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SM Investments FY23 net income up 25% to P77-B

SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

‘All-out war’

EJ Obiena is faced with the greatest challenge of his life at the Paris Olympic pole vault event on Aug. 3 and 5. Since finishing below expectations in Tokyo, he has been relentlessly pursuing improvement, participating in two competitions in Croatia and Germany just this week, and the World Indoor Athletics Championshop second week of March. He is very clear about his motivation......»»

Category: sportsSource:  philstarRelated NewsFeb 23rd, 2024

‘Long ways to go’: Cone still sees room for improvement after Gilas rout

Coach Tim Cone sees both the good and the bad in Gilas Pilipinas' 30-point demolition of Hong Kong at the start of the FIBA Asia Cup Qualifiers.....»»

Category: newsSource:  rapplerRelated NewsFeb 23rd, 2024

Improvement sought in ‘very rotten’ budget process

Congress should exercise greater transparency in its budget process, according to Senate Minority Leader Aquilino Pimentel III, who called the process “very rotten.”.....»»

Category: newsSource:  philstarRelated NewsFeb 16th, 2024

Figaro income up in 6 months

Improvement in volume from store expansion and opening boosted the earnings of Figaro Coffee Group Inc. (FCG) in the first half of its current fiscal year......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

PH still among countries perceived to have corrupt governments

The Philippines remained among Asian countries perceived to have corrupt governments, but the “slight improvement” in the country’s ranking should be seen as “a challenge to do better and a reason for hope that the country is headed in the right direction,” according to a top Palace official. Executive Secretary Lucas Bersamin did not even.....»»

Category: newsSource:  inquirerRelated NewsFeb 4th, 2024

Palace on corruption index: Philippines in right direction

The slight improvement of the Philippines in the latest Corruption Perception Index of Transparency International shows that the country is headed in the right direction even as it serves as a continuing challenge to the Marcos administration to do better, Malacañang said on yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 2024

Ayala Group to put a little focus on cold storage logistics

Ayala Corp confirmed a report that quoted AC Chairman Jaime Zobel as saying that AC “can make a difference” by building cold storage facilities and developing a network of “cold transport” and “cold chain improvement structures”......»»

Category: financeSource:  philstarRelated NewsJan 23rd, 2024

Balai Ni Fruitas reallocates P50-M in IPO proceeds to complete commissary build

Balai Ni Fruitas said that its board approved a reallocation of its IPO proceeds, from “Store network expansion and store improvement”, to “Commissary set up”......»»

Category: financeSource:  philstarRelated NewsJan 23rd, 2024

Exports expected to gradually recover this year

The Philippines is expected to see an improvement in exports this year, but the recovery would be gradual, according to think tank Oxford Economics......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Upskilling and upscaling

The Philippine economy is showing signs of improvement, and it’s an encouraging trend......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

Packaging trade show to support MSME development efforts – DTI

The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Malacanang exec says gov’t still have funds for relief, rehab efforts

By Joann Santiago MANILA, Dec. 16 (PNA) — A Palace official on Wednesday said the government continues to have budgetary provisions to address needs of calamity victims. In a briefing, Presidential Communications........»»

Category: newsSource:  philippinestodaRelated NewsApr 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

Philippines aims to produce nearly 130,000 semiconductor talents by 2028

MANILA, March 11 (Xinhua) -- The Philippines is poised to produce a "robust talent pool" of 128,000 semiconductor professionals, including engineers and technicians, by 2028, the country's President Ferdinand Romualdez Marcos said Monday. The Philippines is "ready to meet the expanding needs of high-technology industries," Marcos said in his address during the courtesy call of the U.S. government and Presidentia.....»»

Category: newsSource:  philippinetimesRelated NewsMar 11th, 2024

Philippines aims to produce nearly 130,000 semiconductor talents by 2028

MANILA, March 11 (Xinhua) -- The Philippines is poised to produce a "robust talent pool" of 128,000 semiconductor professionals, including engineers and technicians, by 2028, the country's President Ferdinand Romualdez Marcos said Monday. The Philippines is "ready to meet the expanding needs of high-technology industries," Marcos said in his address during the courtesy call of the U.S. government and Presidentia.....»»

Category: newsSource:  manilanewsRelated NewsMar 11th, 2024

P250 billion needed to provide water for 40 million Pinoys

The government needs at least P250 billion to provide potable water and sanitation to at least 40 million Filipinos with no access yet to clean and safe drinking water, a ranking official of the Department of Environment and Natural Resources said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

Davao Oriental under state of calamity

The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

10th ID bashes Canadian gov’t for travel advisory vs Mindanao

The 10th Infantry Agila Division (10ID) of the Philippine Army criticized the Canadian government for issuing a travel advisory against all parts of Mindanao, which includes their area of responsibility. Major Mark Anthony Tito, spokesperson for the 10th ID, emphasized that the regions under their jurisdiction are peaceful and free from terrorism and violent threats, contrary to the Canadian embassy's advisory. The division oversees 12 provinces, seven cities, and 72 municipalities in various parts of Mindanao. Tito expressed bewilderment at the basis of the travel advisory, asserting that the Canadian government lacks awareness of the actual situation on the ground. He highlighted the peaceful nature of the entire Davao Region throughout 2023, with no recorded incidents of terrorism or insurgency. Despite the exclusion of Davao City from the advisory, Tito noted that the region would still be impacted. The Canadian embassy's advisory warned its citizens to avoid visiting Mindanao due to ongoing terrorism, civil unrest, kidnapping, high levels of violence, and encounters between rebel forces and government security authorities. Specific provinces and regions were singled out for caution or non-essential travel, including Northern Mindanao, Soccsksargen, and Eastern Mindanao. Contrary to the advisory, the 10th ID has been actively weakening and eliminating guerilla forces within its jurisdiction as part of the Philippine Army's efforts to establish an insurgency-free zone. In fact, on October 27, 2023, the Davao Region celebrated its first anniversary as an insurgency-free region in the Philippines. This dispute has led to other related stories, including the Chamber's intention to engage in discussions with the Canadian government regarding the travel advisory, as well as refutations from the Mindanao Development Authority (MinDA) and celebrations of the Davao Region's insurgency-free status by the Regional Peace and Order Council. In summary, the 10th ID vehemently opposes the Canadian government's travel advisory, citing the peaceful and secure nature of the regions under their jurisdiction, and highlighting the significant strides made in eradicating insurgency in the Davao Region......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024