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“Grab has many enemies but that’s ok”

Grab Philippines on Tuesday acknowledged the resentment some hold against its bid to secure regulatory approval for its own motorcycle taxi service that at the moment seems impossibly out of reach. It does not lose hope, however, that the coveted accreditation is eventually dispensed in its favor.

BTr raises P584.86B from retail treasury bond offer

The Bureau of the Treasury (BTr) said Monday its raised a record P584.86 billion through the public offer of retail treasury bond (RTB), securing a large amount of funds the government needs to bridge the budget deficit gap.

Incremental El Niño damage moves past P300M but feared ultimately costing the economy billions

Damage to the agriculture sector attributed to the ongoing El Niño episode has climbed to P357.38 million, incrementally higher than only P109.44 million when last reported, latest data reported by the Department of Agriculture’s (DA) Disaster Risk Reduction and Management Operations Center show.

SM Group looks to regions, local brands to drive future growth

SM Investments Corp. is looking beyond key cities and widely-known brands, and training the spotlight on local favorites and experiences to help drive SM Group’s future growth.

DOTr seeks competing proponents in Swiss challenge to Laguindingan Airport

The Department of Transportation (DOTr) is inviting local and international companies to challenge the unsolicited proposal of Aboitiz InfraCapital, Inc. to upgrade, expand, operate and maintain the Laguindingan International Airport. 

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Aboitiz leads PH power generation market share – ERC data

Data from the Energy Regulatory Commission (ERC) in June shows that Aboitiz Equity Ventures Inc. (AEV) holding the largest share of the power generation market at 24.30 percent, equivalent to 6.85 million kilowatts.

Sugar industry welcomes closure of bioethanol import loophole

The United Sugar Producers’ Federation of the Philippines (Unifed) has welcomed new guidelines from the Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) that closes a regulatory loophole affecting imports of sugar-based feedstocks for bioethanol production.

Mixed fuel price adjustments expected this week

The various fuel retailers indicate mixed price adjustments for gasoline and diesel will take effect this week.

DA allocates funds and launches programs to preserve Ifugao rice terraces

The Department of Agriculture (DA) is stepping up efforts to protect the Ifugao Rice Terraces, a UNESCO World Heritage Site, from threats including climate change, aging infrastructure, and shifting farming practices. Agriculture Secretary Francisco Tiu Laurel Jr. led an assessment visit to Banaue and Batad Rice Terraces over the weekend to review conditions and consult with local farmers and officials.

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