[Flood In The City: First of Two Parts] FLOODING in Metro Cebu throughout the years has worsened and become more frequent, costing millions of pesos in damage to property, posing a threat to human lives and to business. In 2022 alone, Cebu City and the rest of Metro Cebu experienced severe rains in July, August […]
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Bangko Sentral capital buildup seen stalling if it funds Maharlika
THE central bank said its plan to build up capital to P200 billion could be delayed if legislation obliges it to supply seed capital to the proposed Maharlika Investment Fund (MIF). Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. told the Senate banking committee, which is evaluating a bill setting up the […]
Senate pledges adequate oversight as RCEP bill elevated to plenary
SENATORS sponsored out to the plenary the bill providing the chamber’s concurrence to the Regional Comprehensive Economic Partnership (RCEP), while pledging to exercise adequate oversight when the trade agreement is implemented. Senate President Pro Tempore Lorna Regina B. Legarda, who co-sponsored the legislation, said accession to RCEP comes with strengthened governance. “Attached to the resolution that […]
E-Governance bill hurdles House committee
A BILL seeking to digitalize the bureaucracy has been approved by the House committee on information and communications technology. On Wednesday the committee passed an unnumbered substitute bill seeking to effect a government transition to an electronic mode of delivering services and information. Rabindranath P. Quilala, director of the Anti-Red Tape Authority, said that the […]
Tulfo seeks review of minimum wage adjustment policies
SENATOR RAFAEL “Raffy” T. Tulfo has filed a resolution calling for a review of existing policies on adjusting minimum wage, citing the need to improve the quality of life of workers, especially those in the low income bracket. “It is the responsibility of the state to ensure that the minimum wage is set at a […]
SwarmFarm Robotics Raises $12M AUD Series A to Put Integrated Autonomy in the Hands of Growers
GINDIE, QUEENSLAND, AUSTRALIA, Feb 15, 2023 – (ACN Newswire via SEAPRWire.com) – SwarmFarm Robotics today announced it has raised a $12 million AUD Series A ($8.3 million USD) to develop and grow the Integrated Autonomy category in agriculture through the versatile SwarmBot platform and a breakthrough operating system network, SwarmConnect, that enables developers to create […]
Apple reports 2023Q1 results, Cook says supply problems resolved
HONG KONG, Feb 14, 2023 – (ACN Newswire via SEAPRWire.com) – Earlier this month, Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed Wall Street expectations driven by a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. The […]
Council won’t stop Mike’s bid to raise property taxes further
THE Sangguniang Panlungsod of Cebu City will not challenge and try to override Mayor Michael Rama’s veto on the revised real property tax (RPT) code ordinance it approved on Dec. 30, 2022. But a city councilor hopes that the new tax rates that will be reintroduced by the executive department will be “reasonable” and not […]
Apple reports 2023Q1 results, Cook says supply problems has resolved
HONG KONG, Feb 14, 2023 – (ACN Newswire via SEAPRWire.com) – Earlier this month, Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed Wall Street expectations driven by a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. The […]
Lack of awareness, energy costs continue to burden PHL recycling sector
High energy costs and low waste collection rates continue to burden the recycling sector in the Philippines, according to Bulacan’s Rural Industrial Corp. “The cost of electricity has increased by over 30%, while fuel costs have almost doubled since the pandemic and the ongoing war abroad,” said Max L. Sy, general manager of the paper […]
IEMOP backs review of secondary price cap amid high fuel prices
THE Independent Electricity Market Operator of the Philippines (IEMOP) said the Energy Regulatory Commission (ERC) needs to review the secondary price cap as market participants grapple with high fuel and power generation costs. “As the market operator we see the merit of the call to review the price cap especially now that fuel prices and […]
Onion farmers say millions worth of produce lost in cold storage
A FARMING cooperative from Bongabon, Nueva Ecija said it lost 128,000 bags of onions which were improperly stored, rendering the crop unsellable and possibly contributing to the onion shortage. Israel Reyugal, president of the Bonena Multi-Purpose Cooperative in Bongabon, told the House committee on agriculture and food that the onions, which he valued at P168 […]
Japan investment pledges expected to materialize within 2-3 years
MOST OF THE investment pledges extracted from Japan are expected to materialize within the next two or three years, the Department of Trade and Industry (DTI) said. Trade Assistant Secretary Glenn G. Peñaranda said in a televised briefing on Tuesday that 21 deals secured by the Philippines will materialize in the next three years, […]
House banking committee approves bill amending FIST law
A BILL proposing amendments to the Financial Institutions Strategic Transfer (FIST) Act of 2021 has cleared the House banking committee. The committee approved House Bill No. 6773, an amendment to Republic Act No. 11523, also known as the FIST Act. FIST authorizes the transfer of bad assets held by financial institutions to asset management companies, […]
Indonesian operator reinforces 5G transport network initiatives with time synchronization by NEC and ADVA
TOKYO, Feb 14, 2023 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) and ADVA will jointly deploy time synchronization solutions for Telkom Indonesia, the largest fixed network operator in Indonesia, to help the operator prepare its transport network to deliver time-sensitive 5G services across the country. New service monetization, such as the provision […]
Pimentel says charter change should focus on political dynasties, party-list
THE SENATE minority leader on Tuesday said initiatives to change the 1987 Constitution should focus on political provisions that will enhance the country’s system of governance. Senator Aquilino Martin “Koko” D. Pimentel III recommended amendments in the party-list system and introducing safeguards against political dynasties. He also proposed a shift in the country’s form of […]
Telecom firm wants access to country’s ID database
TO HELP validate the information provided by its subscribers, Globe Group president and chief executive officer Ernest Cu said they want access to the country’s ID database. “The best help the government could give is to provide us access to some of the relevant ID database the country has… We all know the proliferation of […]
KSTARDREAM launching, a K-POP platform where you can meet BTS and BLACKPINK
Seoul, Korea, February 14, 2023 – (SEAPRWire) – KSTARDREAM, a platform that allows you to check K-POP-related news the fastest and most accurately, was launched in February. KSTARDREAM is a multi-platform that allows you to quickly check K-POP-related news and use community activities, shopping, and live commerce with one ID. In addition, various K-pop singers’ goods can be […]
ERC’s help sought to stop Lapu power rate hike, as DPWH, NGCP trade blame
MACTAN Electric Company (Meco) consumers may not experience an increase in generation rates if the Energy Regulatory Commission (ERC) steps in to prevent this, following the incident that damaged the cable of the National Grid Corp. of the Philippines (NGCP). Engineer Gilbert Pagobo, Meco’s senior vice president and general manager, said he had sent a […]
Singapore’s top diplomat to PH willing to support Rama’s ‘Singapore-like’ vision for Cebu City
SINGAPORE’S top diplomat to the Philippines has expressed their willingness to support the Singapore-like goals of Mayor Michael Rama for Cebu City. Singapore Ambassador to the Philippines Gerard Ho Wei Hong, who paid a courtesy call on the mayor on Monday, Feb. 13, 2023 at the Cebu City Hall, told Rama that “whatever it is […]