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MerryMart hikes 2030 sales target to P150 billion
MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»
IMF hikes Philippines 2024 growth target
The International Monetary Fund upgraded its 2024 economic growth forecast for the Philippines amid the stronger rebound in investments and exports......»»
Gasoline, diesel prices seen to go up next week
Another round of price hikes for gasoline and diesel may be implemented by local oil companies next week......»»
Nine SKUs post price hike in latest SRP bulletin
Nine stock keeping units have recorded price hikes in the most recent suggested retail price bulletin for basic necessities and prime commodities, according to the Department of Trade and Industry......»»
Telco licensing needs to be reformed – study
The government has to revamp the licensing system for connectivity providers as an initial step to bringing down the cost of internet as well as improving accessibility and reliability, according to a study......»»
Advocates call for climate emergency in Mindanao
PMCJ urged the local governments in Mindanao to strengthen the capacity of localities to deal with the impacts of climate change, provide adequate shelter to displaced communities, and review current disaster prevention and response programs......»»
DOE orders creation of nuclear energy body
The Department of Energy will soon create a committee dedicated to achieving a 2,400-megawatt nuclear power capacity for the country by 2032......»»
Better data, resource valuation needed for Southeast Asian wetlands — ACB
Wetlands, such as rivers, lakes, peatlands, marshes, mangrove forests, seagrass meadows, mudflats, and shallow coral reefs, are considered the "kidneys of the Earth" because of their capacity to purify the soil and provide drinking water to communities......»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
Malaysian airline Capital A records load factor of 88 pct in FY2023
KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysian airline group Capital A, formerly AirAsia, has achieved a robust group load factor of 88 percent for the fiscal year of 2023, a year-on-year increase of 5 percentage points. Capital A said in a statement on Wednesday that the load factor showed the return of strong travel demand, which was aligned with the group's effort to inject capacity back into the market and rein.....»»
Motorists prepare for new rates as NLEX hikes up toll fees this summer
Planning a trip out of town this June? Motorists are expected to top up their Radio Frequency Identification tags as the North Luzon Expressway Corp. has recently increased its toll rates on June 4......»»
Senator urges improved toll road services before approving rate hikes
Last week, the TRB approved the collection of the second tranche of toll increase for the North Luzon Expressway (NLEX). The collection of the new toll rates will start on June 4. .....»»
First Gen hikes 2024 capex to $1.27 billion
The Lopez Group’s First Gen Corp. is almost tripling its capital expenditure (capex) budget to $1.27 billion this year as it continues to beef up its renewable energy (RE) and natural gas portfolio......»»
Mixed movement at the pumps seen next week
Mixed price adjustments in pump prices are expected next week following price hikes across all oil products last week......»»
Residential electricity rates up by P0.86/kWh for May-June billing
Residential customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market (WESM) in April brought about by power supply concerns in the Visayas Grid. As a result, the overall residential electricity rate.....»»
ERC urged to defer power rate hikes
It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»
‘Bring CA ruling on power rate hikes to SC’
An official of the House of Representatives called on the Energy Regulatory Commission (ERC) to elevate to the Supreme Court (SC) a December 2023 Court of Appeals (CA) ruling that could pave the way for higher power rates to the detriment of consumers. .....»»
NFA hikes local palay procurement
State-run National Food Authority purchased over 2,000 metric tons of palay or unmilled rice in March, more than triple than what it bought in February, but remained below its procurement target......»»
DOLE assures workers of pay hike after wage review
Following President Marcos’ order for a review of minimum wage rates nationwide, the Department of Labor and Employment yesterday assured workers that pay hikes are coming soon......»»
PhilHealth hikes benefit package for heatstroke
The state health insurer’s heatstroke benefit package has been raised to P8,450 from P6,500 – a 30 percent increase......»»