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1993 POSTS

SteelAsia hires returning OFWs for mill expansion

Steel manufacturing giant SteelAsia Manufacturing Corp. has hired 106 repatriated overseas Filipino workers (OFWs) across its four mills as it ramps up plans to expand domestic steel production.

NG delivers sustained revenue growth, matures beyond one-off windfalls as 4-month surplus hits P1.67 trillion

The National Government (NG) has demonstrated strong annual revenue collection of just under 14 percent, record-breaking efficiency and a pivot from "windfalls" to core tax sustainability in the past four years, according to Bureau of the Treasury (BTr) data.

Primelectric cuts rates across Visayas power markets

Primelectric Holdings Inc. is banking on cheaper power supply deals and market efficiencies to deliver the lowest electricity rates in the Visayas amid volatile global fuel prices.

NTA assures purchase of all tobacco leaf harvests despite oversupply 

The National Tobacco Administration (NTA) confirmed it has secured commitments from traders and manufacturers to buy all flue-cured Virginia (FCV) tobacco produced this season in the Ilocos Region and Abra, even though supply is well above demand.

PH-China flights surge, tourism gains momentum

Three new direct flights between the Philippines and China are set to strengthen air connectivity and accelerate the recovery of the country’s tourism sector, the Department of Tourism (DOT) said.

Just in

Aboitiz deepens Vietnam push across key sectors

The Aboitiz Group is ramping up its Vietnam expansion, leveraging investments in energy, food security, and infrastructure as economic ties between Manila and Hanoi gain momentum under a deepening bilateral partnership.

Senator Estrada claims politics behind plunder case

Senator Jose 'Jinggoy' Estrada on Monday maintained his innocence in the plunder charges filed against him, alleging that the case is part of a political effort to weaken the Senate bloc aligned with Vice President Sara Duterte. Estrada claimed he had received several offers to have the plunder and graft cases dropped if he agreed to leave the new Senate majority coalition but rejected them. Estrada said he cannot sacrifice the independence of the Senate to improve my personal circumstances. The beleaguered lawmaker framed the plunder case as an assault on the autonomy of the Senate, which “must remain free from political coercion, free from undue influence, and free from any scheme designed to weaken its constitutional role as a co-equal and independent branch of government.”

Senator Jinggoy Estrada arrested; no bail recommended

Interior Secretary Jonvic Remulla said he led the police on Monday to arrest Senator Jose 'Jinggoy' Estrada at the Senate following the issuance of an arrest warrant in a plunder case, despite objections from Senate leaders. Remulla said authorities moved swiftly to enforce the warrant to avoid a repeat of the escape of Senator Ronald 'Bato' dela Rosa. He noted that the Sandiganbayan did not recommend bail for Estrada and four co-accused. Former Public Works Secretary Manuel Bonoan has surrendered to authorities but was taken to a hospital for medical treatment, Remulla added.

Prices slash across all fuels; PH plans regional reserves with Japan’s help

The Department of Energy (DOE) confirmed this week will see broad price rollbacks, with reductions starting at P4.76 per liter for gasoline, P9.26 for diesel, and P10.86 for kerosene.
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