Business

‘Bidding for microgrid system devt good for 15k households’

October 30, 2023

A competitive bidding for the development of microgrid systems in remote areas scheduled by end of this year is expected to benefit over 15,000 households, the Department of Energy (DOE) said.
The post ‘Bidding for microgrid system devt good for 15k ho...

PES confab to tackle steps toward PH DevPlan success

October 30, 2023

THE Philippine Economic Society (PES) announced that its 61st Annual Meeting and Conference on November 7 to November 8 would look at ways to contribute to a transformed, dynamic and resilient economy in line with the country’s new development blueprin...

Biosecure swine demonstration farm unveiled in Ilocos

October 30, 2023

The first biosecure swine multiplier technology-demonstration farm has been launched in Ilocos Region as part of the Marcos administration’s program to fight African swine fever (ASF).
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Green Climate Fund renews FAO accreditation

October 30, 2023

The Green Climate Fund (GCF) has renewed the accreditation of the Food and Agriculture Organization of the United Nations (FAO).
The post Green Climate Fund renews FAO accreditation first appeared on BusinessMirror.

LGU support key to reviving PHL coconut sector–solon

October 30, 2023

Jovee Marie N. de la Cruz

The “all-out support” of local government units (LGUs) in coconut-producing areas is crucial to the revival of the Philippine Coconut Authority’s (PCA) ambitious coconut replanting initiative, according to a senior lawmaker.
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Low contribution of OFW SSS-members mulled over

October 30, 2023

Jovee Marie N. de la Cruz

THE chairman of the House Committee on Overseas Workers Affairs said the Lower Chamber is now studying a sustainable solution for the social security and welfare of overseas Filipino workers (OFWs) as the Social Security System (SSS) revealed that only...

Current trends in remote working

October 30, 2023

KPMG Perspectives

OVER the past three years, remote work has become an integral part of our working world. The ability to work from anywhere has transformed how we work, removing geographical limitations and reshaping the traditional office-based model.
The post Current...

PNB inks deal with SG firm to enhance loan processing

October 30, 2023

THE Philippine National Bank (PSE: PNB) announced last week that its officials signed a Memorandum of Agreement with executives of Integro Technologies Pte. Ltd. (ITPL) last September 27 to further enhance the processing of business loan transactions.
...

Consumption, housing spend drive loan appetite–BSP poll

October 30, 2023

Cai U. Ordinario

DEMAND for bank loans is expected to increase this quarter with higher spending and investment from both households and enterprises, according to the Bangko Sentral ng Pilipinas (BSP).
The post Consumption, housing spend drive loan appetite–BSP poll fi...

IEMOP: Power spot market prices in Luzon up in October

October 30, 2023

The average electricity spot market prices in Luzon as of October 28 rose to P6.74 per kilowatt hour (kWh) from the previous month’s average of P4.87 per kWh, as plant shutdowns reduced power supply.
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FLI bond offer gets nod of SEC

October 30, 2023

The Securities and Exchange Commission (SEC) has approved the shelf registration of Filinvest Land Inc. (FLI) for up to P35 billion of fixed-rate bonds.
The post FLI bond offer gets nod of SEC first appeared on BusinessMirror.

Converge improves ESG risk score, now ‘low risk’ in recent Sustainalytics report

October 28, 2023

Manila Standard Business

Fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG) has earned an upgraded Environmental, Social, and Governance (ESG) risk rating, and is now classified as ‘low risk,’ based on the recent assessment by ESG and corporate governance analytics firm Sustainalytics. The company improved its overall ESG risk score to 19.6 or ‘low risk,’ […]
The post Converge improves ESG risk score, now ‘low risk’ in recent Sustainalytics report appeared first on Manila Standard.

QC government to host ‘Future of Work Conference’ in November

October 28, 2023

Manila Standard Business

To prepare business establishments for the future of work, the Quezon City government will be holding the “Innovate.Adapt.Thrive: The Quezon City Future of Work Conference 2023” on November 13 and 14, 2023 at the Crowne Plaza Hotel in Ortigas, Quezon City. The two-day conference will communicate relevant knowledge and best practices in creating safe, inclusive, […]
The post QC government to host ‘Future of Work Conference’ in November appeared first on Manila Standard.

Budget gap narrows to P983.5 billion in January-September

October 26, 2023

Jasper Y. Arcalas

THE state’s budget deficit in January to September narrowed by nearly 3 percent to P983.5 billion but it missed its programmed deficit as national government spending slowed during the period.
The post Budget gap narrows to P983.5 billion in January-Se...

Manila keen on forging defense pact with Tokyo

October 26, 2023

Jovee Marie N. de la Cruz and Samuel P. Medenilla

Following the recent incident involving Chinese ships within the country’s maritime territory, the Philippines will push for the signing of a new bilateral defense agreement with Japan during the visit of Prime Minister Fumio Kishida to the country nex...

‘Bumper crop will temper inflation’

October 26, 2023

Andrea E. San Juan

THE National Economic and Development Authority (Neda) said inflation may start easing this month as it is seeing less pressure on domestic prices because of the availability of certain food items and the “timely” arrival of imports.
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‘PHL aims to lead world’s march toward clean energy solutions’

October 26, 2023

Lorenz S. Marasigan

THE Philippines is positioning itself as a leader in the global shift towards clean and sustainable energy solutions, the chief of the Department of Energy (DOE) said on Wednesday.
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UST tops off Henry Sy Sr. Hall at Manila campus

October 26, 2023

UST celebrated the topping off ceremony of the Henry Sy Sr. Hall at its Manila campus on October 7, 2023.
The post UST tops off Henry Sy Sr. Hall at Manila campus first appeared on BusinessMirror.

DFA in talks with Israel, Palestine for release of Pinoy ‘hostages’

October 26, 2023

Malou Talosig-Bartolome

Manila is in talks with Tel-Aviv, Ramallah and other governments for the safe release of two Filipinos who were “assumed” to be taken as hostages by the Hamas militants during the October 7 attacks in southern Israel.
The post DFA in talks with Israel,...

MMDA to raise fines for bus lane violators

October 26, 2023

Claudeth Mocon-Ciriaco

The Metropolitan Manila Development Authority (MMDA) announced on Wednesday that it will raise the penalties slapped against vehicle owners who will disregard the rules governing the exclusive city bus lane along Edsa.
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BOI: Investment approvals to hit P1T by end-October

October 26, 2023

Andrea E. San Juan

The Board of Investments (BOI) said it is optimistic of hitting its initial investment approvals target of P1 trillion by the end of October.
The post BOI: Investment approvals to hit P1T by end-October first appeared on BusinessMirror.

Austria will recruit thousands of Pinoy skilled workers

October 26, 2023

Samuel P. Medenilla

Around 500 skilled Filipino workers (OFW) will be deployed to Austria annually under a new pact signed by the Department of the Migrant Workers (DMW) with the European country.
The post Austria will recruit thousands of Pinoy skilled workers first appe...

Gibo: PHL open to WPS talks, but China’s stance, conduct may spoil such possibility

October 26, 2023

Rex Anthony Naval

While the Philippines is open to talks to address the issues in the West Philippine Sea (WPS), the lack of transparency within the Chinese government and its overextending claims that encroach into the country’s maritime territories is making the holdi...

Singapore-based tutorial start-up ready to hire 100 Filipino tutors

October 17, 2023

DAVAO CITY—A Singapore-based tutorial company announced it was ready to hire “high-quality, online tutors” for clients across the Americas, Europe and Asia Pacific immediately after it also disclosed a successful round of seed funding for its operation...

DOLE tells employers to ‘properly’ pay workers in October, November holidays

October 17, 2023

The Department of Labor and Employment (DOLE) reminded employers to observe proper payment of workers’ wages on declared holidays in October and November.
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Group calls for clean, ‘eco-friendly’ polls

October 17, 2023

Jonathan L. Mayuga

An advocacy group for a zero waste and toxics-free society appealed to candidates running for elective Barangay and Sangguniang Kabataan posts to think of Mother Earth as the campaign leading to the October 30 elections begin on Thursday.
The post Grou...

NAASCU KICKS OFF 21st SEASON

October 17, 2023

BRINGING once again brisk, gritty and purely amateur brand of basketball, the National Athletics Association of Schools, Colleges and Universities commences its 21st season on Oct. 23 at the Cuneta Astrodome.
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Putin’s China visit underscores ties amid Ukraine war, Hamas-Israel war

October 17, 2023

Christopher Bodeen | The Associated Press

TAIPEI, Taiwan—Russian President Vladimir Putin arrived in Beijing on Tuesday for a visit that underscores China’s support for Moscow during its war in Ukraine as well as Russian backing for China’s bid to expand its economic and diplomatic influence a...

600 days into the war, Russia’s assault on key eastern Ukraine city appears to be weakening

October 17, 2023

Illia Novikov | The Associated Press

KYIV, Ukraine—A dayslong attempt by Russian forces to storm a strategically important city in eastern Ukraine appears to be running out of steam, Kyiv officials said Monday, as the Kremlin’s war entered its 600th day.
The post 600 days into the war, Ru...

Figueroa, Ozar chosen as UAAP Player of the Week

October 17, 2023

National University rose to solo second place in the UAAP Season 86 men’s basketball tournament as the University of the Philippines made its best start in the women’s league in 15 years after staying unbeaten in five games.
The post Figueroa, Ozar cho...

UP shoots for 6-0

October 17, 2023

University of the Philippines seeks its sixth straight win as it takes on De La Salle University today (Wednesday) in the UAAP Season 86 men’s basketball tournament at the SM Mall of Asia Arena.
The post UP shoots for 6-0 first appeared on Busine...

US to tighten rules aimed at keeping advanced processors out of China

October 17, 2023

Jenny Leonard, Mackenzie Hawkins, Ian King and Debby Wu | Bloomberg

The Biden administration is refining rules aimed at keeping advanced chips and manufacturing gear out of China, seeking to close loopholes that might help its geopolitical rival gain cutting-edge technologies.
The post US to tighten rules aimed at keep...

Palestinians report intense bombardments in south Gaza where civilians seek refuge

October 17, 2023

Najib Jobain, Ravi Nessman | The Associated Press

KHAN YOUNIS, Gaza Strip—Palestinians in Gaza reported intense bombardments near the southern towns of Khan Younis and Rafah, where Israel ordered civilians to seek refuge, early Tuesday. Details of causalities were not immediately available.
The post P...

BENGUET CORPORATION: Notice of Annual Stockholders’ Meeting

October 16, 2023

Manila Standard

The post BENGUET CORPORATION: Notice of Annual Stockholders’ Meeting appeared first on Manila Standard.

What I learned from Tatang: Employees and colleagues share stories about SM’s Henry Sy, Sr.

October 13, 2023

When the Mall of Asia opened in 2006, Henry Sy, Sr. was walking around the SM Store alongside Ma. Cecilia Abreu, who was then Assistant Vice President for Store Operations. As is usually the case with Mr. Sy, he dropped by the Shoe section, checked the...

PHL nurse stayed with ward, is killed by Hamas

October 13, 2023

Malou Talosig-Bartolome

A FILIPINO nurse who worked as a caregiver in Israel was killed at the height of the attacks of Hamas militants last Saturday, the Department of Foreign Affairs said.
The post PHL nurse stayed with ward, is killed by Hamas first appeared on BusinessMir...

High NTMs, red tape make green tech costlier

October 13, 2023

Cai U. Ordinario

COSTLY red tape has made imported green technologies more expensive in the Philippines, thanks to Non-Tariff Measures (NTMs), according to the World Bank.
The post High NTMs, red tape make green tech costlier first appeared on BusinessMirror.

SEC ‘not anti-business,’ new fees are fair

October 13, 2023

SEC chairman Emilio B. Aquino said the agency has stretched itself on the deadline of its amnesty program, which slaps a one-time fee for all the company’s penalties incurred in the submission of documents such as the general information sheet and the ...