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NUSTAR pays tribute to Cebu through its ‘I Love Cebu’ music video
NUSTAR Resort Cebu proudly announces the launch of its much-anticipated “I Love Cebu” campaign, marked by the premiere of its music video that beautifully captures the essence and allure of Cebu’s cultural richness and breathtaking landscapes. To debut on January 12, 2024, this music video offers a fresh interpretation of the “I Love Cebu” anthem......»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
BOP swings to deficit in April 2024
The central bank attributed the outflows to the national government’s net foreign currency withdrawals from its deposits with the BSP to “settle its foreign currency debt obligations and pay for its various expenditures.”.....»»
Ayala exits Manila Water
Conglomerate Ayala Corp. has completed one of its major divestment plans for the year, selling its remaining stake in its East Zone water business to ports and power tycoon Enrique Razon for P14.5 billion......»»
JG Summit income triples
Conglomerate JG Summit Holdings Inc. of the Gokongwei family saw a surge in its core profit in the first quarter following strong contributions of its food, real estate and air transport businesses, coupled with the gains realized from its bank merger......»»
Dito ends Smart’s streak as Philippines fastest operator
Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»
Beijing denies its South China Sea deal with former Philippine leader Duterte was a secret
China rejects Philippine leader Ferdinand Marcos Jnrs claims that its gentlemans agreement with his predecessor Rodrigo Duterte was a secret and urges Manila to stick to its commitments on the disputed Second Thomas Shoal......»»
VistaREIT amends its disclosure, cumulative divs reach 90% of distributable income
Yesterday, I wrote about the VistaREIT Q4 dividend, and how (despite its gargantuan size) it was insufficient to drag VREIT’s cumulative FY23 dividends up above 90% of its reported distributable income for FY23 as required by the REIT Law......»»
Vismotor Corporation’s Motorcycle Giveaway: Winners Ride Away with Prizes!
Multi-brand motorcycle dealer in the Visayas, Vismotor Corporation, held the grand raffle of its “Apply & Win a Motorcycle” promo at its headquarters in Vismotor Honda 3S Shop, Carmel Drive Kalubihan, Talamban, Cebu City on April 8, 2024. The grand raffle event showcased Vismotor Corporation’s commitment to offering the best motorcycle brands and its dedication.....»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
Seaoil opens P822 million depot in Zamboanga
Seaoil, the country’s leading independent fuel provider, has opened its P822-million bulk terminal in Zamboanga del Sur, its biggest in the region and its 13th depot nationwide.....»»
India backs Philippines in dispute with China
New Delhi has drawn a strong response from Beijing after reiterating its support for Manila in a territorial dispute India has "firmly reiterated" its support for the Philippines and its "national sovereignty," as Manila remains locked in a territorial dispute with Beijing in the South China Sea. Ten.....»»
India backs Philippines in sea dispute with China
New Delhi has drawn a strong response from Beijing after reiterating its support for Manila in a territorial dispute India has "firmly reiterated" its support for the Philippines and its "national sovereignty," as Manila remains locked in a territorial dispute with Beijing in the South China Sea. Ten.....»»
NFA mulls hike in selling price
The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»
Meralco powers up profit by 37 percent in 2023
Manila Electric Co., the country’s biggest power utility, said its core earnings went up by 37 percent to P37.1 billion last year, powered by contributions from its power generation and retail electricity businesses, as well as the continued increase in energy sold by its distribution utility business......»»
Dito shaves losses by P5.6 billion in 2023
Dito Telecommunity Corp. is making progress in its push to nurse its bleeding as it was able to slash its net loss by P5.6 billion in 2023......»»
No end in sight for ABS-CBN’s woes
Media giant ABS-CBN Corp. suffered a setback in its efforts to become profitable again, tripling its net loss to nearly P10 billion last year due to the impairment of some of its legacy assets......»»
Petron rolls back LPG price by P11 per 11-kg cylinder
MANILA, Philippines — Petron Corp. slashed the price of its liquefied petroleum gas product after implementing increases for three consecutive months this year. In its advisory, Petron said its LPG price was cut by P1 per kilogram (kg) or a total of P11 per 11-kg cylinder effective April 1 at 12 noon. “This reflects the.....»»