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Palace adviser on investments Consing named first head of Maharlika Investment Corp.

November 13, 2023

President Ferdinand R. Marcos, Jr. has appointed Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) Executive Director Rafael D. Consing Jr. as the first head of the Maharlika Investment Corporation (MIC).

AstraZeneca & AC Health’s Healthway Medical Network join forces to combat cancer

November 13, 2023

Business

BMPlus

MANILA – AstraZeneca Philippines and Healthway Medical Network have entered a memorandum of understanding to improve accessibility and availability of medicines for treatment and management of Filipino cancer patients.

Sto. Tomas, Batangas Unity Boodlefight: A thanksgiving for a peaceful and fast barangay election

November 13, 2023

Business

BMPlus

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On Nov. 8, 2023, candidates of the recently concluded Barangay Election filled the ...

Big rewards come from Cleanfuel’s New Rewards app

November 13, 2023

Business

BMPlus

MANILA – CLEANFUEL, the purveyor of Quality Fuel for Less, today announced the launch of its NEW mobile app—the Cleanfuel Rewards App—designed for Filipino motorists that will allow its members to conveniently access inclusive perks from loyalty rewar...

Good news for Pakil, Laguna senior citizens

November 13, 2023

Business

BMPlus

Pakil, Laguna Mayor Vincent L. Soriano recently announced the passage of Municipal Ordinance No. 2023-0187—the Local Social Pension Program for senior citizens of the town.

For mulcting Taiwan-bound Pinoy scholars: Punish errant recruiters — Bello

November 13, 2023

Business

BusinessMirror

The Manila Economic and Cultural Office has asked law enforcement agencies to go after a placement operator based in Manila for mulcting young students bound for Taipei under the Taiwan government’s scholarship program.

10-month rice tariffs hit ₱23B, new record high

November 13, 2023

Business

Jasper Y. Arcalas

THE state’s rice tariff collection from January to October has reached nearly P23 billion—a new record high—as higher global grain prices offset the drop in import volume, Bureau of Customs (BOC) data showed.

PHL picks negotiators for trade pillar of IPEF accord

November 13, 2023

Business

Cai U. Ordinario

THE Philippines has chosen its negotiators to champion the country’s interests under the trade pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF).

9-month debt service up by ₱510B to ₱1.4T

November 13, 2023

Business

Jasper Y. Arcalas

THE state’s debt service from January to September rose by over P500 billion to P1.4 trillion as the national government paid more interest payments and amortization, according to the Bureau of the Treasury (BTr).

PHL could earn 200% more in tourism dollars–WTM

November 13, 2023

Business

Ma. Stella F. Arnaldo

THE Philippines will finally join the ranks of high-growth tourism economies in the Asia-Pacific region that will be receiving an avalanche of inbound visitor receipts by 2033.

‘PPA fee hikes must undergo EODB-mandated assessment’

November 13, 2023

Business

Cai U. Ordinario

ANY fee increase that the Philippine Ports Authority (PPA) intends to impose must go through a regulatory impact assessment (RIA) required under the Ease of Doing Business (EODB) Law, according to local exporters.

U.S. renews vows to defend PHL after latest sea chase

November 13, 2023

Business

The Associated Press

ABOARD THE BRP CABRA (AP) — As a US Navy surveillance plane flew in circles, keeping a close watch, dozens of Chinese coast guard and accompanying ships chased and encircled Philippine vessels in the latest confrontation in one of the most dangerous f...

‘Pogo cost-benefit analysis has PHL losing ₱14B, plus reputational risk’

November 13, 2023

Business

Butch Fernandez

A COST-BENEFIT analysis by government economists has put the estimated loss to the republic from the Philippine Offshore Gaming Operators (Pogo) at over P14 billion, defeating the argument of its economic value while worsening reputational...

SC rules on Building Code issue among architects, engineers

November 13, 2023

Business

Joel R. San Juan

THE Supreme Court (SC) has reinstated the ruling issued by a Manila trial court which affirmed the constitutionality of a provision in the revised implementing rules and regulations (RIRR) of the National Building Code (NBC) limiting to registered and...

Indigent Moro children get free birth certificates

November 13, 2023

Business

Manuel Cayon

DAVAO CITY—Another group of 300 children from poor families in the Bangsamoro region would get their legal status that have been deprived of many Moro residents of previous generation.

21 candidates disqualified for breaking election rules

November 13, 2023

Business

Patrick V. Miguel

THE Commission on Elections (Comelec) announced it disqualified 21 candidates in the 2023 Barangay and Sangguniang Kabataan Elections (BSKE) for premature campaigning and vote-buying.

Marcos guarantees justice for slain radio broadcaster

November 13, 2023

Business

Patrick V. Miguel

LAW enforcement agencies are “exerting all efforts” to bring justice by apprehending those behind the fatal shooting of a radio broadcaster last November 5, assured President Ferdinand R. Marcos Jr. to the victim’s family last Sunday.

Bong Go bats for continuous support for healthcare workers

November 13, 2023

Business

BusinessMirror

SENATOR Christopher “Bong” Go, chairperson of the Senate Committee on Health and Demography, has emphasized the critical need for ample government support for Filipino healthcare workers. He reminded the Department of Budget and Management, Department...

Fishers submit ‘climate action’ agenda to UN Special Rapporteur

November 13, 2023

Business

Jonathan L. Mayuga

THE Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya), a nationwide organization of small fishermen and fisherfolk organizations, has recently met with United Nations Special Rapporteur Iam Fry and submitted a list of climate action ...

Experts call for reforms to stop trade distortions

November 13, 2023

Business

Cai U. Ordinario

UNILATERAL decisions made by countries that distort trade highlight the need to reform World Trade Organization (WTO) rules and procedures, according to trade experts from the European University Institute (EUI) and the Asian Development Bank (ADB).

DENR eyes strict producer responsibility compliance

November 13, 2023

Business

Jonathan L. Mayuga

THE Department of Environment and Natural Resources (DENR) is pushing for strict compliance with the Extended Producer Responsibility (EPR) Act and is calling on “obliged companies” to register under the program.

Foresters eye increased wood production

November 13, 2023

Business

Henry Empeño

SUBIC BAY FREEPORT—Professional foresters in the country mapped out strategies to increase the production of forest products in the country and attain wood and non-timber self-sufficiency during a 5-day convention here that brought together some 3,000...

DPWH completes road, flood control projects

November 13, 2023

Business

Lorenz S. Marasigan

THE Department of Public Works and Highways (DPWH) said on Sunday it has successfully completed road improvement and flood control projects in the municipalities of Dipaculao and Maria Aurora in Aurora, totaling P78.4 million in cost.

SEC raises alarm bell vs biggest scammers group

November 13, 2023

Business

Manuel Cayon

DAVAO CITY—The Securities and Exchange Commission (SEC) has issued an advisory against 31 business entities who engaged in unauthorized offer of franchise or solicitation of investments in one of the biggest group to engage in unauthorized investment ...

Officials: New rules unfetter MIF from ‘undue influence’

November 13, 2023

Business

Jasper Y. Arcalas

LAWMAKERS and economic managers assured the public that the Maharlika Investment Fund (MIF) would remain “independent” from “undue influence” following the revision of the state’s sovereign investment fund’s rules and regulations.

After pandemic, some Filipino-Americans struggle with debts of $38k on average

November 13, 2023

Business

Malou Talosig-Bartolome

MANY Filipino-Americans (Fil-Ams) living in the United States are struggling financially this year, with outstanding unsecured debts averaging around $38,000 (P2.1 million), a Fil-Am debt relief financial expert said.

Citystate Savings Bank opens Naga Branch Lite Unit

November 13, 2023

Business

BusinessMirror

THE Citystate Savings Bank (CSBank) inaugurated its Naga Branch Lite Unit, marking a significant milestone as its 33rd branch in its network, and the first in the Bicol Region. The opening ceremony was held on November 10, 2023.

The power of data literacy

November 13, 2023

Business

KPMG Perspectives

FOR quite some time now, data and its usage have been a major concern, attracting considerable attention across all sectors and industries. In today’s landscape, a vast majority of companies are actively engaged in collecting and dealing with an incre...

Toyota Veloz units deployed for JoyRide ‘super taxi’ fleet

November 12, 2023

Business

Darwin G. Amojelar

Toyota Manila Bay Corp. (TMBC), a joint venture of GT Capital Holdings Inc. and Mitsui & Co. Ltd., said it is committed to supplying enough Toyota Veloz for the expansion of JoyRide Philippines’ “super taxi” service. “We are now talking with JoyRide, and we have to prepare enough numbers to supply the Philippine market,” TMBC […]
The post Toyota Veloz units deployed for JoyRide ‘super taxi’ fleet appeared first on Manila Standard.

Angkas launches ‘weekend market’

November 12, 2023

Business

Darwin G. Amojelar

Angkas, the pioneering motorcycle ride-hailing service in the country, rolled out initiatives to augment their rider partners’ supplemental income. The motorcycle taxi company launched“Angkas Weekend Market” in partnership with SariSuki to fuel Biker Marketplace. The weekend market offers a wide range of products from their partner riders and their families aimed at providing additional livelihood […]
The post Angkas launches ‘weekend market’ appeared first on Manila Standard.

Are we prepared for more Yolandas?

November 11, 2023

Business

Reine Juvierre S. Alberto

TACLOBAN, Leyte—It’s been eight days since All Saints’ Day has passed, but for those in Tacloban City, it’s been extended until November 8.

Nurturing a nation of ‘iponaryos’

November 11, 2023

Business

Ed Uy

Let’s be honest, not everyone can become a millionaire in their lifetime, but an “iponaryo”? Well, that’s something that we can easily and should aspire to be.

Shein addresses controversies regarding sustainability and copyright infringement

November 11, 2023

Business

Dinna Chan Vasquez

Without a doubt, Shein is the most controversial fashion brand in the world. The brand has been accused of wasteful throwaway fashion, of maintaining sweatshops, and low pay and long hours for its workers, including children. Another issue against ...

ERC pursues digitalization program to address efficiency, backlogs

November 11, 2023

Business

Rizal Raoul Reyes

THE Energy Regulatory Commission (ERC) will pursue its own digitalization program to enhance its operating efficiency and help their manpower to handle effectively its huge tasks and responsibilities.

DHL Supply Chain allocates €80 million for digitalization, expansion in PHL

November 11, 2023

Business

Roderick Abad

UPBEAT on further expansion of its local operations, DHL Supply Chain is allotting €80 million in the Philippines, or over a quarter of its €350 million investment in Southeast Asia over the next 10 years to broaden its storage capacity toward digital...

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones

November 11, 2023

Business

Michael Liedtke | The Associated Press

Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company.

Quirino’s quaint quintessence

November 11, 2023

Business

Bernard L. Supetran

There’s an age-old idiomatic expression which says “don’t put your eggs in one basket.”

LIKE FINDING NEVERLAND: Discovering Port Barton through Holiday Suites

November 11, 2023

Business

Edwin P. Sallan

Considered as the largest province in the Philippines, Palawan is very popular among tourists as this is where some of the world’s first-rate beaches and islands are found.