State-run think tank Philippine Institute for Development Studies (PIDS) is urging the government to overhaul its energy subsidy frameworks, warning that design flaws are allowing wealthy households and profitable private resorts to capture millions of pesos intended for marginalized consumers. In...
Senators on Monday, June 15 urged the Department of Health (DOH) and Philippine Health Insurance Corp. (PhilHealth) to look into the plight of a widow who allegedly was forced to cough up P1-million by a hospital as a deposit for her husband who needed immediate surgery but eventually died unable...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
House Speaker Faustino “Bojie” Dy III is championing the push to institutionalize a Universal Social Pension for senior citizens, saying millions of Filipinos are calling for stronger support for senior citizens struggling with rising medicine, health care and living costs. Dy, Isabela 's...
Electricity subsidies remain necessary to help vulnerable households and remote communities access power, but the Philippine government needs to improve targeting mechanisms to reduce leakages and ensure long-term sustainability, according to experts at a recent webinar organized by state-run...
Okada Manila, the integrated casino resort owned by Tiger Resort Leisure and Entertainment Inc. (TRLEI), is turning to its newly minted online gaming business to overcome severe structural headwinds and macroeconomic fallout from the Middle East crisis, which the company expects will weigh on...
Universal Robina Corp. (URC), the Gokongwei Group’s food and beverage unit, is targeting mid-single-digit growth in revenues, while earnings before interest and tax (EBIT) are seen rising at a faster pace, although it remains wary that a prolonged war in the Middle East could affect consumer...
Universal Robina Corp., the food and beverage arm of the Gokongwei family’s JG Summit Holdings Inc., reported a four percent decline in first-quarter net income from continuing operations to ₱4.1 billion as lower sugar prices weighed on its commodities segment. In a disclosure to the Philippine...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the owner of Okada Manila integrated casino resort, registered a 53- percent drop in earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter—signaling that the local casino business is still far from a...
The Super Mario Galaxy Movie is the highly anticipated follow-up to the wildly successful Super Mario Bros. movie from three years ago. In keeping with the time-honored tradition, this story again begins with a princess being kidnapped. This time, however, it isn’t Anna Taylor-Joy’s Princess...
DreamWorks Animation released the first trailer of "Forgotten Island" on March 25, an original film that puts the unbreakable bond between two best friends to the ultimate test. Rooted in rich Filipino culture, the film stars H.E.R. and Liza Soberano as Jo and Raissa — lifelong best friends and...
Okada Manila is shifting its strategy toward mass-market gamblers and regional tourism partnerships as the integrated resort operator looks to recover from an operating loss last year. Parent company Universal Entertainment Corp. said the company expects the Philippine gaming sector to remain...
