NBI Confirms Rebars in Collapsed Pampanga Building from Investigated Plant
The National Bureau of Investigation (NBI) confirmed that steel bars recovered from the rubble of a collapsed building in Angeles City, Pampanga, originated from a steel manufacturing plant currently under investigation. This was revealed during a Senate Committee on Economic Affairs hearing.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- China, Malaysia Investors Eye Coconut Shell Processing Plant in Davao del Norte
Chinese and Malaysian investors are exploring the establishment of a large-scale coconut shell processing plant in Davao del Norte, Philippines. The venture aims to process 20,000 metric tons of coconut shells annually into high-value products, potentially boosting income for local farmers.
- LandBank Posts 8% Net Income Growth to Over P37.5B in 9 Months
The state-run Land Bank of the Philippines reported an 8% year-on-year increase in net income for the first nine months of the year, reaching P37.53 billion, driven by the expansion of its core banking operations and a surge in digital transactions.
- DTI Rules Out Shrinkflation for 190 Basic Goods Until Year-End
The Philippine Department of Trade and Industry (DTI) assured consumers that "shrinkflation" would be avoided for 190 monitored basic necessities and prime commodities committed to price freezes until year-end, guaranteeing no reduction in product quantity, size, or weight.
- Business Groups Back People's Initiative to End Political Dynasties in the Philippines
Key business groups in the Philippines have declared their support for a People's Initiative aimed at ending political dynasties. This move signals a push for reform against hereditary political power, a long-standing structural issue in Philippine governance.