Taking off from the instructions of President Ferdinand R. Marcos Jr. to gather all stakeholders and address the issue of overpriced red onions in the market, the Department of Agriculture (DA) has issued a suggested retail price (SRP) of P125 per kilogram of medium- and big-sized imported red onion in wet markets within the National Capital Region (NCR). “[I]n order …
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The province of Bohol may not just be the land of beautiful landscapes and pristine beaches but it could also be the “paradise of immortals” as it recently honored two centenarians in less than a month. I was in Panglao a couple of days ago to cover the awarding and celebration of Bohol’s latest centenarian Candelario Aparicio Bernaldez and later …
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The three-day celebration of the “Araw ng Biñan”, which began on February 2, 2023, was highlighted by the much-anticipated groundbreaking rites for the construction of the state-of-the-art “Sentro ng Patanghal na Sining” – a facility that would help promote and hone the skills of talented performers in the city. Leading the ceremonies were Biñan Lone District Rep. Marlyn Alonte-Naguiat, City …
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On January 31, 2023, the Philippine Amusement and Gaming Corporation (PAGCOR) learned through a news report that Soleil Chartered Bank issued a statement denying the issuance of a bank certification to Global ComRCI, PAGCOR’s third-party auditor for offshore gaming licensees, whose contract commenced in December 2017. In relation to this report, PAGCOR would like to reiterate that since the assumption …
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East Zone concessionaire Manila Water continues to invest in the rehabilitation of its existing facilities and building of new infrastructure to ensure water service continuity in its service areas in Metro Manila and Rizal Province amidst challenges in aging facilities and risks associated with natural disasters and impacts of climate change. To serve as the company’s compass in the course …
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To further strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (LANDBANK) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss paid a courtesy visit to LANDBANK President and CEO Cecilia C. Borromeo at the LANDBANK Plaza on 17 January 2023. …
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Clark Development Corporation (CDC) will file an appeal with Malacañang for the recognition of the allowances, benefits, and incentives (ABIs) of CDC employees which were discontinued under the new salary system approved by the Governance Commission for Government-Owned and Controlled Corporation (GCG). CDC President and CEO Atty. Agnes VST Devanadera said that the CDC management will exhaust all efforts and …
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SUZUKI Philippines Inc. introduced four new Ertiga Hybrid cars in an elegant fashion recently at the Blackbird of Nielsen in Makati City as it officially enters its best bets in the growing popularity of the MPV segment in the country. The Ertiga Hybrids are the first batch of hybrid vehicles that were unwrapped at this early in the market and …
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Oil firms will implement price adjustments on fuel products starting Jan. 17. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they will increase gasoline prices by PHP0.95 per liter and PHP0.50 per liter on diesel prices. On the other hand, Caltex, Seaoil, and Shell will cut kerosene prices by PHP0.15 per liter. Other oil companies are …
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The Department of Agriculture (DA) will build six cold storage facilities in four onion-producing regions starting this year in support of local farmers. Each facility with a capacity of 20,000 bags will cost up to PHP40 million and will rise in the Ilocos, Cagayan Valley, Central Luzon and Mimaropa regions. “Tayuan po ng mga storage facility nang sa gayon during peak season ng harvest, malagyan na. Hindi po …
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The Market Monitor Minding the Nation's Business