PSALM expects P100 billion from CBK privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) is expected to generate as much as P100 billon from the privatization of the 796.46-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna, bolstering the cash position of the cash-strapped state firm......»»
Senate OKs on second reading P100 wage hike
The Senate approved on second reading yesterday a bill seeking a P100 daily minimum wage increase for private sector workers – a Valentine’s gift to minimum wage earners......»»
Bill pushing P100 daily wage hike gets Senate nod on 2nd reading
MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers. Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»
Labor group defends proposed P100 daily minimum wage increase
Labor group defends proposed P100 daily minimum wage increase.....»»
P100-M illegal drugs seized in 3 days in Central Visayas
P100-M illegal drugs seized in 3 days in Central Visayas.....»»
Senate eyes OK of P100 minimum wage hike
Senators are hoping to approve this week the proposed P100 increase for minimum wage earners as a Valentine’s gift to Filipino workers, Sen. Nancy Binay said yesterday......»»
Meralco expects higher sales in Q2
Manila Electric Co. (Meralco) expects its sales to grow by six to eight percent from April to June, according to chief commercial officer Ferdinand Geluz......»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
RSA allays last-minute NAIA review
On Thursday, Feb. 15, Transportation Secretary Jaime Bautista was worried and feeling sick, even feverish, according to sources, from the growing speculation and intrigue regarding the awarding of the estimated P170.6-billion solicited proposal to rehabilitate the Ninoy Aquino International Airport (NAIA), fearful that his long dream of finally accomplishing the privatization and much need rehabilitation of NAIA may once more be derailed......»»
SM Prime expects to raise P25 billion from bond issue
Sy-led integrated property developer SM Prime Holdings Inc. is gearing up to raise as much as P25 billion from a proposed bond offering to fuel its expansion......»»
New tax proposals seen to yield P213 billion revenue
The Marcos administration expects to generate P213 billion over the next five years from the priority tax proposals of the Department of Finance......»»
Cebu City Council slashes Rama’s proposed P100B budget to P25B
CEBU CITY, Philippines — Cebu City Mayor Michael Rama’s proposed P100 billion budget for 2024 was reduced to P25 billion by the City Council, which overrode the mayor’s veto. Councilor Jocelyn Pesquera, vice chairperson of the council’s Committee on Budget and Finance, confirmed the decision on Wednesday, Jan. 24, emphasizing that all provisions in the.....»»
DOF expects dividends from GOCCs to hit P100 billion
The Department of Finance is targeting to collect P100 billion in dividends from government-owned or -controlled corporations by the end of the year, according to its top official......»»
Landbank income exceeds P40 billion mark
State-run Land Bank of the Philippines expects its income to reach P45 billion this year after overshooting its 2023 bottomline target......»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Notes on the beat: Behind the scenes in the NAIA bidding
It may have been the fastest privatization of a big-ticket government asset, but it certainly was far from being seamless......»»
MPIC, SMC bids for MRT-3 rejected
The Department of Transportation will decline the privatization offers for the Metro Rail Transit Line 3 made by tycoons Manuel V. Pangilinan and Ramon Ang, as it eyes to get additional offers from the private sector......»»
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......»»