Rail strikes planned for next week’s Cop26 climate conference have been abandoned after trade union leaders confirmed negotiations on a pay rise have been settled. The announcement was made after talks between the RMT union and transport bosses on Wednesday. Transport during the 13-day UN climate summit, which is drawing world leaders and thousands of delegates to Glasgow from ...

FINANCE Secretary Carlos G. Dominguez III said wealthy economies have not offered enough climate financing to help developing nations reduce their carbon footprints as they transition to clean energy, adding that such countries bear the most responsibility for their historic emissions. In a statement issued by the Department of Finance (DoF) Thursday, Mr. Dominguez said: "We have seen very little ...

THE Asian Development Bank (ADB) said retiring half of the coal-fired power plants in the Philippines, Indonesia and Vietnam will remove up to 200 million tons of carbon dioxide emissions a year. The three countries are being evaluated for participation in the ADB's proposed energy transition mechanism (ETM) facility, which will purchase coal-fired power plants in order to retire them, ...

REUTERS THE PRINT media industry has asked Congress for tax relief to help it recover, seeking exemptions from the value-added tax (VAT) on its key raw materials such as paper and ink, as well as on advertising sales. The United Print Media Group Philippines (UPMG) said such exemptions would give the industry "greater financial flexibility" while economic conditions remain weak. ...

SMALL BUSINESSES interested in zero-interest loans to help them make their 13th month payroll may start applying on Nov. 2, the Small Business Corp. (SB Corp.) said. SB Corp. Spokesman Robert Bastillo said in a Laging Handa briefing Thursday that micro and small businesses have the Nov. 2-Dec. 7 period to accomplish their applications online. "The loan is open to ...

TWO HOUSE legislators filed a resolution seeking to investigate the process of right-of-way acquisition from private landowners for the China-funded Mindanao Railway project. ACT-CIS Rep. Eric G. Yap and Davao Rep. Paolo Z. Duterte filed House Resolution 2321 Tuesday calling for the appropriate House committees to investigate the matter, claiming disparities between the market value of the land and the ...

THE SOCIAL Security System (SSS), the private-sector pension fund, said its mobile application processed 35.27 million transactions and queries in the first eight months of the year. Transactions and queries on the app have totaled 109.73 million since its launch in 2018, led by salary loan balance and status queries and maternity claim information inquiries. The top transaction under the ...

THE JAPAN International Cooperation Agency (JICA) said it launched rabies rapid test kits for use in the Philippines in cooperation with the Department of Agriculture (DA). JICA said in a statement Thursday that the immunochromatographic test kit (ICT kit) can return a rabies diagnosis within 20 to 30 minutes, against 2-3 hours for the microscope and incubator-based method. The test ...

PHILSTAR SENATOR Sherwin T. Gatchalian said the National Electrification Administration (NEA) did not follow its own rules in selecting the new general manager (GM) of Benguet Electric Cooperative, Inc. (Beneco). The NEA had endorsed Presidential Communications Operations Office Assistant Secretary Ana Maria B. Rafael as the co-op's new GM. "An internal analysis of the Beneco's current mess showed that it ...

PHILSTAR THE PHILIPPINES is seeking the immediate implementation of the Regional Comprehensive Economic Partnership (RCEP) to spur economic recovery. Trade Secretary Ramon M. Lopez said in a statement Thursday that the government hopes to finish the process of signing on to the treaty soon, adding that the leaders of the RCEP countries are calling for the immediate ratification and "entry ...