Tax-paid local cigarets cost P140 per pack while those smuggled or untaxed are sold at P66.15 per pack, with the P100 per pack difference endangering the profitability and sustainability of homegrown tobacco. Thus, the Philippine Tobacco Institute asked the government to calibrate the taxes for homegrown tobacco against the smuggled ones and called for tighter enforcement of laws against smuggling …
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Cebu, Bohol, Siquijor and Southern Leyte are joining the subsidized rice initiative with an initial combined order of 673,000 (50 kilo) bags and sell these to their constituents for P20/kg. in keeping with the campaign promise of President Marcos in 2022. The National Food Authority (NFA) said that it had shipped 35,000 bags of well-milled rice to Cebu on Monday …
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The Larga Pilipinas, in sync with its vision of helping the sport of cycling to get bigger and more popular, will hold a six-stage race that will start in cycling hotbed in Cabanatuan City, Nueva Ecija on Aug. 2 and will end in mountaintop Baguio in Aug. 7. Organizers are expecting to surpass the record 10,000 participants they drew the last …
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The Imus Braderhood rebounded with a 122-111 victory over Manila Batang Quiapo on Friday in the Manny Pacquiao presents 1xBet-MPBL 2025 Season at the Marikina Sports Complex. Powered by homegrown Eroll Soriano and Jayjay Caspe, Imus pulled away, 100-79, after three quarters and proceeded to level its slate at 6-6 in the round-robin elimination phase of the 30-team tournament. Soriano …
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Actor-sportsman Jomari Yllana of Yllana Racing believes it is time government and the public institutionalized road safety measures. “In the wake of a growing number of accidents on our roads lately, stricter measures must be put in place to safeguard pedestrians and motorists alike,” said Yllana when asked about road safety issues during a May 5 guesting on Radyo 630 …
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The Toledo-Xignex Trojans are the 2025 PCAP All-Filipino champions. Led by GM Oliver Barbosa and Cherry Ann Mejia, the Trojans completed a convincing 13-8, 14-7 win over Pasig Pirates in their two-match title showdown last Wednesday. Barbosa swept Sherwin Tiu, 3-0, while Mejia crushed Sherily Cua, 3-0, as the Trojans finally ended years of disappointments and captured the championship in …
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Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort Entertainment City, Solaire Resort North , and Jeju Sun Hotel and Casino, reported an increase of 14 percent in its Gross Gaming Revenue (GGR) — from P14.8 billion to P16.8 billion — in the first quarter of 2024. Based on its unaudited consolidated financial results for the three months ending …
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International Container Terminal Services, Inc.’s (ICTSI) Baltic Container Terminal (BCT), Gdynia, acting in coordination with the Port of Gdynia Authority, has completed Phase 1 of a two-phase major upgrade of its Helskie Quay. The project, implemented over 400 meters of quay line, represent an important step in the Port of Gdynia’s goal to accommodate larger vessels. This objective will become …
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In what was once a predominantly agricultural barangay of Santa Maria, Bulacan, a grassroots initiative that began with a handful of farmers under a sampaloc tree has blossomed into one of the province’s most progressive cooperatives. Backed by LandBank, the Catmon Multi-Purpose Cooperative (MPC) has thrived by growing alongside its community– evolving to meet changing needs while staying true to its …
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Metro Retail Stores Group, Inc. (MRSGI) recently held its Annual Stockholders Meeting, reporting solid 2024 performance marked by continued expansion, operational efficiency, and a smooth leadership transition as the company prepares for its next phase of growth. In her first address as Chairperson of the Board, Ms. Sherisa “Baby” Nuesa highlighted Metro Retail’s resilience amid a dynamic market environment. The …
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The Market Monitor Minding the Nation's Business