Ayala Land, Inc. (ALI) has set PHP100 billion in capital expenditure (capex) target this year as its outlook in the property sector remains rosy, especially in the high-end market. In a recent press briefing, ALI chief finance officer Augusto Bengzon said 34% of this year’s capex would be spent on residential projects, 24% for estate development, 19% for land acquisition, 10% for malls, 8% for…
Finance Secretary Ralph Recto has urged member states of the Inter-governmental Group of Twenty-Four (G-24) to reclaim their lost momentum through heightened cooperation and scaled-up support from international financial institutions. In his opening remarks for the G-24 Technical Group Meeting, Recto, who is chair of the G-24 Board of Governors, urged G-24 members and international partners to…
TRADE TALKS. Segundo Sigmundfreud Barte Jr. Bureau of Customs (BOC) acting district collector in Legazpi, gives his message during the”Regional Stakeholders Meeting” at The Oriental Hotel on Wednesday (Feb. 21, 2024). Barte said they are optimistic about collecting PHP3 billion in revenues for 2024. (PNA photo by Connie Calipay) LEGAZPI CITY – The Bureau of Customs…
MODERN FARMING. Wallace Chow, representative of the Taipei Economic and Cultural Office (TECO) in the Philippines, joins fellow Taiwan officials and local Cagayan officials in harvesting sweet potatoes in Amulung town on Wednesday (Feb. 21, 2024). Chow offered a full scholarship program for student-farmers in the province who will learn modern farming technologies that they…
SKILLS TRAINING. Residents of Adams, Ilocos Norte train on mushroom production in this undated photo. Various skills training is being offered by the Technical Education and Skills Development Authority to equip people additional skills and allow them to have alternative source of income. (Photo by Leilanie Adriano) LAOAG CITY – Technical Education and Skills Development Authority (TESDA)…
BACOLOD CITY – Fabric weaving from threads derived from a reed grass, locally known as ‘tikog’ has become a thriving livelihood industry in a remote farming community in Negros Occidental, which was previously a rebel infested conflict area. In the last two years, ‘tikog’ weaving has led to the development and production of various household and lifestyle items, which have become a…
DUMAGUETE CITY – Siaton, Negros Oriental Mayor Cezanne Fritz Diaz has ordered a shutdown of visits in a cave in the remote barangay of Apoloy in his municipality and imposed a round-the-clock security following the deaths of two “treasure hunters” last week. Maj. Danilo Santillan, Siaton police chief, told the Philippine News Agency Mayor Diaz was furious after learning about the incident at a cave…
The Department of Transportation (DOTr) looks forward to fast-track major railway projects in the country through technical and financial assistance from the Japanese government. In a recent meeting with the Japan International Cooperation Agency (JICA) and the Japanese Ministry of Land Infrastructure Transport and Tourism, Transportation Secretary Jaime Bautista expressed optimism their discussions will help expedite the ongoing construction of several big-ticket rail…
REGIONAL AGRI OFFICE. Canadian Minister for Agriculture Lawrence MacAulay gives his remarks during the symbolic opening ceremony of the Indo-Pacific Agriculture and Agri-Food Office on Wednesday (Feb. 21, 2024). With the IPAAO opening, MacAulay is confident Canada’s annual agriculture and agri-food export worth over CAD22.8 billion (PHP943.19 billion) to the region would further grow. (PNA photo by…
MANILA – Officials of the Department of Agriculture (DA) and Board of Investments (BOI) and economists on Wednesday expressed support for the liberalization of foreign investments in the rice and corn industry to boost food production, increase farmers’ income, and foster greater competition to benefit consumers. At a roundtable discussion at the House of Representatives on…
