The Philippine Ports Authority (PPA) reported a record-breaking revenue of PHP27.3 billion in 2024, exceeding its target by over PHP1 billion. In a statement on Friday, PPA General Manager Jay Santiago highlighted that this is the highest annual revenue since the agency was established in 1974, marking a 7.29 percent increase from P25.45 billion in 2023. Santiago credited the achievement …
Read More »
The Government Service Insurance System (GSIS) has helped over 5,000 beneficiaries move closer to owning their own homes through its Pabahay sa Bagong Bayaning Manggagawa (PBBM) initiative. This achievement is supported by two key programs: the Lease with Option to Buy (LWOB) and the Housing Accounts Restructuring and Condonation Program (HARCP), which align with the Marcos administration’s Pambansang Pabahay Para …
Read More »
Two South African nationals were arrested for attempting to smuggle approximately P97.8 million worth of shabu into the country at Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City early Friday morning. The Philippine Drug Enforcement Agency (PDEA) reported that the suspects were apprehended by the NAIA Inter-Agency Drug Interdiction Task Group around 1 a.m. at the international arrivals …
Read More »
President Ferdinand R. Marcos Jr. recently highlighted the urgent need for a declaration of a food security emergency to address the ongoing crisis in the Philippine rice market. With retail prices of rice continuing to soar, despite global rice costs declining and tariff reductions already in place, the market is simply not functioning as it should. President Marcos candidly stated …
Read More »
The increase in the speed limit on the NAIA Expressway (NAIAx) to 80 kilometers per hour from the previous 60 is now in effect following a comprehensive study conducted by the SMC Infrastructure traffic safety managers. The speed limit adjustments is also implemented on straight sections of Skyway Stage 3 while the 60-kph speed limit will continue to be enforced …
Read More »
By: Eunice Jean C. Patron Dr. John Dale Dianala from the University of the Philippines – Diliman College of Science’s National Institute of Geological Sciences (UPD-CS NIGS) presented his research on the earthquake potential of faults using satellites at the recently concluded Global Young Scientists Summit (GYSS) 2025. Organized by the National Research Foundation (NRF) Singapore, GYSS brings together Nobel …
Read More »
By Rose de la Cruz Political spending for the 2025 May midterm elections and fueled by their investments in digital assets would lead to an expected rebound for media companies. Globalinks Securities and Stocks Inc. sales Toby Allan C. Arce told Business World that “the continued growth in online platforms and content consumption allows media companies to reach younger, tech-savvy audiences …
Read More »
The Marcos administration’s comprehensive efforts to bolster the Philippine labor market yielded positive results, as unemployment and underemployment rates dropped in November 2024. Data from the National Economic and Development Authority (NEDA) highlighted the resilience of the labor market, as evidenced by improved employment figures. NEDA Secretary Arsenio M. Balisacan emphasized the strength of the labor market, noting its high …
Read More »
The Food and Drug Administration (FDA) has issued warnings to consumers about unauthorized skin-lightening products found to contain mercury, a toxic chemical that poses severe health risks. In a statement on Wednesday, the environmental advocacy group EcoWaste Coalition lauded the FDA for its prompt response following the group’s report on cosmetics with mercury levels far exceeding the allowable trace limit. …
Read More »
The Philippine Navy (PN) has significantly enhanced the operational readiness of its warships and marine units, bolstering its capability to conduct operations within the country’s exclusive economic zone (EEZ). PN spokesperson Commander John Percie Alcos emphasized in an interview on Friday that this improvement is essential for the Navy to fulfill its mandate under the Comprehensive Archipelagic Defense Concept (CADC). …
Read More »
The Market Monitor Minding the Nation's Business