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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.....»»
Filinvest Development FY23 profit: P12.1-B (up 46%)
Filinvest Development, the Gotianun Family’s mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion......»»
DOTr needs P12.5 billion to build 200 ports
The Department of Transportation said it needs at least P12.5 billion to build 200 more ports under the Marcos administration, underscoring the need to improve connectivity in remote islands......»»
P12 billion cash aid to rice farmers fully distributed by June – Department of Agriculture
The Department of Agriculture (DA) targets to complete the distribution of P12.09 billion cash assistance to nearly 2.4 million rice farmers by the end of the first half after the program was hindered by last year’s election ban......»»
Universal Robina FY23 profit: P12.8-B (down 12%)
Universal Robina, the Gokongwei Family’s consumer foods manufacturer, posted an FY23 net income of P12.8 billion, which was down 12% from FY22’s P13.6 billion which URC said was a “high base” due to the gains recognized on the sale of land......»»
RLC posts record P12.1 billion profit in 2023
Robinsons Land Corp. raked in a record profit of P12.06 billion in 2023 as malls gained from the recovery of consumer confidence and spending......»»
Japanese offer tech to cut cost of road repairs
Japan-backed tech innovators are bringing into the Philippines a new service that lowers the cost of fixing road damage by analyzing and recording them through a satellite......»»
P12.2M nga drugas nasakmit sa CCPO
P12.2M nga drugas nasakmit sa CCPO.....»»
Cavite lotto player wins P12.9 million jackpot
A bettor in Dasmariñas, Cavite won the P12.9-million jackpot in the Regular Lotto 6/42 drawn on Tuesday night, the Philippine Charity Sweepstakes Office announced yesterday......»»
RLC s net income hits all-time high to P12.06B in 2023
RLC s net income hits all-time high to P12.06B in 2023.....»»
P12.9-M worth marijuana plants uprooted in Sulu
Anti-narcotics agents uprooted P12.9 million worth of marijuana shrubs neatly planted in rows in an upland farm in Barangay Masjid Punjungan in Kalingalan Caluang town in Sulu on Sunday......»»
Losses to Philippine agriculture due to El Nino reach 31 mln USD
MANILA, March 20 (Xinhua) -- The El Nino dry spell and ensuring drought have caused over 1.75 billion pesos (roughly 31 million U.S. dollars) in damage to Philippine agriculture, a senior government official said Wednesday. This year's losses due to El Nino are still low compared to 2009 when the damage to agriculture reached 17 billion pesos (302 million dollars), Presidential Communications Office Assistant Se.....»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
Western Visayas El Niño agricultural damage now P770.5 million
Damage to agriculture in Western Visayas due to El Niño has increased to P770.5 million as of April 1, according to the Office of Civil Defense......»»
El Niño agri damage hits P1.2 billion — NDRRMC
In NDRRMC’s latest report, the total damage in agriculture recorded was estimated at P1,236,853,305 with a total volume of 44,845.42 metric tons. .....»»
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......»»
Ong: Electricity cost
Ong: Electricity cost.....»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Cebu Pacific wins accolades as among best low-cost, Safe Airlines
Cebu Pacific wins accolades as among best low-cost, Safe Airlines.....»»
Cebu Pacific named among safest budget carriers globally
Low-cost carrier Cebu Pacific has landed as one of the safest low-cost airlines in the world, beating nearly 400 global operators in terms of compliance with international standards, according to AirlineRatings.com......»»