Philippines to save P16 billion annually from higher ethanol blend
Increasing the ethanol blend in gasoline products from 10 percent to 20 percent could cut fuel prices by as much as four percent, resulting in as much as P16 billion in annual savings for Filipino vehicle owners, according to the United States Department of Agriculture-Foreign Agricultural Service......»»
GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
Petron earnings grow 16 percent to P3.9 billion in Q1
The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume......»»
Meralco powers core income higher by 11 percent to P10.1 billion in Q1
Pangilinan-led power firm Manila Electric Co. reported a consolidated core net income of P10.1 billion in the first quarter, up by 11 percent from P9 billion in the same period last year......»»
Philippine Bank of Communications profit climbs 16.3 percent to P1.9 billion in 2023
Lucio Co’s Philippine Bank of Communications (PBCom) grew its income by 16.3 percent to P1.9 billion in 2023 from P1.6 billion a year earlier, mainly due to higher operating income from better trading performance......»»
Apex Mining profit grows 2% to P3.4 billion
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»
Government borrows P30 billion from T-bonds
The government secured P30 billion from the local debt market via the fresh issuance of long-term securities, with the coupon rate set slightly higher than secondary markets......»»
Pinoys urged to reduce plastic use
Filipinos should reduce plastic use as the country remains a top contributor to ocean plastic pollution, producing at least 2.7 million metric tons of plastic waste annually, an environmental group said yesterday......»»
World Bank Sees Further Economic Growth for PH
The World Bank sees positive growth in the country’s economy in the next few years. According to the World Bank, they expect the average growth will be at an average of 5.9% annually between 2024 and 2026. The World Bank said that the growth rate in 2024 will be at 5.8%, while 5.9% in 2025. […].....»»
Oilfish in Siargao
Fishermen carry a freshly caught oilfish in Pilar town in Siargao Island, Surigao del Norte Thursday morning (23 May 2024). Because of the abundance of fish in the area, this municipality has been hosting international and local fishing competitions annually. MindaNews photo by ROEL N. CATOTO.....»»
Gabii sa Kabilin 2024: Bringing generations together to rediscover Cebu’s heritage
CEBU CITY, Philippines – The “Gabii Sa Kabilin” or “a night of heritage” annually brings together young and old to explore Cebu’s history. This year’s event, on May 10, 2024, attracted over a hundred locals who visited 11 museums and heritage sites across the city. History is shaped by diverse perspectives, young and old. Even.....»»
Mandaue senior citizens allowance to go up by P2K
MANDAUE CITY, Philippines – Registered Mandaue senior citizens will soon receive a P2,000 increase in their yearly financial assistance. Currently, elders in Mandaue City are receiving P8,000 in financial assistance annually. With the increase, their take home incentive will go up to P10,000. Mayor Jonas Cortes on Thursday, April 18, said that this is to.....»»
Oscars 2024 fashion: Top 10 looks, who wore who
The 96th Academy Awards fashion parade on the red carpet reception simply continued the annual Hollywood spectacle that culminates the awards season annually......»»
Study: Association Found Between Chemicals Used in Plastics and an Increase in Premature Births
Title: Study Links Phthalates in Plastic to Thousands of Premature Births Annually Date: [Insert Date] Source: The Daily Guardian A recent study published in Lancet.....»»
JG Summit sets higher capex for 2024
Conglomerate JG Summit Holdings Inc. expects its capital spending to balloon to over P99 billion this year, higher than the group’s originally allotted budget for 2024, due to additional engine deliveries for budget carrier Cebu Pacific......»»
50,000 cops nationwide, including 2,100 from Central Visayas, promoted to higher positions
50,000 cops nationwide, including 2,100 from Central Visayas, promoted to higher positions.....»»
EDITORIAL — Higher fees, higher expectations
With no order from President Marcos stopping the move, the Philippine Health Insurance Corp. increased starting this month its members’ premium contributions, from four percent to five percent......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
Jollibee FY23 profit: P8.8-B (up 16%)
Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»
Philippines, Vietnam to expand trade ties to $10 billion
The Philippines and Vietnam will explore untapped areas for cooperation to expand their bilateral trade from $7 billion to $10 billion in the coming years, according to President Marcos......»»