By Rose de la Cruz The Supreme Court upheld the Manila Seedling Bank Foundation’s use of the property that had been given it by virtue of Proclamation 1670 issued by then President Ferdinand Edralin Marcos over 7 hectares of property owned by the National Housing Authority but which the QC government issued in 2003 a zoning ordinance reclassifying the property. …
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By Rose de la Cruz Had it not been for the Olympic golds won by the Philippines in France, legislators would continue to ignore funding sports, especially amateur sports competitions and athletes. In a statement, Rep. Bernadette Herrera suggested that the Philippine Sports Commission budget for amateur sports should be higher at least P2 billion, while the Paris Olympic euphoria …
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OPM is abuzz with excitement as P-Pop kings SB19 and legendary rapper Gloc-9 drop their joint single “KALAKAL” today on all digital music platforms worldwide via Sony Music Entertainment. The monumental collaboration finds both music titans taking their creative direction to previously uncharted places and harnessing their gifts with a balance of star power and dynamism. According to SB19, they …
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SM Foundation has acquired another mobile clinic to boost its medical and dental missions and assistance to its Operation: Tulong Express response program during calamities. The new mobile clinic brings the number of mobile clinics at the disposal of SM Foundation for its corporate social responsibility programs to six (6). The new mobile clinic has added features like the canopy …
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Government Service Insurance System (GSIS) is extending its Restructuring Program for Service Loans (RPSL) until May 19, 2025. The extension offers a good opportunity for borrowers to benefit from longer and more affordable payment terms. “The GSIS offers a restructuring and condonation program for all past due loans. This underscores our commitment to help members and pensioners manage their financial well-being …
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A project of the National Commission for Culture and the Arts (NCCA), the Tingin Southeast Asian Film Festival is back this year with a roster of award-winning films that celebrate the region’s diverse myths, legends, and folklore. Supported under NCCA’s Culture and Diplomacy program, Tingin is the country’s longest-running and only film festival dedicated to Southeast Asian cinemas. Tingin aims …
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How do you snack right? Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world with 2023 net revenues of approximately $36 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids …
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First Lady Liza Araneta-Marcos expressed her gratitude to the United Arab Emirates (UAE) for donating a cargo flight loaded with assorted goods to the Philippines to assist those severely affected by Super Typhoon Carina and the ongoing Habagat season. “Thank you to the United Arab Emirates for their generous humanitarian aid for flood victims of typhoon Carina,” the First Lady …
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By Rose de la Cruz Finance Secretary Ralph Recto, who sits as chair of the Maharlika Investment Corp., the new sovereign wealth of the country, is not convinced that officials and technical staff must be getting an unusually high salary. Instead he proposed that such compensation should be ‘result oriented and performance-based’ rather than atrociously high. This, considering that MIC …
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The Monetary Board has approved the lifting of the moratorium on the grant of new digital banking licenses starting 01 January 2025 and allowed a maximum of ten (10) digital banks to operate in the country. The grant of new digital bank licenses, which include the conversion of an existing bank’s license to digital bank license, aims to continuously harness …
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The Market Monitor Minding the Nation's Business