State-run National Housing Authority (NHA) received the largest subsidy support from the national government in September this year to aid its goal of ensuring the country’s housing programs, data from the Bureau of the Treasury showed. The national government gave away P21.26 billion in...
The fuel products of leading oil firm Petron Corporation have been rated ‘top consumer choice’, based on a recent survey carried out by Hongkong-based consumer intelligence firm Standard Insights. Taking cue from that survey outcome, Petron has been bestowed the ‘Consumer Choice Awards’ by...
Telecommunication company NOW Corporation has signed a memorandum of understanding (MOU) with US-based technology firm Mangata Networks Inc. for stronger satellite-enabled connectivity. The MOU was signed at the Grand Hyatt in Bonifacio Global City (BGC), Taguig City. Among the signatories were...
San Miguel Corporation's (SMC) infrastructure unit said it is preparing its major expressways in anticipation of heavy traffic from Oct. 27 throughout the extended weekend brought by the influx of provincial travel due to the Barangay and Sangguniang Kabataan Elections (BSKE) on Oct. 30 and "Undas"...
Pangilinan-led PXP Energy Corporation is still focused on intensifying its plea to the government for the targeted lifting of the ‘force majeure’ roadblock that had been enforced on its planned exploration and drilling activities at its petroleum blocks along Palawan basin. The company has been...
Aboitiz Power Corp. and South Cotabato Electric Cooperative Inc. (SOCOTECO-I) have collaborated to donate electric supplies to Barangay Benitez in South Cotabato. Based on the 2020 census, the donation would power 1.8 million Filipino households, in line the government’s goal to successfully...
Ayala-owned Bank of the Philippines Islands (BPI) will be issuing 314 million common shares to the shareholders of the Gokongwei-led Robinsons Bank Corporation (RBC) to complete their merger, which was approved by the Board of Directors on Sept. 30. According to a disclosure to the Philippine...
Renewable power pioneer and publicly listed Alternergy Holdings Corp. said it will develop a wind farm on the island of Alabat, Quezon. In a statement, Alternergy said the Provincial Development Council (PDC) of Quezon Province approved the construction of Alabat Wind Power, a renewable project....
The Court of Tax Appeals (CTA) has denied the petition filed by Oceanagold Philippines, Inc., which sought from the Bureau of Internal Revenue (BIR0 a refund or tax credits for P155.5 million in excise taxes which it claimed were illegally assessed and collected in 2017. Oceanagold, a mining...
Razon-led MORE Electric and Power Corp. (MORE Power), the power distribution utility in Iloilo City, plans to increase renewable energy (RE) to balance its usage with fossil fuel generation. Roel Castro, MORE Power president and chief executive officer said explained the possibility of utilizing...
Consumers’ financial pain would be back at the pumps this week as the price of diesel products will rise by P1.30 per liter, while gasoline products will also escalate by P0.95 per liter, according to the pricing adjustment advisories of the industry players. Kerosene, which is the other...
The government's portion of the income generated by the Philippine Amusement and Gaming Corp. (Pagcor) increased by 40 percent in the first eight months of the year. According to the Bureau of the Treasury's report, the government's gaming regulator and operator contributed P21.59 billion in...
