Economic advocacy group Action for Economic Reforms (AER) backs the Department of Finance’s (DOF) stance to retain Philippine Health Insurance Corp.’s (Philhealth) five-percent premium rate, warning that any reduction would have catastrophic consequences for the country’s health financing...
After nearly seven years of service, Commission on Higher Education (CHED) Chairman Prospero “Popoy” de Vera III has officially stepped down from his post, following the acceptance of his courtesy resignation by President Marcos. In a statement released on Thursday, May 29, de Vera expressed...
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
Universal Robina Corporation (URC), the Gokongwei Group’s food and beverage unit, is has opened a new research and development center under its Malaysian subsidiary, URMunchy’s, as it bids to set the pace in snack innovation across Southeast Asia. “This center is not just a facility: It’s...
As inflation continues to ease, the Gokongwei Group’s food and beverage unit Universal Robina Corporation reported that noted that consumers are now less likely to purchase cheaper alternatives to their preferred products. “We are benefiting from more positive consumer sentiment in the...
Universal Robina Corporation (URC), the Gokongwei Group’s food and beverage unit, expects its growth to accelerate as rising consumer confidence leads to higher sales. “We are starting the year on a high note, delivering impressive volume growth across our key branded businesses in the first...
Tobacco farmer Eddie Garabiles takes a midday rest under the shade of his curing barn. Summer’s heat could peak at 51 degrees Celsius this afternoon, so Eddie Garabiles, 55, took shelter under the shade of the curing barn he made with coconut leaves, its frame held together by bamboo. He could...
Senator Christopher “Bong” Go said he welcomes the Philippine Health Insurance Corporation’s (PhilHealth) target to raise its hospital bill coverage to 18 percent by 2025 and 28 percent by 2028. Sen. Christopher “Bong” Go However, Go, chairman of the Senate Committee on Health and...
The Gokongwei Group is increasing its investments for its real estate and food and beverage units while investments for aviation drops as it expects fewer aircraft and engine deliveries. JG Summit Holdings Inc. said the sharply lower capital expenditures of Cebu Air Inc., down 49 percent to P33...
The Office of the Ombudsman (OMB) has implemented a six-month preventive suspension without pay of Marikina City Mayor Marcelino "Marcy" Teodoro, Vice Mayor Marion S. Andres, and 17 other local officials for the reported misuse of P130 million in Philippine Health Insurance Corporation...
Universal Robina Corp. (URC), the Gokongwei Group’s food and beverage unit, reported a three percent dip in core net income to ₱12.2 billion last year due to lower earnings from its sugar and renewables business (SURE). In a disclosure to the Philippine Stock Exchange, the firm said sales...
Reelectionist Senator Christopher “Bong” Go has called out the Philippine Health Insurance Corp. (PhilHealth) after it reportedly denied a newborn benefits due to an alleged misinterpretation of existing policies. Sen. Christopher "Bong" Go (MB File Photo) Go made the call...
