The Philippine Coast Guard (PCG) welcomed on Monday, Oct. 6, a Vietnam Coast Guard (VCG) vessel in Cebu for a five-day port visit even as the province continues to recover from the recent magnitude 6.9 earthquake. PCG spokesperson Captain Noemie Cayabyab said the arrival of VCG vessel with bow...
Metro Pacific Tollways Corp. (MPTC), a unit of Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is planning to use proceeds from its ₱20-billion bond offering to fund three tollway projects and refinance existing obligations. "This bond issuance aims to bolster...
President Marcos has vowed that not a single centavo of public money will be wasted as his administration implements sweeping reforms to fast-track the country’s development programs and foreign-assisted projects. Marcos said this as Congress conducts budget deliberations amid ongoing...
Investors are hoping that the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the domestic inflation rate announcement this week will be the catalyst needed to spur trading activity in the local stock market. “The local market managed to partially recover some lost ground in last week’s...
The Bank of the Philippine Islands (BPI) announced the passing of its former president and chief executive officer, Xavier P. Loinaz, a figure who steered the institution through two decades of major economic turbulence and technological change. He was 81. Known as XP within the bank, Loinaz held...
The Philippine College of Surgeons (PCS), led by its president Dr. Jose Rhoel C. De Leon, started the simultaneous “pink-lighting” of vital infrastructures and buildings in the country to enhance breast cancer awareness and to symbolize the country 's unity in combatting the disease. The...
Two more fatalities were reported due to the magnitude 6.9 earthquake that hit northern Cebu last September 30, bringing the death toll to 70, the Office of Civil Defense (OCD) said. As of Saturday, Oct. 4, a report from the OCD showed that there were 32 people who died in Bogo City, the...
The local stock market ended the week higher as share prices rose, supported by the strengthening peso. The main index jumped 69.10 points or 1.14 percent to close at 6,108.86 on Friday, Oct. 3, as the Services sector surged while the Mining and Conglomerate sectors declined. Volume dropped to 799...
Marking a historic step in the country’s education sector, the Department of Education (DepEd), Commission on Higher Education (CHED), and Technical Education and Skills Development Authority (TESDA) convened on Friday, October 3, for the first-ever Joint National Management Committee (ManCom)...
As ornamental horticulture thrives across the Philippines and urban agriculture continues to turn idle spaces into sources of food and greenery, the country’s agriculture community came together for the second edition of Pagsibol: Philippine Horticulture and Urban Agriculture Summit, held at the...
The Department of Public Works and Highways (DPWH) referred two alleged bid-rigging cases in flood control projects to the Philippine Competition Commission (PCC) on Friday, Oct. 3, for possible sanctions under the competition law. The DPWH said one case involves Wawao Builders, IM Construction...
The Philippine Red Cross (PRC) has opened its first medical tent at the Cebu Provincial Hospital in Bogo City and reported a surge in blood donations from Cebuanos after the devastating 6.9-magnitude earthquake struck Northern Cebu earlier this week. The facility, now fully operational, is...
