An Austrian company called CycloTech has developed a new technology – called CycloRotors – the latest flying car innovation with engines that let the vehicle move easily in any direction — up, down, forward, or sideways. CycloTech recently introduced a flying test vehicle named BlackBird, an electric vehicle designed for vertical take-off and landing. Hans-Georg Kinsky, CycloTech CEO, said, “With …
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April, 2025
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7 April
Construction of 4.7-km EDSA walkway to start soon
The Department of Transportation (DOTr) is searching for a general consultant for the EDSA Greenways Project, a 4.7-kilometer elevated walkway along Metro Manila’s main thoroughfare. DOTr said the general consultant will help manage the project, in addition to supervising the construction. The expert will provide transaction advisory service for the selection of private sector partners who will operate and maintain the …
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7 April
PHL business support LRT-1 fare increase
Leading corporate executives expressed support for the fare increase in Light Rail Transit Line 1 (LRT-1), reasoning that it is within the operator’s contract with government. The Management Association of the Philippines (MAP), which comprises the country’s tycoons and business leaders, said it “stands for the sanctity of contract and the rule of law.” “MAP favors the approval of the …
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7 April
PHL attracts Canadian aviation firms
The government has met with aviation companies in Canada, discussing potential expansion in the Philippines, while local airlines move to bolster their maintenance, repair and overhaul (MRO) service capabilities. Department of Trade and Industry (DTI) Secretary Cristina Roque said this was critical in her itinerary on her official trip to Canada this month. Roque added that Cebu Pacific and AirAsia …
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7 April
Reforestation is every administration’s PR hype
BEYOND ELLIPTICALBy Rose Marie de la Cruz Every administration talks about national greening, reforestation and environmental preservation and conservation– some of them in tandem with the business sector– but after each administration, the best results come only from those that use the local community in reforested area to care for the program. The Department of Environment and Natural Resources, under …
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7 April
DA to overhaul pork MAV
By DA Press Office Agriculture Secretary Francisco P. Tiu Laurel Jr. wants to totally overhaul the minimum access volume (MAV) for pork, which were formulated 30 years ago and has been exploited by some accredited importers. “We are reformulating the rules for MAV. The DA’s Policy and Planning Office is already on the job and they have to have an …
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7 April
DA to track down pigs to be sold in markets
Piqued by the non-compliance by retailers of the maximum suggested retail price for pork, the Department of Agriculture will pilot test a “tracing system” that would give retailers a card containing information about the hogs they would be selling. The card would contain information like origin of the farm, the traders, the transporters and other levels of the logistic chain. …
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7 April
DA eyes MSRP for eggs, garlic, etc
As if the setback it suffered from the massive non-compliance by hog traders/retailers of the maximum suggested retail price for pork, the Department of Agriculture is now expanding its MSRP experiment on eggs and garlic in the hope of better results. By now, the DA must realize that even with rice and other items before, it had miserably failed in …
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7 April
Gov’t monitors safety of Filipino workers in Taiwan
The Department of Migrant Workers (DMW) has reaffirmed its readiness to implement contingency measures to safeguard overseas Filipino workers (OFWs) in Taiwan as tension with China escalates. Migrant Workers Secretary Hans Leo Cacdac stated on Friday that the DMW is maintaining close coordination with Manila Economic and Cultural Office (MECO) Chairperson and Resident Representative Cheloy Garafil to ensure a swift …
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7 April
Fajardo, Thompson make it to list of 50 PBA Greatest Players
By Robert Andaya Ten more basketball greats, led by eight-time MVP winner June Mar Fajardo of San Miguel Beer and 2021 MVP awardee Scottie Thompson of Barangay Ginebra, will be added to the list of “50 Greatest Players of the Philippine Basketball Association (PBA). Fajardo, nicknamed the “Kraken” and Thompson will be formally bestowed honors during the 50th anniversary celebration …
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The Market Monitor Minding the Nation's Business