Duterte inaugurates Sariaya bypass road

PRESIDENT RODRIGO R. Duterte led the inauguration Thursday of the 7.42-kilometer Sariaya Bypass Road in Lucena City.

PSALM fined after Malaya plant exceeds outage limit

THE ENERGY Regulatory Commission (ERC) has ordered the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay a fine of P980,000 after a unit of the Malaya Thermal Power Plant (MTPP) exceeded its allowable limit for outages.

DoJ on drug findings: Ball is in Duterte’s court

PRESIDENT Rodrigo R. Duterte would have to decide whether to publish the results of a Justice department investigation of at least 300 more drug-related deaths, the agency said on Thursday.

Australia increases coronavirus vaccine aid by A$11.5 million

AUSTRALIA has increased its vaccine aid to the Philippines by A$11.5 million (P437.6 million), raising its total commitment to A$47.49 million, its ambassador to Manila said on Thursday.

Maring farm losses rise further to P2.26B   

AGRICULTURAL losses brought by the onslaught of severe tropical storm Maring (international name: Kompasu) increased to P2.26 billion compared to the P2.17 billion previously estimated, the Agriculture department said.  

Philippine stocks extend rally on recovery hopes

SHARES extended their climb on Wednesday on hopes of global economic recovery and as the country’s pandemic situation continued to improve, as well as anticipation for the release of third-quarter corporate earnings.

Peso weakens on hawkish comments from Fed official  

THE PESO weakened versus the greenback on Wednesday following signals from the US Federal Reserve of the possibility of earlier rate hikes. 

Bill preserving worker benefits during mergers hurdles panel

A HOUSE COMMITTEE approved Wednesday a bill preserving worker benefits and seniority in the event their employers merge.  

Over 1,000 availed themselves of mobile number portability — TCI

A JOINT VENTURE operated by the main mobile service providers said over 1,000 subscribers have switched networks since the commercial launch at the end of September of Mobile Number Portability (MNP).  

Grid operator briefly raises yellow alert warning over Luzon

THE GRID operator issued a yellow alert warning lasting a few hours over the Luzon power grid Wednesday afternoon, after five power plants with a total capacity of 1,230 megawatts (MW) went on forced outage.