(Photo from DA-11) DAVAO CITY – The Department of Agriculture (DA) in Davao Region has begun discussions with a Malaysian company interested in sourcing coconut shells from the region for energy production. The DA’s Agribusiness and Marketing Assistance Division recently met with representatives of Borneo New Energy to assess the availability of coconut shells and…
(PNA graphics) The Philippine Stock Exchange index (PSEi) fell for a fourth consecutive session on Wednesday as concerns over inflation and economic growth weighed on investor sentiment, while the peso strengthened against the US dollar. The PSEi slipped 0.33 percent to 5,795.14, while the broader All Shares index declined 0.21 percent to 3,246.44. Philstocks Research…
The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order against motorcycle taxi platform JoyRide PH after a viral video showed one of its riders allegedly sexually harassing a young female passenger. Acting LTFRB Chairman Greg Pua Jr. said the order requires JoyRide to explain why its authority to operate as…
(Anadolu) OTTAWA – Canadian Prime Minister Mark Carney said his government had examined the possibility of US military action against Canada as an “extreme tail risk,” stressing that governments must prepare even for highly unlikely but potentially serious scenarios. In an interview reported by The New York Times, Carney was asked whether he took seriously…
The Bureau of Internal Revenue (BIR) has rolled out a new system designed to improve the tracking, handling and accountability of official documents across its offices. The BIR said the Document Tracking and Management System (DTMS) is an online platform that allows authorized personnel to receive, monitor, manage and store documents. The system records a…
The Bangko Sentral ng Pilipinas (BSP) has issued new rules setting capital and operational requirements for thrift, rural and cooperative banks transitioning to business models similar to digital banks. Under Circular No. 1240, issued Sept. 21, existing thrift banks, rural banks and cooperative banks that the BSP determines are operating under a digital bank-like model…
JT International Asia Manufacturing Corp. (JTI-AMC) has invested more than Php 2 billion to modernize its facility at LIMA Estate in Batangas, including the establishment of Southeast Asia’s first Dry Ice Expanded Tobacco (DIET) plant. JTI said Php 1.9 billion was allocated for the new tobacco-processing technology, while more than Php 177 million was spent…
Private developers will soon be able to offer unsold condominium units under a new modality of the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, the Department of Human Settlements and Urban Development (DHSUD) said Thursday. DHSUD Secretary Jose Ramon Aliling said the initiative, to be implemented through the Pag-IBIG Fund, seeks to address…
(PAGASA satellite image) Tropical Storm Surigae has entered the Philippine Area of Responsibility and was assigned the local name Queenie, PAGASA said in its 11 a.m. bulletin Thursday. Queenie was packing maximum sustained winds of 75 kilometers per hour near the center and gusts of up to 90 kph. No tropical cyclone wind signal has…
A jubilant Carlos Yulo qualified for the finals in pole vault. (Photo from Getty Images/Yong Teck Lim) Filipino Olympic champion Carlos Yulo shrugged off a rough qualifying vault to speak about carrying the country’s honor and sharing the floor with his 18-year-old brother Karl Eldrew.The two-time Olympic gold medallist landed flat on his back on…