By Rose de la Cruz Queen Maxima of the Netherlands visited Bangko Sentral ng Pilipinas Gov. Eli Remolona Jr. in her capacity as UN Secretary General’s Special Advocate for Inclusive Finance for Development, who arrived in the country Monday (May 20). During her three-day visit, Queen Maxima will promote financial inclusion and financial health. Her visit will focus on advancing key …
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Shell Pilipinas Corporation (SPC) closed 2023 with a net income of P1.2 billion, demonstrating resilience amidst a challenging year. The marketing business achieved a remarkable turnaround during the said year, with delivery surging by over 60% compared to 2022. The Mobility business mirrored the country’s economic activity, achieving a 4% volume increase while maintaining strong premium product penetration. Shell Pilipinas …
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By Rose de la Cruz The transfer of the Philippine Crop Insurance Corp.– that caters to farmers’ claims for damaged standing crops and harvested crops destroyed by typhoons and floods– to the Department of Agriculture is not just a wise move but it makes the corporation more sensitive to the needs of farmers, fisherfolk and other agricultural stakeholders (not farm-credit …
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By Rose de la Cruz The current lack of information on how to practice safe sex to avoid sexually transmitted diseases like HIV-AIDS plus the lack of treatment facilities to cater to the growing number of afflicted persons have given rise to the continued surge in the disease, which the Department of Health expect to double by 2030 from 215,400 …
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By Rose de la Cruz The Philippine Statistics Authority said foreign investment pledges to the country’s Investment Promotion Agencies, except those by Filipino nationals, contracted in the first quarter of 2024 by 63.6 percent to P148.43 billion, a steep decline from the P408.22 billion approved in the same quarter 2023. The highest investment commitment approved came from Singapore at P70.06 …
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By Rose de la Cruz Since there is nothing that can be done about the extreme heat and other climatic aberrations in the coming years, the government must come up with climate-adaptive school buildings and other public buildings to ensure that schooling of the youth and livelihood of civil servants will not be sacrificed everytime abnormal climate conditions occur in …
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By Rose de la Cruz The 2024 TransUnion report on the State of Ominichannel Fraud Report said that 13.3 percent of account logins for digital transactions in the Philippines were suspected as Digital Fraud in 2023. The data also said the volume of suspected digital fraud worldwide rose 14 percent year-on-year in 2023 and 105 percent from 2019 to 2023, …
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By Rose de la Cruz The deadline to remove unconsolidated jeepneys from the roads takes effect tomorrow (May 16) and yet drivers and operators of the unconsolidated jeepneys have been waging protests against their phase out with “anti-poor” modern jeepneys and mini buses, that would make them obtain loans of P2.4 million each just to be able to continue plying …
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By Rose de la Cruz A study on making the Pasig River ferry an augmentation to the train services to ease the transport shortage in the National Capital Region is now being undertaken by the Department of Transportation. Once completed, the department will bid out the contract to develop the Manila-Bay- Pasig River- Marikina-Laguna lake ferry system by next year. …
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By Rose de la Cruz From its busiest days as the fifth largest supplier of all types of ships in the world, the Subic Bay shipyard, now under the joint venture of Korean firm HG Hyundai Heavy Industries and US venture capitalist Cerberus Capital Management, now vows to revive those glorious moments for the partners and for the country. It …
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The Market Monitor Minding the Nation's Business