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Gov’t e-payments should erode graft, corruption – BSP
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday, May 17, that the issuance of Executive Order (EO) No. 170 to expand government’s e-payment transactions will be effective against graft and corruption.
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EVAP wants zero import tariff only for EVs, PHEVs
A group that pioneers in the promotion and development of e-vehicles (EVs) in the country has proposed to limit the zero import tariff privilege to plug-in hybrid electric vehicles (PHEVs) and full electric vehicle (EVs) and exclude hybrid electric vehicles (HEV) as these are conventional vehicles using the internal combustion engine (ICE).
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Tampakan mining project to yield P80 B in taxes, royalties
The Chamber of Mines of the Philippines (COMP) lauded the lifting of open pit mining ban in South Cotabato saying this will finally pave the way for the development of the Tampakan copper gold project in Mindanao.
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PH eyes opportunities in ASEAN+3 initiatives
Finance Secretary Carlos G. Dominguez III said the Philippines is looking forward to future initiatives under the umbrella of the ASEAN Plus Three (China, Japan, Korea) cooperation to help accelerate the country’s shift from coal to sustainable energy sources.
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Cityland Development Corporation holding Annual Stockholders’ Meeting on June 7, 2022
Cityland Development Corporation will be holding its annual stockholders meeting virtually with details to participated listed here.
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Foreign investments down 54% in Q1
Approved foreign investments dropped by half in the first three-months of the year despite improving economic condition amid the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed.
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My Evergreens
I found it hard to believe that all the trees would shed off their leaves come wintertime. I started getting depressed as the “leaves started drifting by my window.” But, true to its name, the leaves in the Evergreen tree “clung to the vines.” They brought life and hope to me and perhaps to everyone who was facing a bleak winter.
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CREIT profit climbs to P300 M in Q1
Citicore Energy REIT Corporation (CREIT), the listed real estate investment trust (REIT) affiliate of Citicore Renewable Energy Corporation (CREC), has logged significant upturn in net income in the first quarter this year to P300 million from a leaner P24 million in the same period last year.
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Allday profits rise 33% in Q1
AllDay Supermarket, owned by listed AllDay Marts Inc. of the Villar retail group, reported a 33 percent jump in net profit to P95 million in the first quarter of 2022 from P71 million in the same period last year.
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SEC approves North Star's P4.5-B IPO
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of North Star Meat Merchants, Inc. worth up to P4.5 billion.
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DMCI considers merging its mining units
Diversified engineering conglomerate DMCI Holdings, Inc. is considering the merger of its two mining subsidiaries, Semirara Mining and Power Corporation and DMCI Mining, which are now highly profitable due to surging global prices.
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ACEN partners with Indonesian firm for RE projects
Ayala-led ACEN Corporation has partnered with Indonesian firm Puri Usaha Group for investment in Suryagen Capital Pte. Ltd., which has a business platform in renewable energy (RE) projects development in Indonesia.
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Unilab unit expands healthcare product manufacturing
Amherst Parenterals Inc., a subsidiary of the country’s largest pharmaceutical company Unilab Inc., is investing P291.212 million to expand its healthcare products manufacturing operation in Laguna.