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SC junks petition challenging legality of POGOs
The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»
[Vantage Point] POGOs, the quintessential milking cow
The rapid expansion of POGOs in the country comes at a price. It has put a strain on local infrastructure, including transportation, utilities, and housing......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Millennials, Gen Zs seen to lift travel demand
Low-cost carrier AirAsia Philippines is banking on the youth to carry the travel demand this year, as they tend to involve their loved ones in their plans, increasing spending on trips......»»
Domestic demand likely softened in 2023
The Philippines is expected to have experienced a softening in domestic demand toward the end of 2023 due to a decline in consumer confidence and savings, according to UK-based think tank Pantheon Macroeconomics......»»
Tobacco output seen surpassing 42 million kg this year
The country’s tobacco production this year could expand to a three-year high of over 42 million kilograms on the back of higher demand and better prices, the National Tobacco Administration (NTA) said......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
Demand for PCs softens last year
Issues on government procurement and a decline in corporate demand led to fewer orders for personal computers last year, a global IT market intelligence firm said......»»
Journo spends birthday in jail as media groups demand her release anew
“We are calling on the office of UN Special Rapporteur Irene Khan to hear our demands. To help us free Frenchie Mae, to help us assert our press freedom, and to help us fight to express.” The post Journo spends birthday in jail as media groups demand her release anew appeared first on Bulatlat......»»
Data centers seen to boom this year
A unit of Globe Telecom Inc. said the data center business in the Philippines would boom this year in response to the growing demand for information storage worldwide......»»
Strong El Niño to end this month – Pagasa
The strong El Niño is seen to end this month, but state meteorologists warned the public that its adverse effects may continue to be felt until May......»»
BSP seen to cut rates by 100 bps this year
The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»
High demand to feed growth in broiler output
Local broiler production could grow by at least two percent to as much as 1.943 million metric tons this year on the back of growing demand as chicken meat remains an affordable commodity for Filipino households......»»
Global oil demand to grow by 1.9 million bpd in 2024
LONDON (Reuters) -Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a forecast close to the Organisation of the Petroleum Exporting Countries’ (OPEC) estimate for 2024. In remarks shared with delegates at a Wood Mac briefing on Wednesday during the.....»»
Minglanilla ends 22-year title drought, wins Gullas Cup in dominating fashion vs. Talisay
CEBU CITY, Philippines — Abante Minglanilla hoisted the Rhea Gullas Cup 2024 First District of Cebu Inter-City/Municipality Basketball Tournament title after routing the visiting Talisay Aksyon Agad, 72-58, on Saturday evening, March 23, at the Minglanilla Sports Complex. Minglanilla, also known as the Archangels, beat Talisay in their do-or-die Game 3 of the finals, and.....»»
Obiena strikes gold in Croatia
Filipino Olympic pole vaulter EJ Obiena bagged his first gold medal of the year after dominating the Memorial Josip Gasparac indoor event in Croatia......»»
Daniel Padilla teases projects with Ely Buendia, Maricel Soriano
While the KathNiel breakup has been dominating headlines since November last year, Daniel Padilla's contract renewal assures fans he is prepared for fresh restart in his career......»»
UAAP MVP Kacey dela Rosa spearheads Gilas 3×3 as women’s basketball returns to PBA
Ateneo's 20-year-old UAAP MVP Kacey dela Rosa hones her craft in 3x3 basketball after dominating 5-on-5 play as the PBA revives its women's division.....»»
Groups demand investigation on ‘summary execution’ of former UP student leader
“The willful killing of Peralta by the military, who was unarmed at the time of her arrest, is a war crime that can never be justified under any circumstance. This is a blatant violation of (the IHL),” GABRIELA secretary general Clarice Palce said in a separate statement. The post Groups demand investigation on ‘summary execution’ of former UP student leader appeared first on Bulatlat......»»
As prices increase, farmers demand repeal of Rice Liberalization Law
“Farmers and consumers are demanding the strengthening of the rice industry as a solution to the perennial rice inflation, now nearing an all-time high rate that is expected to continue until July." The post As prices increase, farmers demand repeal of Rice Liberalization Law appeared first on Bulatlat......»»