Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, reported that its acquisition of Rose Pharmacy Inc. has been cleared by the Philippine Competition Commission (PCC). Under a share purchase agreement dated Sept. 25, 2020, RRHI, through its subsidiary South Star Drug Inc.,...
President Marcos said he will meet Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Summit to discuss what can be done to reduce tensions in the disputed portions of the West Philippine Sea (WPS). President Ferdinand ‘Bongbong’...
DAVAO CITY – Former President Rodrigo R. Duterte encouraged China and other nations asserting claims over the West Philippine Sea to reach a diplomatic agreement through the United Nations (UN) instead of engaging in conflict. FORMER President Duterte (Screenshot from Gikan sa Masa, Para sa Masa...
Philippine Airlines (PAL) is urging the public to remain vigilant against fake social media accounts that are soliciting unauthorized payments from customers under a false affiliation with the airline. In a statement, PAL said "unscrupulous individuals have created bogus Facebook (FB)...
The output of fisheries products slightly increased in the third quarter as it posted a 2.1 percent jump, the Philippine Statistics Authority (PSA) said in a report. Based on the PSA data, fisheries production was posted at 1.012 million metric tons from July to September, up from the 996,320...
Now that the Maharlika Investment Fund (MIF) implementing rules and regulations (IRR) have been revised, President Marcos disclosed on Wednesday, Nov. 15 (US time) that the investment fund will finance “about 80 potential infrastructure projects” in the Philippines. President Ferdinand Marcos...
The Philippine Amusement and Gaming Corp. (Pagcor) said it remitted additional dividends to the Bureau of the Treasury to bolster the government’s budget for various programs. In a statement, Pagcor announced that the government's gaming regulator and operator transferred P5 billion in cash...
The Philippines needs to improve its connectivity and supply chain linkages in a bid to regain its leading role in the region, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Presidential Communications Office) During the Philippine economic briefing in San...
Philippine Airlines (PAL) and Singapore Airlines (SIA) have recently signed a new codeshare partnership agreement to accommodate more flight options for passengers traveling to and from the Philippines and Singapore, beginning in the fourth quarter of 2023. Through the codesharing agreement, PAL...
The Philippine Stock Exchange (PSE) reported a 19.9 percent growth in net income to P575.65 million in the first nine months of 2023 from the P480.07 million it generated in the same period last year, on account of higher investment income. In an investors’ briefing, PSE Executive Vic President...
The Department of Science and Technology-Philippine Nuclear Research Institute (DOST-PNRI) encouraged junior and senior high school students to participate in the First Philippine Nuclear Science Olympiad (PNSO), which will be held in December. Photo from DOST-PNRI Participants must be below 18...
The National Economic and Development Authority (NEDA) released the Implementing Rules and Regulations (IRR) of Republic Act No. 11927 or the Philippine Digital Workforce Competitiveness Act. The law is mandated to conceptualize and promote policies that would enhance the competitiveness of the...
