What about cable cars for high-value crops from mountains? Suggestion made in budget hearing
The chairman of the House Committee on Agriculture and Food suggested using cable cars to transport high-value crops from mountain areas as a cheaper, easier way to move goods compared to farm-to-market roads.
300,000 farmers, fisherfolk, truckers to get P3B fuel subsidy from UPLIFT
Some 300,000 farmers, fisherfolk, and drivers hauling agricultural produce will get P3 billion in fuel subsidy starting this month as part of a package of assistance directed by President Ferdinand R. Marcos Jr. to help…
PH, Singapore conclude talks on updating 5-decade-old pact vs. double taxation
The Philippines and Singapore have concluded the negotiations for updating a pact entered into by the two neighboring countries nearly five decades ago to prevent double taxation.
GCash-Mynt's P6.60 IPO price brings investment closer to more Filipinos --solon
A member of the House panel on banks and financial intermediaries said Friday that the P6.60 final pricing of the initial public offering of Mynt Inc., the parent company of mobile wallet GCash, could bring ownership of…
SSS LoanLite offers P1K to P20K loans for qualified members' immediate needs
The Social Security System (SSS) on Friday called on its members to avail of the pension fund"s new digital microloan facility, the SSS Micro Loan Program, also known as SSS LoanLite.
[In This Economy] The nothing burger that is the Maharlika Investment Fund
While Maharlika is earning money, its reliance on short-term placements and investments in established businesses leaves the promised additional development benefits unclear
Cesar Virata, Marcos-era prime minister and finance chief, dies at 95
The dictator’s longtime finance chief and one of his top technocrats, Cesar Virata had deep ties to the Ferdinand E. Marcos regime even as he sometimes pushed back against Imelda Marcos and powerful cronies over project…
NTC: Due process observed in mobile internet service speed-tests sanctions
The National Telecommunications Commission (NTC) on Friday said its recent mobile broadband service speed tests which resulted in sanctions against Globe, PLDT-Smart, and DITO have undergone due process.
Diesel prices to roll back, gasoline to increase next week
MANILA, Philippines — Diesel prices are initially estimated to go down while gasoline is expected to rise next week due to lack of supply caused by the conflict in the Middle East, local oil industry sources said on…
GCash parent Mynt sets final IPO price at P6.60 per share
Mynt Inc., the parent company of mobile wallet GCash, announced Friday that it has set the final price for its initial public offering (IPO), which could amount to about P60 billion, in what could be the largest and…
Filipinos get shot at digital economy ownership with GCash IPO, says solon
The P6.60 final pricing of the initial public offering (IPO) of Mynt Inc. could bring ownership of one of the Philippines’ largest digital platforms within reach of a broader base of Filipino investors, according to a…
White-collar Boeing union okays contract, averting strike
NEW YORK — Engineers and technicians at Boeing voted in favor of the latest contract offer, the union announced Thursday, removing the risk of another bruising strike at the aviation giant. The Society of Professional…
MANILA, Philippines — Mynt Inc. on Friday set the final offer price for its initial public offering (IPO) at P6.60 per share, according to a disclosure to the Philippine Stock Exchange. The final price covers the public…
Gasoline, kerosene prices seen up; diesel down next week
Gasoline and kerosene prices may increase, while diesel prices could see a rollback next week based on the latest movement in international oil prices, the Department of Energy (DOE) said Friday.
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NEW YORK — Nike plans to cut an undetermined number of jobs and establish a new campus in India as it seeks to accelerate a turnaround following another downcast quarter. The sports giant unveiled the plan as it…
PETROWIND Energy Inc. on Wednesday said that it had signed a renewable energy payment agreement with National Transmission Corp. (TransCo) for the Green Energy Auction tariff of its 13.56-megawatt Nabas wind power…
Looming worker strike to cut Philex’s Padcal mine output
Philex Mining Corp. expects reduced operations from its Padcal mine in Benguet, as a looming workers’ strike threatens to disrupt activities amid stalled collective bargaining talks.
NEW YORK, United States — General Motors reported a dip in third-quarter auto sales Thursday on plunging electric vehicle transactions, while both Toyota and Hyundai rode greater hybrid demand to sales increases. GM…
THE Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) are stepping up support for the sugar industry which is grappling with pest infestation, drought risks, rising production costs and…
Shakey’s Pizza Asia Ventures Inc., one of the leading restaurant and kiosk chain groups in the Philippines, is making leadership changes as part of its ongoing business transformation to support its growth agenda.
MEGAWIDE Construction Corp. on Thursday said that subsidiary Megawide Dreamrise Residences Inc. (MDRI) had topped off two towers of a socialized housing project in Dasmariñas, Cavite under the government’s Expanded…
THE Securities and Exchange Commission (SEC) has warned the public against investing in Novaluxia/Novaluxia Innovation Corp., which it said was soliciting investments without the necessary license or authority. In a…
Engineering and infrastructure company Megawide Construction Corp. has advanced its commitment to support the government’s expanded Pambansang Pabahay Para sa Pilipino program, with its Cavite project reaching the…
PHILIPPINE home appliance maker Hanabishi expects continued growth in the years ahead amid economic conditions that have created a currently cautious market, top executives said late Wednesday. Hanabishi President…
AVERAGE retail prices of well-milled rice and fresh pork declined nationwide in mid-September, the Philippine Statistics Authority reported on Wednesday. Well-milled rice retailed at P56.07 per kilogram (kg) from Sept…
ERC, NGCP end disputes over permit, regulatory fees
The Energy Regulatory Commission and the National Grid Corp. of the Philippines have reached a compromise deal to resolve their longstanding disputes over permit and regulatory fees.
TOKYO — Factory activity across Asia expanded in September thanks to the global AI boom, private surveys showed on Thursday, offering some relief to policymakers who are concerned about nagging cost pressures…
PHILIPPINE manufacturing activity contracted in September as weaker demand and stronger international competition weighed on production and new orders. S&P’s Global Philippines Manufacturing Purchasing Managers’ Index…
Philippines Resorts closes Donatela Resort in Bohol
PH Resorts Group Holdings Inc. of Davao-based businessman Dennis Uy has permanently closed its Donatela Resort and Sanctuary in Bohol after losing the property to Land Bank of the Philippines.
TAXPAYERS seeking refunds of excess or unutilized creditable withholding taxes will have to meet stricter filing and documentation requirements under new Bureau of Internal Revenue (BIR) rules. The changes were…
BANK lending and liquidity growth both picked up in August, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Outstanding loans of universal and commercial banks expanded by 11 percent, preliminary central…
Government eyes retail dollar bond offer by year-end
The Bureau of the Treasury is considering a retail dollar bond offering before year-end as the government looks to tap domestic investors for its financing needs.
THE Energy Regulatory Commission (ERC) and the National Grid Corp. of the Philippines (NGCP) on Thursday signed a compromise agreement to end years of litigation over permit and regulatory fees. ERC Chairman Francis…
THE National Pork Producers Council (NPPC) has opposed the Department of Agriculture’s (DA) proposal to reclassify frozen pork jowls from edible offal to regular swine meat, which would subject imports to a higher…