FPI warns of beverage, confectionery price hikes due import rules change
The Federation of Philippine Industries (FPI) has raised the alarm over a potential rise in the price of confectionery and beverage products, citing new requirements from the Sugar Regulatory Administration (SRA).
P200 daily wage hike moves closer to passage as TUCP hails historic House approval
The Trade Union Congress of the Philippines (TUCP) lauds the historic approval of the P200 across-the-board daily wage hike by the House Committee on Labor and Employment, marking a crucial step toward the first legislated wage increase in over three decades.
Originally proposed in TUCP Party-list’s House Bill No. 7871 for a P150 daily hike, the approved increase reflects the House’s strong commitment to uplifting workers amid rising living costs.
JG Summit shuts down petrochemical operations amid losses
JG Summit Holdings Corp., led by the Gokongwei family, has decided to cease operations at its petrochemical business, JGSOC (JG Summit Olefins Corp.), citing persistent losses and unfavorable market conditions in the global petrochemical industry.
Havitas Properties spending P2.1B in new leisure projects
Havitas Properties Inc., a niche real estate developer founded by industry veteran Michael Tan, is launching two leisure-focused projects worth P2.1 billion in Batangas and La Union.
NPC to begin renewable energy procurement for off-grid plants in February
The National Power Corporation (NPC) on Thursday committed to begin the procurement phase of its accelerated hybridization plan (AHP) in the first two weeks of February 2025, marking a significant step toward integrating renewable energy (RE) into the state-run firm’s off-grid power plants.
