As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 48 percent drop in consolidated net income to P14.4 billion in the first nine months of 2020 from P27.6 billion in the same period last year. In a disclosure to the Philippine Stock...
Anchoring it mainly on the electricity demand slump this year because of the pandemic, power utility giant Manila Electric Company (Meralco) is targeting a leaner core net income of P21 billion this year, which is roughly 10 to 11-percent lower versus last year’s P24 billion scale of...
Honda Cars Philippines Inc. (HCPI) has vowed to continue expanding its presence in the country as it launched two more models in the last quarter this year alone. HCPI President Masahiko Nakamura said this at Thursday’s virtual public launch of the All-New Honda City and New CR-V. “Every day we...
GOVERNANCE MATTERS Former Vice President Jejomar Binay It would be foolhardy for anyone to think that the congressman from Taguig, after being unceremoniously ejected from his once lofty position as speaker of the House, would suddenly become a paragon of quiet humility and contrition. He is...
OF TREES AND FOREST Former Senate President Manny Villar In my columns in the past, I discussed how we should change from a lockdown perspective to a “living-with-COVID19” frame of mind. Even when a vaccine comes up, experts have said that it will take a some time before we can have it...
As palay prices continue to go down and the alleged entry of tons of smuggled corn began eating up a portion of the domestic demand, Philippine Chamber of Agriculture and Food Inc. (PCAFI) asked the Philippine government to immediately implement safeguard measures for the producers of the...
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country. In a statement to the media, the Department of Energy (DOE) qualified that the memorandum of...
OF TREES AND FOREST Former Senate President Manny Villar I was a member of the House of Representatives for nine years, from 1992 to 2001. I was always been a proud member of the lower chamber especially during the 11th Congress which I had the honor of leading as speaker from July 27, 1998 to...
Pag-IBIG Fund assured the leaders of the country’s largest business organizations to work for the Board approval of its requires to postpone the agency’s January 2021 implementation of the increase of its mandatory monthly contributions. In a statement, business groups said Pag-IBIG Fund Chief...
GOVERNANCE MATTERS Former Vice President Jejomar Binay The prestigious John Hopkins University has released a list of countries with the most COVID-19 cases. The Philippines, with over 300,000 cases and new cases being recorded in the thousands daily, ranked 20th in the list. Another list by a...
OF TREES AND FOREST Former Senate President Manny Villar It has been almost 7 months since government imposed a lockdown due to the COVID-19 pandemic. It was March 15 when a General Community Quarantine (GCQ) was first implemented. Since then we have experienced ECQ (Enhanced Community Quarantine),...
