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Philippine Seven rolls out P4 billion capex for its chain of stores

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Philippine Seven Corp., which operates the 7-Eleven chain of convenience stores in the country, bared spending up to P4 billion as capital expenditures this...

GSIS in sync with Bagong Pilipinas governance model

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State pension fund Government Service Insurance System (GSIS) president and general manager Wick Veloso has affirmed the institution’s alignment with the government's Bagong Pilipinas...

Transition to commercial power reserves market on schedule – IEMOP

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The transition to the full commercial operation of the energy reserves market is on track to its late September target, according to the Independent...

Filinvest Development offers desalination project to address Cebu City’s water woes

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Filinvest Development Corp., the investment holding company of the Gotianun Group, said Thursday it has proposed to increase water supply in Cebu City through...

“Camotes” given citations for using exclusive EDSA bus lane

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More than 150 motorists popularly known as “camotes” on Thursday received traffic violation tickets for using the EDSA busway lane in Pasay reserved exclusively...
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Honda hits breaks on EVs, faces JPY2.5T losses

Transport & Logistics 0
Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).

DOTr cracks down on steep hikes in shipping rates

Transport & Logistics 0
The Department of Transportation (DOTr) has warned domestic shipping lines against imposing steep passenger fare hikes, signaling tighter oversight from regulators led by the Maritime Industry Authority (MARINA).

Subic charts bold course into cruise facility

Transport & Logistics 0
The Subic Bay Freeport Zone is plotting a major leap into the regional cruise tourism market with plans to build a dedicated cruise ship terminal worth about P10 billion, an investment that also coincides with renewed shipbuilding activity and expanding container operations in the port hub.

Frasco out as DOT chief, stays in Cabinet

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Secretary Christina Garcia Frasco will remain in the Cabinet of President Ferdinand Marcos Jr. but will step down as head of the Department of Tourism to become Presidential Adviser for Sustainable and Resilient Communities. Malacañang said tourism Undersecretary Verna Buensuceso will serve as officer in charge of the agency until a new tourism secretary is appointed. The Palace did not immediately explain the leadership change, and it remains unclear whether recent criticism surrounding the tourism department’s promotional campaign had any bearing on Frasco’s reassignment. Palace Press Officer and Undersecretary Claire Castro said President Marcos expressed his appreciation for Frasco’s leadership at the tourism department.
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