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Taiwan s Navy Chief to Visit US Next Week, Sources Say
Taiwan's navy chief, Tang Hua, will visit the United States next week to attend a military ceremony and discuss how to boost bilateral naval cooperation as China raises threats toward the island, six people briefed on the trip said.While Taiwan and the United States have a close relationship, it is unofficial, as Washington formally recognizes China, not the democratically governed island that Beijing claims as.....»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
Aboitiz Group raises 2024 capex
The Aboitiz Group is poised to expand its various business units this year, supported by a substantial increase in capital expenditures......»»
BPI raises $400 million from offshore debt market
Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»
BuCor raises P.5 million for student feeding program
The Bureau of Corrections (BuCor) has raised P500,000 through a shoot fest to support a feeding program for over 100 severely underweight and malnourished students at Itaas Elementary School (IES) in Muntinlupa City......»»
PAGASA raises La Niña alert
Saying El Niño has shown signs of weakening, the Philippine Atmospheric, Geophysical and Astronomical Services Administration raised a La Niña watch yesterday......»»
Soldier s mysterious death in Pagadian City raises concerns
Police investigators are still trying to make sense of how a soldier returning to their camp from somewhere mysteriously died along a highway in Barangay Baloybuan in Pagadian City, his body and motorcycle found about three meters apart along the route early Monday......»»
Special report: Rice fund raises stakes for farmers
Five years ago, lawmakers and government officials made a promise of a lifetime: the country’s rice farmers would be competitive at long last......»»
ICTSI on expansion mode; raises capex to $450 million
International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»
Mober raises $2 million in seed funding
Logistics services provider Mober is accelerating the integration of electric vehicles into its fleet after securing $2 million in seed funding......»»
BCCP raises concerns over plans to curb meat imports
The British Chamber of Commerce Philippines expressed concerns on the agriculture department’s plan to temporarily suspend the minimum access volume on corn and pork......»»
AbaCore raises P200 million from asset sale
Listed holding company AbaCore Capital Holdings Inc. has raised P200 million from the sale of another Batangas property......»»
DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
UNCTAD raises alarm over global trade disruptions
The United Nations Conference on Trade and Development is sounding the alarm about the increasing disruptions in global trade, attributed to escalating geopolitical tensions and the impact of climate change on vital trade routes around the world......»»
Ayala Corp. raises P6 million from tACbo
Ayala Corp., through Ayala Foundation, raised P6 million from a running event it organized as part of its 190th anniversary......»»
House committee raises doubts about US Navy’s Indo-Pacific logistics
The US embassy in the Philippines said on January 11 that the US delivered fuel from Hawaii to Subic Bay, a former US Navy base that is not currently one of the sites Manila has agreed to give US military access.....»»
'tACbo raises PhP6 million for Ayala Foundation’s education programs
MANILA – Runners, fitness enthusiasts, and education advocates banded together to raise at least PhP6 million for Ayala Foundation’s education programs as they participated in tACbo, the biggest running event in Metro Manila this January. Organized by Ayala Corporation to kick off its 190th anniversary, tACbo attracted as many as 6,000 participants in 21K, 10K, […].....»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»
PEZA investment approvals down 23% to P37 billion in January-May
Investments approved by the Philippine Economic Zone Authority declined by 23 percent to P36.83 billion from January to May compared to last year’s P48.03 billion......»»
Government loses P25 billion revenues from illicit cigarette trade
The Bureau of Internal Revenue said revenue losses from the illicit cigarette trade stood at P25.5 billion in 2023 and P6.6 billion as of April this year......»»