NFW distributes Christmas goodies to troops in WPS
December 25, 2023
NAVAL Forces West (NFW) has facilitated the distribution of Christmas goodies and other essential supplies to the troops and communities located in the West Philippine Sea.
Business
‘Polong’ Duterte bill expands PWD job slots mandate to private sector
December 25, 2023
DAVAO City 1st District Representative Paolo Duterte has proposed a measure to make it compulsory for private enterprises with more than 100 employees to allot at least one percent of their total positions to qualified persons with disabilities (PWDs).
Romualdez lauds PBBM for ₱170-B actual investments from Japan visit
December 25, 2023
SPEAKER Martin Romualdez on Friday congratulated President Ferdinand Marcos Jr. for the successful outcomes of his Japan visit earlier this year, and vowed support in helping local enterprises in pursuing the business leads that these spawned.
Rice prices scale fresh 15-year high as supply risks linger
December 25, 2023
Rice prices reached a fresh 15-year high on mounting concerns that increased demand and the impact of El Niño will further tighten supplies of the grain that is a staple for billions across Asia and Africa.
DA tags 12 more provinces avian influenza-free this year
December 25, 2023
THE Philippines declared 12 provinces free from avian influenza (AI) this year, bringing to 14 the total number of areas that have recovered from the transboundary animal disease.
Villafuerte hopes DA’s Laurel will pick up proposal to let government sell rice at P20 a kilo
December 25, 2023
A HOUSE leader expects Agriculture Secretary Francisco Tiu Laurel Jr. to continue interacting with the governors of the country’s biggest palay-growing provinces on how to dramatically boost the domestic supply of rice and pull down the retail cost of...
PHL imports 120,000 MT onions, garlic to fill local need–BPI data
December 25, 2023
THE Philippines has imported almost 120,000 metric tons (MT) of onions and garlic to augment its domestic supply to meet its domestic requirement for the spices, latest Bureau of Plant Industry (BPI) data showed.
Exporters group says electronics sector key to 5%-6% PHL export growth in 2024
December 25, 2023
THE country’s exports could grow 5 to 6 percent in 2024, with the electronics sector as the growth driver, according to an official of the Philippine Exporters Confederation Inc. (Philexport).
Amid RE’s gains, power sector faces tough hurdles next year
December 25, 2023
THIS year’s push for renewable energy (RE) transition has undeniably made progress, but next year appears to be tougher for the power sector as experts warned that the El Niño phenomenon will persist until the second quarter.
Breaking down the AI chatbot frenzy: 4 crucial insights from 2023
December 25, 2023
Within four months of ChatGPT’s launch on November 30, 2022, most Americans had heard of the AI chatbot. Hype about—and fear of—the technology was at a fever pitch for much of 2023.
From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
December 25, 2023
The tide turned against inflation. Artificial intelligence went mainstream—for good or ill. Labor unions capitalized on their growing might to win more generous pay and benefits.
Why the Chinese are successful in business
December 25, 2023
SINCE the start of the 21st century, Filipino Chinese businessmen have dominated Forbes Asia’s list of the “Philippines’ 50 Richest” in terms of net worth. Every year, the list is being compiled using financial information obtained from the stock exch...
Business priorities as we move into 2024
December 25, 2023
THERE is no question that being a CEO is a tough job and is getting tougher all the time. Here are some priorities that executives should follow as we move into 2024:
Peza targets ₱202 billion-₱250 billion worth of investments in 2024
December 25, 2023
THE Philippine Economic Zone Authority (Peza) said it wants to achieve P202 billion to as much as P250 billion worth of investments in 2024. It described this goal as the level of investment approvals posted by the agency during the leadership of a fo...
Creation of OSAPIEA will speedup development plan’s pace–Neda chief
December 25, 2023
MALACAÑANG’S decision to create the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) could improve the country’s chances of attaining the Philippine Development Plan (PDP).
‘No order yet to study economic Charter change’
December 25, 2023
REMOVING economic restrictions in the Constitution could allow the country to take advantage of economic opportunities in the next few years, according to the National Economic and Development Authority (Neda).
Adidas, Puma dive as Nike sees weaker sales, job cuts
December 25, 2023
SHARES in the biggest global sportswear brands tumbled after Nike Inc. said it would slash jobs in response to weaker sales.
BYD picks Hungary for first European electric-car plant
December 25, 2023
BYD Co. plans to build its first European car factory in Hungary, part of a push by the Chinese electric-vehicle powerhouse to challenge Tesla Inc. as the dominant maker of battery-powered cars.
Meralco eyes securing supply for Summer 2024
December 25, 2023
THE Manila Electric Co. (Meralco) wants to secure at least 650 megawatts (MW) of power supply intended for the summer months of 2024.
Prime Energy to park hefty cash in Malampaya project
December 25, 2023
RAZON-led Prime Energy Resources Development B.V. (Prime Energy) is allocating next year at least 31 percent of the planned $600-million work program investment for the Malampaya gas field.
Petron to end year with ₱12 billion income
December 25, 2023
THE country’s lone oil refiner may end the year with P12 billion in net income, double from last year’s P6.7 billion, Petron Corp. President Ramon S. Ang said.
‘2023 good year for real estate sector’
December 25, 2023
REAL estate broker Leechiu Property Consultants Inc. said capital values across Metro Manila’s main commercial districts have sustained their levels despite local and global headwinds throughout the year.
SMC nears BESS projects completion
December 25, 2023
THE power unit of conglomerate San Miguel Corp. (SMC) is set to complete next month its 32 battery energy storage system (BESS) projects with a combined capacity of 1,000 megawatt hours (MWh).
Beauty and excellence
December 25, 2023
THE wonderful world of Philippine pageantry had an early, pretty little Christmas.
Net Asset Value Per Share (NAVPS) Performance (as of December 21, 2023)
December 21, 2023
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GSIS to insure over 132,000 school buildings for P843 billion
December 21, 2023
State-run Government Service Insurance System (GSIS) said it will provide fire insurance for more than 132,000 public school buildings under the Department of Education (DepEd) nationwide. The total fire insurance for these public school buildings is worth P843.11 billion, and will cover fire, lightning and natural catastrophes for a one-year period effective Jan. 1, 2024. […]
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NTC suspends operations of SMNI
December 21, 2023
The National Telecommunications Commission (NTC) said Thursday it suspended the operations Sonshine Media Network International (SMNI) for 30 days over alleged violations of its franchise terms. SMNI is the media arm of the Kingdom of Jesus Christ led by Pastor Apollo Quiboloy. The regulator, acting on the House of Representative’s Resolution No. 189, issued a […]
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FAKE NEWS | Malacañang says Proclamation 427 declaring December 22 as ‘special half-working day’ is untrue
December 21, 2023
Malacañang on Thursday denied it issued a proclamation allegedly declaring December 22, 2023 as a special half-working day nationwide.
Marian Rivera and Dingdong Dantes on personal lives: ‘Not everything is shared’
December 21, 2023
Celebrity couple Marian Rivera and Dingdong Dantes have recently disclosed that a mere one percent of their lives are exposed to the public.
Mocasa bridges gap for Filipinos towards better access to credit services
December 21, 2023
The Philippines financial landscape is going digital, as e-wallets have made purchases and money transfer services more convenient for Filipinos. This digital migration has helped the unbanked and under-banked in the country, by giving them access to ...
Toyota recalls one million US vehicles on airbag concerns
December 21, 2023
Japanese carmaker Toyota announced Wednesday that it was recalling around a million Toyota and Lexus vehicles in the United States, citing concerns about their airbag systems. The vehicles include some of the manufacturing giant’s popular Camry, Corolla, and Highlander lines, with the recall involving concerns about the sensors in the front passenger seat. These sensors […]
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RDF holds thanksgiving event
December 21, 2023
More than 800 employees of RDF Feed, Livestock & Feeds, Inc. gathered in a thanksgiving event to celebrate the company’s 35th founding anniversary, which was held at the central depot on December 7, 2023. Highlights of the activity were the Employ...
ASICS Meta: Time: Trials Malaysia Edition wraps up in triumph and personal bests with 3,000 participants celebrating victory
December 21, 2023
The ASICS META: Time: Trials Malaysia Edition concluded on a high note at Persiaran Flora, Cyberjaya, leaving an indelible mark on the running community with a sold-out crowd of 3,000 runners.
PHL trims November BOP gap 71% to $216 million
December 21, 2023
THE Philippines trimmed its balance of payments (BOP) deficit in November by over 70 percent year-on-year to $216 million, but it remained the widest in two months, according to the Bangko Sentral ng Pilipinas (BSP).
Marcos names 4 new MIC directors
December 21, 2023
PRESIDENT Ferdinand R. Marcos, Jr. has appointed four new directors of the Maharlika Investment Corp. (MIC), including a long-time Asian Development Bank (ADB) officer.
Prudent debt tack: PBBM’s vow as he signs 2024 budget
December 21, 2023
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday assured the nation his administration will implement sound “fiscal stewardship” in the spending of the over P5.768-trillion 2024 national budget.
DMW backs ITF plea for PHL seafarers’ safety in Red Sea
December 21, 2023
THE Department of Migrant Workers (DMW) has joined the International Transport Workers Federation (ITF) in advocating the safety and well-being of Filipino seafarers amid the recent drone, missile, and rocket attacks on marine vessels navigating the R...
OFWs to play key role in ‘new Philippines’ campaign
December 21, 2023
CITING the invaluable contribution of overseas Filipino workers (OFW) to the country’s socioeconomic development, President Ferdinand R. Marcos, Jr. on Wednesday said they will play a crucial role in his administration’s campaign towards a “New Philip...