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Filinvest cleared to sell P10 billion fixed bonds
Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»
DTI warns vs buying mystery parcels
The public should be careful in in buying mystery parcels or boxes as they may be held liable for violating the anti-fencing law for buying illegally obtained items, the Department of Trade and Industry said yesterday......»»
Audit of P10.3 billion free tuition fund sought
A lawmaker has sought an audit of the P10.3-billion budget for free tuition and living allowance of poor students in state universities and colleges and private higher education institution......»»
PIDS: LGUs losing P10 billion from single power outage
Local governments are estimated to suffer over P10 billion worth of losses from a single electricity supply interruption, affecting the delivery of public services, according to the Philippine Institute for Development Studies......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Filinvest raises P10 billion from new bond offer
Filinvest Development Corp. has raised P10 billion from the first tranche of its bond offering under shelf registration......»»
‘Probe past NFA admins’ billion-peso palay sales’
Farmers’ group Federation of Free Farmers national manager Raul Montemayor asked Agriculture Secretary Francisco Tiu Laurel Jr. to include in the ongoing probe on the National Food Authority (NFA)’s questionable rice sale to some traders the alleged billions of pesos worth of fresh palay sold during previous administrations......»»
PH’s BOI grants green lane endorsement for P10.85-B wind project in Laguna
The project, with an investment cost of P10.85 billion, is set to start its commercial operations by 2026 and is expected to generate at least 30 direct and 500 indirect employment for Filipinos......»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
Solve vote-buying problem first, Comelec told
Instead of granting the Commission on Elections additional powers that could regulate candidates’ use of social media, the Comelec should focus on addressing the perennial problem of vote-buying first, Lanao del Norte Rep. Khalid Dimaporo said Wednesday......»»
DA slashes palay output target to 20.4 million tons
The Department of Agriculture slashed its palay production target for the year to 20.4 million metric tons after taking into consideration the impact of El Niño on domestic farms......»»
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......»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
Bumper harvest of palay seen in Q1
Despite threats of El Niño, the country’s palay output in the first quarter likely inched up year-on-year to over 4.8 million metric tons on the back of higher yield......»»
‘Palay, rice prices to decline as harvest season peaks’
Palay and rice prices are expected to continue going down with the peak harvest season, according to farmers’ group Federation of Free Farmers......»»
DA: Palay production hit 20.06 million MT in 2023
Palay production hit a record high of 20.06 million metric tons in 2023, according to the Department of Agriculture......»»
House OKs bill revoking franchise of SMNI on final reading
The House Bill which seek to revoke the franchise of Sonshine Media Network International has received 284 yes notes from the members of the House of Representatives......»»
ERC OKs limited use of LNG for Meralco, FGEN
The Energy Regulatory Commission has allowed First Gas Power Corp. and FPG Corp. to use liquefied natural gas as an alternative fuel supply source for the Sta. Rita and San Lorenzo gas plants “in the case of the occurrence of a fuel supply force majeure event.”.....»»
Mandaue council oks new traffic scheme
Mandaue council oks new traffic scheme.....»»