A good idea. That's how Albay 2nd district Rep. Joey Salceda described the proposal from Malacañang to merge government financial institutions (GFIs) the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). Salceda said in a statement Wednesday afternoon, March 29,...
Land Bank of the Philippines is poised to overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders. Finance Secretary Benjamin E. Diokno said the government will merge the Development Bank of the...
President Ferdinand "Bongbong" Marcos Jr. is keen on merging the Development Bank of the Philippines (DBP) and the Lank Bank of the Philippines (Land Bank), which he called as a game changer amid recent financial developments abroad. Marcos presided over a meeting with the economic team on Tuesday,...
System operator National Grid Corporation of the Philippines (NGCP) has issued straightforward warning to consumers to brace for rotational blackouts after the Energy Regulatory Commission’s (ERC) has thumbed down its bid to extend monthly its existing ancillary services contracts. The ancillary...
The Pharmaceutical and Healthcare Association of the Philippines (PHAP) reminded the public of the importance of vaccination as this can help prevent certain diseases. In a statement, PHAP said that vaccines are “cost-effective and are one of the core components of preventive health services...
The Department of Energy (DOE) is giving guarantee to the grid integration of more than 13,000 megawatts of new renewable energy (RE) capacities to be on commercial stream in the next three years. That had been the assurance given by Energy Undersecretary Rowena Cristina L. Guevara when she laid...
With President Ferdinand R. Marcos, Jr. and Defense Secretary Carlito Galvez, Jr. as witnesses, the director-general of the National Intelligence Coordinating Agency (NICA) and the president of the National Grid Corporation of the Philippines (NGCP) signed in Malacañang Palace last week a...
The University of the Philippines (UP) community welcomed Quezon City Regional Trial Court's decision to dismiss the charges filed by the Social Security System (SSS) against UP Professor Melania Flores. This was after the state-run pension fund executed an affidavit of desistance, said the Congress...
HEARD IT THROUGH THE GRIPEVINE: OUR NEW ABNORMAL As talks swirl about a plan to merge our two state-owned lending institutions, the Land Bank and the Development Bank of the Philippines (DBP), it may make sense to first appreciate that this is a “revival” of an old tune — one that’s brought...
President Ferdinand "Bongbong" Marcos Jr. has lamented how the previous administrations had supposedly failed to develop the military's capabilities as he vowed to provide soldiers with modern equipment. Marcos said this as he talked to the troops of the Armed Forces of the Philippines (AFP)'s 9th...
President Ferdinand "Bongbong" Marcos Jr. has asked Filipino soldiers to become peacemakers as the government carries out a new approach to dealing with the communists and terrorist groups it is trying to eliminate. Marcos said this as he talked to the troops of the Armed Forces of the Philippines...
The Israel Chamber of Commerce of the Philippines, Inc. (ICCP) recently held a webinar entitled ‘Aquaculture Innovation: Spotlight on Israeli Tech to Meet the Rising Food Demand.’ The event was held to exchange ideas on the aquaculture systems used and developed by Israeli fisheries and to...
