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🇵🇭 Philippines News Archive

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Page 91

GMA News Philippines

Marcos Returns to PH After Singapore Visit, Secures Investment and Energy Deals

President Ferdinand Marcos Jr. has returned to the Philippines after a working visit to Singapore, where significant agreements were made to boost economic growth and energy security. These include FedEx's expansion of its Clark Gateway Hub, a $700 million investment from Mitsubishi Corporation, and additional renewable energy capacity from Vena Energy.

GMA News Philippines

Philippines Assumes Dual Chairmanship of Global and Asian Election Bodies

The Commission on Elections (Comelec) announced that the Philippines will simultaneously assume the chairmanship of the Association of World Election Bodies (A-WEB) and the Association of Asian Election Authorities (AAEA). This marks a historic first for the Philippines, aiming to strengthen international cooperation in electoral administration.

GMA Money Philippines

Fuel Prices Mixed in Philippines: Diesel Drops, Gasoline Rises

Philippines will see mixed fuel price adjustments starting October 13, with diesel prices dropping by P3.01 per liter and gasoline prices increasing by P1.56 per liter. Kerosene will also rise by P1.77 per liter, influenced by G7 emergency oil reserve releases and US-Russia agreements.

SunStar Philippines (GN)

Davao Firm Plans AI Hub for Mindanao

A Davao-based company is planning to establish an Artificial Intelligence (AI) hub in Mindanao, aiming to foster AI technology and develop local talent. This initiative is expected to contribute to the Philippines' digitalization efforts and economic growth.

Philstar Business

ERC Orders Meralco to Refund P2.64 Billion to Consumers

The Energy Regulatory Commission (ERC) has ordered Manila Electric Company (Meralco) to refund approximately P2.64 billion in overcollected distribution charges from January to June 2020 to consumers over roughly six months. This is expected to reduce bills by an average of P0.1020 per kWh.

Inquirer Business

Foreign Investors Turn Net Sellers of PH Stocks, Bonds in August

Foreign portfolio investments (FPI) in the Philippines recorded a net outflow of $315 million in August, ending three consecutive months of net inflows. Both stock and government securities markets saw net selling by foreign investors.

Inquirer Business

GCash Operator Mynt Inc. Pushes Ahead with IPO Amid Market Volatility

Mynt Inc., the operator of Philippine digital payments giant GCash, intends to proceed with its initial public offering (IPO) as planned, despite market uncertainties. The company cited confidence in its business as a driving factor behind the decision.

Philstar Business

Philippines Sees Investment and Exports Accelerate, Boosting Recovery Hopes

PEZA investment approvals in the Philippines reached P297.14 billion by end-September, nearing a record high, while merchandise exports rose 15% year-on-year in January-August, driven by strong electronics demand. These reinforcing trends are fueling optimism for economic recovery.

Philstar Business

Cebu Pacific Boosts International Fleet Amid Resilient Tourism Demand

Philippines' Cebu Pacific is expanding its international long-haul fleet with the acquisition of its 15th A330neo aircraft. This move aligns with a resilient tourism demand, supporting the country's target for international arrivals and potentially boosting passenger growth and aircraft utilization.

Philstar Business

MGEN Eyes Meralco Contract to Revive Atimonan Coal Plant

MGEN plans to bid for Meralco's 900MW baseload power supply contract (PSA). This move could revive the long-delayed Atimonan coal-fired power plant in Quezon. Securing the contract is key to project financing.

GMA Money Philippines

ERC Orders Meralco to Refund Over P2.64 Billion to Consumers

The Energy Regulatory Commission (ERC) has ordered Manila Electric Company (Meralco) to refund approximately P2.64 billion to its customers, citing that the company collected charges exceeding approved rates. The refund is set to be disbursed over six months.

Inquirer NewsInfo

DBM Mandates Justification for Shelving Local Projects in 2028 Budget Preparation

The Philippine Department of Budget and Management (DBM) has issued new guidelines for the 2028 national budget preparation, requiring national government agencies to explain any rejection, delay, or modification of regional development projects. This move aims to enhance transparency and responsiveness to local needs in spending decisions.

Inquirer NewsInfo

Panelo: ‘Dark horse’ could replace Sara Duterte in 2028

Former presidential spokesperson Harry Roque suggested that a 'dark horse' candidate might emerge to replace current Vice President Sara Duterte in the 2028 Philippine presidential elections. This hints at the political maneuvering and potential shifts within the current administration leading up to the next polls.

Inquirer NewsInfo

Baguio City Eyes P180-M Underdrainage Project for Lagoon Flooding

Baguio City is coordinating with the Department of Public Works and Highways (DPWH) on a proposed P180-million underdrainage project to address recurring flooding in City Camp Lagoon. The project aims to resolve inundation issues in the approximately 11,033-square-meter lagoon area.

Inquirer NewsInfo

NPA Rebel Linked to Soldier's Ambush Arrested in Surigao

An alleged member of the New People's Army (NPA) linked to a 2016 ambush that killed an Army soldier has been arrested in Agusan del Sur. The suspect was reportedly wanted for the soldier's killing.

Inquirer NewsInfo

P306-M 'Shabu' Seized in Cebu City Drug Bust, Largest in a Decade

Cebu City authorities seized approximately 45 kilograms of suspected crystal meth, valued at around P306 million, in two separate anti-drug operations over the weekend. A 41-kilogram portion of the haul is reportedly the largest drug seizure in the Central Visayas region in the past decade.

BusinessWorld Nation

Philippines Urged to Boost Defense Spending Despite France Military Pact

Despite expanding defense cooperation with France, security analysts urge the Philippines to boost investment in military equipment and technology to counter Chinese maritime pressure. Concerns are raised about domestic factors potentially limiting foreign partnerships.

Inquirer NewsInfo

Legarda Files Bill to Strengthen Fishing Vessel Monitoring

Senator Loren Legarda has filed a bill seeking to strengthen the monitoring of fishing vessels to combat illegal, unreported, and unregulated (IUU) fishing and protect the livelihoods of small-scale fishermen by establishing an electronic vessel monitoring framework.

SunStar Philippines (GN)

Davao Durian Farmers Weigh Market Expansion for Better Returns

Durian farmers in Davao, Philippines, are cautiously weighing the potential for increased profits from market expansion against associated risks. While access to larger markets holds promise for improving their economic situation, uncertainties remain.

Inquirer NewsInfo

Tulfo Warns Power Firms Against Price Exploitation Amid Super El Niño

Senator Erwin Tulfo has warned power companies against unjustified rate hikes or substandard service amid extreme weather conditions like the "Super El Niño." He emphasized that any price increases must be fair and reasonable, not exploiting the situation.

SunStar Philippines (GN)

NCIP-Davao Renews Warning on Ancestral Domain Land Sales

The National Commission on Indigenous Peoples (NCIP) in Davao has issued a renewed warning against the illegal purchase of ancestral domain lands. Buyers may face nullification of ownership and legal repercussions.

Inquirer NewsInfo

Lacson dares Cayetano to name individuals he allegedly threatened

Senator Panfilo Lacson on Sunday challenged Senate Minority Leader Alan Peter Cayetano to name the individuals he allegedly threatened in connection with infrastructure projects and reclamation activities in Taguig City. Lacson's statement was a response to Cayetano's social media post claiming to have received 'feelers' from parties.