The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with agricultural products supplier Superseed Agriculture Corp. (SAC) for the company’s manufacturing facility in Laguna. The agreement, which recognized SAC as an ecozone domestic market enterprise, was...
The Securities and Exchange Commission (SEC) has approved the shelf registration of Aboitiz Power Corp.’s (AboitizPower) ₱100-billion worth of fixed rate bonds and its ₱30-billion offering for the first tranche. In a statement, the SEC said the Commission en banc has considered favorably the...
The country’s leading mining groups welcomed the bicameral conference committee’s decision to remove the highly contentious ore export ban from the reconciled version of the bill seeking to reform the mining fiscal regime. In separate statements on Wednesday, June 11, the Chamber of Mines of...
Washington-based World Bank has retained its below-target 5.3 percent growth forecast for the Philippines in 2025 as heightened policy uncertainties and softer business and consumer confidence continue to weigh on investment, exports, and consumption across the region, including the Philippines....
The Philippine Army (PA) revealed that Brigadier General Jesus Durante III is now barred from holding a military post with “major responsibility” after being reprimanded by a special general court martial over the killing of a businesswoman-model in Davao City in 2022. Durante, former...
The Philippine Army (PA) is not resting on its laurels as it will not downsize its troop presence in Basilan even after the province was declared free from the threat and influence of the extremist Abu Sayyaf Group (ASG). Lt. Gen. Roy Galido, PA commanding general, said he wants to maintain the...
State-run Philippine Amusement and Gaming Corp. (Pagcor) has launched the second phase of construction for the Philippine Military Academy Alumni Association Inc. (PMAAAI) building at Fort Andres Bonifacio in Taguig City, with total funding of ₱600 million. The ceremonial launch, held on Tuesday,...
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year. The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion...
More packs of floating shabu were found in the province of Ilocos Sur. The latest was one white sack containing 25 packs discovered in the West Philippine Sea 20 nautical miles south of Barangay Puro, Magsingal on Monday, June 9. Twenty-two yellow and orange packs had the markings “Alishan Jin...
The Navy-Marine Expeditionary Ship Interdiction System (NMESIS), a United States-developed anti-ship missile, and the Typhon mid-range capability (MRC) are still on Philippine soil after being deployed in the country for major military exercises, the Philippine Navy (PN) and Philippine Army (PA)...
The country’s oldest business group is pushing the Senate to perform its constitutional duty and start the impeachment trial of Vice President Sara Duterte, warning that failure to do so could breed “instability.” In a statement, the Chamber of Commerce of the Philippine Islands (CCPI) said...
After the ratification of the Reciprocal Access Agreement (RAA) by both the Philippines and Japan, the Armed Forces of the Philippines (AFP) said the next phase would involve the crafting of its implementing rules and regulations (IRR). “We welcome the signing of the RAA by the Japan Diet at...
