Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The Department of Energy (DOE) is eyeing to improve the incentive regime for the upstream petroleum industry with the proposed ‘special allowance’ to be extended to operators in marginal petroleum blocks, as well as new plays and frontier acreages. In a draft DOE Circular, it has been...
Senator Alan Peter Cayetano renewed his pitch for the proposed Philippine Natural Gas Development Act—a measure that is crucial for the country’s goal of achieving long-term energy security. Earlier, his sister, Sen. Pia Cayetano, chairperson of the Senate Committee on Energy, sponsored...
In a record-breaking haul, the Department of Trade and Industry's (DTI) Task Force Kalasag (TFK), in collaboration with the National Bureau of Investigation (NBI), seized nearly P94 million worth of automotive-related products from a warehouse in Quezon City. In a statement on Wednesday, Sept. 18,...
The Department of Trade and Industry (DTI) said it is committed to attract foreign investment and fostering a conducive business environment, particularly for "new generation" industries. Acting Secretary Cristina A. Roque met with representatives from Marubeni Corp. on September 12 to...
The Department of Trade and Industry (DTI) is courting Japanese manufacturing giant MinebeaMitsumi Inc. to expand its investments in the Philippines. The move is part of the government's broader strategy to attract foreign capital and boost the country's economic growth. During a recent...
Senators on Tuesday, September 10 said they do not believe that no Filipino or government official aided dismissed Bamban, Tarlac mayor Alice Guo, her sister Shiela and brother Wesley, escape the Philippines. Senate President Francis “Chiz” Escudero said Guo, or Guo Hua Ping’s...
The Philippine Chamber of Commerce and Industry (PCCI) calls on the Philippine Health Insurance Corp. (PhilHealth) to increase the healthcare benefits and packages offered to its members. In a statement, PCCI President Enunina V. Mangio said that PhilHealth's mandate is to provide affordable and...
Senator Sherwin Gatchalian on Sunday, September 8 said he is skeptical of dismissed Bamban, Tarlac mayor Alice Guo’s claims of receiving death threats, noting her actions were contradictory. “Parang contradicting. Umalis ka dahil may death threat pero bumalik ka at feel safe ka. Kaya,...
Senator Pia Cayetano has expressed her belief that the swift passage of Senate Bill (SB) No. 2793, or the proposed Philippine Natural Gas Development Act, would send the strongest signal to investors that there is natural gas waiting to be explored in the Philippines. Senator Pia Cayetano (Senate...
The Department of Trade and Industry (DTI) has suspended the sale of several vape brands for possible violation of the Vaporized Nicotine and Non-Nicotine Products Regulation Act, or vape law. In a statement on Saturday, Sept. 7, the DTI said that affected brands include SHFT Dr. Freeze, Aerogin...
The Philippine creative industries are a vibrant fusion of tradition and innovation, showcasing the country's rich cultural heritage alongside contemporary artistic expression. Spanning music, film, visual arts, and fashion, these industries play a role in the economy while serving as platforms for...
