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BOI eyes ₱1.3T-1.5T investment approvals in 2024

January 8, 2024
Business
 Andrea E. San Juan

THE Board of Investments (BOI) said it is eyeing around P1.3 trillion to P1.5 trillion worth of investment approvals for 2024, with Renewable Energy (RE), RE equipment manufacturing, and mineral processing investments seen occupying a larger chunk of ...
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Ease of Paying Taxes law’s signing seen to fuel growth

January 8, 2024
Business
 Jovee Marie N. de la Cruz

PRESIDENT Ferdinand R. Marcos Jr. has officially signed Republic Act 11976, or the Ease of Paying Taxes Act, to stimulate the economy and safeguard taxpayer rights.
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Red Sea attacks on vessels hiking shipping cost–experts

January 8, 2024
Business
 Andrea E. San Juan

ATTACKS on commercial vessels in the Red Sea will put pressure on freight cost especially for cargo from Europe and Africa, according to the president of the Association of International Shipping Lines Inc. (AISL).
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23 hostages in Gaza dead, Hamas holding 129–Israel

January 8, 2024
Business
 Malou Talosig-Bartolome

TWENTY-THREE hostages of the Hamas in Gaza Strip are dead, while 129 are still being held by the Hamas militants, the Israel military said.
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Panay outage probe starts soon as blame game rages

January 8, 2024
Business
 Jovee Marie N. de la Cruz and Lorenz S. Marasigan

THE House Committee on Energy will begin its probe this week into the region-wide unscheduled and intermittent blackout in Western Visayas or Panay Island.
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PHL meat imports dip double digits to 111 MMT in 11 mos

January 8, 2024
Business
 Cai U. Ordinario

THE country’s meat imports posted a double-digit decline in the January to November 2023 period, according to data released by the Bureau of Animal Industry (BAI).
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‘Cha-cha via Con-Ass poses serious risk to checks and balances’

January 8, 2024
Business
 Jovee Marie N. de la Cruz

A SENIOR lawmaker and a party-list group have expressed concern about the attempt to convene a constituent assembly controlled by only one chamber in Congress, eroding constitutional checks and balances.
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Toronto police investigating Queen West area homicide

January 8, 2024
International
 Tessa Bennett
Toronto's homicide unit is investigating the death of a man who was found with serious injuries Saturday night in the Queen Street West area.
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Indian Navy saves 6 Pinoys, 15 more off Somalia

January 8, 2024
Business
 Malou Talosig-Bartolome

THE Indian Navy’s elite Marine commandos rescued 21 seafarers, including 15 Indians and six Filipinos, from pirates off the coast of Somalia, Indian Ambassador to Manila Shambhu Kumaran said.
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Albay mayors confirm Cha-cha campaign via people’s initiative

January 8, 2024
Business
 Jovee Marie N. de la Cruz

ALBAY municipal mayors have confirmed their endorsement of the proposal to amend the 1987 Constitution through a people’s initiative, opting for this method among the three available options for charter change.
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Taguig vows health services after centers in Makati shut

January 8, 2024
Business
 Claudeth Mocon-Ciriaco

FOLLOWING Makati City’s “abrupt” closure of the eight health centers in the Embo (Enlisted Men’s Barrio) area, the city government of Taguig has ensured that health services will continue in these barangays.
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MMDA collected nearly 26 truckloads of trash

January 8, 2024
Business
 Claudeth Mocon-Ciriaco

THE Metropolitan Manila Development Authority (MMDA) has collected a total of 25.52 truckloads of trash from selected areas across the 17 local government units in Metro Manila as part of its participation in government’s clean-up drive held over the ...
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Bong Go gives assistance to fire victims in Davao City

January 8, 2024
Business
 BusinessMirror

SENATOR Christopher “Bong” Go dispatched his Malasakit Team to Davao City and provided assistance to fire victims at the respective evacuation centers of Barangays Matina Crossing and Calinan Poblacion on Wednesday, January 3.
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MMFF extended till Jan 14–MMDA

January 8, 2024
Business
 Claudeth Mocon-Ciriaco

THE Metro Manila Film Festival (MMFF) on Sunday night announced that the theatrical run of its 10 movie entries is extended until January 14.
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‘Keep Luneta garbage-free during Traslacion’–group

January 8, 2024
Business
 BusinessMirror

THE EcoWaste Coalition urged the management of Rizal Park to strictly enforce the “no smoking, no littering” policy during the conduct of Traslacion 2024 on January 9 to protect public health and the environment.
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Nancy prods DOT to help tourism stakeholders prepare for outages

January 8, 2024
Business
 Ma. Stella F. Arnaldo

Ma. Stella F. Arnaldo / Special to the BusinessMirror
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Industry group seeks balance in ‘holiday economy’

January 8, 2024
Business
 Andrea E. San Juan

GOVERNMENT should ensure that its promotion of long weekends will not compromise the competitiveness of industries, according to the Philippine Chamber of Commerce and Industry (PCCI).
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Traders’ request for price adjustment under review

January 8, 2024
Business
 Andrea E. San Juan

THE consumer protection arm of the Department of Trade and Industry (DTI) announced it would release an updated Suggested Retail Price (SRP) bulletin of basic necessities and prime commodities within the first quarter of the year.
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‘Consolidation key to jeepney modernization’

January 8, 2024
Business
 Lorenz S. Marasigan

The Department of Transportation (DOTr) argued over the weekend that industry consolidation is essential for the success of the Public Utility Vehicle Modernization Program (PUVMP).
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Construction of MWC pumping station, reservoir under way

January 8, 2024
Business
 BusinessMirror

THE Manila Water Co. Inc. (PSE: MWC) announced the company is currently constructing the P1.391-B Cayetano Pumping Station and Reservoir in Taguig City.
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DMCI unit will invest $12M in Semirara wind project

January 8, 2024
Business
 Lorenz S. Marasigan

The DMCI Power Corp. (DPC) is investing $12 million in its onshore wind project on Semirara Island, home of the biggest coal reserve in the Philippines.
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‘Chemrez is main beneficiary of hike in biodiesel blend’

January 8, 2024
Business
 VG Cabuag

Chemrez Technologies Inc., the biodiesel manufacturing unit of D&L Industries Inc., is set to benefit from the latest government circular that proposes to increase the biodiesel blend in fuels to 3 percent starting this year.
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Meralco: 3 firms submit best CSP bids

January 8, 2024
Business
 Lorenz S. Marasigan

The Manila Electric Co. (Meralco) has announced the lowest bidders for its 1,800-megawatt (MW) power supply requirement.
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PSE says mobile app caused trading halt

January 8, 2024
Business
 BusinessMirror

The Philippine Stock Exchange Inc. (PSE) said the trading halt last Wednesday was caused by the mobile trading application and its process of authenticating all accounts.
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SEC warns public against investing in Eton Trading

January 8, 2024
Business
 VG Cabuag

The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for conducting unauthorized investment solicitation activities.
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Stock-Market Outlook

January 8, 2024
Business
 VG Cabuag

Last week
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Kenny Rogers bullish on growth prospects

January 8, 2024
Business
 Roderick L. Abad

Restaurant chain Kenny Rogers Roasters is bullish on its growth prospects in 2024, after posting a 22-percent systemwide sales growth last year.
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Lower tariffs, revival of PHL mango exports eyed by DA

January 8, 2024
Business
 BusinessMirror

MANILA is keen on negotiating for lower tariffs for bananas and the revival of its mango exports to Tokyo, according to the Department of Agriculture (DA).
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How to elevate finance value through Generative AI

January 8, 2024
Business
 KPMG Perspectives

GENERATIVE AI (Gen AI) is currently causing a buzz across the commercial world. While artificial intelligence (AI) and machine learning have been successfully applied to specific problems for some time, the ability of Gen AI to generate new content an...
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Subsidy offered as DepEd stops Senior-HS program

January 8, 2024
Business
 Jovee Marie N. de la Cruz

STUDENTS dislocated due to the discontinuance of senior high school (SHS) programs in state universities and colleges (SUCs) can shift to private education institutions and avail of tuition subsidy from the national government, according to the vice-c...
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TRB: All toll exits go cashless by June

January 8, 2024
News
 Elijah Felice Rosales
The Toll Regulatory Board wants to include all toll plazas under the dry run for cashless transactions by June, as it banks on the program to speed up the flow of traffic in expressways.
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President Marcos resolutions: More family time, better health

January 8, 2024
News
 Helen Flores
Spending more time with family and keeping himself healthy are among President Marcos’ New Year’s resolutions.
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COP28: Philippines at the forefront of energy transition

January 8, 2024
News
 John Eric T. Francia
The beginning of a year typically ushers renewed hope, and I believe that there is much to be hopeful for.
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President Marcos open to discuss SMNI probe with Rody

January 8, 2024
News
 Helen Flores
President Marcos is always open to discuss issues with his predecessor, former president Rodrigo Duterte, Malacañang said on Sunday.
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Duterte debunks destabilization, opposes Cha-cha

January 8, 2024
News
 Edith Regalado
Former president Rodrigo Duterte shrugged off reports of disgruntled police and military officials holding a secret government destabilization meeting with him here in Davao City.
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Review CHED officials’ qualifications, President Marcos urged

January 8, 2024
News
 Delon Porcalla
President Marcos should take a serious look at the qualifications of officials of the Commission on Higher Education after they ordered a “stoppage” of the K-12 educational program of the state universities and colleges taking in senior high school (SH...
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14 nations warn Houthis vs Red Sea attacks

January 8, 2024
News
 Pia Lee-Brago
Fourteen nations led by the United States warned against further attacks in the Red Sea and called for the release of vessels and crews.
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House probes this week ‘corruption’ in PUV modernization

January 8, 2024
News
 Cecille Suerte Felipe
The first hearing of the House committee on transportation has been set for Jan. 10 following Speaker Martin Romualdez’s order to verify reported anomalies in the public utility vehicle modernization program.
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