State-owned Philippine Amusement and Gaming Corp. (Pagcor) reported a strong double-digit revenue growth last year, but it fell short of pre-pandemic levels. In a statement, the government's gaming regulator and operator said that the company generated P79.37 billion in revenues from January to...
ILOILO CITY – The National Grid Corp. of the Philippines (NGCP) warned of power instability in Panay Island less than a month after the prolonged New Year power blackout. The NGCP announced on Thursday, February 1, that it may resort to manual loading dropping. “This is to preserve the...
Isuzu Philippines Corporation (IPC), the nation’s leading provider of trucks, announced it has maintained last year the number one position in the truck segment for 24 consecutive years, cornering 43 percent market share. IPC President Tetsuya Fujita reported that in 2023, IPC secured a...
Sen. Raffy Tulfo said on Thursday, Feb. 1, that the Governance Commission for GOCCs (GCG) has taken care of its promise to fix the Compensation and Position Classification System (CPCS) of the Philippine Amusement and Gaming Corporation (PAGCOR). In a statement, Tulfo said that it includes...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
The Maharlika Investment Corp. (MIC) deliberated on the strategic direction of the fund, with Finance Secretary Ralph G. Recto assuming the role of the new chairperson. The Department of Finance (DOF) reported that on Friday, Jan. 26, Recto chaired the second board meeting of the MIC. Last Jan. 7,...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez floated the possibility of using the Maharlika Investment Fund (MIF) to help local auto manufacturers as the industry adjusts to the needs of the Public Utility...
The commercial operations of the ancillary services (AS) market will guarantee the full procurement of power reserves needed by system operator National Grid Corporation of the Philippines (NGCP) in efficiently running the country’s electricity system. After more than a decade of planning, policy...
The Philippine Health Insurance Corporation (PhilHealth) declared on Thursday, Jan. 25, the extension of privileges related to ongoing systems optimization until Jan. 31. (PhilHealth) The announcement through PhilHealth Advisory No. 2023-0039 outlined changes that will come into effect on Feb. 1,...
DAVAO CITY – Over 284 families or 1,704 individuals affected by flooding in the host communities of Hallmark Mining Corp. in two barangays in Mati City, Davao Oriental, received food assistance on Saturday, January 20, and Monday, January 22. FAMILIES from host communities of Hallmark Mining...
ILOILO CITY – A power interruption has been set in this city and towns in Iloilo province on Tuesday, January 23, three weeks after a blackout at the start of the New Year caused massive inconvenience to the people. The National Grid Corp. of the Philippines (NGCP) announced on Sunday, January...
DAVAO CITY – Hallmark Mining Corp. has denied reports that its workers had been trapped in a nickel mine site in the coastal Barangay Macambol in Mati City, Davao Oriental due to severe flooding on January 18. CLEARING operations continue on the road linking Barangay Macambol proper to...
