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Landbank-DBP merger not pushing through – Recto
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor......»»
Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
Globe gets P1.5 billion from tower sale
Wireless giant Globe Telecom has received P1.5 billion from its tower sale with PhilTower Consortium Inc., pumping in additional cash to pay for capital expenditures and maturing debts......»»
SSS savings scheme hits P80 billion
The savings scheme of state-run pension fund Social Security System has collected P80 billion from six million members who are looking for additional investment channels......»»
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......»»
MFC Cebu highlights program via wins in SHS-AdC Football Cup
CEBU CITY, Philippines– The Makati Football Club Cebu (MFC Cebu) bagged three titles in the SHS-Ateneo de Cebu Magis Eagles 6th Football Cup over the weekend in the younger age groups. MFC Cebu topped the under-6, under-8, and under-10 divisions under head coach Ref Cuaresma and assistant coach Ayn Quidlat, Emman Donkor, June Taneo, Daniel.....»»
ACEN spending P8.7 billion for Zambales solar farm
Ayala-led ACEN Corp. is injecting an additional investment of P8.7 billion into a wholly owned subsidiary for the construction of its second-biggest solar farm in Zambales......»»
Alternergy eyes P8.3 billion to fund projects
Renewable power producer Alternergy Holdings Corp. is beefing up its war chest with planned additional project financing of P8.3 billion, set to be completed before the year ends......»»
Unprogrammed appropriations boosted 2023 budget by P374 billion
The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations......»»
Jollibee plans to sell up to P8-B in preferred shares
Jollibee announced its plan to sell an additional 5 million to 8 million preferred shares at P1000/share, in a follow-on offering to raise between P5 billion and P8 billion......»»
BPI lends fresh P7 billion to Home Credit Philippines
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender......»»
Grievance system in 4Ps needs improvement – PIDS
The government needs to enhance the capability of staff in handling complaints and concerns of beneficiaries of the Pantawid Pamilyang Pilipino Program, as well as improve data management for better implementation of the conditional cash transfer program, according to the Philippine Institute for Development Studies......»»
LGUs tapped for faster distribution of seniors’ cash aid
LGUs tapped for faster distribution of seniors’ cash aid.....»»
Gaza health authorities say Israeli fire kills 104 waiting for aid
A spokesperson for Israel's military said there was no knowledge of shelling at that location. The military later said dozens of people were hurt as a result of pushing and trampling when aid trucks arrived in northern Gaza......»»
27 rebel returnees get educational, financial aid; Tongson joins call for remaining defactors surrender
27 rebel returnees get educational, financial aid; Tongson joins call for remaining defactors surrender.....»»
City vows legal aid for Hipodromo residents
City vows legal aid for Hipodromo residents.....»»
Davao lawmakers thank President Marcos, Romualdez for aiding flood victims
Lawmakers from Davao have thanked President Marcos and Speaker Martin Romualdez for continuously sending aid to flood victims in the region, including the endorsement of P150 million in cash aid and 51,000 food packs......»»
Wegotmail: PMPI urges ceasefire in Gaza, backs int l call for peace, humanitarian aid
Wegotmail: PMPI urges ceasefire in Gaza, backs int l call for peace, humanitarian aid.....»»
Canada gives Philippines P1.1 billion aid for climate, healthcare efforts
Canada has announced some P1.1 billion in development assistance for the Philippines to support the latter’s efforts in climate adaptation, resilience against natural disasters and improved health care services......»»
Not in aid for election
The well-intentioned ayuda of the government that targets to tide over inflation-impacted middle income families will remain under a cloud of uncertainty without an enabling law. In particular, this will be the fate of the P26.7-billion Ayuda para sa Kapos ang Kita Program that has become the bone of contention of lawmakers feuding over alleged use of the newest ayuda program of the government to push Charter change......»»