Transmission firm National Grid Corporation of the Philippines (NGCP) has completed and energized the 230-kilovolt Toril-Bunawan transmission line, which forms the final loop of the P7.09 billion Mindanao backbone project. With the project’s completion, the company noted that “this will secure...
Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions -- Bicol, Central Luzon and the National Capital Region. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
The Philippines mining sector has suffered a decline in output and value from January to September of this year, a negative development that the government attributes to the COVID-19 pandemic. In its latest data, Mines and Geosciences Bureau (MGB) said the country’s metallic mineral production...
Philippine Airlines (PAL), in partnership with Guide to the Philippines, now offers affordable “Easy Escapes” travel packages to key domestic destinations. Guide to the Philippines, a Department of Tourism- accredited online travel platform, brings together local travel experts and top tour,...
Sergeant Arci Munoz After almost two months from her completion of Special Basic Military Training (SBCMT), Kapamilya actress and Sergeant Arci Muñoz joined the relief operations of the Philippine Air Force in Catanduanes. In a series of Instagram updates, Arci shared a glimpse of her air and land...
The use of crop biotechnology has reduced pesticide use associated with environmental impact and is beneficial for agricultural biodiversity, a UK-based agricultural economist and scientists from the University of the Philippines Los Baños (UPLB) said. During an online technical forum organized by...
Union Bank of the Philippines has successfully raised P9 billion from its Peso-denominated fixed rate bonds dual tranche offering. In a disclosure to the Philippine Stock Exchange, the bank said this is the third bond issuance by UnionBank from its P39 billion Bonds Program. The 3-year...
The Triathlon Association of the Philippines (TRAP) has decided to push its planned “triathlon race bubble” to early next year upon the advice of its tournament venue in New Clark City. The sprint race event was supposed to be held this month, but was rescheduled to late January or early...
With higher exports and few layoffs, the country's mining sector has remained largely unaffected by the COVID-19 pandemic, a mining official said. In a webinar hosted by Arangkada Philippines, Chamber of Mines of the Philippines (COMP) Chairman Gerard Brimo said on Wednesday that the mining sector...
The Department of Finance (DOF) has identified three sources of funds for the procurement of the coronavirus vaccines that will be given to priority sectors. In a report to President Duterte, Finance Secretary Carlos G. Dominguez III said the government would source the P73.2 billion COVID-19...
The Bangko Sentral ng Pilipinas (BSP) has revealed a new logo, replacing the 10-year old current logo. This will be the third time since the 1993 New Central Bank Act charter created the BSP that its logo has been changed. The current logo was introduced in 2010. The BSP said the new logo is...
Philippine banks are not only strong but resilient enough to withstand the pandemic-hit financial market and to help prop up an economy in recession, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “While the impact is still unfolding, the good news is that the financial...
