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‘High level of Phl economic performance despite…’
From 2010 to the present – minus the worst year of the lockdown period of the pandemic in 2019 – Philippine economic growth performance has been consistently high, at an average of 6.4 percent......»»
MerryMart hikes 2030 sales target to P150 billion
MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»
President Marcos inaugurates JG Summit’s petrochem plant
President Marcos inaugurated yesterday the P150-billion expanded petrochemical facility of JG Summit Olefins Corp. (JGSOC) in Batangas City, a development that is seen to create thousands of local jobs......»»
E-motorcyles likely included in review of tax breaks – NEDA
The executive order modifying the tariff rates for electric vehicles will be up for review next week, with the possible inclusion of e-motorcycles in the list of vehicles that benefits from tax breaks......»»
What to expect from Sec. Ralph Recto leadership at DOF
Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»
NEDA welcomes award of NAIA PPP
The award of the contract for the P170.6-billion project to rehabilitate the Ninoy Aquino International Airport highlights the emphasis of the Marcos administration in providing world-class air transportation infrastructure to achieve the government’s economic transformation agenda, according to the National Economic and Development Authority......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Iloilo lost P3.7B during 3-day power outage
ILOILO CITY — Iloilo incurred more than P3.7 billion in economic losses during last week’s three-day power outage on the islands of Panay and Guimaras and parts of Negros. Mario Nillos, head of the Provincial Planning and Development Office (PPDO), said the province’s three electric cooperatives collectively lost over 3,351.86 megawatts of electricity from Jan......»»
Dito shaves losses by P5.6 billion in 2023
Dito Telecommunity Corp. is making progress in its push to nurse its bleeding as it was able to slash its net loss by P5.6 billion in 2023......»»
HMOs incur higher P4.3 billion losses in 2023
The health maintenance organization industry suffered a bigger net loss of P4.3 billion in 2023, marking the second straight year of a weak bottomline, as benefits and claims by its members soared......»»
Agriculture losses due to El Niño hit P1.23 billion
The agriculture sector has suffered P1.23 billion worth of damage due to the El Niño phenomenon since January, the National Disaster Risk Reduction and Management Council said yesterday......»»
Maynilad pouring in P2.7 billion for water loss reduction plan
Maynilad Water Services Inc. will spend P2.7 billion until 2027 to reduce water losses by replacing its aging pipe network and stifling the rampant illegal connecti.....»»
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......»»
Hapee toothpaste maker venturing into cosmetics
Lamoiyan Corp., maker of Hapee toothpaste, is pouring in around P150 million to expand its business to include cosmetics and whitening products this year......»»
Workers seek Church help on wage hike
The Federation of Free Workers (FFW) is seeking the intervention of the Catholic Church for immediate passage of the pending P150 legislated nationwide wage hike......»»
Igsoon ni Ricardo Cepeda nangayo og donasyon para sa iyang kaso
Pinaagi sa iyang gi-sugdan nga “Go Fund Me,” nangayo og donasyon si Robert Go, ang kaluha sa aktor nga si Ricardo Cepeda, alang sa galasto-an sa iyang kaso. Nanghinaot si Robert ug ang pamilya ni Ricardo nga makatigum sila og $30,000 o P150,000. Sa pagkakaron naa pa lang sa $6,813 o P34,000 ang ilang natigum.....»»
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......»»
Labor groups rally against Charter change, call for wage hike instead
MANILA, Philippines — Labor groups are joining the opposition against Charter change (Cha-cha), with one group urging lawmakers to prioritize passing a law for a P150 wage hike for private sector workers. The Federation of Free Workers (FFW) vice president Jun Mendoza Ramirez in a statement on Sunday emphasized the need to concentrate on the immediate.....»»
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”......»»
Gov t cuts growth target to 6%-7% — NEDA
In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»