Finance Secretary Carlos Dominguez III has assured the public that the Duterte administration will strictly enforce the “non-negotiable condition” on the mining industry for it to adopt environmentally sustainable and responsible extractive practices to guarantee the sustainability of this potential economic growth driver and the vibrant future of its host-communities. With this industry providing jobs and spurring the economic growth of mining communities, Dominguez said it is crucial for the government’s policy decisions on this sector to be aligned to facts and science. To ensure an objective assessment that will result to policy and regulatory reforms for the industry, he…
Author: Kharla Marasigan
Ayala Corporation reported a net income of ₱10.4 billion in the first semester, expanding 31 percent from the low base of the previous year when the metropolis was under a higher quarantine status. The improved results of its business units supported Ayala’s earnings: ▪ Ayala Land registered a net income growth of 34 percent to ₱6 billion showing significant improvements in performance compared to the first half of 2020 during the onset of the pandemic. ▪ BPI’s net income went up one percent to ₱11.8 billion due to lower loan loss provisions. ▪ Globe recorded a net income growth of…
Century Pacific Food, Inc. (PSE:CNPF), one of the largest branded food companies in the Philippines, together with Philippines’ leading mobile wallet, GCash, and non-profit impact organization HOPE, launches GForest, an initiative to jointly plant 1 million coconut trees in the provinces of South Cotabato and Sarangani within 24 months. GForest is an environmental protection feature on the GCash app that allows users to take an active role in helping mother nature through tree planting. GCash users can do so by collecting enough green energy to plant virtual trees. For every virtual tree planted, CNPF, GCash, and HOPE then plant a…
Jollibee Foods Corporation (JFC), one of Asia’s largest Asian food service companies disclosed today that it will buy the shares of the remaining partners in the fund that owns the Tim Ho Wan brand. Its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), which already owns an 85% participating interest in the fund shall pay SGD71.56 million to purchase the remaining 15% interests of other investors in Titan Dining LP (“Titan”), the private equity fund which ultimately owns the Tim Ho Wan brand and company-owned THW stores. JFC invested SGD45 million in Titan in May 2018 to own a 45% participating…
The Department of Trade and Industry (DTI) 12 led the creation of the SOCCSKSARGEN Regional Bamboo Council through a blended session attended by the provincial bamboo council officers and members, national government agencies, and non-government organizations. The organizational meeting aimed to gather the bamboo stakeholders of the region to form a body that will be responsible for consolidating the interests and the concerns of the members, plan for the regional direction of the industry, and raise industry concerns to specific agencies. In his message, DTI-12 Regional Director Jude Constantine Juagan reiterated the importance of creating a formal body that will…
President Rodrigo Roa Duterte wants producers of medical oxygen get government support to ramp up supply as the country battles a more contagious mutated strain of the coronavirus disease (COVID-19). In his weekly public address on Monday, President Duterte underscored the need for the country to secure ample supply of medical oxygen at this time. “If it is really goes out of control, we would need all the oxygen that they can produce para sa mga tao. Kailangan talaga,” the President said, recalling that during the first wave of COVID-19, oxygen supply was scarce and producers hardly kept up with…
METRO MANILA – The Philippine Charity Sweepstakes Office (PSCO) is releasing the official 6/49 Super Lotto Result at 9PM today, August 8, 2021. Check your tickets now. 6/49 Super Lotto is one of the most popular jackpot-bearing lottery games in the Philippines. It is drawn every Tuesday, Thursday, and Sunday. [table id=324 /] Jackpot can be won if you get the six winning numbers in any order. Please refresh this page after the 9PM draw for the latest result. Please double check with the official PCSO website for confirmation of result. [table id=22 /] Other Results: 2D | 3D |…
METRO MANILA – Here is the official 3D Lotto Result today, Sunday, August 8, 2021 from the Philippine Charity Sweepstakes Office (PCSO) based on 2PM, 5PM, and 9PM live draws online. 3D also known as Swertres is one of the most popular digit games in the Philippines. The PCSO releases official 3D result / Swertres result for 8 August 2021 at 2pm, 5pm and 9pm. Refresh this page after the scheduled draw time to see the latest results. 3D Lotto Result Today August 8, 2021 from PCSO (Swertres): [table id=322 /] Congratulations to all the winners. if you did not…
Philippine National Police (PNP) Chief, Police General Guillermo Lorenzo T Eleazar tasked police units and offices to investigate and be vigilant against the possible hoarding of oxygen tanks and other medical supplies amid the continuing threat of COVID-19. PGen Eleazar issued the order after Cebu City Vice Mayor Michael Rama called on the police and the Department of Trade and Industry to look into the supposed hoarding of oxygen tanks. “Makikipagugnayan at tulungan ang PNP sa DTI para silipin ang sinasabing hoarding ng oxygen tanks, lalo na sa Cebu City,” PGen Eleazar said. “I have directed the Cebu City Police…
The Center for International Trade Expositions and Missions (CITEM) organized via Zoom a series of digital business-to-business (B2B) matchmaking events with the Philippine delegation for FOODEX and Japanese buyers, as part of the agency’s ongoing efforts to leverage borderless communication in facilitating trade and export promotion. During meetings with Japanese buyers, the Philippine delegation for FOODEX showcased healthy, organic, and natural food products. Presented to the health-conscious Japanese market were products including mango-infused vegetable drink mixes by Business Innovations Gateway, Inc., varied coconut-based products by Eau de Coco Inc., Limketkai Manufacturing Corporation, and Pasciolco Agri Ventures, snacktime favorites by Magic…