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ATI to spend P2.7 billion for ports upgrade
The operator of some of the largest ports in the Philippines is increasing its capital expenditures to P2.7 billion this year, seeing the need to expand its capacity as trade recovers here and abroad......»»
Aboitiz Group raises 2024 capex
The Aboitiz Group is poised to expand its various business units this year, supported by a substantial increase in capital expenditures......»»
ICTSI on expansion mode; raises capex to $450 million
International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»
Provincial airports get P14 billion for upgrade
The Department of Transportation is allocating P14 billion this year for the development and upgrade of regional airports to support the recovery of domestic tourism......»»
Wildlife forensics: how science is helping to combat a billion-dollar organized crime industry
Another day at the airport, another routine inspection for a Customs Officer.She finishes examining the contents of one shipment - nothing of note. But then, she spies a crate labeled 'exotic reptiles.'Suspicious, she opens the shipment and begins to search among the crates. And there, tucked away in a corner, is a collection of turtle shells and other wildlife products.She pauses. Have these shell.....»»
Tech spending to focus on AI by 2025 – study
The largest organizations in Asia and the Pacific is seen allocating more than half of their information technology budget for the adoption of artificial intelligence starting 2025, according to the latest analysis of the International Data Corp.......»»
Why Saving More than 20% Can Boost Your Finances
The 50/30/20 budgeting rule is a popular financial guideline that suggests allocating 50 percent of your income to needs, 30. percent to wants, and 20 percent to savings and debt repayment. While saving 20 percent is a significant step towards financial security, there are compelling reasons to push beyond this benchmark if your budget allows. […].....»»
Gaza war: Death and ruins at shattered Al-Shifa hospital
Hundreds of people stared at the smoke-blackened ruins of Gaza’s biggest hospital on Monday, horrified by the damage and death left behind by a fierce two-week battle between militants and Israeli troops. The crowd stood amid debris and large mounds of dirt at the foot of a shell-pocked five-story building in the sprawling Al-Shifa complex.....»»
UN observers injured in blast during patrol in southern Lebanon
Three UN military observers and a Lebanese translator were injured in southern Lebanon on Saturday when a shell exploded near them in the village of.....»»
Fuel prices rise by 50¢ per liter amid Russia export ban
MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as reported by local oil firms. Shell and Seaoil will implement the price adjustments by 6 a.m. while CleanFuel.....»»
Philippine graft buster responds
You must know by now that if you’re a businessman in the Philippines, you have to shell out a lot of money to do business in our nation of 114 million......»»
Marcos calls for ‘Bagong Pilipinas’ and efficient service in governance brand kick-off rally
MANILA, Philippines — President Ferdinand Marcos Jr. on Sunday urged all government workers to work towards a “Bagong Pilipinas” (New Philippines) and deliver “responsive, efficient” service during the kick-off rally for his governance brand at Quirino Grandstand in Manila. Bongbong Marcos calls for ‘Bagong Pilipinas’ and efficient service in governance brand rally He also encouraged Filipinos.....»»
Ronnie Liang walang TF sa ‘Bagong Pilipinas’ rally: Para po sa bayan!
MATAPANG na lumantad ang actor-singer na si Ronnie Liang para sagutin ang nga isyu tungkol sa pagsali niya sa “Bagong Pilipinas” kickoff rally. Naganap ang nasabing political event sa Quirino Grandstand nitong magdaang Linggo, January 28, sa pangunguna ni Pangulong Bongbong Marcos, Jr.. Bukod kay Ronnie, dumalo rin sa “Bagong Pilipinas” kickoff rally para mag-perform.....»»
SEC streamlines capital raising for power firms
he Securities and Exchange Commission has streamlined the registration process for capital raising of power generation companies and distribution utilities, in support of the public offering mandate stipulated in the Electric Power Industry Reform Act of 2001......»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
SEC to work with Go on capital market reforms
The Securities and Exchange Commission has vowed to work closely with Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go to push reforms that would deepen the capital market......»»
DA working double time to increase rice production at lower cost amid inflation
The Department of Agriculture promised to intensify its efforts to increase the level of rice production in the Philippines with lower expenditures to alleviate food and non-food inflation, particularly rice......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
CA approves ad interim appointment of Recto
The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»
House fire kills 2 kids in Philippine capital
MANILA, May 15 (Xinhua) -- Two girls aged five were killed after a fire gutted their house in Tondo district in Manila, Philippine capital, on Wednesday afternoon, the local bureau of fire protection said. The bureau said the twin sisters were trapped inside the bedroom on the second floor of a two-story concrete house when the fire broke out before 2:30 p.m. local time and spread fast inside the home. It.....»»