Several major investment projects, each worth over PHP50 billion, are awaiting the approval of President Ferdinand R. Marcos Jr., including a proposal from Korean tech giant Samsung. Special Assistant to the President for Economic and Investment Affairs Secretary Fredrick Go disclosed the information during the CREATE (Corporate Recovery and Tax Incentives for Enterprises) roadshow in…
MANILA, Philippines — Family businesses thrive on legacy, but without strong leadership preparation, even the most successful empires can collapse. The ongoing power struggle at City Developments Ltd. (CDL) in Singapore is a stark reminder of what happens when succession planning fails. CDL’s executive chair, Kwek Leng Beng, took legal action against his son, CEO…
The Oxford English Dictionary (OED) has officially added gigil to its Philippine English category this March. Along with gigil, 10 other Filipino words made it to the list: CR – A toilet or lavatory. Kababayan – A fellow Filipino or a small, sweet cake shaped like a salakot. Lumpia – A type of spring roll…
The view from the BRP Jose Rizal (FF-150) as the Philippine Navy vessel sailed with the USS Shoup (DDG-86) and JS Noshiro (FFM-3) during the conduct of a multilateral maritime cooperative activity (MMCA) in the West Philippine Sea on Friday (March 28, 2025). The MMCA aimed to enhance interoperability and strengthen the combined capabilities of…
President Ferdinand R. Marcos Jr. (8th from left) leads the proclamation rally of Team Marcos in Laoag City on Friday night (March 28, 2025). Marcos called on the public to vote for administration-backed local candidates in the midterm elections to ensure smooth coordination between the national government and the local government units. (PNA photo by Leilanie…
Four buildings with 7,200 residential units in Davao City are now ready for occupancy under the government’s socialized housing program, Malacañang announced Friday. According to Presidential Communications Office Undersecretary Claire Castro, a total of 72 five-story buildings are planned, with four completed and ready for turnover, while the rest remain under construction. The housing units…
Health Secretary Robert F. Kennedy Jr. announced Thursday a plan to cut 10,000 jobs from the Department of Health and Human Services (HHS) as part of a restructuring under his “Make America Healthy Again” agenda. The move will shrink the department’s workforce from 82,000 to 62,000 employees, with additional reductions coming from early retirements and…
The Department of Science and Technology (DOST) 8 is intensifying efforts to enhance the economic potential of coastal and marine biodiversity in Eastern Visayas, as part of its blue economy initiatives. Given the region’s dependence on marine resources for sustenance and economic growth, DOST is focusing on key sectors such as fisheries, marine transportation, aquaculture,…
The Philippines’ unemployment rate could drop to as low as 3 percent by the end of February 2025, according to an economist from the Rizal Commercial Banking Corporation (RCBC). RCBC Chief Economist Michael Ricafort said improved weather conditions early this year may help boost employment, particularly in agriculture and related sectors. “Philippine unemployment rate as…
Low-cost carrier Cebu Pacific (CEB) announced Wednesday its acquisition of new ground support equipment aimed at improving efficiency at Ninoy Aquino International Airport (NAIA) Terminals 2 and 3, as well as other key domestic hubs. The new equipment includes high-capacity tow tractors, mobile passenger steps, boarding ramps, deck loaders, catering trucks, and electric baggage tractors….