All gov’t agencies, offices directed to implement poverty reduction program
MALACAÑANG has directed all government offices and agencies to join in the implementation of the administration’s poverty reduction program.
DILG told to crack down on LGUs that allow building in hazard areas
THE Finance department has asked the Department of the Interior and Local Government (DILG) to crack down on towns and provinces that fail to keep residents from building homes in mining and quarrying areas.
Dutch shipbuilding firm eyes PHL investment
THE government said a Dutch shipbuilding company is taking an interest in investing in the Philippines, and among the options it is looking into is working with the Philippine Navy and taking over the facility of Hanjin Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Philippines) in Subic, Zambales.
NFA defends debt as part of food security mandate
THE National Food Authority (NFA) defended its total debt of P140.5 billion by end-2018 as the “cost of government’s commitment and policy to make rice available, affordable and accessible to the poor and marginalized sectors, and to stabilize palay and rice supply and prices at the farm and consumer levels.”
Aboitiz Equity Ventures books P22-B profit in 2018
ABOITIZ Equity Ventures, Inc. (AEV) saw its consolidated profit rise by three percent in 2018, as its weaker performance in the fourth quarter tempered its full-year results.
DMCI Holdings profit dips in 2018
DMCI Holdings, Inc.’s consolidated net income slid by two percent in 2018, weighed down by its coal mining unit’s prolonged plant shutdown despite the better performance of other business units.
Marubeni-Consunji tandem bags LRT-2 East E&M contract
THE consortium of Japanese firm Marubeni Corp. and engineering and construction firm D.M. Consunji, Inc. secured the $62-million (about P3.24-billion) contract for the Manila Light Rail Transit (LRT) Line 2 East Extension project.
GSIS recommends to Duterte P1,000 hike in month pensions
THE Government Service Insurance System (GSIS) has recommended a P1,000 increase in the monthly pensions paid to retirees, it announced Friday.
Peso drops to two-week low on weak global growth prospects
THE PESO slipped to two-week low versus the dollar on Friday, reeling from negative market sentiment following a dimmer global outlook from the European Central Bank (ECB).
PSEi drops amid fears of global economic slowdown
SHARES retreated on Friday, tracking the sell-off overseas on the back of fears of the global economic growth slowdown.
Less Filipinos jobless, seeking more work
LATEST data show a decline in the country’s unemployment rate and underemployment rates in January, the government’s statistical agency reported on Thursday.
Electricity bills higher this month — Meralco
DISTRIBUTION utility Manila Electric Co. (Meralco) announced on Thursday a slight increase in the overall electricity rates for March to P10.4961 per kilowatt-hour (/kWh), up by P0.0894/kWh from the P10.4067/kWh in February.