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Almost P1.2 trillion investments approved for green lane processing – BOI
Nearly P1.2 trillion worth of strategic investment projects have been approved for green lane processing since the approval of the executive order on the establishment of green lanes services, according to the Board of Investments......»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
BrahMos consignment to Philippines: 'Could this have been imagined during Congress rule?' asks PM Modi
Bengaluru (Karnataka) [India], April 20 (ANI): Referring to the first consignment of India's BrahMos missile to the Phillippines, Prime Minister Narendra Modi on Saturday asked whether all this could have been imagined during Congress rule. "Yesterday, the first consignment of India's BrahMos missile has been dispatched to the Philippines. This has generated employment opportunities in large numbers on the ground level. C.....»»
Putin poised to rule Russia for 6 more years after an election with no other real choices
Putin poised to rule Russia for 6 more years after an election with no other real choices.....»»
Putin poised to rule Russia for 6 more years after an election with no other real choices
Putin poised to rule Russia for 6 more years after an election with no other real choices.....»»
Elmer Bartolo, Madelyn Carter rule 'Araw' Davao City Marathon 2024
Elmer Bartolo, Madelyn Carter rule 'Araw' Davao City Marathon 2024.....»»
USJ-R Jaguars rule Red Bull 3-on-3
USJ-R Jaguars rule Red Bull 3-on-3.....»»
Chiba Jets edge Seoul SK Knights in thriller to rule EASL
Japan B. League’s Chiba Jets stamped their class as the region’s best, capping a perfect campaign with an exciting 72-69 finale win over Seoul SK Knights of the Korean Basketball League to rule the East Asia Super League (EASL) Sunday at the jam-packed Hoops Dome here......»»
Criminologists defeat Medisina to rule over Professionals Basketball League Season 2
Criminologists defeat Medisina to rule over Professionals Basketball League Season 2.....»»
Garcia to Pimentel: Comelec has rule-making power
Garcia to Pimentel: Comelec has rule-making power.....»»
CTTMO heightens 20-sec rule for PUVs
The City Transport and Traffic Management Office (CTTMO) in Davao City is intensifying the enforcement of the 20-second rule for public utility vehicles (PUVs) in loading/non-loading areas to alleviate traffic congestion during peak hours. CTTMO Head Dionisio Abude announced that 36 new traffic personnel will be assigned to monitor yellow boxes and ensure that PUVs, particularly jeepneys, do not exceed the 20-second limit in designated areas. Violators will be issued citation tickets for disregarding traffic signs, and those with expired or fake PUV IDs will face penalties. Additionally, the CTTMO is increasing efforts to curb illegally parked cars and urging drivers to keep intersections clear. These measures, along with the enforcement of the new speed limit policy, aim to promote safe and orderly traffic. Abude emphasized the importance of motorists' cooperation in respecting traffic rules and regulations for a disciplined and courteous driving environment......»»
Arthaland board approves P3-B preferred shares sale
The Arthaland board of directors approved a follow-on offering of up to P3 billion worth of preferred shares at P500/share......»»
San Miguel board approves P20-B bond issuance
San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
Cebu Landmasters board approves P5-B preferred shares offering
Cebu Landmasters announced that its board of directors approved a measure to sell up to P5 billion worth of its Series A preferred shares in an upcoming follow-on offering......»»
New Board Members for UN Voluntary Trust Fund for Victims of Trafficking in Persons Announced
Vienna, 2024: The latest board of trustees of the UN Voluntary Trust Fund for Victims of Trafficking in Persons (UNVTF) has been established. The board is now constituted of:The five anti-human trafficking experts, representing the five UN Regional Groups, were appointed by the UN Secretary General Antonio Guterres to provide strategic guidance to the Trust Fund over th.....»»
PRSP 2024-2025 Board of Trustees takes oath of office in Malacanang
Officers and members of the Board of Trustees of the Public Relations Society of the Philippines (PRSP), 2024-2025, were formally sworn into office in an official oath-taking ceremony held recently in Malacanang Palace. The new PRSP board members took their oath of office before Hon. Cheloy Velicaria-Garafil, Secretary of the Presidential Communications Office (PCO). This […].....»»