Power distributor Meralco said it will increase electricity rate by P0.5006 per kilowatt-hour this month due to higher costs from its suppliers. Residential customers consuming an average of 200 kWh will see an increase of around P100 in their total electricity bill. The rate hike followed two consecutive months of price reductions totaling P1.0121 per […]
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Grain retailers could incur P6,000 in losses daily or up to P40,000 a week due to the price ceiling on rice that took effect Tuesday, with the P15,000 subsidy barely covering the foregone revenues. Grains Retailers Confederation of the Philippines Inc. Eastern Visayas president Frederic Dy said at P2,450 per cavan of rice, retailers are […]
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Malacanang on Friday confirmed the termination of Finance Undersecretary Cielo Magno following reports that she was “maligning” the administration. In a statement, Executive Secretary Lucas Bersamin said Magno had always been critical of the government’s policies even before President Ferdinand Marcos Jr. assumed office. “She has been against the policies of this administration and made […]
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The country’s unemployment rate in July 2023 fell to 4.8 percent from 5.2 percent a year ago as the economy continues to reopen, resulting in more economic activities, the Philippine Statistics Authority said Friday. National statistician and civil registrar general Dennis Mapa said in an online briefing that the July 2023 jobless rate was, however, […]
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WE HEARD the chief of the United Nations when he spoke recently in New York where he described the blistering heat across the northern hemisphere as a “cruel summer.” Underlying that climate change, a terrifying episode, is here, United Nations Secretary-General Antonio Guterres said, “For the entire planet, it is a disaster,” and noted that […]
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The 1987 Constitution of the Philippines ushered in a paradigm shift by introducing civilian control over the military The National Security Policy constitutes a fundamental set of principles meticulously crafted to steer decision-making processes with a singular aim: the safeguarding and enhancement of a nation’s interests, well-being, sovereignty, and territorial integrity. It is a guiding […]
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The CEO and co-founder of Leechiu Property Consultants is convinced that the Philippines today presents many opportunities in the real estate sector, despite the continued threats faced by the global economy.  The situation, he believes, calls for businesses to succeed using the time-tested approach of working hard. David Leechiu believes in the importance of giving […]
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