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Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
T-bill rates climb ahead of BSP meet
The government upsized its sale of short-term securities yesterday to P17 billion, even after rates picked up ahead of the policy decision of the Bangko Sentral ng Pilipinas this week......»»
P17.8 billion impact from FIBA World Cup
The numbers generated by the Philippines’ hosting of the 2023 FIBA World Cup are staggering and in his remarks during the SMC-PSA Annual Awards Night at the Manila Diamond Hotel last Monday, SBP president Al Panlilio said bringing the event back to the country after 45 years was “the beginning of many more good things to come for Philippine basketball.”.....»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»
DavNor vice guv denies involvement in ayuda scam
The Vice Governor of Davao del Norte has denied any involvement in the alleged ayuda scam following claims made during a Senate hearing chaired by Senator Ronald Bato Dela Rosa. The hearing revealed that public officials in Davao de Oro and Davao del Norte were linked to illegally using cash assistance from the Department of Social Welfare and Development (DSWD) and funds from the Department of Labor and Employment (DOLE) for political campaigns. Vice Governor De Carlo Oyo Uy refuted the allegations, stating that there is no truth to the claims. In response, Governor Edwin Kuya Gov Jubahib emphasized that he was protecting the welfare of his constituents and the country's budget. He called for the punishment of those involved. The governor had previously requested an investigation into the ayuda scam after individuals in the provinces received less than the intended assistance. The vice governor announced plans for a separate investigation to clear his name and clarified that the DSWD is solely responsible for the identification, assessment, validation, and distribution of cash assistance to beneficiaries......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Spotify Mulling to Raise Subscription Prices Again
Music streaming giant Spotify plans to increase its Premium subscription prices by USD1.00 to USD 2.00 in the United Kingdom, Australia, Pakistan, and two other countries by the end of April This comes as Bloomberg reported the possible increase, with a price increase in the US expected to follow later this year. The latest price […].....»»
Residential electricity rates up by P0.19/kWh for Jan-Feb billing
Visayan Electric residential consumers will experience an increase of P0.19/kWh for their January-February billing. The hike is caused by the increase in generation rates at the Wholesale Electricity Spot Market (WESM) and the transmission charges of the National Grid Corporation of the Philippines (NGCP). The increase brings the average residential electricity rate from P11.43/kWh last.....»»
Davao electricity rates rise due to El Niño
RESIDENTIAL consumers of Davao Light and Power Co., Inc. (Davao Light) will see a slight increase of P1.6254 per kilowatt hour (kWh) in the overall power rate for the period of May 11 to June 10, 2024, bringing it to 10.7608 per kWh from last April's P9.1354 per kWh......»»
P3-M damage reported in school building fire
The Davao City Police Office (DCPO) reported a devastating fire at F. Bustamante National High School in Tibungco, Davao City, on January 14, causing an estimated P3 million in damages. The fire affected 14 rooms, with nine being totally damaged and one partially damaged. The Bureau of Fire Protection-Davao (BFP-Davao) struggled to contain the blaze, which lasted for two hours. Fortunately, there were no reported casualties or houses affected despite the school's proximity to a residential area. Investigations into the cause of the fire are ongoing. This incident adds to a series of school fires in the region, with three state-owned schools destroyed in 2023. The BFP-Davao and Team Davao Rescue have responded to over 15 fire incidents in the first and second weeks of January 2024, indicating a significant increase compared to the same period in 2023......»»
Romualdez pinakikilos mga gov’t agency sa baha
Kakausapin ni Speaker Ferdinand Martin Romualdez ang mga miyembro ng Gabinete ni Pangulong Bongbong Marcos upang paghandaan ang posibleng pagbaha sa Metro Manila at iba pang panig ng bansa kaugnay ng paparating na La Niña. The post Romualdez pinakikilos mga gov’t agency sa baha first appeared on Abante......»»
Rights group highlights PH gov’t failure in stopping drug-related killings
Continuing killings, repression, and the prevailing impunity in the Philippines are among the key findings reported by human rights group Amnesty International (AI)-Philippines. The post Rights group highlights PH gov’t failure in stopping drug-related killings appeared first on Bulatlat......»»
DENR leads Earth Day cleanup at gov t center
DENR leads Earth Day cleanup at gov t center.....»»
‘P20 per kilo of rice possible if gov’t aggressive in subsidizing farmers’
‘P20 per kilo of rice possible if gov’t aggressive in subsidizing farmers’.....»»
Solo parents receive assistance from gov t
Solo parents receive assistance from gov t.....»»
Esmi ng ex-gov’t exec inalila mall staff
Mistulang ginawang kasambahay ng asawa ng dating government official ang isang staff ng department store nang mag-shopping ito ng kanyang mga gamit. The post Esmi ng ex-gov’t exec inalila mall staff first appeared on Abante......»»
Bersamin tinukuran suspensiyon vs Davao del Norte gov
Itinanggi ni Executive Secretary Lucas Bersamin na hindi binigyan ng due process si Davao del Norte Governor Edwin Jubahib bago ito pinatawan ng suspensiyon. The post Bersamin tinukuran suspensiyon vs Davao del Norte gov first appeared on Abante......»»
Marcos bans gov’t officials from using sirens, blinkers
Marcos bans gov’t officials from using sirens, blinkers.....»»
Davao del Norte gov sinuspinde ng Palasyo
Sinuspinde ng Office of the President si Davao del Norte Gov. Edwin Jubahib dahil sa reklamo ng grave abuse of authority at oppression. The post Davao del Norte gov sinuspinde ng Palasyo first appeared on Abante......»»
Angeles City gov t to plant 50K seedlings in watershed
Angeles City gov t to plant 50K seedlings in watershed.....»»