San Miguel fast-tracks SLEX extension to Lucena
In a statement, San Miguel said the 66.74-kilometer road project would boost the Southern Tagalog region, and contribute to the country’s pandemic recovery efforts.
No shortage in meat products, canned goods— San Miguel
San Miguel Foods, San Miguel Corp.’s (SMC) food unit, said its meat products and canned goods would remain available in supermarkets and other retail outlets amid the concerns raised about import restrictions and a surge in meat material prices.
Bank deposits near P15 trillion as Filipinos save more during pandemic
Deposits in the Philippine banking system reached P14.9 trillion last year, a 9 percent growth from P13.6 trillion in 2019, as Filipinos started saving more amid the pandemic. Data from the Philippine Deposit Insurance Corp. (PDIC), the state-run deposit insurer,...
DOE wants gov’t to build new power plant
Despite adequate power supply, Energy Secretary Alfonso Cusi wants the government to again join the power generation business by building a reserve power plant.Cusi warned that if problems in active power plants occurred, supply would not be enough to back up demand...
Study: Half of firms want workforce restructuring, only 10% will reward new skills
About half or 47 percent of Filipino companies have prioritized workforce restructuring amid the pandemic, a study has found.In its “Global Talent Trends” 2020-2021 report, professional services firm Mercer found that about a third of companies were also prioritizing...
‘Nag-antay na po tayo’: Lopez says it’s time to reopen economy
Lopez stressed that reopening the economy would not require relaxing health protocols.
Duterte signs Fist bill into law to aid banks amid pandemic
The Fist Act, or Republic Act (RA) 11523, will address the financial sector’s non-performing asset problems, Malacañang said Wednesday.
Higher world prices drive nickel export earnings despite production slowdown in 2020
Despite a slowdown in production due to the pandemic, the Philippine Nickel Industry Association (PNIA) reported an increase in export value in 2020.Citing data from the Mines and Geosciences Bureau (MGB), it said the Philippine nickel sector produced a total of 18.5...
Philippine vaccination rollout, ‘crucial’ to economy reboot-Cebu Chamber
The Cebu Chamber of Commerce and Industry (CCCI) is hopeful the government's vaccination program will help the recovery of the economy.Felix Taguiam, CCCI president, said the chamber was supportive of the vaccination rollout and described it as "crucial" to the...
Lalamove to end food delivery service on Feb. 15
LalaFood said in a statement on Monday that the company will continue to expand its delivery services, some plans are now ongoing in Manila and Pampanga by February 2021.
Wrong to profit from people’s hunger – Pangilinan
Opposition Senator Francis Pangilinan urged the government to act as one and implement the law that protects consumers, especially during emergency situations like the pandemic."Mali ang pagkakitaan ang gutom at pagdurusa ng taumbayan. Kailangang siguruhin ng...
Duterte appoints Ramon Jacinto as adviser for telecommunications
“PA Jacinto has served the Duterte Administration in various capacities… We are therefore confident that PA Jacinto would ably and effectively discharge his duties in this new assignment,” Roque said.
Palace: No notable improvement in telcos’ services since expropriation threat
“So sa tingin ko po wala pa ring malaking improvement—para nga pong wala pang improvement,” Roque said.
As tax base shrinks during pandemic, proposed law seeks to cut revenue sources
The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most.
Grab PH announces new country head
The Philippine office of ride-hailing app, Grab, announced the appointment of its new country head.
Privacy Commission to go after businesses using contact tracing info for marketing gimmicks
The National Privacy Commission (NPC) warned business establishments using for marketing purposes data collected from their customers’ contact tracing forms that they could face hefty fines and jail time if they don’t cease from the illegal practice.