SteelAsia ships P511.24M worth steel bars to Canada [Philippine Daily Inquirer, November 6, 2024]
One of the Philippines’ largest producers of steel products, SteelAsia Manufacturing Corporation, on Tuesday said it shipped P511.24 million ($8.8 million) worth of high-strength steel bars to Canada, marking its seventh shipment to its inaugural first-world market.
IC wants hands off on HMOs [The Philippine Star, November 6, 2024]
It was in November 2015 when then president Benigno Aquino III transferred the jurisdiction of HMOs from the Department of Health (DOH) to the IC.
Nvidia surpasses Apple as world’s biggest company [Inquirer.net, November 6, 2024]
Chip-making giant Nvidia surpassed Apple on Tuesday to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.
BCDA, NDC sign partnership for New Clark City dev’t [Philippine News Agency, November 6, 2024]
As the government’s investment arm, the NDC pursues commercial, industrial, agricultural, and mining ventures to provide necessary impetus to national economic development. This is aligned with the BCDA’s mission of transforming former military bases into centers of economic development.
Senate panel wants removal of budget for DSWD’s AKAP [Inquirer.Net, November 6, 2024]
The AKAP funding became controversial after it was linked to the signature campaign for Charter change.
DOTr in talks for additional direct PH-Canada flights [GMA News Online, November 5, 2024]
Talks are ongoing for additional direct flights between the Philippines and Canada, with Air Canada exploring possible Asia-Pacific routes, according to the Department of Transportation (DOT).
TGI Fridays Philippines unaffected by bankruptcy filing in US [The Philippine Star, November 4, 2024]
The Bistro Group, a franchisee of TGI Fridays in the country, said that it “operates independently” and that the restaurants under its helm are “unaffected” by the restructuring process of TGI Fridays Inc. in the US.
President Marcos issues EO integrating, harmonizing infrastructure development [The Philippine Star, November 4, 2024]
In issuing Executive Order 72, Marcos stressed the need for an integrated master-planning development and convergence programs toward sustainable, resilient and modernized infrastructure facilities and services.
PNU officials witness signing of ARAL Bill, welcome ID teacher participants [The Manila Times, November 4, 2024]
RA No. 12028, also known as “An Act Establishing an Academic Recovery and Accessible Learning Program, Appropriating Funds, and for Other Purposes,” is a landmark legislation that aims to address the learning gaps caused by pandemic-related school closures by establishing a free, national intervention and remedial program.
Japan firms, ALI eye Market! Market! Project [Philippine Daily Inquirer, November 4, 2024]
Among those keen on this proposed transit-oriented development (TOD) are Japanese conglomerates Mitsubishi and Marubeni, BCDA president Joshua Bingcang said in a recent chat with the Inquirer.
PBBM signs laws creating new court branches across PH [Philippine News Agency, November 3, 2024]
President Ferdinand R. Marcos Jr. has signed into law 11 measures creating additional court branches in various parts of the country.
Ombudsman explains decision on ERC case [The Manila Times, November 3, 2024]
“When the reason for the preventive suspension has already ceased, justice and fair play demands that the preventive suspension should not be for the full six-month period allowed by law but should immediately be lifted,” The Ombudsman added.
Residents ‘to benefit’ from Camotes airport [Sunstar, November 3, 2024]
Once completed, the airport will accommodate private and passenger planes with a capacity of 70 to 80 people.
Marcos declares local holidays for November, December [GMA News Online, November 2, 2024]
The list of special non-working days provided under various proclamations, issued by Executive Secretary Lucas Bersamin by authority of President Ferdinand Marcos Jr., are as follows:
26 Filipinos Make Stanford's Top 2% Scientists in the World List [Spot.PH, November 2, 2024]
Pinoy researchers are making waves. Twenty-six Filipino scientists just cracked Stanford University’s prestigious “World’s Top 2% Scientists” list for 2024, highlighting the talent and contributions that Filipino minds bring to the international scientific community. This ranking picks the cream of the crop—the top 2% of scientists globally—using data from the Scopus database provided by Elsevier.
DepEd: Gapan City students exhibit impressive learning performance [Inquirer.net, November 2, 2024]
The agency then said that the feat “highlighted the city’s resourcefulness in managing limited Maintenance and Other Operating Expenses (MOOE).”
Colliers: Leisure projects to spur demand for residential assets [Philippine Daily Inquirer, November 2, 2024]
Data from Colliers show that as of the third quarter, there were 27,200 unsold condominium units in Metro Manila. Of the total, 32 percent are in the lower mid-income segment; 25 percent, upper mid-income; and 24 percent, affordable.
DTI to probe impact of increased cement importation [GMA News Online, November 2, 2024]
In a notice issued on October 28, Trade Secretary Ma. Cristina Roque said this is pursuant to Section 6 of Republic Act No. 8800 or the Safeguard Measures Act which provides that the DTI Secretary may initiate preliminary safeguard investigation if there is evidence that increased imports of the product under consideration would be a threat to a specific product’s local sector.
BIR files 2 cases of tax evasion via ‘ghost receipts’ [Philippine Daily Inquirer, November 1, 2024]
“The BIR continues to fight the war against ghost receipts. Last August 2024, the BIR partnered with Ateneo de Manila University-Department of Mathematics to develop an algorithm that will detect companies possibly using such receipts,” BIR said.
Filipino eToro users face investment dilemma as platform exits Philippines [interaksyon, November 1, 2024]
Online trading platform eToro recently announced it will be closing operations in the Philippines, leaving many Filipino investors uncertain about the future of their portfolios.
EU probes shopping app Temu over illegal products [Inquirer.net, November 1, 2024]
The probe is being launched under a mammoth law known as the Digital Services Act (DSA) that forces the world’s largest tech firms to do more to protect European consumers online.
Los Angeles County sues Pepsi and Coca-Cola over plastic bottles [Associated Press, November 1, 2024]
A European Union consumer protection group and environmental organizations filed a legal complaint against Coca-Cola, Nestle, and Danone last November, accusing them of being misleading when representing packaging as 100% recycled or 100% recyclable.
Grant amnesty to hospitals with unresolved cases, PhilHealth urged [The Philippine Star, November 1, 2024]
Private Hospitals Association of the Philippines Inc. (PHAPI) president Jose Rene de Grano said the issue of suspension is not a simple thing as this deprives suspended hospitals of PhilHealth accreditation.
SEC OKs dissolution of URC unit [The Philippine Star, November 1, 2024]
In a stock exchange filing, URC said that the SEC has given the green light to the amendment of the articles of incorporation of URC Beverage Ventures Inc. (UBVI), shortening its corporation term.
LIST: Palace announces regular holidays, special days in 2025 [ABS-CBN News, October 31, 2024]
Malacañang on Thursday announced the regular holidays and special non-working days for 2025, based on Proclamation No. 727 signed by Executive Secretary Lucas Bersamin.
Bukidnon tops 2023 agri, fisheries production [Business Mirror, October 31, 2024]
PSA data indicate that among the top 10 provinces with the highest value of production at current prices in 2023, Bukidnon emerged as leader with P155.28 billion.
STI’s 84% surge in earnings due to higher enrollment [Philippine Daily Inquirer, October 31, 2024]
In a stock exchange filing on Wednesday, STI said its net income reached P1.6 billion from P873.8 million the previous year.
GSIS remittance not part of mayor's duties — SC [GMA News Online, October 31, 2024]
In a 21-page resolution dated in June, the SC Special First Division cited the Local Government Code, which refers to municipal mayors as "chief executives" and not "heads of offices" under the GSIS Act of 1997.
UK firm gets green light for drilling exploration [The Manila Times, October 31, 2024]
LONDON-BASED Metals Exploration, a gold producer in the Philippines, has announced that it has received final approval from Philippine authorities "for the commencement of exploration drilling activities in the Abra tenements."
Asialink secures P1-billion credit line from Maybank [Manila Bulletin, October 30, 2024]
“Asialink holds a unique connection to Malaysia, and I personally ensure that any Malaysian-affiliated company operating in the Philippines will receive our bank's dedicated support,” Solosa said.
