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Philippines unemployment rate up to 3.9 pct in March
MANILA, May 8 (Xinhua) -- The unemployment rate in the Philippines increased to 3.9 percent in March from 3.5 percent in February, the Philippine Statistics Authority (PSA) said on Wednesday. PSA head Dennis Mapa said at a press conference that there were 2 million jobless Filipinos in March this year, higher than 1.8 million unemployed individuals in February. National Economic and Development Authority.....»»
Mactan airport records higher passenger traffic for Q1 2024
CEBU CITY, Philippines — The country’s second busiest airport welcomed close to 3 million passengers for the first quarter this year. Passenger traffic at the Mactan Cebu International Airport (MCIA) reached 2,692,815 from January to March 2024, data from the Mactan Cebu International Airport Authority (MCIAA), the government body co-managing the airport, showed. The figures.....»»
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......»»
AboitizPower earnings rise 4 percent to P7.9 billion in Q1
Aboitiz Power Corp. hiked its net income by four percent in the first quarter to P7.9 billion due to higher generation portfolio margins......»»
Health workers march for higher wages
Health workers from public and private hospitals held a nationwide protest yesterday, Health Workers’ Day, urging the government to address issues affecting the health sector......»»
CVIRAA 2024: Cebu City boasts modern hosting of games
CEBU CITY, Philippines — Cebu City is setting the bar higher in terms of hosting the Central Visayas Regional Athletic Association or CVIRAA 2024 through its modern approach of this week-long meet. In an interview with CDN Digital, Adolf Aguilar, the Department of Education (DepEd) Cebu City games management services head and assistant schools division.....»»
Philippine inflation rate slightly quickens to 3.8 pct in April
MANILA, May 7 (Xinhua) -- Year-on-year inflation in the Philippines rose to 3.8 percent in April from 3.7 percent in March due to the continued increases in food and transport prices, the Philippine Statistics Authority (PSA) said on Tuesday. In a news conference, PSA head Dennis Mapa said the uptrend in overall inflation in April was primarily driven by the higher year-on-year increase in food and non-alcoholic.....»»
SM Prime builds up profit to P10.5 billion
Sy-led integrated property developer SM Prime Holdings Inc. booked higher profit in the first quarter on the back of robust revenues, particularly from its malls......»»
Higher GOCC remittances to help reduce debt – Marcos
Higher remittances from government-owned or controlled corporations will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday......»»
‘Bring CA ruling on power rate hikes to SC’
An official of the House of Representatives called on the Energy Regulatory Commission (ERC) to elevate to the Supreme Court (SC) a December 2023 Court of Appeals (CA) ruling that could pave the way for higher power rates to the detriment of consumers. .....»»
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......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
Progressive groups: Resolve hunger, poverty
SEVERAL progressive groups staged a Labor Day protest at Freedom Park, Roxas Avenue, on Wednesday morning, May 1, 2024, demanding higher wages to resolve hunger and mass poverty in the Davao Region......»»
SEC awaits ARTA study on proposed higher fees
The Securities and Exchange Commission is ready to implement the proposed hike in charges and fees as soon as it passes the regulatory impact assessment of the Anti-Red Tape Authority......»»
Private school educators bat for higher wages on Labor Day
A group of private school educators called on President Marcos Jr. on Labor Day to raise private school teachers' salaries and to institutionalize a national minimum salary standard for them......»»
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......»»
President Marcos OKs DepEd’s basic education plan, other measures
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, approved on Thursday three priority projects, including a medium-term basic education plan and a higher project cost for a world-class cancer center of the University of the Philippines-Philippine General Hospital (UP-PGH)......»»
Business units power up AEV profit to P4.9 billion in Q1
Conglomerate Aboitiz Equity Ventures Inc. (AEV) registered strong profitability in the first quarter, driven by higher contributions from its business units......»»
Robinsons Retail posts higher earnings in Q1
Higher sales from new stores and sustained demand in the food retail and drugstores segments boosted earnings of Gokongwei-owned Robinsons Retail Holdings Inc. in the first quarter......»»
Ayala Group scales up 2024 budget to P284 billion
The Ayala Group is hiking its capital expenditures this year, with its property and energy units poised for higher spending to support their expansion......»»