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GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

VP Sara ready to face ICC charges only before a Filipino court

Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Sara reveals she will run in next polls

Summary: Sara Duterte, the Vice President and Education Secretary, announced her intention to run in the next election during a visit to flood victims in Barangay Bago Gallera. In a Facebook Live video, she mentioned that her brothers, Davao City Mayor Sebastian “Baste” Duterte and First District Rep. Paolo “Pulong” Duterte, may not run in the next election, prompting her decision to campaign. However, she did not specify the position she would be running for. The upcoming election will be the 2025 midterm senatorial elections for senators, congressmen, and local officials, with the presidential national elections scheduled for 2028. Duterte also emphasized the importance of barangay development councils in times of calamity and stressed the need for disaster resilience and awareness among barangay officials and children. Additionally, she highlighted the significance of safety and security, urging trust in security personnel and caution against scammers and swindlers. Duterte also emphasized the importance of education for the younger generation and the equal opportunities it provides. This announcement comes amidst her visits to various areas in the Philippines, where she has been extending aid and addressing pertinent issues such as disaster resilience and community safety......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

State firms get higher subsidies

The government ramped up its budgetary support to state-run firms by 35 percent to almost P13 billion in February, with the bulk of the subsidies intended to fund irrigation projects......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Ferrari team principal looks forward to ‘huge opportunity’ with Hamilton

Ferrari team principal looks forward to ‘huge opportunity’ with Hamilton.....»»

Category: newsSource:  sunstarRelated NewsFeb 14th, 2024

Shang Properties looks forward to a stronger 2024 with its successful rebrand and new property launches

Shang Properties looks forward to a stronger 2024 with its successful rebrand and new property launches.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

DBP eyes pact with CL state firms, LGUs

State-owned Development Bank of the Philippines is actively engaging several state corporations based in Central Luzon in a bid to expand its services to priority clientele especially those outside of its traditional market and city centers, a top official said......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Gaming revenues beat target, hit record P285 billion in 2023

The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Andres Muhlach shares qualities he looks for in a girl

Given his good looks, natural charm and showbiz pedigree, it came as a surprise to the members of the media when Andres Muhlach revealed at a presscon that he’s never had a girlfriend since birth......»»

Category: entertainmentSource:  philstarRelated NewsApr 17th, 2024

EU looks sad - Russian tycoon

Unlike the US and China, the bloc doesn't have the money to pursue innovation, Oleg Deripaska has said   The European Union looks particularly "sad" amid the ongoing global economic slowdown due to a lack of technology and finances to institute structural changes and invest in innovation, Russian busines.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

Stocks to test 7,000 resistance

The stock market looks to sustain its momentum and advance to the 7,000 level this week, with investors keeping an eye on more corporate earnings results and positive cues abroad to fend off selling pressures......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Defending champs CS4 beats Davies Paints in AEBC Corporate Cup opener 

CEBU CITY, Philippines — The defending champions, CS4, routed Davies Paints, 73-60, to start their title retention campaign on the winning side of the ongoing Architects and Engineers Basketball Club (AEBC) 7th Corporate Cup 2024. Kyle Esbra finished with a game-high of 22 points with one rebound, two steals, and two assists. Garrick Bande added.....»»

Category: newsSource:  inquirerRelated NewsMar 17th, 2024

BE Group’s vision unveiled

BE Group of Companies ushers in a new chapter with the inauguration of its new corporate office on the 15th floor of Mabuhay Tower in Cebu IT Park on January 24, 2024. The new corporate headquarters blends traditional Filipino design with sleek modern aesthetics and integrates innovative smart technology. Spanning more than 1,000 square meters,.....»»

Category: newsSource:  inquirerRelated NewsJan 26th, 2024

State revenues hit P1.4 trillion in April

The country generated P1.4 trillion in revenues from January to April as the government ramped up its revenue mobilization efforts, Finance Secretary Ralph Recto said......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

La Union posts P1 billion in tourism revenues

The provincial government of La Union recorded P1.04 billion in tourism revenues last year......»»

Category: newsSource:  philstarRelated NewsFeb 25th, 2024

Pampanga records P1B quarry revenues in 2023

Pampanga records P1B quarry revenues in 2023.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

Tax revenues jump to P3.4 trillion

The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

BOC rakes in P73 billion in revenues in January

The Bureau of Customs is off to a good start this year after it collected P73 billion in revenues in January on enhanced valuation and improved trade facilitation......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

PHL gross gaming revenues breach P200B in 2 straight years

PHL gross gaming revenues breach P200B in 2 straight years.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

AEBC Corporate Cup: Deo tows CBM Engineering past Davies Paints

CEBU CITY, Philippines — The CBM Engineering cruised to its second straight win behind Ivan Deo’s 30-point game against Davies Paints, 88-77, in the Architects and Engineers Basketball Club (AEBC) 7th Corporate Cup 2024 on Friday evening, March 22, at the University of San Carlos (USC) main campus gymnasium.  Deo erupted for 30 points, and.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2024