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Department of Transportation Secretary Jaime Bautista has designated lawyer Hector Villacorta, an assistant secretary of the agency, as officer-in-charge (OIC) of the Land Transportation Office on Wednesday.  Villacorta replaces Jay Art Tugade who resigned on May 22, citing “differing methods” with Bautista.  Tugade’s resignation takes effect June 1.  Villacorta is the department’s Assistant Secretary for Communications and Commuter Affairs, a …

The volume and value of local trade posted double-digit growth in the first quarter of the year, the Philippine Statistics Authority (PSA) reported. Data released late Monday showed that the value of domestic trade amounted to P199.72 billion, up by 46.7 percent from the P136.18 billion a year ago. By mode of transport, almost all of the commodities were traded …

Premier contractor D.M. Consunji Inc. (DMCI) is eyeing to participate in at least five more infrastructure projects under the “Build Better More” infrastructure program of the Marcos administration. “Our participation would depend on the amount and type of work involved. We want to focus on projects where our core competencies can bring the most value for our country,” DMCI president …

The Department of Finance (DOF) said the implementation of the Comprehensive Tax Reform Program (CTRP) generated P202.8 billion additional revenues in 2022. In a statement over the weekend, the DOF said the total collection last year was higher by 26.3 percent from P160.5 billion revenue in 2021. Finance Secretary Benjamin Diokno said the higher collections was due to the “full …

The positivity rate or the number of people testing positive for the coronavirus disease 2019 (Covid-19) in the National Capital Region (NCR) has decreased to 22 percent as of May 27. In a tweet on Monday, OCTA Research Group fellow Dr. Guido David said the figure was over a 3 percent decrease from the region’s positivity rate of 25.7 percent …

For some, dreaming is a mere act of visualizing one’s hopes in life. But for many young Filipinos who have lived in poverty, it’s more than a just vision.  For aspiring youth, daring to dream is a leap of faith. When they see a flicker of hope and open doors, they take action and courageously pursue opportunities that will allow …

East Zone Concessionaire Manila Water has started necessary preparations to ensure service continuity with the expected onslaught of Tropical Cyclone Mawar (local name: Betty) this weekend, as the said weather disturbance continues to move towards the Philippines and is projected to bring heavy rains and strong winds in Metro Manila and other parts of Luzon. Manila Water has prompted all …

Michael Ted R. Macapagal was appointed chairman of the Philippine National Railways by President Ferdinand “Bongbong” Marcos Jr. Macapagal took his oath of office before DOTr Secretary Jaime Bautista, under whose authority the PNR operates, on May 2. He will, along with PNR GM Jeremy Regino, implement the construction of the 147.26 km North-South Commuter Railway Project from Clark in …

Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking.  Ortiz formally took her oath as the 11th President and …

On Friday, 19 May 2023, the Philippines and the UK held their 4th round of bilateral Economic Dialogue chaired by Philippine Department of Trade and Industry Undersecretary Ceferino Rodolfo and His Majesty’s Ambassador to the Philippines Laure Beaufils.  The Philippines and the UK signed a Partnership Statement on Trade, Investment and Economic Cooperation, which include the following commitments:   Grow bilateral trade, including …