Nexum launches NEXM utility token specifically for the shipping and oil financing industry

Dubai, UAE, January 14, 2022 – (SEAPRWire) – Nexum Foundation has successfully launched its utility token NEXM in Decoin exchange on January 5, 2022. On the first day of trading, the token price reached USD 0.132, representing a 116% increase. This launch makes Nexum the first blockchain-based platform in maritime financing to publicly trade its cryptocurrency. Nexum is a […]

LTFRB 7: No calls for fare reduction despite higher passenger loads

DESPITE most traditional public utility jeepneys (TPUJ) and modern public utility vehicles now operating at maximum capacity, the Land Transportation Franchising and Regulatory Board (LTFRB) 7 has not received any petition to return to the regular fare for these modes of public transport in Central Visayas. LTFRB 7 Director Eduardo Montealto Jr. said there has […]

LANDBANK OKs P2.3B in loans for acquisition of 1,093 PUVs 

STATE-RUN Land Bank of the Philippines (LANDBANK) on Thursday said it approved P2.32 billion in loans as of August for the purchase of 1,093 modern public utility vehicles (PUV).  The bank said the financing is part of the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles).  “Another P4 billion is being processed […]

7 biz groups warn vs. keeping telecom sector as ‘public utility’

THE heads of business and trade groups are rejecting a recommendation to maintain the telecommunications industry as a public utility, warning it will deter foreign investments and widen the digital divide in the Philippines. The seven leaders objected to the recommendation—proposed by several senators during deliberations on Senate Bill (SB) 2094, or “An Act Amending […]

LTFRB: Enough PUVs for Cebu workers during MECQ

LAND Transportation Franchising and Regulatory Board (LTFRB) 7 Director Eduardo Montealto said the Capitol’s policy on mandatory wearing of wearable air purifiers among public utility vehicle (PUV) drivers and conductors in Cebu Province had “slightly” affected transport operations on Monday, Aug. 16, 2021. This, after some PUV drivers were not able to pick up passengers […]

Visayan Electric maintains ISO certifications for QMS and EHSMS

TRUE to its commitment to be a world class electric utility, Visayan Electric Co. Inc. successfully maintained its Integrated Management System (IMS) certifications for ISO 9001:2015 — Quality Management System (QMS), ISO 14001:2015 — Environmental Management (EM) and ISO 45001:2018 — Occupational Health and Safety Management (OHS). TÜV Rheinland Philippines, one of the leading certifying […]

Rise in Covid cases delays reopening of 20 more trad’l PUJ routes

A TOTAL of 426 traditional public utility jeepneys (TPUJs) are plying 17 routes covering nine barangays to complement the operation of modernized public utility vehicles (MPUVs) and buses in Cebu City. City Councilor James Cuenco, chairman of the City’s Jeepney Task Force which oversees the Balik Pasada Program, said his office has recommended to Mayor […]