Teachers and government employees on Monday, October 27, expressed strong support for a congressional investigation into the reported P8.8 billion losses and alleged dubious investments of the Government Service Insurance System (GSIS). The Alliance of Concerned Teachers (ACT) Philippines backed...
A group of education workers on Saturday, October 18, joined calls for the resignation of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo “Wick” A. Veloso over reported losses amounting to P8.8 billion and alleged questionable investments in...
Marking a historic step in the country’s education sector, the Department of Education (DepEd), Commission on Higher Education (CHED), and Technical Education and Skills Development Authority (TESDA) convened on Friday, October 3, for the first-ever Joint National Management Committee (ManCom)...
Financially-plagued Phoenix Petroleum Philippines Inc, has widened its net loss within January-September stretch this year to P3.688 billion from a relatively leaner P1.0 billion in the same period in 2022. The company’s net loss before tax, as reported to the Philippine Stock Exchange (PSE), was...
A House leader has highlighted the annual economic losses that the Philippines suffer from natural calamities, even as she called on government and stakeholders to immediately address the issue of climate change. (Unsplash) San Jose Del Monte City lone district Rep. Florida "Rida" Robes said in a...
Cebu Air, Inc. (CEB) lost P12.046 billion for the first nine months of 2022, 45.2 percent lower than the P21.993 billion net loss it incurred in the same period last year. CEB netted foreign exchange losses of P3.858 billion from the weakening of the Philippine peso against the US Dollar from P51...
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, logged colossal losses of P15 billion on the electricity generation operation of its power plants due to surging fuel prices in the world market and is now batting for rate hikes so it can partly...
Presidential aspirant Vice President Leni Robredo wants to empower micro, small, and medium enterprises (MSMEs) to address the country’s high unemployment rate and job losses amid the pandemic. Vice President Leni Robredo speaks to her supporters from Laguna during a virtual greet and meet event...
ym-cebupacific-180520-e1615967991784 Still reeling from low passenger volumes due to the pandemic, Cebu Air Inc., operator of Cebu Pacific (CEB), bled P21.99 billion in the first nine months of the year, 49.8 percent higher than the losses it incurred in the same period in 2020. Airline revenues...
The 13th month pay of employees in the services sector will depend on how well their respective companies perform this final quarter of 2021. Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion speaks during the virtual press briefing on Tuesday, Sept. 28 (Screenshot...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
Four days after typhoon "Jolina" left the country, the agricultural damage and losses it caused continue to balloon and is now at P633.36 million, the assessment of the Department of Agriculture disclosed Monday, Sept. 13. (Photo courtesy of the Department of Agriculture) It doubled from the...
