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EBITDABy Diego C. Cagahastian In the corporate world, EBITDA is short for earnings before interest, taxes, depreciation, and amortization.  The number serves as a measure of the company’s operating performance by excluding financing costs, taxes, and certain non-cash expenses. Of what use is EBITDA?  This item is excluded from the generally accepted accounting principles (GAAP) and its main utility is …

Defense Secretary Gilberto Teodoro Jr. branded as “disinformation” and “outlandish narratives” claims by Chinese scholars that Batanes is part of China, warning that such assertions could signal Beijing’s broader strategic ambitions in the region. Speaking at the National West Philippine Sea Summit in Pasay City, which was held to mark the 10th anniversary of the landmark July 12, 2016 Arbitral …

The Senate formally convenes as an impeachment court today, marking the start of the historic impeachment trial of Vice President Sara Duterte over allegations that include betrayal of public trust, culpable violation of the Constitution, graft and corruption, and other high crimes. As the proceedings get underway, the House prosecution panel appealed to Filipinos to pray for truth, justice and …

The Office of the Ombudsman on Friday formally filed a non-bailable plunder case before the Sandiganbayan against Sen. Rodante Marcoleta over his alleged failure to disclose P75 million in campaign contributions he received during the 2025 midterm elections. The complaint, lodged at around 10:20 a.m., also named former lawmaker Mike Defensor and businessmen Aristotle Viray and Joseph Espiritu as co-respondents. …

The Philippines and Canada have signed their first federal-level bilateral labor and migration agreement, marking a major step toward strengthening protections for overseas Filipino workers (OFWs) through fair recruitment practices and closer government collaboration. The Joint Declaration of Intent (JDI) on Labor and Migration Cooperation was signed on Thursday in Vancouver by Migrant Workers Secretary Hans Leo Cacdac and Canadian …

State-run Government Service Insurance System (GSIS) has expanded its Balik Ginhawa (Loan Moratorium Through Refund) Program, allowing qualified members and pensioners to recover up to six months’ worth of eligible loan amortizations as part of the government’s continuing effort to ease their financial burden. The enhanced program, which took effect on July 1, enables qualified borrowers to apply for refunds …

A recent Pulse Asia survey found that an overwhelming majority of Filipinos support making rooftop solar more affordable, citing growing electricity demand and the need for cleaner, more secure energy sources. In a news release issued Thursday, Pulse Asia said 93 percent of respondents believe the government should make rooftop solar systems more affordable, reflecting strong public backing for policies …

The Department of Labor and Employment (DOLE) on Thursday said the newly approved ₱85 increase in the daily minimum wage in the National Capital Region (NCR) will not only raise workers’ take-home pay but also increase several wage-related benefits mandated by law. Labor Secretary Francis Tolentino said the wage adjustment, which takes effect in two tranches, will significantly improve the …

The Department of Energy (DOE) said the proposed Philippine Strategic Petroleum Reserve (PSPR) could transform the country into a regional oil storage hub while strengthening its energy security against global supply disruptions. During a Senate Committee on Energy hearing on Thursday, Energy Secretary Sharon Garin said the planned reserve would provide the Philippines with a reliable emergency fuel stockpile, improve …

Spokespersons for Leyte 1st District Rep. Ferdinand Martin Romualdez on Thursday rejected allegations linking the former House Speaker to alleged anomalous flood control projects, insisting that no evidence has ever connected him to any irregularity in the planning, funding or implementation of the infrastructure projects. In a statement, lawyer Elaine Atienza said neither Senate and House investigations nor official probes …