January to November 2020

Motor vehicle and motorcycle production, as well as sales in the Philippines, recorded a double-digit drop from January to November last year compared to a year ago on continued weak market demand due to the pandemic......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2021

BSP earnings down 14% to P34.5 billion

The Bangko Sentral ng Pilipinas reported a 14.3 percent decline in earnings to P34.5 billion from January to November last year compared to a year-ago level of P40.24 billion on the back of lower revenues and the net loss on foreign exchange rate fluctuations......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2021

BSP posts lower net income

The Bangko Sentral ng Pilipinas (BSP) posted lower profits as of end-November 2020 amid the decline in interest income year-on-year. Preliminary data from the BSP revealed its net income for the first 11 months of the year at P34.51 billion, a 16.60 percent decline from the P40.24 billion posted in the same period last year. […] The post BSP posts lower net income appeared first on Daily Tribune......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2021

As active cases rise, EOC to strictly monitor movement of public

CEBU CITY, Philippines — Cebu City is facing 552 active Coronavirus Disease 2019 (COVID-19) cases as of January 15, 2021, the first time it has reached such a number since November 2020. With this, the Emergency Operations Center (EOC) is planning to monitor more strictly the movement of people to avoid private gatherings. The EOC, […] The post As active cases rise, EOC to strictly monitor movement of public appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2021

High court to hold mock Bar exam

The Supreme Court will conduct mock Bar examinations involving 120 students divided in four testing sites on January 31, 2020 in preparation for the digitized Bar Examinations in November 2021......»»

Category: newsSource:  thestandardRelated NewsJan 9th, 2021

Landbank’s agri loans reach P232 billion as of November 2020

Government-owned Land Bank of the Philippines has lent some P232 billion to the agriculture sector as of end-November 2020......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

2,500 convicts released from various prisons

MANILA, Philippines — More than 2,500 convicts were released from state penitentiaries in the country from January to November of 2020, including over 1,200 prisoners who were acquitted for criminal offenses they were initially found guilty of committing, according to the Department of Justice (DOJ). Of this number, only one was freed by the Bureau […] The post 2,500 convicts released from various prisons appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 2nd, 2021

Dollar reserves reach $104.5 billion

The country’s dollar reserves or gross international reserves (GIR) already reached $104.51 billion as of end-November 2020, preliminary data from the Bangko Sentral ng Pilipinas (BSP) show. “The latest GIR level represents an adequate external liquidity buffer, which can help cushion the domestic economy against external shocks,” the BSP said. “This buffer is equivalent to […] The post Dollar reserves reach $104.5 billion appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 15th, 2020

Total Mineral Product Export Earnings Rise

January-October free-on-board receipts from Philippine outbound shipments of mineral products collectively surpassed the corresponding total in 2019, partly fueled by the nearly 1,193 percent increase in 2020 export earnings of iron ore agglomerates. The country’s mineral product receipts totaled USD4.22 billion in 2020 — about 5.3 percent higher than the USD4.01 billion these exports generated […].....»»

Category: newsSource:  metrocebuRelated NewsDec 14th, 2020

Central Visayas loses P35.5B in tourism revenue

CEBU CITY—Central Visayas has lost $713 million, or about P35.5 billion, in tourism revenue from foreign arrivals due to quarantine restrictions and border closures brought about by the coronavirus disease pandemic. Efren Carreon, regional director of the National Economic and Development Authority (Neda), said the amount of foregone income from January to June 2020 could […] The post Central Visayas loses P35.5B in tourism revenue appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2020

Philips Monitors Is Bringing You Christmas Cheers This Holiday

Philips Monitors is welcoming the Christmas season with this holiday promo. From November 25, 2020, to January 25, 2021, customers purchasing participating Philips Monitors products will be entitled to a FREE Philips RGB Mousepad with wireless charging! The promotion covers both online and in-store purchases. For online, customers may avail of the promotion when purchasing […].....»»

Category: newsSource:  metrocebuRelated NewsDec 6th, 2020

PEZA investments may breach P100 billion

PEZA investments may breach P100 billion Louella Desiderio (The Philippine Star) – November 24, 2020 – 12:00am MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) may exceed P100 billion this year with expected investments from both new and existing investors. “We might exceed more than P100 billion this year with all […].....»»

Category: newsSource:  balitaRelated NewsNov 24th, 2020

Philippine pro chess body bares plans for maiden tourney

Philippine pro chess body bares plans for maiden tourney Rick Olivares (Philstar.com) – November 23, 2020 – 1:04pm MANILA, Philippines – The Professional Chess Association of the Philippines (PCAP) is launching the first professional chess tournament in the world on January 15, 2021. PCAP was granted a professional license this past July 28, 2020 by […].....»»

Category: newsSource:  balitaRelated NewsNov 23rd, 2020

France aiming to start Covid vaccinations in January

Paris, France—France said Tuesday, November 17, 2020, it was preparing to kick off a nationwide Covid vaccination campaign in January when it hopes virus shots will be approved and available. The government is worried that millions of French people will refuse coronavirus shots, even after a vaccine was found to be nearly 95 percent effective […] The post France aiming to start Covid vaccinations in January appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsNov 17th, 2020

Ayala Corp. earnings down to P11.4 billion

Ayala Corp. earnings down to P11.4 billion Iris Gonzales (The Philippine Star) – November 13, 2020 – 12:00am MANILA, Philippines — Ayala Corp. reported a net income of P11.4 billion in the first nine months of the year, down 75 percent from the previous year. The country’s oldest conglomerate said the profit drop was due […].....»»

Category: newsSource:  balitaRelated NewsNov 13th, 2020