Luzon, Visayas grids still under alert status with 39 power plant units down
Both the Luzon and Visayas grids remain under yellow alert Thursday as 39 power plants were either under forced outage or de-rated in the absence of a total 2,667.3 megawatts worth of power.
SEC makes permanent CDO vs MFT Group
The Securities and Exchange Commission has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies Inc. and Foundry Ventures I Inc.
Metro Retail Stores earnings in 2023 hurt by higher inflation
Metro Retail Stores Group Inc. said Wednesday net income last year dropped 33 percent to P618 million due the adverse impact of inflation on sales and magnified by the absence of one-off gains from an accounting adjustment on leases and insurance claims made in 2022.
DENR converting abandoned fishpond areas into mangrove forests
The Department of Environment and Natural Resources (DENR) has ordered the immediate assessment of abandoned, undeveloped and underutilized (AUU) fishpond areas in Bicol, Western Visayas and the Zamboanga Peninsula and to repurpose them as mangroves as defense against flooding and extreme weather events and in boosting climate action.
DA names BFAR OIC after Ombudsman dismisses former chief
Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Wednesday appointed Isidro Velayo, Jr. as officer-in-charge of the Bureau of Fisheries and Aquatic Resources (BFAR) after receiving an Ombudsman order dismissing BFAR director Demosthenes Escoto.
