Of the Department of Transportation (DOTr)'s proposed P19.8 billion 2022 budget for Road Transport, only P1 million was included in the National Expenditure Program (NEP). Needless to say, it was a preposterous amount. "More funds should be allotted for the road sector, P1 million will not...
Aboitiz Power Corp. will funnel a significant portion of the proceeds from its P12-billion second tranche issue to its 74-megawatt solar farm project in Pangasinan. Apart from that, the power firm indicated that the capital raising activity targets to raise fresh cash that it can use “to...
NIGHT OWL Anna Mae Lamentillo Secretary Vivencio “Vince” Dizon would probably be the best example of a multi-tasker, and an effective one at that. He wears many hats, so to speak, serving at the center of the government’s COVID-19 response and the “Build, Build, Build” program. Secretary...
The Korean Embassy in the Philippines will be celebrating the Korean National Day in the country on Oct. 3. Due to the coronavirus disease (COVID-19) pandemic, the event will be held online. Korean Ambassador to the Philippines Kim Inchul (right) and Foreign Affairs Sec. Teodoro Locsin Jr. (Korean...
The Department of Department of Transportation (DOTr) and the Indian Ministry of Civil Aviation have signed a new and modernized Air Services Agreement. FB_IMG_1632754935468 The move opens the market for competition where multiple airlines can operate and more flights can be flown to spur air...
With so many Filipinos still stranded abroad and wanting to return this December, the Department of Transportation (DOTr) is considering to allow more international arrivals, Secretary Arthur Tugade announced in today's ( Sept. 27) virtual media forum on the State of Philippine Transportation....
The Securities and Exchange Commission (SEC) has approved the P6 billion market debut of AllDay Marts, Inc. and the P18- billion bond offering of Petron Corporation. 34600 In its meeting last September 23, the Commission En Banc resolved to render effective the registration statements of AllDay...
The Pasay City government and the Department of Transportation (DOTR) forged a partnership for the construction of an integrated monorail project which was proposed by SM Prime Holdings Inc. Mayor Emi Calixto-Rubiano and DOTR Secretary Arthur Tugade signed a Memorandum of Agreement on Wednesday...
Motorists and users of the country’s expressways will not be slapped with higher toll fees amid the pandemic. GpHjQKSjw3art-tugade Department of Transportation (DOTr) Secretary Art Tugade gave the assurance Tuesday night, Sept. 21,2021, after the signing of the Supplemental Toll Operations...
The board of directors of Aboitiz Power Corporation had given go-signal for the second tranche of the company’s bond issuance that is targeting to fetch proceeds of P12 billion. The P12 billion bond issue is part of the company’s P30 billion shelf registration program that was approved by the...
The Securities and Exchange Commission (SEC) is warning the public to be careful when dealing or transacting with corporations or entities that are not licensed or registered in the Philippines. The SEC said it has received numerous inquiries regarding the implications of transacting with...
The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme. In an order issued July 26, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the...
