Business

By Tracy Cabrera  June 1 marks the 52nd founding anniversary of the Maritime Industry Authority of the Philippines (MARINA) with the theme ‘Sailing Better, Sailing Safer’.  In her anniversary message, Administrator Sonia Malaluan highlighted MARINA’S long-standing commitment to upgrade the local maritime industry while giving recognition to the agency’s partners who supported its programs of development throughout its five decades …

By Tracy Cabrera  The Maritime Industry Authority (MARINA) is stepping up efforts to promote greater participation of women in the maritime sector, emphasizing that inclusivity is key to building a stronger and more competitive industry. MARINA Administrator Sonia Malaluan said the continued expansion of global maritime trade is opening up more opportunities not only at sea but also in related …

By Heidi Nicodemus  Amid prevailing inflation and rising prices of commodities, the government is actively formulating ways and means to assuage the impact that has struck the citizenry, now overburdened with the spread of social challenges that include mobility and its costs.  With this in mind, the Maritime Industry Authority (MARINA) has rolled out the Lakbay Alalay ng Gobyerno (LAYAG) …

By Heidi Nicodemus Following a ruling by the International Court of Justice (ICJ) in The Hague on the issue of the right to strike, the Maritime Industry Authority (MARINA) welcomed the landmark decision as embodying the  fundamental component of freedom of association as this right is protected under international law.  MARINA Administrator Sonia Malaluan expressed optimism in the proper implementation …

While admitting that the Bangko Sentral ng Pilipinas (BSP) may already be “behind the curve,” Governor Eli Remolona Jr. and the Monetary Board, these overpaid officials who control our monetary system, are thinking of acting now or waiting until their next regular meeting. They are still considering an off-cycle hike in interest rate, Remolona said. Meanwhile, the Filipinos are reeling …

The Marcos administration has no plans to suspend the collection of the feed-in tariff allowance (FIT-All), a charge imposed on consumers to support renewable energy (RE) projects. The policy was affirmed despite the rising cost of electricity, and the ongoing oil shock that started with the West Asia war in Iran that was started by the United States and Israel. …

Soon, there will be a 10-year cumulative term limit for broker-directors of bourses. This, as the Securities and Exchange Commission (SEC) finally rolled out this term limit policy, despite the opposition from leaders of the Philippine Stock Exchange (PSE). “By setting reasonable term limits for broker directors, the SEC seeks to strengthen market governance, mitigate potential conflicts of interest, level …

THE Asian Infrastructure Investment Bank (AIIB) will lend USD300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines. The Asian Infrastructure Investment Bank (AIIB) has signed a USD300 million senior unsecured corporate loan with International Container Terminal Services Inc. (ICTSI) to fund the expansion and upgrade of three …

THE Department of Transportation (DOTr) and the Light Rail Transit Authority (LRTA) signed a credit line agreement with the Land Bank of the Philippines (LANDBANK) last May 14  to settle P3.6 billion in contractual obligations to Light Rail Manila Corporation (LRMC), the private operator of LRT-1. This initiative follows a directive from President Ferdinand Marcos Jr. for the DOTr to …

THE Government Service Insurance System (GSIS) recorded an impressive 170 percent increase in net income for the first quarter of 2026, reaching P43.6 billion compared to P16.1 billion in the same period last year. Total income for the quarter surged by 43.83 percent to P95.8 billion, driven primarily by P56.6 billion in insurance revenue from growing member contributions and a …