PDu30, nilagdaan ang EO na naglalayong ia-adjust ang dividend rate ng OFBank
MANILA, Philippines – Nilagdaan ni Pangulong Rodrigo Roa Duterte ang isang executive order (EO) na naglalayong ia-adjust ang dividend rate ng Overseas Filipino Bank (OFBank). Tinintahan nitong Agosto 5 at isinapubliko , araw ng Biyernes, inaprubahan ng EO 146 ang adjustment ng porsiyento ng annual net ratings na idedeklara at ire-remitt ng OFB mula 50% […] The post PDu30, nilagdaan ang EO na naglalayong ia-adjust ang dividend rate ng OFBank appeared first on REMATE ONLINE......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
Social Media Firms Shares Soar in Stock Market Debut
India’s GDP Growth Rate Drops to 4.7% in Latest Quarter According to provisional data released by the Central Statistical Office, India’s GDP growth rate has.....»»
Shares gain anew on rate cut hopes
The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»
Davao Region crime rate drops by 13.05%
THE Police Regional Office (PRO-Davao) has reported a significant 13.05 percent decrease in the crime rate across the Davao Region from January to February 2024 compared to the same period last year......»»
Xinhua world economic news summary at 0900 GMT, March 18
BEIJING -- Global new energy passenger car sales are predicted to exceed 39 million units by 2030, said a report obtained during the China EV100 Forum 2024 concluded Sunday in Beijing. That will mark a penetration rate of almost 50 percent, rising from the nearly 20 percent in 2023 with the sales of over 13 million units, according to the report issued by China EV100, a new energy vehicle (NEV) industry think ta.....»»
Adjusting Your Budget for Unforeseen Circumstances
Life throws curveballs, and sometimes those curveballs will hit your wallet hard. From unexpected medical bills to car repairs more than what you allocated under “car maintenance,” unforeseen circumstances can disrupt your carefully crafted budget. There are ways to go about this, though. Here are some ways you can adjust your spending plan effectively when […].....»»
Citicore Renewables officially moves IPO to next quarter
Citicore Renewable Energy Corp. gave notice to the exchange that it “decided to adjust the indicative date of the Offer from March 2024 to the 2nd quarter of 2024.”.....»»
Sarno misses podium finish in Tashkent
Due to failure to adjust to the biting cold, Vanessa Sarno hurt her knees and settled for a fifth-place finish in the Asian Weightlifting Championships in Tashkent, Uzbekistan Wednesday......»»
Sarno succumbs to cold weather, ends up at 5th in Asian weightlifting tilt
Due to failure to adjust to the biting cold, Vanessa Sarno hurt her knees and settled for a fifth-place finish in the Asian Weightlifting Championships in Tashkent, Uzbekistan......»»
Kris Bernal na-diagnose ng ‘postpartum anxiety’: ‘Nahirapan ako mag-adjust’
KAGAYA ng mga mommies out there, hindi nakatakas na makaramdam ng “postpartum anxiety” ang Kapuso actress na si Kris Bernal. ‘Yan ay kanyang shinare at inihayag sa naging panayam sa programang “Fast Talk with Boy Abunda.” Naging emosyonal si Kris habang ikinukuwento niya kay Tito Boy ang mga pinagdadaanan niya bilang first time mom. Ayon.....»»
Andres Bonifacio ‘etchapwera’ sa November 30 dahil sa KathNiel, sey ng madla: ‘Siya na nag-adjust’
TILA nawala sa eksena ang bayaning si Andres Bonifacio nitong November 30 matapos ang kumpirmasyon ni Kathryn Bernardo ng kanilang hiwalayan ni Daniel Padilla. Matatandaang kahapon ay itinalagang “Bonifacio Day” bilang pagbibigay pugay sa bayani sa kanyang kaarawan. Ngunit sa kabila ng selebrasyon ng birthday ni Andres ay mas maugong na pinag-usapan ang hiwalayan ng.....»»
Atasha Muhlach sa pagsabak sa mga beauty pageant: ‘I’m not gonna close my doors’
IN FAIRNESS, unti-unti nang nahahasa sa hosting ang anak nina Aga Muhlach at Charlene Gonzales na si Atasha dahil sa noontime show ng TV5 na “E.A.T.”. Napapanood namin ang dalaga sa naturang programa na pinangungunahan iconic trio na sina Tito Sotto, Vic Sotto at Joey de Leon at ang bilis niyang nakapag-adjust at nakasabay sa .....»»
Disney delays ‘Deadpool’ sequel, ‘Blade’, other films in post-strike shuffle
Multiple movie delays are happening as Hollywood studios adjust schedules following the end of the 4-month actors' strike.....»»
Increased threshold announced at national developers confab
The Philippine Board of Investments has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City hosted by the Subdivision and Housing Developers Association. In addition to the increased threshold, the BOI has also extended the income tax holiday period from four years to six years. The extended threshold for tax incentives and the longer ITH period will provide developers with increased financial incentives, making it more attractive for them to undertake housing projects. With this year’s theme focusing on local development, SHDA national president Arch. Leonardo Dayao Jr. emphasized the steps SHDA is taking to empower the local housing sector by collaborating with Local Government Units. “Several developers of ours here are partnering with their different LGUs. We have one in Iloilo, Novaliches, so we have several developers already. The idea here is that we will partner with the local government who has the land so that we can help build and then make housing affordable,” Dayao said. “The reason why we have the convention yearly is to be able to assess where we are against the roadmap so that we know if we need to adjust strategies or we need to create new ones with the objective to be able to provide housing for each Filipino family,” SHDA national chairman Arlene Keh said. The post Increased threshold announced at national developers confab appeared first on Daily Tribune......»»
Malls to stay open until 11 pm starting 13 November to ease holiday traffic
The Metropolitan Manila Development Authority met with mall operators and other stakeholders on 25 October to discuss traffic management plans in preparation for the approaching holiday season. In a meeting led by MMDA Deputy Chairman Undersecretary Frisco San Juan Jr. and Traffic Discipline Office Director for Enforcement Atty. Victor Nuñez, shopping mall operators agreed to adjust their business hours starting 13 November, Monday, from 11 am to 11 pm, as one of the measures to address the expected traffic problems in the metropolis. "Due to the expected heavier traffic, we have decided to implement contingency measures," San Juan said. “Mall-wide sales will only be allowed during weekends while deliveries will only be permitted from 11 pm to 5 am, with the exception of perishable goods restaurants serving breakfast, and supermarkets.” Mall operators were also asked to submit their respective traffic management plans for their mall sales and promotional events two weeks before the scheduled date of such events. Shopping malls with government satellite offices are also allowed to open as early as 9 a.m. As part of the agency's traffic management plan this Christmas season, the duty of the traffic enforcers will be extended until 12 midnight to maximize their visibility on major roads. "We will deploy traffic enforcers until midnight every day to assist and manage the traffic flow in Metro Manila,” said San Juan Jr. The MMDA will be working with the Department of Transportation to discuss possible extensions of the public transport system's operating hours to accommodate late-night commuters and mall employees. Also, the MMDA and representatives from the Department of Public Works and Highways and other concerned offices including the engineering district offices, local government units, utility companies and contractors, also met to discuss the temporary suspension of excavation activities on all Metro Manila roadways. All excavation works that will cause obstruction or will affect the smooth flow of traffic shall be temporarily suspended effective midnight of 13 November 2023 until midnight of 8 January 2024. Projects that are not covered by the moratorium: Flagship projects of the government DPWH bridge repair/construction flood interceptor catchment projects (box culvert) Asphalt overlay projects without re-blocking works Sidewalk improvement Drainage improvement projects along the sidewalk and not occupying any part of the roadway footbridge projects Emergency leak repair or breakage of water lines by Manila Water Co. and Maynilad Water Service Inc. New water service connection or electrical service connections Road activities without excavation (traffic clearance only) Meralco relocation/emergency works affecting major projects of government All concerned agencies are advised to take appropriate measures and ensure that all affected roads will remain passable, safe and serviceable to all types of vehicles and pedestrians amid the anticipated increase of vehicles on the roads. The post Malls to stay open until 11 pm starting 13 November to ease holiday traffic appeared first on Daily Tribune......»»
Energy sector workers run out
Amid the energy transition frenzy, listed Aboitiz Power Corp., or AboitizPower, recognized a growing scarcity of skilled power industry workers. It is thus necessary to develop a workforce that can adapt and implement energy security, affordability, and sustainability. “There has to be a workforce now and in the future that will keep our energy system functioning and serve the needs of our country,” AboitizPower chief people officer MaLu Inofre said. “Among our most difficult challenges is building a skilled talent pipeline that can effectively adjust and work with the fast-paced transformation within the industry’s energy mix, digital systems and regulations,” she said. Power forum held “It has become exceedingly vital to ensure that workforce skills align with the changes of the times,” she further explained. “In the same way, attracting talent in a competitive global market is crucial to a sustainable, efficient, and innovative Philippine power sector that meets our country’s growing energy demands and sustainability objectives.” Inofre made her remarks during the first Philippine Power Industry HR Forum at Shangri-La The Fort, Taguig City. The event was presented by the American Chamber of Commerce of the Philippines Inc., or AmCham, in partnership with AboitizPower. In the Philippines, the Department of Labor and Employment said that an estimated 1 million skilled workers in engineering, architecture, and construction are lacking. They cited “Power Plant Maintenance Engineer” and “Maintenance/Powerplant Engineers” as among the most challenging occupations to fill up. This can be due to a lack of qualified applicants or brain drain (or when better opportunities abroad are taken advantage of by skilled locals). “Between 2016 and 2021, the employment in the power industry declined by 15,444 individuals,” said DoLE Bureau of Local Employment Director Patrick Patriwirawan Jr. during the same event. “The Philippines saw an increase in the employment in the renewable energy industry last year but could have employed more if not for the delays caused by the Covid-19 pandemic on various project developments in the sector.” Inofre added that a major factor influencing the labor shortage is the shift in the type of skills sought by employers, especially as the sector tries to balance the entry of renewable energy whilst maintaining traditional energy systems. “Knowing this, upskilling will be key to facilitating a just transition for those who will be affected by the transition to a greener economy, as well as the new generation of workers. It is imperative that we successfully cultivate both thermal and renewable energy, so that we can ensure reliable and affordable energy supply for the country,” she said. Meralco Power Academy program management director Engr. Marc Lester Malibiran explained that, on top of upskilling the workforce, the industry should also help develop interest for the sector, especially in the youth. “The Philippines boasts a young and vibrant population, brimming with innovative potential. By investing in talent development, we tap into this dynamic workforce, harnessing their fresh ideas and energy,” he said. “Unfortunately, we are seeing a decline in both take-up and completion of STEM (science, technology, engineering and mathematics), averaging only a 21 percent completion [rate].” Intimidating STEM “Young Filipinos avoid STEM as it is seen to be an intimidating course of study. This is important to know as this signals us to develop programs that remove this preconceived notion,” he added. Young academic and professional achievers were recruited and trained by AboitizPower to operate, monitor, and control the company’s National Operations Control Center, which oversees over 20 renewable energy facilities spread across the country all from one central location. The forum served as an avenue for human resources professionals in the Philippine power industry to connect, collaborate, and communicate ideas, knowledge and best practices. Sentiments from the breakout sessions revealed that skills and competency gaps or mismatch, a limited external talent pool, and difficulty in retaining talent due to global and local competition are the most cited challenges in the human resources field of the energy sector. The post Energy sector workers run out appeared first on Daily Tribune......»»
A skilled workforce — a critical component of Phl energy transition
Amid the Philippine energy transition, Aboitiz Power Corporation recognized the growing scarcity of skilled power industry workers and, hence, the necessity of developing a workforce that can adapt and willingly carry the important task of ensuring energy security, affordability, and sustainability for today’s and tomorrow’s Filipinos. “There has to be a workforce now and in the future that will keep our energy system functioning and serve the needs of our country,” said AboitizPower chief people officer MaLu Inofre. “However, among our most difficult challenges is building a skilled talent pipeline that can effectively adjust and work with the fast-paced transformation within the industry's energy mix, digital systems and regulations.” “It has become exceedingly vital to ensure that workforce skills align with the changes of the times,” she further explained. “In the same way, attracting talent in a competitive global market is crucial to a sustainable, efficient, and innovative Philippine power sector that meets our country’s growing energy demands and sustainability objectives.” Inofre made her remarks during the first Philippine Power Industry HR Forum at Shangri-La The Fort, Taguig City. The event was presented by the American Chamber of Commerce of the Philippines, Inc. in partnership with AboitizPower. Young academic and professional achievers were recruited and trained by AboitizPower to operate, monitor, and control the company’s National Operations Control Center, which oversees over 20 renewable energy facilities spread across the country all from one central location. In the Philippines, the Department of Labor and Employment said that an estimated one million skilled workers in engineering, architecture and construction are lacking. They cited “Power Plant Maintenance Engineer” and “Maintenance/Powerplant Engineers” as among the hard-to-fill occupations in the country. This can be due to a lack of qualified applicants or brain drain (or when better opportunities abroad are taken advantage of by skilled locals). “Between 2016 and 2021, the employment in the power industry declined by 15,444 individuals,” said DOLE Bureau of Local Employment Director Patrick P. Patriwirawan Jr. during the same event. “The Philippines saw an increase in the employment in the renewable energy industry last year but could have employed more if not for the delays caused by the Covid-19 pandemic on various project developments in the sector.” Inofre added that a major factor influencing the labor shortage is the shift in the type of skills sought by employers, especially as the sector tries to balance the entry of renewable energy whilst maintaining traditional energy systems. “Knowing this, upskilling will be key to facilitating a just transition for those who will be affected by the transition to a greener economy, as well as the new generation of workers. It is imperative that we successfully cultivate both thermal and renewable energy, so that we can ensure reliable and affordable energy supply for the country,” she said. Meralco Power Academy Program management director Engineer Marc Lester Malibiran explained that, on top of upskilling the workforce, the industry should also help develop interest for the sector, especially in the youth. In a panel discussion, AboitizPower Chief People Officer MaLu Inofre (2nd from right) said that the energy industry must come together to craft and implement programs that strengthen the talent pipeline for the Philippine power industry. “The Philippines boasts a young and vibrant population brimming with innovative potential. By investing in talent development, we tap into this dynamic workforce, harnessing their fresh ideas and energy,” he said. “Unfortunately, we are seeing a decline in both take-up and completion of STEM (science, technology, engineering and mathematics), averaging only a 21 percent completion [rate].” “Young Filipinos avoid STEM as it is seen to be an intimidating course of study. This is important to know as this signals us to develop programs that remove this preconceived notion,” he added. The Philippine Power Industry HR Forum served as an avenue for human resources professionals in the Philippine power industry to connect, collaborate and communicate ideas, knowledge and best practices. Sentiments from the breakout sessions revealed that skills and competency gaps or mismatch, a limited external talent pool and difficulty in retaining talent due to global and local competition are the most cited challenges in the human resources field of the Philippine energy sector. A panel discussion moderated by Atty. Jose Layug Jr. of Divina Law saw Michael Page regional director and country head Albert Perez, Meralco chief HR officer Edgardo “Egay” Carasig, Philippine Independent Power Producers Association, Inc. president Atty. Anne Estorco Montelibano and ACEN chief HR officer John Philip Orbeta discuss the need to calibrate existing government programs to be more in sync with the needs of the energy industry. This includes building competencies within communities to turn locals into more competitive applicants. Meanwhile, another panel discussion moderated by AmCham Human Capital & Resources Committee co-chair Ernie Cecilia had Global Business Power Corporation VP-Human Resources Maria Luz Blanco-Uriarte, One Renewable Energy Enterprise, Inc. founder and president Erel Narida and AboitizPower’s Inofre talk about how retaining workers involves investing on their skills, ensuring talent mobility opportunities and giving them a sense of purpose. “The energy industry must create an acceptable, progressive plan to resolve the talent crisis. AboitizPower, for one, makes an effort to resolve the shortage of estimated skilled workers in our industry by maintaining academic-industry linkages with universities in the country, providing long-term scholarships [and] establishing programs with TESDA that help promote electrical engineering skills at the grassroots level, among other initiatives,” Inofre said. “Through similar initiatives, I believe we can successfully empower a community of like-minded individuals who work towards implementing human resource programs that strengthen the talent pipeline for the Philippine power industry,” she concluded. The post A skilled workforce — a critical component of Phl energy transition appeared first on Daily Tribune......»»
Guiao welcomes FIBA-oriented rules in PBA
The PBA’s decision to veer toward FIBA rules will help Filipino basketball players adjust to international play, Rain or Shine Elasto Painters head coach Yeng Guiao said......»»
NEDA, DHSUD adjust dated price ceilings
The Department of Human Settlements and Urban Development, or DHSUD, and the National Economic and Development Authority, or NEDA, adjusted the price ceiling for socialized subdivision and condominium projects. Under the adjusted ceiling, socialized subdivision projects now cost no more than P850,000 from the current P580,000 for units with a minimum floor area of 28 square meters, or sqm, with a loft of at least 50 percent of the base structure or 32 sqm. Socialized condominium projects are now set at P933,320 for 22 sqm, P1.06 million for 25 sqm, and P1.145 million for 27 sqm for a four-story building. For projects composed of five to nine storys, the pricing is P1 million for 22 sqm; P1,136,364 for 25 sqm and P1,227,273 for 27 sqm, and for 10 floors above projects, 22 sqm units cost P1,320,000; 25 sqm at P1,500,000 and 27 sqm at P1,620,000. With the inclusion of land development cost, socialized condominium projects’ price ceiling is set at maximum P1.8 million. Not reflective of current pricing DHSUD noted the current pricing no longer responds to prevailing economic conditions. DHSUD Secretary Jose Rizalino Acuzar and Socioeconomic Planning Secretary Arsenio Balisacan signed Joint Memorandum Circular 2023-003 on Friday adjusting the current price ceiling which has been in effect since 2018 pursuant to Resolutions Nos. 1 and 2 series of 2018 issued by the Housing and Urban Development Coordinating Council, or HUDCC. The adjustment came following months of thorough review and lengthy discussions between DHSUD and NEDA teams, who considered inputs from the housing and real estate sectors. The DHSUD and NEDA also agreed on the huge economic pump-priming potentials of the housing and real estate sector. The move is touted as a huge boost to the ongoing implementation of President Ferdinand R. Marcos Jr.’s flagship Pambansang Pabahay para sa Pilipino, or 4PH, Program as it could prompt active participation of and the much-needed investments from private contractors and developers. The post NEDA, DHSUD adjust dated price ceilings appeared first on Daily Tribune......»»
PNP raises Undas alert
The Philippine National Police on Sunday revealed that it will go on full alert at least three days before the Barangay and Sangguniang Kabataan Elections slated on 30 October and maintain this alert until All Saints’ Day or Undas. In an interview, PNP spokesperson Police Colonel Jean Fajardo said the PNP would prepare for both events next week, adding that they had enough manpower for both. “We will do better than the recommendation. Three or four days before the election, we will raise the alert status of the PNP to full alert status and that will continue until after Undas. Our monitoring will be continuous,” Fajardo said. However, she said that extending the full alert status until Christmas Day depended on the assessment of the field commanders. “Our regional directors have discretion to adjust their alert status depending on their areas’ political and crime environment,” said Fajardo, adding that PNP personnel were no longer allowed to go on leave starting the second week of December up until January 2024. The post PNP raises Undas alert appeared first on Daily Tribune......»»