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Dr. Chichoy Carabuena had a problem. He wanted the school he owned and ran – the Generoso Carabuena Academy of Pedagogy in Santa Vicenta – to place higher in both national and international rankings, partly so he could raise tuition fees and also so he could claim bragging rights among his university-president friends and drinking buddies. He had inherited the school from his grandfather; Generoso Carabuena was a banker who had collaborated with the Japanese and stolen the money they left behind to open a school for teachers, which was his wife’s dream, becoming a war hero in the process for outsmarting the enemy......»»
Philippines to save P16 billion annually from higher ethanol blend
Increasing the ethanol blend in gasoline products from 10 percent to 20 percent could cut fuel prices by as much as four percent, resulting in as much as P16 billion in annual savings for Filipino vehicle owners, according to the United States Department of Agriculture-Foreign Agricultural Service......»»
Strong core businesses underpin GT Capital Q1 performance
Conglomerate GT Capital Holdings Inc. delivered higher earnings in the first quarter, bolstered by the strong performances of its core businesses......»»
Philippines sees remittances rise 2.6 pct in March
MANILA, May 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.05 billion U.S. dollars in March, recording a 2.6 percent growth year-on-year, the Philippine central bank said on Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first quarter amounted to 9.15 billion dollars, 2.8 percent higher than the amount in the same period in 2023. The.....»»
Marcos education priorities: Climb world rankings, keep free tuition law
President Ferdinand Marcos Jr. believes the government and the private sector must pool their efforts together to improve the state of higher education after a recent Times Higher Education ranking showed Philippine universities' relatively weaker standing compared to other Asian countries......»»
Meralco rates up this month
Household consumers should expect higher electricity bills this month as energy utility provider Manila Electric Co. increased rates by P0.4621 per kilowatt hour, to P11.4139 per kWh from P10.9518 per kWh last month......»»
Eastern Visayas posts 5.1 percent unemployment rate in July 2023
Eastern Visayas’ unemployment rate peaked at 5.1 percent in July 2023, higher by 0.9 percentage point than the 4.2 percent unemployment rate in April 2023......»»
Balai off to a hot start with higher income
Listed bakery operator Balai ni Fruitas Inc. is off to a hot start in 2024, with net income surging by 38 percent to P13.2 million in the first quarter......»»
Higher tariff, water use buoy Manila Water earnings
Razon-led Manila Water Company Inc. saw its first quarter net income grow by more than a third compared to last year on the back of higher tariff coupled by increase in water usage in its covered areas......»»
Axelum turns around in Q1 on higher sales
Higher sales helped Axelum Resources Corp. post a positive turnaround in the first quarter......»»
PBCom profit drops 8.4 percent in 3 months
Philippine Bank of Communications posted a net income of P496 million in the first quarter of the year, down by 8.4 percent from a year ago due to higher operating expenses......»»
Retail prices of building items increase at faster pace in April
Retail prices of construction materials in Metro Manila moved up at a faster rate in April from the previous month, with most commodity groups posting higher increases, according to the Philippine Statistics Authority......»»
Sy-led Dominion Holdings books higher income in 1st quarter
Earnings of Dominion Holdings Inc. (formerly BDO Leasing & Finance Inc.) jumped by 30 percent to P75.9 million in the first quarter from P58.3 million in the same period last year......»»
Banks to ramp up lending to agriculture sector
Banks are looking to increase lending to the agriculture sector this year amid better economic conditions, higher demand for agricultural loans and consolidation of government programs that would boost banks’ agricultural loan portfolio......»»
Figaro posts rise in quarterly earnings
Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues......»»
Philippines GDP expands by 5.7 pct in Q1
MANILA, May 9 (Xinhua) -- The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said Thursday. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower than the 6.4 percent expansion posted in the first quarter of 2023. PSA head Dennis Mapa told a press conference that.....»»
ERC urged to defer power rate hikes
It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»
F& B firms post strong earnings in January-March
Food and beverage firms led by Ramon Ang and the Po family recorded strong first quarter results on the back of higher sales for the period......»»
Philippine economy grows by 5.7% in Q1 2024
The latest economic print is slower than last year’s growth in the same period with 6.4% but higher than the fourth quarter of 2023 with 5.5%......»»
DENR airs concern over water leaks in houses, buildings
There is a higher percentage of leaky water pipes in households and buildings compared to pipes along roads in Metro Manila, an official of the Department of Environment and Natural Resources warned even as Angat Dam’s water level continued to drop yesterday......»»