THE SENATE public services committee has recommended the repeal of the Department of Transportation’s (DoTr) order delegating motor vehicle inspection system to private operators. Under Committee Report No. 184, the panel chaired by Senator Grace Poe-Llamanzares said the order is “half-baked” and will have to go through the legislative process. “The policy of ensuring only […]
Category: Hot News
Nationwide round-up (02/16/21)
NPC tells teachers: Don’t post photos, videos of students in online classes THE National Privacy Commission (NPC) is warning teachers against posting on social media photos or video clips collected from online classrooms to protect the privacy of students. The commission said in a statement on Tuesday that schools should enforce social media policies that […]
Regional Updates (02/16/21)
80-ha area in national penitentiary to be used as urban agri site A FARM-fishery project will be developed within the national penitentiary’s 80-hectare reservation area as part of the Department of Agriculture’s (DA) urban farming program. The DA announced on Tuesday that it recently signed an agreement with the Bureau of Corrections (BuCor) for the […]
Meralco power rates down in February
The Manila Electric Company (MERALCO) announced today a downward adjustment of power rates as the overall rate for a typical household decreased by P0.0704 per kWh, from last month’s P8.7497 per kWh to P8.6793 per kWh this February. This is equivalent to a decrease of around P14 in the total bill of residential customers consuming 200 kWh. This […]
Federal Land seeing higher demand for townships
FEDERAL LAND, Inc. said it continues to see increased demand for its township developments such as Metro Park in Pasay City and Grand Central Park in Bonifacio Global City amid the pandemic. “After a year of extraordinary circumstances, Filipinos are now looking for more than just a good place to sleep in when it comes […]
Megawide bags ‘multiple contracts’ worth P26B for Suntrust project
MEGAWIDE Construction Corp. on Monday said it bagged “multiple” contracts amounting to P26.3 billion from Suntrust Home Developers, Inc. for its Westside City Resorts World project. “The initial letters of award from Suntrust — totaling P6.3 billion — included initial works such as pile cap, excavation, and lateral support direct contract, worth P2.3 billion, and […]
Converge exploring new satellite technologies
LISTED internet service provider Converge ICT Solutions, Inc. on Monday said it is currently exploring latest satellite technologies to improve its services. “The latest satellite technologies, including that of Space Exploration Technologies Corp. (SpaceX), are among those new technologies being explored by Converge to bring high-speed broadband to far-flung areas in the country,” Converge said […]
Gov’t upsizes T-bill award as rates decline further
THE GOVERNMENT Hiked its award of Treasury bills on Monday as rates continued to drop on the back of strong demand from investors looking for higher yields. — BW FILE PHOTO THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded for the seventh straight week on Monday as demand remained high despite faster […]
Are you feeling lucky?
After the disaster that was 2020, one feng shui consultant takes a risk to predict which signs will be lucky — or not — in the Year of the Metal Ox. WE’RE ALL still reeling a bit from 2020 (there is still a pandemic, after all), so it’s best to know what’s in store for […]
Tagaytay Highlands introduces virtual turnover process
TAGAYTAY HIGHLANDS is adapting to the new normal by turning over units virtually through video communications applications. “The virtual turnover procedure is a contactless process in which Tagaytay Highlands officially hands over the property to the buyer in real-time via Google Meet or Zoom. A Customer Service Officer guides the client step-by-step — from property […]
Iñigo Pascual releases his version of Air Supply’s ‘All Out of Love’
INTERNATIONAL rock duo Air Supply, composed of Graham Russell and Russell Hitchcock, hailed Iñigo Pascual and Moophs’ remake of their classic hit “All Out Of Love” for its “great production and sound.” Mr. Russell joked during a press conference on Feb. 11 (via Zoom) that Mr. Pascual is bound to “sing the song for the […]
Alorica sets 10-15% revenue growth target
OUTSOURCING firm Alorica Philippines is expecting its revenues to grow 10-15% this year as demand from the retail and logistics industries requiring more customer service assistance swells. This target outpaces the overall industry target of a 3.2-5.5% revenue compound annual growth rate (CAGR) up to 2022, as reported by industry group Information Technology and Business […]
BSP bills undersubscribed on RTBs
THE CENTRAL BANK sold P99.05 billion in one-month securities on Monday, below its program due to the government’s ongoing offer of retail Treasury bonds (RTBs) and expectations of quicker inflation. Demand for the 28-day bills offered by the Bangko Sentral ng Pilipinas (BSP) on Monday was lower than the P100 billion on the auction block […]
Developer turns over Cedar Town units
CITIGLOBAL REALTY and Development, Inc. began turning over the first batch of Cedar Tower’s condotel units to investors. Cedar Tower is one of the towers under the Tagaytay Clifton Resort Suites (TCRS) project. “The completion of TCRS is still underway and promises to provide deluxe amenities at an affordable price,” CitiGlobal said. The TCRS project […]
Corporate earnings seen to rise by 20-30% in 2021
CORPORATE earnings per share (EPS) may increase by 20-30% this year, as government restrictions are expected to be eased following COVID-19 inoculations. According to the 2021 outlook released by Philstocks Financial, Inc. titled Hope Amid the Pressing Times, the Philippine Stock Exchange index (PSEi) is expected to finish the year at 7,150 to 7,750 at […]
Geely Okavango charges into Year of the Ox with new variant
1 of 3 PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO Urban Plus trim gets more bells and whistles Pinoys asked for PERHAPS WELCOMING ever more prosperity and good fortune, Sojitz G Auto Philippines (SGAP) — the country’s exclusive distributor of Geely vehicles — recently unveiled an additional locally available […]
Living with luxury in uncertain times
1 of 4 CHARRIOL CEO CORALIE CHARRIOL Forever Starfish watch Marina Collection bracelet Coralie Charriol’s personalized Forever bangles IT’S HARD to think about luxury during these times — a point with which a purveyor of luxury jewelry surprisingly agrees. Asked what she has learned about luxury during lockdown, Coralie Charriol, said, “Nothing,” a point she […]
Cebu Pacific working with gov’t for vaccine delivery, Cebgo CEO says
CEBU PACIFIC said it is coordinating with the government to participate in the transport and delivery of the coronavirus vaccines. “Cebu Pacific is working with the government to make sure that both public and private sectors are coordinated in this national endeavor,” Cebgo President and Chief Executive Officer Alex B. Reyes said in a statement […]
Rates of T-bills to move sideways on RTB
THE RATES of Treasury bills (T-bills) to be auctioned off on Monday will likely move sideways due to the ongoing offering of three-year retail Treasury bonds (RTBs). The Bureau of the Treasury (BTr) is looking to borrow P20 billion via the T-bills on Monday: P5 billion each from the 91- and 182-day debt papers and […]
Mini opens pop-up store in Cebu
1 of 2 PHOTO FROM MINI AUTOSTUDIO CEBU PHOTO FROM MINI AUTOSTUDIO CEBU By Kap Maceda Aguila AFTER HAVING forged a partnership with a new dealer principal in Cebu, Mini Philippines is looking to gain a firm foothold in the Visayas-Mindano region. Its push will start with the establishment of a pop-up store, which opened […]