Category: Economy

SM Prime marks 30th anniversary with record-breaking income, P100 billion investment for 2024

SM Prime Holdings, Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a ₱100 billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM Prime reaffirms its position… Read More SM Prime marks 30th anniversary with record-breaking income, P100 billion investment for 2024

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Group calls for activation of nuke plant to address ‘energy crisis’

MORONG, Bataan | April 15, 2024 – Alpas Pinas, a non-stock, non-profit organization leading the advocacy for nuclear energy as a clean energy source, emphasizes the urgency of exploring the activation of the Philippine Nuclear Power Plant (PNPP) considering the country’s low power reserves. With the Philippines facing low power reserve margin, there is a… Read More Group calls for activation of nuke plant to address ‘energy crisis’

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Sen. Villanueva: Enterprise-based education and training to boost gov’t effort to address unemployment

REACTING to the decrease in unemployment rate in February, Senate Majority Leader Joel Villanueva stressed the need for an institutionalized enterprise-based education and training program to boost the government’s effort in providing more employment opportunities for Filipinos. The Philippine Statistics Authority (PSA) reported a decrease in the unemployment rate from 4.5% or 2.15 million in… Read More Sen. Villanueva: Enterprise-based education and training to boost gov’t effort to address unemployment

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Villanueva: 3000 OFWs in HK received government aid, support through Action Center

SENATE Majority Leader Joel Villanueva said that the government must exhaust all efforts in ensuring that aid and support are provided for Overseas Filipino Workers (OFWs). Villanueva made the remark after attending an OFW gathering at the International Center in Sham Shui Po, Kowloon, Hong Kong last Sunday, March 17, 2024 wherein more than 3,000 OFWs… Read More Villanueva: 3000 OFWs in HK received government aid, support through Action Center

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Sen. Villanueva: Full rollout of Trabaho Law to help shore up employment

SENATE Majority Leader Joel Villanueva said that he expects that unemployment could be stemmed by the full implementation of the Trabaho Para sa Bayan (TPB) law. Villanueva made the statement after the Philippine Statistics Authority (PSA) reported that the unemployment rate increased to 4.5% or 2.15 million jobless Filipinos in January 2024 from 3.6% or… Read More Sen. Villanueva: Full rollout of Trabaho Law to help shore up employment

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URC breaks ground for new, leading edge production plant in Malvar

UNIVERSAL Robina Corp. (URC) has broken ground for its new production plant in Malvar town in Batangas that will showcase its cutting-edge manufacturing process and sustainability drive. “This mega plant will feature state-of-the-art manufacturing technology – from the way it will be constructed all the way to how it will be operated,” said Irwin Lee,… Read More URC breaks ground for new, leading edge production plant in Malvar

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SM Supermalls job fairs pave way for 2024 career opportunities

SM Supermalls and SM Retail hosted job fairs in collaboration with the Department of Labor and Employment (DOLE), Local Government Units (LGUs), the Private Sector Advisory Council (PSAC) Jobs Group, the Philippine Chamber of Commerce and Industry (PCCI), the Employers Confederation of the Philippines (ECOP), Philippine Exporters Confederation, Inc. (PHILEXPORT). The job fairs were scheduled on… Read More SM Supermalls job fairs pave way for 2024 career opportunities

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GOCC dividends up by 46% in 2023; SBMA contributes P1.52-B

By Anna Leah Gonzales | January 8, 2024 MANILA – The Finance department’s Privatization and Corporate Affairs Group collected a total of PHP99.98 billion in dividends from government-owned or -controlled corporations (GOCCs) last year. In a statement on Monday, the Department of Finance (DOF) said this was higher by 46 percent compared to 2022’s PHP68.34 billion… Read More GOCC dividends up by 46% in 2023; SBMA contributes P1.52-B

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Passage of blue economy bill to sustain PH economic growth

By Nanette Guadalquiver BACOLOD CITY – The approval of House Bill (HB) 9662, or the proposed “Blue Economy Act,” is expected to sustain the country’s economic growth, Negros Occidental Third District Rep. Jose Francisco Benitez, the principal author, said on Wednesday. “It will transform the maritime economy to a sustainable blue economy,” he said in a… Read More Passage of blue economy bill to sustain PH economic growth

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BCDA makes GCG Hall of Fame for corporate governance

THE Bases Conversion and Development Authority (BCDA) has earned its place as a “Hall of Famer” among government-owned and-controlled corporations (GOCCs) for maintaining its “Outstanding” rating in the Governance Commission on GOCCs’ (GCG) corporate governance scorecard (CGS) for eight consecutive years. During the inaugural GOCC Governance Awards Ceremony organized by the GCG, the BCDA was… Read More BCDA makes GCG Hall of Fame for corporate governance

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