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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 …

The Philippine Amusement and Gaming Corporation (PAGCOR) has cancelled the accreditation of offshore gaming customer relations service provider CGC Technologies Inc. (CGC). The cancellation of CGC’s accreditation came barely a week after PAGCOR issued a stern warning to its offshore gaming licensees and its accredited service providers who are involved in illegal activities. Investigations confirm that CGC, an accredited service …

The Philippine Postal Corporation (PHLPost) and SM City Iloilo are inviting the public to visit the National Heritage Month (NHM) Philatelic Stamp Exhibit displayed at the lower ground level of SM Northpoint until May 15, 2023.  The exhibit was unveiled by Museum Director and National Commission for Culture and the Arts Executive Council Member Irene Magallon, who delivered the inspirational …

In line with the agency’s mission to raise government revenues through effective and efficient tax administration, the Bureau of Internal Revenue (BIR) achieved a milestone accomplishment by hitting all its collection targets for the first four months of the year. Under the stewardship of Commissioner Romeo D. Lumagui, Jr., the BIR has implemented new measures that have promoted voluntary compliance, …

Manila Water Company (MWC) continues to extend cross-border sharing to Maynilad Water Services, Inc. (MWSI) to alleviate supply woes in the latter’s concession area. This cross-border sharing deal allows Maynilad to tap treated water from Manila Water’s distribution network. In two locations along Aurora Boulevard in Quezon City, Manila Water has been providing up to 22 million liters of water …

Manila Water is on par with water utilities in developed countries when it comes to the level of water losses, or non-revenue water (NRW). In 2022, Manila Water averaged 12.69% NRW, which is one of the lowest in Asia. Non-revenue water is defined as water that is not billed and is lost through leaks or illegal connections. This means that …

The Philippine Amusement and Gaming Corporation (PAGCOR) led the groundbreaking of a basketball court-type multi-purpose evacuation center (MPEC) in a calamity-prone town here. The groundbreaking activity, held on April 28, 2023, formally marked the construction of the P12.7 million emergency structure in Barangay Cabubuhan, which has long been suffering from the aftermath of natural calamities. The town lacks temporary shelters …

Throughout the years, Manila Water has put premium in developing systems and technologies to better serve their customers and lessen its environmental impact in its operations. At the National Economic Development Authority’s Innovation Day exhibit (April 28) held at the Philippine International Convention Center, the water concessionaire had the chance to showcase six cutting-edge technologies used in its operations to …

President Ferdinand Marcos Jr. and Trade and Industry Secretary Fred Pascual, together with other members of the Philippine delegation, welcomed on Monday, 1 May 2023, the cooperation agreement signed between Integrated Micro-Electronics, Inc. (IMI) and Zero Motorcycles, a global leader in electric motorcycles and powertrains. As one of the proponents of the country’s transition to electric vehicles and the use …