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MPTC prefers term extension over toll hike
To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»
Singapore bank hikes Philippines inflation forecast
DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»
PAL hikes capital to P30 billion
Flag carrier Philippine Airlines (PAL) has received regulatory approval to raise its capital stock to P30 billion to free up space for fresh investments from its parent unit......»»
Meralco cuts power rates in April
The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»
DMCI hikes capex to P59 billion this year
The DMCI Group of the Consunji family is raising its capital spending by nearly a quarter to P59.1 billion this year, with the majority of its businesses allocating higher investments to support their respective expansions......»»
Prioritizing job creation over wage hikes urged
Creating more jobs is a better way to improve lives than the proposed P350 minimum wage increase by the House of Representatives, according to Go Negosyo founder and Private Sector Advisory Council Jobs Lead Joey Concepcion. .....»»
AboitizPower hikes stake in STEAG
Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»
NCR retail prices rise at slowest pace in nearly 2 years
Retail prices of goods in Metro Manila in January posted its lowest growth rate in nearly two years due mainly to slower food price hikes, according to the Philippine Statistics Authority......»»
Del Monte dominates at home, hikes lead to 14 points
Del Monte put up an impressive performance on their home turf, assembling a 154 to seize a commanding 14-point lead over Canlubang in the second round of the PAL Seniors Interclub......»»
MGreen hikes stake in SPNEC
MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»
BSP chief: GDP grew at faster pace in Q4
Philippine economic growth picked up further in the final quarter of last year despite the aggressive rate hikes delivered by the central bank, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»
Nearly 50,000 UK businesses on verge of collapse - report
Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»
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......»»
EDITORIAL — From POGO to IGL
It looks like the government is finally preparing to phase out Philippine offshore gaming operator or POGO firms – by transforming them into so-called IGLs, or internet gaming licensees......»»
Foreign chambers seek approval of Konektadong Pinoy bill
Foreign business groups are urging the government to immediately approve the Konektadong Pinoy bill to expand internet access in the country......»»
NTC to telcos: Block Binance
The government has ordered internet service providers to prevent Filipinos from accessing cryptocurrency giant Binance......»»
PCCCII, Manila LGU, pledge aid for each other
THE new set of officials of the Philippine-China Chamber of Commerce Industry, Inc. (PCCCII) pledged their commitment to aid the city of Manila in whatever capacity possible, with Mayor Honey Lacuna reciprocating the gesture by also assuring them of help should they need it. The PCCI led by its new President Arian Hao, past President […].....»»
Filipino student suspended, left ‘homeless’ after joining pro-Palestine protest in the US
“The youth will never be ‘too young’ to speak their minds and truths. Student encampments have shown the capacity of the youth to lead communities on the basis of justice and peace." The post Filipino student suspended, left ‘homeless’ after joining pro-Palestine protest in the US appeared first on Bulatlat......»»
COMMENTARY | TikTok Shop: Leveling the playing field for Filipino entrepreneurs
Through TikTok Shop’s innovative platform that merges content and commerce into a seamless shopping experience, SMEs have the capacity to grow through a digital storefront that can showcase their products to a nationwide audience. .....»»
Philippines builds coast guard station in islands near Taiwan
MANILA - The Philippines has built a coastguard station in its northern islands near Taiwan, boosting its capacity to monitor an area where China has built up its military presence, National Security Adviser Eduardo Ano said on Friday.He said the new station less than 200 km (125 miles) from Taiwan, which China claims as its own territory, will improve Manila's ability to monitor the Luzon Strait, a vital intern.....»»