Big business magnates Sabin Aboitiz, Ramon Ang, and Manuel Pangilinan have sealed a US$3.3-billion energy deal that will augment the country’s power supply with over 2,500 megawatts (MW) of generation capacity.In a recent disclosure to the Philippine Stock Exchange Monday, Aboitiz Power Corp., Meralco PowerGen Corp. (MGen), and San Miguel Global Power Holdings Corp. (SMGP)…
The government his intensified its efforts to mitigate the effects of the El Niño phenomenon and help keep the inflation rate within target. The National Economic and Development Authority (NEDA) made the statement on Tuesday after the Philippine Statistics Authority (PSA) reported that headline inflation accelerated to 3.4% in February this year. The headline inflation during the month was…
MANILA – Global sports brand Decathlon sees the Philippines as an emerging market for sports wearable and equipment. France-based Decathlon has expanded its Philippine operations with the opening of its newest store in Cebu last March 1. This is the retail sports brand’s first store opening in the country this year. Decathlon’s 3,000-square meter sports retail zone in SM City Cebu is…
MANILA – The antitrust bodies of the Philippines and Australia have committed to strengthen their cooperation on advocacy and enforcement following the signing of a Memorandum of Understanding (MOU) in Canberra. In a statement Tuesday, the Philippine Competition Commission (PCC) said Chairperson Michael Aguinaldo signed an MOU with Australia Competition and Consumer Commission (ACCC) Chair Gina Cass-Gottlieb last…
LEGAZPI CITY – The Department of Agrarian Reform (DAR) expects a higher income for ginger and turmeric farmers in Camarines Norte with the help of a new processing facility in Barangay Maulawin, Sta. Elena town. In an interview on Tuesday, DAR-Camarines Norte information officer Erleen Alvarez said the P700,000-facility has a processing and kitchen area under…
CITY OF SAN FERNANDO, Pampanga – The Pampanga Provincial Disaster Risk Reduction and Management Council (PDRRMC) on Tuesday approved the realignment of P20 million to respond to the impact of the El Niño, raising the budget to assist farmers, fishermen and livestock growers to P51 million. Provincial Disaster Risk Reduction and Management Office Chief Angelina Blanco confirmed this…
MALASIQUI, Pangasinan – The La Union Police Provincial Office (LUPPO) has intensified visibility and the conduct of checkpoints to address the rising number of vehicular traffic incidents (VTIs) in their province. A total of 872 VTIs with 88 deaths were recorded in the province in 2023, up from the 511 cases with 77 deaths reported in 2022….
LEGAZPI CITY – The Philippine Institute of Volcanology and Seismology (Phivolcs) has now lowered Mayon Volcano’s alert status from Level 2 (moderate level unrest) to Level 1 (low level unrest). In its 5:30 p.m. bulletin on Tuesday, Phivolcs said a steady decline in monitored parameters has been observed. Since January, the volcano generated an average of two to three earthquakes…
The Supreme Court (SC) has affirmed the validity of a law enacted in 1998 allowing the government to take control of private entities engaged in the oil industry during emergencies, as directed by the President. In its 37-page decision published online Tuesday, the SC reversed a 2013 Court of Appeals (CA) decision and said the…
DIPLOMATIC TIES. The Philippine Monument in Gyeonggi province built by the South Korean Ministry of National Defense in October 1974 to remember the Filipinos who fought to defend the security and freedom of the Republic of Korea. The Philippines and South Korea mark 75 years of diplomatic relations formally established on March 3, 1949. (PNA photo…
