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Tricycles, public markets go cashless in Tagbilaran City

Tagbilaran City is the latest local government unit (LGU) to promote digital payments in public markets, tricycle hubs, and other establishments pursuing the nationally implemented  “Paleng-QR Ph Plus” program. 

Globe expands 5G coverage in Visayas, Mindanao

Globe Telecom Inc. said Monday it expanded its 5G coverage in the Visayas and Mindanao, adding 212 and 25 sites, respectively, to provide more consumers and businesses improved connectivity and access to faster data speeds as well as jump start economic activity slowed by the pandemic.

Converge spent P7.2B of P10B  maiden bond offer in 2022

Converge Information and Communications Technology Solutions Inc. already spent the bulk of the proceeds of its maiden P10 billion bond offer last year, raising...

Robinsons Retail raises stake in BPI to 6.8% for P19.7B

Robinsons Retail Holdings Inc. raised its stake in Bank of the Philippine Islands to 6.8% by purchasing an additional 4.4% of the lender for...

Philippines on track towards meeting forecast 7.2% growth in 2022 – World Bank

The Philippines is on track towards achieving growth in 2022 averaging 7.2 percent in terms of the gross domestic product, the World Bank said in the January 2023 iteration of its Global Economic Prospects report.

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PAL modernizing fleet with major Boeing Dreamliner order

The Philippine Airlines is set to significantly upgrade its long-haul operations after announcing the acquisition of 15 fuel-efficient Boeing 787-10 Dreamliner jets, with an option to purchase five more.

P96.7-M ice plant at Bulan fish port set to boost Bicol fisheries

The Department of Agriculture (DA) has announced the construction of a P96.7 million ice plant at the Bulan Fish Port Complex in Sorsogon, designed to lift production and incomes across the Bicol Region’s fisheries sector. Unveiled in a statement on Monday, the facility can produce 60 metric tons of ice daily and store up to 120 metric tons, aimed at keeping catch fresh, cutting post-harvest waste, and strengthening the entire fisheries value chain.

ERC greenlights P1.38 billion transmission facilities for Laguna Lake floating solar project

Renergy firm NKS Solar One Inc. has received official approval from the Energy Regulatory Commission (ERC) to develop and own dedicated transmission infrastructure worth P1.38 billion, which will connect its 250-megawatt floating solar power project on Laguna Lake to the main Luzon power grid.

Senate orders submission of VP Duterte’s bank records

The Senate, sitting as an impeachment court, on Monday ordered banks to produce the peso account records of Vice President Sara Duterte and her husband, Manases Reyes Carpio, from 2007 to 2021, as House prosecutors seek to use these documents to prove whether she amassed alleged ill-gotten wealth. The court also subpoenaed the financial records of 19 corporations and one partnership linked to the couple, along with relevant documents from the Anti-Money Laundering Council, all to be submitted by July 30. It likewise allowed the production of the couple's income tax returns for the same period to establish their financial baseline, a key issue in one of the Articles of Impeachment. The ruling, issued by presiding officer Senator Francis Escudero, appeared to stem from an earlier caucus. But no vote tally was disclosed, and it remained unclear whether the senator-judges formally voted on the subpoenas.
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