GOVERNMENT corporations took in less budgetary support in October compared to a year earlier, with the biggest allocations granted to the National Irrigation Administration (NIA), the National Housing Authority (NHA), and the Philippine Fisheries Development Authority (PFDA), according to the Bureau of the Treasury (BTr). Preliminary data from the BTr indicate that subsidies to government-owned […]
Tag: philippine
Go For Gold-Air Force rallies to beat VNS Manileño in five sets
By John Bryan Ulanday GAMES TODAY (Aquamarine Recreational Center Gym, Lipa, Batangas) 10 a.m. – Team Dasma Monarchs vs. MRT-Negros 1:30 p.m. – Basilan Steel Spikers vs. Go For Gold-Air Force 4 p.m. – Global Remit vs. Sabong International Spikers LIPA CITY — Go For Gold-Air Force dodged an upset ax with a feisty 23-25, […]
Executives bullish on Philippine REIT market
By Keren Concepcion G. Valmonte, Reporter It is an “exciting time” for the Philippine real estate investment trust (REIT) market, with the pipeline of initial public offerings (IPO) expected to heat up in the near future, according to top company executives. At a forum hosted by the Securities and Exchange Commission (SEC) on Friday, REIT executives said the Philippines has the potential to have one of […]
BI nabs Lebanese in Lapu-Lapu
THE Bureau of Immigration (BI) has arrested a Lebanese man in Lapu-Lapu City, Cebu who now faces deportation. The bureau announced Monday, Nov. 22, 2021 that intelligence operatives from Central Visayas had arrested Lebanese Rabih El Acha Hassouneh, 43, in a restaurant in Basak, Lapu-Lapu City. A mission order had been issued against him by […]
POC regrets Obiena-Patafa mess, orders investigation
THE Philippine Olympic Committee (POC) expressed its profound regret over the handling of the row between Olympian Ernest John “EJ” Obiena and the Philippine Athletics Track and Field Association (Patafa) and vowed to conduct an investigation on the issue that has put the esteemed Filipino pole vaulter’s reputation in bad light. “We are in deepest […]
Limpag: PHL tennis and Philta
One conversation that often crops up in the basketball-mad Philippines has always been, “next to basketball, what’s the second most-popular sport in the country?” I’ve also heard variations of that conversation, in promises by sports officials, “In my term, we will make _____ the second most popular sport in the country.” Over the years, the […]
PH Women’s squad gets Aussie Stajcic as new mentor
THE Philippine Women’s National Team gets a huge shakeup ahead of next year’s AFC Women’s Asian Cup India 2022 with a new coach to lead the squad. The Philippine Football Federation (PFF) relieved head coach Marlon Maro of his duties and tapped the services of decorated Aussie coach Alen Stajcic as the mentor of the […]
Editorial: Mere tip of the iceberg
WHEN a person suspected of trading narcotics is killed in a police operation, the team leader or the unit chief often holds a presser. The official’s answers to reporters’ questions about the nature surrounding the suspect’s death usually go like this: (a) The suspect tried to pull out his gun, so we have to shoot […]
GOCC dividends top P53B at end-Sept.
DIVIDENDS REMITTED by government-owned and -controlled corporations (GOCCs) to the National Government hit P53.1 billion at the end of September, the Department of Finance said. The Bangko Sentral ng Pilipinas had remitted P15.9 billion in the nine months to September, followed by the National Transmission Corp. with P8.32 billion. Finance Assistant Secretary Soledad Emilia F. […]
GOCC subsidies climb in August
SUBSIDIES extended to government-owned firms rose 747% year on year to P42.35 billion in August, led by the increased budgetary support provided to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury (BTr) reported. The BTr said government-owned and -controlled corporations (GOCCs) subsidies were also much higher compared with the P6.08 billion recorded […]
Exporters call for changes to PHL shipping rules
Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade. Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the United States amid a global container shortage that has led exporters to flag logistics delays and higher freight […]
Philippine factory output continues rebound in July (2021)
THE COUNTRY’S factory output expanded for the fourth straight month in July, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
Philippine trade year-on-year performance (July 2021)
THE COUNTRY’S trade-in-goods deficit widened in July as merchandise import growth outpaced the increase in exports, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
Philippine Airlines files bankruptcy as travel fallout rises
Philippine Airlines Inc. filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the pandemic devastated global travel. The company aims to cut $2 billion in borrowings through a proposed restructuring plan, which needs court approval and will allow the carrier to reduce its fleet […]
Exporters told to make allowances for China port delays
THE PHILIPPINE Ports Authority (PPA) is asking exporters and importers to make the necessary adjustments for delays caused by port closures in China. Ningbo port, one of the largest in the world, is partially closed after a coronavirus disease 2019 (COVID-19) case was detected there, worsening congestion in several Chinese ports as ships divert from […]
The business of banking
NOW that the National Capital Region and several provinces are once again placed under the enhanced community quarantine (ECQ) protocol in the next two weeks, everyone has more free time to indulge in leisurely activities while staying at home. Here are two newly released volumes that are recommended as reading fare during the ECQ. The […]
GOCC subsidies down by 80.1%
BUDGET SUPPORT extended to state-owned firms declined by 80.1% year on year to P8.34 billion in June, after government significantly lowered subsidies to major non-financial government corporations and supplied no funds to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury reported. Preliminary data from the Treasury also indicated that subsidies dropped 81.33% […]
PSEi ends lower on lockdown fears, Fitch move
STOCKS declined on Wednesday as investors remained worried about the Delta variant of the coronavirus disease 2019 (COVID-19) and after Fitch Ratings revised its outlook on six Philippine banks to “negative.” The Philippine Stock Exchange index (PSEi) declined by 110.99 points or 1.68% to close at 6,476.21 on Wednesday, while the broader all shares index […]
Philippine Heart Center installs new imaging system
THE PHILIPPINE Heart Center (PHC) recently installed the Philips Azurion with FlexArm, a ceiling-mounted system that provides medical teams with expanded imaging flexibility. “The system enables us to dramatically optimize procedures around the patient, where we can now capture optimal views of the patient, without encumbering all the clinicians who are working around the table,” […]
DTI set to standardize recipes for adobo, sinigang and other Pinoy dishes
The Department of Trade and Industry (DTI) is developing national standards for Filipino dishes like adobo to establish a “common ground” among businesses. A committee under the department has been tasked with developing Philippine National Standards (PNS) for popular dishes such as adobo, sinigang, lechon, and sisig, while considering the variation of cooking techniques across the country, the DTI said in a statement on Friday. The […]