Meco: Brace for power outages in Mactan, higher electric bills

AN INCREASE in generation charge, as well as rotating brownouts, awaits consumers of power distributor Mactan Electric in March. The generation charge pertains to the charges for the production of electricity. Engineer Gilbert Pagobo, senior vice president and general manager of Mactan Electric Company Inc. (Meco), announced on Tuesday, Jan. 31, 2023, that from the […]

Bantayan growers raise egg prices

POULTRY owners in Bantayan Island have increased the prices of their eggs due to the increase in prices of feeds they purchased from Cebu City. Alan Pastoril, president of the Bantayan Island Layer and Hog Raiser Association Inc. (BILHRA), told SunStar Cebu Wednesday, Jan. 25, 2023, that this is the main reason they imposed another […]

Qs7: What happens after Cebu City Council’s approval of Mayor Mike Rama’s increase of real estate taxes. Business taxes spared for now but will come next. Kons Noel Wenceslao, budget and finance head, defends move anew, conceding it’s ‘unpopular but necessary.’

BEFORE the year ended on December 30, 2022, the Cebu City Sanggunian approved an increase of real estate taxes, which Mayor Michael Rama’s administration plans to fund much of its P50 billion budget for 2023. Councilor Mary Ann de los Santos had pleaded for people who own small parcels of land and are barely surviving […]

AGTech Announces Third Quarterly Results Ended September 30, 2022

EQS Newswire / 08/11/2022 / 20:00 UTC+8   AGTech Announces Third Quarterly Results Ended September 30, 2022   (Hong Kong, November 8, 2022) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its third quarterly results for the nine months ended September 30, 2022.   The indirect wholly-owned subsidiary of […]

House body swiftly OK’s Ombudsman budget 

CONGRESSMEN on Thursday swiftly approved the Office of the Ombudsman’s P4.78-billion budget for next year.  The House of Representatives committee on appropriations approved the 1.5% increase, citing the office’s fiscal autonomy under the Constitution.  Under the budget, P3.05 billion will go to personnel services, P1.43 billion to maintenance and other operating expenses and P230 million […]

ICTSI Subic deploys more equipment to boost productivity

LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Wednesday that its Subic Bay International Terminal Corp. (SBITC) is deploying more equipment to boost its landside operations. SBITC is now deploying additional rubber-tired gantries (RTGs) to improve its productivity, in line with the growth prospects of North and Central Luzon, ICTSI said in […]

AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year

EQS Newswire / 09/08/2022 / 10:00 UTC+8   AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year   (Hong Kong, August 8, 2022) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code:8279) today announced its interim results for the six months ended June […]