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SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
DBM approves P455-million funding to aid rice farmers
The DBM said that the fund was released to the Department of Agriculture (DA) and three other Government-Owned and Controlled Corporations to cover the fund’s operating requirements for the first quarter of 2024......»»
Argentina permitted to tap IMF bailout
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»
DA to tap buffer fund for stockpile of products
The Department of Agriculture is planning to use its buffer fund to build stockpiles of “sensitive” products such as rice and pork to ensure public access to affordable food in the market......»»
KATRIBU on the impact of Maharlika Investment Fund on the Moro and Indigenous Peoples
A speech delivered by Beverly Longid, KATRIBU National Convenor, during the Maharlika Investment Fund forum organized by the First Quarter Storm (FQS) Movement......»»
Recto pitches Maharlika fund to Australians
Finance Secretary Ralph Recto encouraged Australian businesses to invest in the country’s first sovereign wealth fund, noting that the Philippines has pro-business policies in place......»»
Rama to barangays: No aid if fire safety initiatives not done
CEBU CITY, Philippines – Cebu City Mayor Michael Rama took a bold stance on withholding yearly aid and allocations of barangays if they would fail to comply with re-blocking initiatives in communities at risk of fire. He said that the fund in context would be sourced from the Local Development Fund (LDF). READ: Probe.....»»
Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’
Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’.....»»
The Vital Role of Emergency Funds in a Business
Navigating the intricate terrain of business is akin to assembling a complex puzzle, where the significance of an emergency fund emerges as the elusive missing piece. This versatile tool stands as a stalwart guardian during uncertain times, deftly guiding enterprises through unforeseen challenges and financial quandaries. Shielding Against Financial Surprises Picture the emergency fund as […].....»»
Pag-IBIG members to get more benefits
Filipinos are expected to enjoy double savings and higher cash loan entitlements while having access to affordable home loans, according to the Home Development Mutual Fund or Pag-IBIG Fund......»»
Pag-IBIG to increase member contributions in February 2024
MANILA, Philippines — The Home Development Mutual Fund or the Pag-IBIG Fund said that it will raise its member contributions in February 2024. In a phone interview on Tuesday, it said that monthly contributions from employees and employers will be increased to P200, from the minimum P100. ALSO READ: PhilHealth members’ contribution rises to 5%.....»»
3 Reasons Why Should Start an Emergency Fund Today
Life is unpredictable, and it often throws unexpected challenges our way. Whether it’s a sudden medical bill, a car breakdown, or losing a job without warning, these unfortunate situations can leave us financially unprepared, causing unnecessary stress and uncertainty. However, a simple yet powerful solution is maintaining an emergency fund. Financial Safety Net A robust […].....»»
Food cart program gives hope to reformed drug suspects
After spending six months in jail for drug offense, and another six months for counseling and rehabilitation, 46-year-old Jessie Morales was left homeless by a fire that hit his neighborhood in Tondo last month, leaving him with nothing but more anguish......»»
Local execs reaffirm support for activities of Army engineering unit
Local officials reassured support for the development initiatives of the 549th Engineering Combat Battalion on Saturday, a day after its new commander assumed leadership of the unit, involved in rehabilitation projects in conflict-stricken Moro-dominated towns......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
NEWS BRIEFS | 06 March 2024
6 Army engineering battalions harnessed for combat CAGAYAN DE ORO (MindaNews / 06 March) – The Philippine Army activated six reorganized engineering battalions into combat units as the Armed Forces of the Philippines shifts its attention from internal to territorial defense. The engineering battalions are currently deployed around Marawi City, helping in the rehabilitation and […].....»»
The best is yet to come
With the situation turning from bad to worse at the Ninoy Aquino International Airport (NAIA), it’s not surprising that there is growing anticipation for the takeover by the San Miguel Corp. (SMC) group of NAIA’s rehabilitation and operation......»»
MRT-3 concession period seen at shorter 10-15 years
The next operator of the Metro Rail Transit Line 3 could end up with a shorter term of at least 10 years, as its role will be limited to managing the railway as the government pays for the cost of its rehabilitation......»»
Pasil launches 4th PWUDs community-based rehab program
CEBU CITY – Barangay Pasil successfully launched its 4th batch of Persons Who Used Drugs (PWUDs) to undergo the Community-Based Drug Rehabilitation Program (CBDRP) on Tuesday, February 20, 2024. Cebu City Police Office’s City Director, Police Colonel Ireneo B. Dalogdog, urges for the swift clearing of drugs from the barangay in collaboration with the Philippine.....»»
Much better deal than Cha-cha
The successful conduct and outcome of the public bidding for the privatization and rehabilitation of the Ninoy Aquino International Airport could be the best argument to reject Charter change (Cha-cha)......»»