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Man-made disasters cost Philippines 164.87 mln USD in 2023
MANILA, March 26 (Xinhua) -- Man-made disasters caused the total damage in the Philippines worth 9.29 billion pesos (164.87 million U.S. dollars) in 2023, the Philippine Statistics Authority (PSA) said Tuesday. The agency said that out of the total annual damage, 4.93 billion pesos (87.5 million dollars), or 53.1 percent, was due to the oil spill. "The reported oil spill in various regions resulted in dam.....»»
Wilcon ramps up expansion to hit 100-store goal this year
Home improvement and construction supplies retailer Wilcon Depot Inc. is ramping up its expansion this year to hit its 100-store target......»»
Boss Toyo wish mabili Lastikman costume ni Vic Sotto
HINAYANG NA HINAYANG si Boss Toyo na hindi niya nabili ang sports car ni Daniel Padilla. Ito ang inamin sa amin ni Boss Toyo nang makausap sa contract signing niya with Eevor Skin Care Depot (SCD, na pag-aari ni Ms Grace Angeles) bilang partner at ambassador kasama si Sassa Dagdag. “Medyo nagkamali ako kasi hindi ko nabili,” may himig pagsisisi ng ….....»»
Bumina-ang submits Chinese foe in ONE Thailand card
Filipino mixed martial artist Carlo Bumina-ang had a dominant start to the year in ONE Championship, submitting Chinese opponent Xie Zhipeng in ONE Friday Fights 50 at the Lumpinee Boxing Stadium in Bangkok, Thailand......»»
A glance at government s windfall from SMC’s NAIA takeover
The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»
SMC scraps plans to build P100 billion Pasig River tollway
Diversified conglomerate San Miguel Corp. will no longer pursue its plan to build a toll road on the Pasig River, succumbing to pressure from opposition groups......»»
Philippine Airlines FY23 profit: P21.2-B (up 105%)
Philippine Airlines reported a FY23 net income of P21.2 billion, up 105.5% from its FY22 net income of P10.4 billion......»»
Petron reports 51 percent jump in 2023 earnings
The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»
Microinsurance premiums up 20 percent
Insurance contributions from low-income Filipinos amounted to P10.2 billion from January to September 2023, up by nearly 20 percent from P8.49 billion in the same period a year ago, according to the Insurance Commission......»»
Mindoro oil spill damage valued at P41.2B — report
The sinking of oil tanker MT Princess Empress in Oriental Mindoro last year caused at least P41.2 billion worth of damage to the environment and coastal communities, according to a report by a sustainability think tank......»»
Pasig River
On Jan. 17, 2024, I attended the launch of the Pasig Bigyang Buhay Muli redevelopment project for Metro Manila’s most famous river, as a guest of the First Couple......»»
SMC’s F& B unit nets record P38 billion in 2023
The food and beverage unit of San Miguel Corp. reached new heights in 2023 as it raked in an all-time high profit of P38.1 billion, with all segments clocking in growth......»»
Zambales becomes first-class province; Governor Ebdane reveals 5-year plan
Zambales has been gearing up for its P2.6 billion development project through a 10-point comprehensive plan for inclusive growth and progress.....»»
After malls, ALI giving makeover to Seda Hotels, El Nido Resorts
The hospitality business of Ayala Land Inc. (ALI) is also getting a major makeover alongside the ongoing redevelopment of its major malls......»»
Capitol defends plans to relocate in Balamban
CEBU CITY, Philippines – The Cebu Provincial Government defended its plans to relocate its seat of power to Balamban town in western Cebu amid criticisms following site redevelopment in the locality’s mountains. Furthermore, they assured the public, including environmentalists, claiming that the project would not ‘bring massive environmental damage in Cebu.’ The Capitol made this.....»»
Oil prices headed for weekly gains as Israel rejects ceasefire offer
(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or.....»»
Oil prices hit fresh five-month high
Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output......»»
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.....»»
Criminal raps recommended for MT Princess Empress owners in Mindoro oil spill
The Department of Justice recommended the filing of criminal charges against owners and corporate officers of Motor Tanker Princess Empress over the oil spill in Oriental Mindoro in February 2023......»»
Oil prices up for fourth straight week
Here are the oil price adjustments in the last week of January......»»