Prime Foods Acquires Filipino Instant Coffee Brand [Esquire, May 13, 2024]
Mega Prime Foods, a subsidiary of the company behind Mega Sardines, now owns Jimm's Coffee Mix.
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BCDA to start disposition of Market! Market! in 2025 [GMA News Online, May 13, 2024]
The Bases Conversion and Development Authority (BCDA) is planning to redevelop the Market!Market! area into a mixed-use property in the next two years with the disposition of the asset starting in 2025, as the agency seeks maximum gains.
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Philex to fast–track Silangan mine operations [The Philippine Star, May 12, 2024]
Pangilinan-led Philex Mining Corp is exploring all possible logistical options to fast-track the commercial operations of its Silangan gold and copper mine ahead of the fourth quarter 2025 target.
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Labrador, Pangasinan open to nuclear power plant; scientific study pushed [GMA News Online, May 12, 2024]
(We would need a huge body of water, there is also a beach that could help with the cooling system and a source for the nuclear reactor. We also have plenty of mountain area for a nuclear reactor.)
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DENR to shorten permit process for mining [The Philippine Star, May 12, 2024]
The Department of Environment and Natural Resources (DENR) plans to implement “parallel” processing of mining permits this year to shorten bureaucratic approval of prospective mining operations to as fast as one year.
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Mandarin Oriental To Make A Comeback in 2026 [Spot, May 12, 2024]
Being developed by AyalaLand, the hotel will make its comeback at the Ayala Triangle Gardens, a prime address at the Makati Central Business District. It will have 276 rooms and “an array of amenities, from top-tier dining options to its renowned spa experience.”
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Yuchengco unit reports breakthrough in first solar plant in Bohol [Cebu Daily News, May 12, 2024]
Rizal Green Energy Corp. (RGEC), a unit of Yuchengco-led PetroGreen Energy Corp. (PGEC), took another step in developing the P1.2-billion first solar power plant in Bohol province with the installation of photovoltaic (PV) panels.
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Goldilocks expanding footprint to nearly 1K stores [Inquirer Mobile, May 11, 2024]
Food retailer Goldilocks Bakeshop Inc., part of the portfolio of Sy family-led conglomerate SM Investments Corp., is nearing the 1,000-store mark this year, driven by the expansion of franchises.
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Gov’t ready to sell 50% SCTEx stake to MPTC for at least P20B [Philippine Daily Inquirer, May 11, 2024]
The Bases Conversion and Development Authority (BCDA) is willing to sell to the Metro Pacific group its 50-percent stake in the country’s longest highway, Subic-Clark-Tarlac Expressway (SCTEx), for more than P20 billion—an amount that will enable the government agency to extinguish debts while registering a windfall.
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Angeles City's Top 30 taxpayers awarded [SunStar, May 11, 2024]
The city government, under the leadership of Mayor Carmelo "Pogi'" Lazatin Jr., recognized the Top 30 taxpayers from 2020 to 2023.
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Labor groups slam Laguesma for opposing wage hike proposals [Philippine Daily Inquirer, May 11, 2024]
Department of Labor and Employment (Dole) Secretary Bienvenido Laguesma continues to draw flak from labor groups after repeating his claim that legislated wage hike bills pending in Congress, if approved, could displace workers, lead to further inflation and result in a decline of gross domestic product (GDP) growth.
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Monde income grows 53% despite bleeding fake meat biz [Inquirer Mobile, May 10, 2024]
As its alternative meat business continued to post losses, the company behind Lucky Me! instant noodles booked core earnings of P2.9 billion in the first quarter—a 53.4-percent surge—with help from the robust performance of its food and beverage unit.
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Sofitel Philippine Plaza to close by July [ABS-CBN News, May 10, 2024]
A report from BusinessMirror noted that the hotel owner, Philippine Plaza Holdings Inc., is requesting the Government Service Insurance System (GSIS) for an extension on its lease contract for another 25 years. This means the lease contract will end in 2066, instead of its current 2041 date.
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Bonito fish imports allowed if meant for canning [Inquirer Mobile, May 10, 2024]
The Department of Agriculture (DA) is now allowing institutional buyers to import bonito (tulingan) as long as the commodity will be used solely for producing canned goods.
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DOF implements flexitime, work-from-home arrangements [GMA News Online, May 9, 2024]
The Department of Finance (DOF) is now implementing flexible work arrangements in efforts to alleviate traffic congestion and reduce electricity and fuel consumption.
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Coins.ph secures BSP okay to buy, sell PH’s first stable coin [Philippine Daily Inquirer, May 9, 2024]
Stable coins are cryptocurrencies whose value is tied to another currency, commodity, or financial instrument.
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Bank merger fueled threefold gain in JG Summit’s 1st quarter bottom line [Inquirer Mobile, May 9, 2024]
Gokongwei-led JG Summit Holdings Inc. more than tripled its first-quarter income to P12.6 billion as businesses recorded strong results, alongside one-time gain from the merger of its banking unit with Bank of the Philippine Islands (BPI).
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PPA to open Siargao and Coron cruise terminals [The Manila Times, May 8, 2024]
PPA general manager Jay Santiago said that alongside the expected 300,000 tourist arrivals from cruise ships this year, the PPA is set to open dedicated cruise terminals as part of a broader initiative to cater to the growing demand for cruise tourism in the country.
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Mandaluyong City adjusts LGU office hours [Inquire.Net, May 8, 2024]
The order came after a resolution of the Metro Manila Council that directed LGUs in the capital region to modify their office hours in a bid to alleviate traffic congestion.
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Bell-Kenz Pharma Inc. to file cyberlibel vs. individuals spreading 'malicious accusations' [GMA News Online, May 8, 2024]
Senator Jinggoy Estrada previously alleged that Bell-Kenz recruited doctors by enticing them with “promises of exorbitant commissions and lavish incentives” in exchange for prescribing the brand.
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GoTyme goes deeper into salary lending, acquires SAVii [Philippine Daily Inquirer, May 8, 2024]
Gokongwei-backed GoTyme Bank has expanded its payroll-enabled financial products after acquiring salary lender SAVii, a move seen to help employees of the country’s top companies easily access their pay.
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Singapore is world’s 4th wealthiest city, overtaking London — report [Inquirer.Net, May 8, 2024]
The Republic – which is widely regarded as the most business-friendly city globally – is now home to 244,800 resident millionaires or individuals with a liquid investable wealth of US$1 million (S$1.35 million) or more, 336 centi-millionaires with investable wealth of US$100 million or more, and 30 billionaires with investable wealth of US$1 billion or more.
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Tariff Commission backs grant of tax breaks to e-motorcycles [The Manila Times, May 8, 2024]
The Tariff Commission (TC) has recommended to the National Economic and Development Authority (NEDA) the inclusion of e-motorcycles in its list of electric vehicles (EVs) eligible for import tax breaks.
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DOLE junks case vs Negros power cooperative [The Philippine Star, May 7, 2024]
The charges stemmed from a joint venture agreement (JVA) entered into by the Central Negros Electric Cooperative (Ceneco) with a private company.
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Mega Prime Foods, a subsidiary of the company behind Mega Sardines, now owns Jimm's Coffee Mix.
You do not have permission to view the full content of this post. Log in or register now..
BCDA to start disposition of Market! Market! in 2025 [GMA News Online, May 13, 2024]
The Bases Conversion and Development Authority (BCDA) is planning to redevelop the Market!Market! area into a mixed-use property in the next two years with the disposition of the asset starting in 2025, as the agency seeks maximum gains.
You do not have permission to view the full content of this post. Log in or register now.
Philex to fast–track Silangan mine operations [The Philippine Star, May 12, 2024]
Pangilinan-led Philex Mining Corp is exploring all possible logistical options to fast-track the commercial operations of its Silangan gold and copper mine ahead of the fourth quarter 2025 target.
You do not have permission to view the full content of this post. Log in or register now.
Labrador, Pangasinan open to nuclear power plant; scientific study pushed [GMA News Online, May 12, 2024]
(We would need a huge body of water, there is also a beach that could help with the cooling system and a source for the nuclear reactor. We also have plenty of mountain area for a nuclear reactor.)
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DENR to shorten permit process for mining [The Philippine Star, May 12, 2024]
The Department of Environment and Natural Resources (DENR) plans to implement “parallel” processing of mining permits this year to shorten bureaucratic approval of prospective mining operations to as fast as one year.
You do not have permission to view the full content of this post. Log in or register now.
Mandarin Oriental To Make A Comeback in 2026 [Spot, May 12, 2024]
Being developed by AyalaLand, the hotel will make its comeback at the Ayala Triangle Gardens, a prime address at the Makati Central Business District. It will have 276 rooms and “an array of amenities, from top-tier dining options to its renowned spa experience.”
You do not have permission to view the full content of this post. Log in or register now.
Yuchengco unit reports breakthrough in first solar plant in Bohol [Cebu Daily News, May 12, 2024]
Rizal Green Energy Corp. (RGEC), a unit of Yuchengco-led PetroGreen Energy Corp. (PGEC), took another step in developing the P1.2-billion first solar power plant in Bohol province with the installation of photovoltaic (PV) panels.
You do not have permission to view the full content of this post. Log in or register now.
Goldilocks expanding footprint to nearly 1K stores [Inquirer Mobile, May 11, 2024]
Food retailer Goldilocks Bakeshop Inc., part of the portfolio of Sy family-led conglomerate SM Investments Corp., is nearing the 1,000-store mark this year, driven by the expansion of franchises.
You do not have permission to view the full content of this post. Log in or register now.
Gov’t ready to sell 50% SCTEx stake to MPTC for at least P20B [Philippine Daily Inquirer, May 11, 2024]
The Bases Conversion and Development Authority (BCDA) is willing to sell to the Metro Pacific group its 50-percent stake in the country’s longest highway, Subic-Clark-Tarlac Expressway (SCTEx), for more than P20 billion—an amount that will enable the government agency to extinguish debts while registering a windfall.
You do not have permission to view the full content of this post. Log in or register now.
Angeles City's Top 30 taxpayers awarded [SunStar, May 11, 2024]
The city government, under the leadership of Mayor Carmelo "Pogi'" Lazatin Jr., recognized the Top 30 taxpayers from 2020 to 2023.
You do not have permission to view the full content of this post. Log in or register now.
Labor groups slam Laguesma for opposing wage hike proposals [Philippine Daily Inquirer, May 11, 2024]
Department of Labor and Employment (Dole) Secretary Bienvenido Laguesma continues to draw flak from labor groups after repeating his claim that legislated wage hike bills pending in Congress, if approved, could displace workers, lead to further inflation and result in a decline of gross domestic product (GDP) growth.
You do not have permission to view the full content of this post. Log in or register now.
Monde income grows 53% despite bleeding fake meat biz [Inquirer Mobile, May 10, 2024]
As its alternative meat business continued to post losses, the company behind Lucky Me! instant noodles booked core earnings of P2.9 billion in the first quarter—a 53.4-percent surge—with help from the robust performance of its food and beverage unit.
You do not have permission to view the full content of this post. Log in or register now.
Sofitel Philippine Plaza to close by July [ABS-CBN News, May 10, 2024]
A report from BusinessMirror noted that the hotel owner, Philippine Plaza Holdings Inc., is requesting the Government Service Insurance System (GSIS) for an extension on its lease contract for another 25 years. This means the lease contract will end in 2066, instead of its current 2041 date.
You do not have permission to view the full content of this post. Log in or register now.
Bonito fish imports allowed if meant for canning [Inquirer Mobile, May 10, 2024]
The Department of Agriculture (DA) is now allowing institutional buyers to import bonito (tulingan) as long as the commodity will be used solely for producing canned goods.
You do not have permission to view the full content of this post. Log in or register now.
DOF implements flexitime, work-from-home arrangements [GMA News Online, May 9, 2024]
The Department of Finance (DOF) is now implementing flexible work arrangements in efforts to alleviate traffic congestion and reduce electricity and fuel consumption.
You do not have permission to view the full content of this post. Log in or register now.
Coins.ph secures BSP okay to buy, sell PH’s first stable coin [Philippine Daily Inquirer, May 9, 2024]
Stable coins are cryptocurrencies whose value is tied to another currency, commodity, or financial instrument.
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Bank merger fueled threefold gain in JG Summit’s 1st quarter bottom line [Inquirer Mobile, May 9, 2024]
Gokongwei-led JG Summit Holdings Inc. more than tripled its first-quarter income to P12.6 billion as businesses recorded strong results, alongside one-time gain from the merger of its banking unit with Bank of the Philippine Islands (BPI).
You do not have permission to view the full content of this post. Log in or register now.
PPA to open Siargao and Coron cruise terminals [The Manila Times, May 8, 2024]
PPA general manager Jay Santiago said that alongside the expected 300,000 tourist arrivals from cruise ships this year, the PPA is set to open dedicated cruise terminals as part of a broader initiative to cater to the growing demand for cruise tourism in the country.
You do not have permission to view the full content of this post. Log in or register now.
Mandaluyong City adjusts LGU office hours [Inquire.Net, May 8, 2024]
The order came after a resolution of the Metro Manila Council that directed LGUs in the capital region to modify their office hours in a bid to alleviate traffic congestion.
You do not have permission to view the full content of this post. Log in or register now.
Bell-Kenz Pharma Inc. to file cyberlibel vs. individuals spreading 'malicious accusations' [GMA News Online, May 8, 2024]
Senator Jinggoy Estrada previously alleged that Bell-Kenz recruited doctors by enticing them with “promises of exorbitant commissions and lavish incentives” in exchange for prescribing the brand.
You do not have permission to view the full content of this post. Log in or register now.
GoTyme goes deeper into salary lending, acquires SAVii [Philippine Daily Inquirer, May 8, 2024]
Gokongwei-backed GoTyme Bank has expanded its payroll-enabled financial products after acquiring salary lender SAVii, a move seen to help employees of the country’s top companies easily access their pay.
You do not have permission to view the full content of this post. Log in or register now.
Singapore is world’s 4th wealthiest city, overtaking London — report [Inquirer.Net, May 8, 2024]
The Republic – which is widely regarded as the most business-friendly city globally – is now home to 244,800 resident millionaires or individuals with a liquid investable wealth of US$1 million (S$1.35 million) or more, 336 centi-millionaires with investable wealth of US$100 million or more, and 30 billionaires with investable wealth of US$1 billion or more.
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Tariff Commission backs grant of tax breaks to e-motorcycles [The Manila Times, May 8, 2024]
The Tariff Commission (TC) has recommended to the National Economic and Development Authority (NEDA) the inclusion of e-motorcycles in its list of electric vehicles (EVs) eligible for import tax breaks.
You do not have permission to view the full content of this post. Log in or register now.
DOLE junks case vs Negros power cooperative [The Philippine Star, May 7, 2024]
The charges stemmed from a joint venture agreement (JVA) entered into by the Central Negros Electric Cooperative (Ceneco) with a private company.
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