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Metrobank sees BSP rate cuts in Q4
Metropolitan Bank & Trust Co. expects the Bangko Sentral ng Pilipinas (BSP) to start cutting interest rates in the fourth quarter and maintain a restrictive policy environment for the most part this year amid upside risks to inflation......»»
Mayor Cortes downplays charges filed against him for mangrove cutting
MANDAUE CITY, Philippines — Mandaue City Mayor Jonas Cortes has downplayed the cases filed against him, stating that they are unfounded and motivated by personal vendetta. Maria Priscilla Melendres filed charges against Cortes, city councilors, and two other city officials for oppression, gross misconduct, grave abuse of authority, and violations of anti-graft and corrupt practices,.....»»
Century-Strong UTCI (Uy Tit & Company Inc)Introduces DELI TOOLS
Executives from UTCI and DELI celebrate the inauguration of their partnership with a ribbon-cutting ceremony. Pictured from left to right: Marco Hu, Michelle L. Ong, Chairman of UTCI Mr. Francisco Uy, Melody Lau, and Luis Liu. UTCI (Uy Tit & Company Inc) celebrated a significant milestone with the grand launch of DELI Tools in the ….....»»
Capitol OKs cutting down Poro’s trees but…
CEBU CITY, Philippines — Despite calls from concerned residents and a parish church, the Cebu Provincial Government has given the go-signal to cut down trees that stood in the way for its road widening project in Poro, Camotes Island. However, instead of the initially estimated 700 trees, the provincial government and the assigned contractor have.....»»
Marcos approves return to old school calendar; SY 2024-2025 to end April 15
President Ferdinand Marcos Jr. on Tuesday approved a proposal for schools in basic education to end School Year 2024-2025 on April 15 as part of the government's gradual revert to the old academic calendar without cutting the required number of school days and resorting to Saturday classes......»»
200 trees cut down for Samal bridge project questioned
The groups Interfacing Development Interventions for Sustainability (IDIS) and the Sustainable Davao Movement (SDM) protest the cutting of trees as it is covered by the Davao City Heritage Trees Protection Ordinance. .....»»
Beyond weddings: Celebrations at the Marco 2024 embrace all milestones
Marking its 18th anniversary, Marco Polo Plaza Cebu hosts its signature event, “Celebrations at the Marco,” in the hotel’s majestic grand ballroom. This unique event brings together over 40 trusted event suppliers for a two-day extravaganza from May 18 to 19, 2024, offering a one-of-a-kind experience for all attendees. Departing from the traditional ribbon cutting,.....»»
BSP may cut big banks’ RRR to 5 percent
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts cutting interest rates this year, its top official said......»»
BSP keeps rates on hold as expected
The Bangko Sentral ng Pilipinas hit the pause button for the fifth straight policy meeting as it kept the benchmark interest rates steady yesterday, but it may start cutting borrowing costs as early as August if a sustained downtrend in inflation becomes fully evident......»»
‘Save Poro’s trees’: Parish church widens calls vs tree-cutting
CEBU CITY, Philippines — The parish church in Poro town, Camotes Island, in northern Cebu is not giving up on its fight to save hundreds of trees from being chopped down. The Sto. Niño de Poro Parish expanded its online petition, aimed at convincing the government not to cut down over 700 trees for road.....»»
Idis: Cutting down of 200 trees justified by ‘progress’
A DAVAO City-based environmental group was dismayed over the cutting down of around 200 trees in Lanang, Davao City to make way for the Samal Island-Davao City Connector (SIDC) Project......»»
Project delays prune Converge’s 2024 capex
Broadband provider Converge ICT Solutions Inc. is cutting down its spending guidance for the year to between P12 billion and P14 billion as a result of delays in some of its projects......»»
New Car District showroom opens to address demand for local and imported cars
In response to the rising demand for premium brand-new and pre-owned cars, Car District opens its showroom along M.L. Quezon Street, Casuntingan, Mandaue City, Cebu, curating a collection of foreign and local car brands for its discerning clientele. The ceremonial ribbon-cutting for the opening of the new Car District showroom was led by Jonas Dy.....»»
LBC back to profit on cost cutting
Logistics courier LBC Express Holdings Inc. booked a profit of nearly P200 million in 2023, as it slashed business costs to offset the decrease in revenue......»»
Saving Money Amidst Rising Prices
Saving money while prices are on the rise can be difficult, especially when the costs of basic commodities such as food, water, and electricity are also increasing. It’s easy to say that cutting back on purchases will help us save, but in reality, it’s not always viable. In such bad situations, how can we maintain […].....»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
BSP urged: Ensure out-of-the-woods inflation before cutting interest rates
Monetary authorities must ensure that inflation is finally out of the woods before any move to ease policy rates, state-run Land Bank of the Philippines said......»»
Low subsidy forces LRTA to cut budget for train rehab
The Light Rail Transit Authority is cutting its budget for the restoration of trains to make the most of the lower subsidy given to the agency this year......»»
JetBlue is cutting unprofitable routes and leaving 5 cities
JetBlue Airways is making significant changes to its route network in response to a failed bid for Spirit Airlines. The airline has announced that it.....»»
Chan questions resumption of vessel dismantling works in Punta Engaño
LAPU-LAPU CITY, Cebu – The cease and desist order (CDO) that Lapu-Lapu City Mayor Junard Chan issued against the dismantling of a ship that got stuck on the shores of Sitio Jansen in Barangay Punta Engano has not been lifted. Chan issued the clarification following reports that cutting works to dismantle the ship has resumed......»»