https://www.facebook.com/1SAMBAYANOfficial/ Opposition coalition 1Sambayan announced on Saturday its list of nominees for the two highest positions in the country, more than two months since the alliance of conservative, moderate, and progressive parties and individuals was launched. Vice President Maria Leonor G. Robredo, former senator Antonio F. Trillanes IV and human rights lawyer Jose Manuel I. Diokno, who have boldly criticized ...

The central bank’s dollar reserves dipped in May, as the government withdrew foreign currency to use for debt repayments.   Data from the Bangko Sentral ng Pilipinas (BSP) showed the gross international reserves (GIR) declined by 0.67% to $106.978 billion as of end-May, from the $107.705 billion logged as of end-April.   However, this was 14.7% higher than the $93.288 billion in foreign exchange buffers ...

Typical households in Metro Manila will see an increase of around P16 in their electricity bills this month, after distribution utility Manila Electric Co. (Meralco) announced a rise in overall power rates due to higher spot market prices.  In a statement on Friday, Meralco said its overall rate climbed by P0.0798 per kilowatt-hour (kWh) to P8.6718 per kWh, from last ...

WHOLESALE PRICE growth in general goods picked up to its fastest pace in 14 months in March, data released by the Philippine Statistics Authority (PSA) on Friday showed.  The country’s general wholesale price index (GWPI) increased by 2.8% from a year earlier in March. This was faster than the revised growth rate of 2.5% in February and 2.3% in March ...

THE GOVERNMENT is likely to run a wide fiscal deficit until 2022 as it supports the economy amid the coronavirus crisis, Fitch Solutions Country Risk & Industry Research said.  “We see limited risks from running wide deficits in the near term given the economy’s need for demand and investment. However, longer-term pressures on public finances will warrant a substantial tightening ...

OVER A hundred applications for safety seals assessed by the Trade department have been denied due to non-compliance with health protocols, its top official said.  Trade Secretary Ramon M. Lopez said the agency assesses retail, hardware, and repair shops, while other departments cover sectors like tourism and government.  The safety seal certification program provides establishments stickers for display at their entry ...

The Philippine Reclamation Authority (PRA) has approved the 100-hectare reclamation project in Cebu, paving the way for Cebu Landmasters, Inc. (CLI) to develop a P20-billion techno-business park in the area.   The PRA and Minglanilla local government unit on Friday signed the agreement for the Ming-Mori Techno-Business Park.   CLI will develop and manage the techno-hub, saying it is one of the ...

DITO Telecommunity Corp. is aiming to reach a million subscribers “soon” after connecting about 890,000 subscribers as of Thursday.  The country’s third telco player in a briefing on Friday said that it will add 23 more locations to its commercial coverage starting Saturday.  “Concentration of areas served by DITO continues to be in the Visayas and Mindanao as we started ...

PLDT Inc. and its wireless subsidiary Smart Communications, Inc. said on Friday that they have signed a deal with the Environment department to launch an initiative to collect electronic waste from cell sites and offices.  The companies will work with the Department of Environment and Natural Resources (DENR) through the Environment Management Bureau (EMB) Region 3 and its accredited provider ...

The Securities and Exchange Commission has approved AC Energy Corp.’s (ACEN) capital hike, the listed firm told the local bourse on Friday.  ACEN increased its capital stock to P48.40 billion from the previous P24.40 billion, which would pave the way for the asset-for-share swap with AC Energy and Infrastructure Corp. for the latter’s international assets.  The capital stock hike is ...

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