MANILA — The trend of Filipinos turning to formal lending institutions for credit is poised to bolster personal consumption, a major component of the country’s economic expansion.
According to Philippines News Agency, Sheila Paul, in a discussion wi…
MANILA — The Department of Transportation (DOTr) announced its intent to thoroughly review a complaint lodged by a transport organization regarding the execution of the vehicle modernization initiative. This announcement came after the complaint was s…
MANILA – A significant proposal to boost the daily minimum wage of private sector workers by PHP100 has reached the plenary stage in the Senate. This development was led by the Committee on Labor, Employment, and Human Resources Development, with Sena…
CEBU CITY – A new solar power plant, boasting a capacity of 15 megawatts, is set to rise in the northern part of Cebu province, announced Governor Gwendolyn Garcia. This development, a collaborative effort between Acciona Energia Global, Freya Renewab…
LEGAZPI CITY – Over 1,625 farmers in Legazpi City have been granted fertilizer discount vouchers by the government, each worth PHP4,000, as part of a measure to enhance agricultural productivity and improve the living standards of the agricultural com…
MANILA – The Philippine Stock Exchange index (PSEi) and the local currency exhibited significant strength in Wednesday’s trading, buoyed by the government’s announcement of a decline in the unemployment rate to 3.1 percent in December 2023. The PSEi a…
MANILA – The Government Service Insurance System (GSIS) has affirmed its status as the Philippines’ premier non-life insurer, boasting a net worth of PHP50.15 billion. This announcement came on Wednesday, marking a significant milestone for the state-…
BACOLOD CITY — The United Sugar Producers Federation (UNIFED), the largest independent group of sugar planters in the Philippines, expressed strong support on Wednesday for government efforts aimed at lowering the farmgate prices of sugar, amidst conc…
CEBU CITY – In a coordinated sting operation, authorities in Cebu City apprehended two individuals suspected of drug trafficking, seizing over PHP2 million worth of suspected shabu. The operation took place in the city’s upland village of Malubog, bri…
MAASIN CITY – In response to the African swine fever (ASF) outbreak in nearby towns, Maasin City has initiated comprehensive measures to forestall the disease’s spread within its jurisdiction. Mayor Nacional Mercado has spearheaded these preventive ac…