Union Bank of the Philippines reported a 79 percent surge in net income to P4.7 billion in the first three months of 2021 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said first quarter earnings is also 53 percent higher than the last three months of...
Despite fewer coronavirus cases last year, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is experiencing a disproportionate impact of the pandemic in terms of its socio-economic development and in aggravating existing and emerging vulnerabilities in the region, according to the...
The League of Provinces of the Philippines (LPP) expressed concern Friday, April 23 over the proposal to reduce the required quarantine days for returning overseas Filipino workers (OFW). In an interview over GMA News, LPP president and Marinduque Governor Presbitero Velasco Jr., noted that some...
Another government agency, the National Privacy Commission (NPC) denounces in the strongest terms any act of unjust profiling of community pantry organizers and expresses grave concern the statement of police authorities likening the selfless act of an organizer to that of satan’s. In a strongly...
Despite EO 130 The mining sector will remain under scrutiny despite President Rodrigo Duterte's recent decision to lift the moratorium on new mining operations, a top government official said. As a start, Environment Secretary Roy Cimatu said the government is considering imposing more...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
Philippine businessmen Wednesday, (April 14) took a pause from their busy schedules to make a stand against China’s aggression in the country's territory. With that business groups rallied behind Defense Secretary Delfin Lorenzana, other government officials and various groups...
The Philippine government has allowed the mining companies that were suspended and ordered closed by former Environment Secretary and late Regina Paz Lopez in 2017 to continue operating. Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said on Tuesday that the government has decided to...
The Philippine International Literary Festival happens this month and onward Portuguese poet Fernando Pessoa describes literature as “the most agreeable way of ignoring life.” Simply put, it’s the best kind of distraction. If so, then literature could easily be considered an “essential...
SECRETARY RAMON M. LOPEZ Department of Trade and Industry (Photo by Mr. Mark Ches Ang) As the Philippine economy continues to tread the path towards post-pandemic recovery, keeping Micro, Small, and Medium Enterprises (MSMEs) relevant remains a challenge for us at the Department of Trade and...
Several agriculture lobby groups jointly appealed for President Rodrigo Duterte to withdraw his recommendation to increase the Minimum Access Volume (MAV) for pork by 350,000 metric tons (MT) as this may cause further damage to the local hog industry. The groups also asked Duterte to shelve another...
