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DENR cancels environment agreement with controversial Siargao community

The Department of Environment and Natural Resources (DENR) on Monday canceled its agreement with the Socorro Bayanihan Services Inc. (SBSI) for violating the provisions of the tenurial instrument awarded in June 2004 covering 353 hectares of the Siargao Island Protected Landscape and Seascape (SIPLAS) in Surigao del Norte.

Latest adjustments show gasoline P8.20 more expensive per liter at the pumps thus far this year

The various fuel retailers follow up on last week's mixed adjustments with an across-the-board increase in prices beginning past midnight Tuesday.

Monetary Board raises forecast inflation a notch higher but keeps policy settings unchanged

The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Monday held its benchmark interest rate, also known as target reverse repurchase (RRP) rate at 6.50 percent for the fourth time in a series, meeting market expectations. 

Treasury bill, bond rates up at Monday’s auction; market eyes BSP meet, inflation

Treasury bill and bond rates were higher at the double auction Monday, with higher inflation in March and a wide budget deficit in February dominating the news ahead the interest rate-setting meeting of the Bangko Sentral ng Pilipinas.

Fintech extends P118 billion clean loans on close to 4 million Filipinos

Fuse Lending, Inc. on Monday reported surpassing the P118 billion mark in life-to-date loans disbursed through GCash app as of the end of 2023, empowering nearly four million Filipinos. 

Just in

Puerto Princesa eyes tourism, property investments for growth

Puerto Princesa City is positioning itself for sustained economic growth through major tourism, hospitality and property developments, as investors explore opportunities in Palawan’s expanding visitor economy.

Manulife expands global real asset investment options

Manulife Investments Philippines has broadened its investment offerings beyond real estate investment trusts (REITs), introducing a multi-asset fund that gives Filipino investors exposure to global infrastructure, natural resources and inflation-linked securities.

Malampaya safety record bolsters reliability as gas expansion nears

Prime Energy’s Malampaya Onshore Gas Plant (OGP) in Batangas has marked 25 years without a recordable safety incident involving harm to people or a significant process safety incident, underscoring the importance of operational discipline as the Philippines moves to expand indigenous natural gas production.

The coding exemption that comes with a catch

Filipino motorists appreciate the freedom to leave the house on a given morning without checking the last digit of the license plate. In Metro Manila, this can be worth a surprising amount of money. A day without number coding means another day of using the car, another day without arranging a ride, another day without pondering why a perfectly serviceable vehicle has to stay in the garage. So when a salesperson mentions that a particular electrified vehicle can be driven even on its coding day, a prospective buyer has incentive to sit up a little straighter.
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