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With assistance from the Public-Private Partnership (PPP) Center, the National Power Corporation (NPC) conducted on September 7, 2023 its market sounding activity for its Accelerated Hybridization Project (AHP), which it intends to undertake through private sector participation. The activity was conducted at the Fiesta Hall of the National Power Corporation Building in Quezon City. The AHP, which will utilize renewable …

Building on Albert Einstein’s work, a Filipina physicist and an international team of researchers recently discovered that a special class of subatomic particles can be described using concepts from the famous scientist’s Theory of Relativity. UP Diliman College of Science National Institute of Physics (UPD-CS NIP) associate professor Dr. Gennevieve Macam and her colleagues were investigating Weyl fermions, exotic subatomic …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman Alejandro H. Tengco today said he welcomes the reported filing of charges against him and previous members of the PAGCOR board of directors over the alleged disappearance of a Php75 million performance bond posted by an e-sabong company. The PAGCOR chairman and chief executive officer said that while the alleged disappearance of the …

Lalamove, the leading on-demand delivery platform, aligned with their goal of prioritizing partner drivers’ safety, recently teamed up with the Metropolitan Manila Development Authority and turned over driving equipment, including a brand-new Honda Click motorcycle from Lalamove’s Panalomove Partner Agribank, an insulated Lalabag, a Lalamove helmet, and a Lalajacket, alongside a first-aid kit. Lalamove Philippines Managing Director Djon Nacario gladly …

Following the effectivity of Executive Order No. 39 s. 2023 today, 5 September 2023, which sets price ceiling for regular-milled rice at PHP41.00/kilogram and well-milled rice at PHP45.00/kilogram, the Department of Trade and Industry (DTI) led the joint monitoring of compliance with the imposed rice price ceiling.   Together with DILG Secretary Benjamin Abalos, the price monitoring team composed of DA …

Senators Miguel Zubiri, Joel Villanueva and Ronald dela Rosa proudly don patriotic shirts printed with the words “WEST PH SEA” when they watched the Gilas vs China FIBA Workd Cup game recently at the Smart Araneta Coliseum. REYMUNDO G. NILLAMA

The implementation of the mandated price ceilings for rice will start on Sept. 5, Malacañang said last week.  The clarification was made after Executive Order (EO) 39 stated that the price cap on regular and well-milled rice will take effect immediately upon its publication in the Official Gazette or in a newspaper of general circulation.  “The Office of the Executive …

The Department of Finance (DOF) has pledged its commitment to expand green infrastructure projects within the country, aligning with the Association of Southeast Asian Nations (ASEAN) objective of achieving sustainable growth, accounting for at least 50 percent of the global economy. During the 10th ASEAN Finance Ministers and Central Bank Governors Meeting held in Jakarta, Indonesia, ASEAN members reached a …

The Bureau of the Treasury (BTr), on August 28, 2023, announced the issuance of the implementing rules and regulations (IRR) for Republic Act No. 11954, also known as the Maharlika Investment Fund (MIF) Act of 2023. These regulations come after extensive consultations with key government financial institutions (GFIs), including the Landbank of the Philippines (LBP) and the Development Bank of …

Local shares slightly went up on Friday following the release of core personal consumption expenditures data.  The Philippine Stock Exchange index (PSEi) closed at 6,181.06, up by 0.09 percent from 6,175.25 the previous day, while all shares also rose by 0.22 percent to 3,341.97.  Half of the sectoral indices ended the week in a positive territory, led by Property which …