San Miguel Corp. President and Chief Executive Officer Ramon S. Ang, Transportation Secretary Jaime J. Bautista and Manila International Airport Authority (MIAA) General Manager Eric Jose C. Ines hold copies of the signed concession agreement for the Ninoy Aquino International Airport (NAIA)-Public-Private Partnership (PPP) project in Malacañang, March 18. In […]
External debt service burden soars to P14.7 billion in 2023
MARI GIMENEZ-UNSPLASH THE PHILIPPINES’ external debt service burden skyrocketed to P14.752 billion last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the country’s debt service burden on its external borrowings surged by 73.9% last year from the P8.483 billion recorded […]
Baguio City logs highest GDP per capita among provinces, HUCs
WORKERS transport crates at a food market in Baguio City, April 17, 2016. — REUTERS THE CITY of Baguio posted the highest gross domestic product (GDP) per capita in 2022 among provinces and highly urbanized cities (HUCs) in the Philippines, according to the Philippine Statistics Authority (PSA). The PSA published […]
BIR sets higher income tax, VAT collection goals for 2024
PHILIPPINE STAR/RUSSELL PALMA THE BUREAU of Internal Revenue (BIR) is aiming to increase income tax and value-added tax (VAT) collections this year amid the government’s efforts to improve tax administration and efficiency. Data from the BIR showed that more than half or P1.65 trillion of the agency’s P3.055-trillion target this […]
Converge eyes P17B-19B capex spend in 2024
LISTED fiber internet service provider Converge ICT Solutions, Inc. announced on Monday a plan to allocate P17-19 billion for capital expenditure (capex) budget this year. “Due to upcoming international subsea cable payments, the inclusion of capital outlays for data centers, and delays in supplier invoices earmarked for 2023 payment, the […]
Solaire Resort in Quezon City to open in May
SOLAIRERESORT.COM RAZON-LED Bloomberry Resorts Corp. on Monday said its Solaire Resort North project in Quezon City is expected to formally open in late May. The upcoming resort is a $1-billion investment and will be Bloomberry’s second integrated resort under the Solaire brand, joining Solaire Resort Entertainment City in Parañaque City, the […]
First Gen expects 400 MW from Nueva Ecija hydro facilities by 2028
LOPEZ-LED First Gen Corp. said it expects a capacity of about 400 megawatts (MW) of renewable energy from its hydropower facilities in Nueva Ecija by 2028. The capacity will come from the 132-MW Pantabangan-Masiway hydroelectric power plant (HEPP), the 165-MW Casecnan HEPP, and the planned 100-120-MW Aya pumped-storage hydropower project, […]
Looking back at the women of The Flor Contemplacion Story
Author Beverly Siy, actor Julio Diaz, and screenwriters Ricky Lee and Bonifacio Ilagan at a talkback after the screening of The Flor Contemplacion Story starring Nora Aunor. — BRONTË H. LACSAMANA IN the 1995 film The Flor Contemplacion Story, the titular domestic worker Flor, playedbyNora Aunor, and her husband’s mistress […]
Alternergy taps China firm for Alabat, Tanay wind projects
ALTERNERGY Holdings Corp. announced on Monday that it has awarded the contract for its Alabat and Tanay wind power projects, with a combined capacity of 163 megawatts (MW), to China Energy Engineering Group Guangdong Electric Power Design Institute Co. Ltd. (GEDI). Corp. announced on Monday that it has awarded the […]
The world needs a soundtrack for the climate crisis
THE GREAT social movements of history all had soundtracks. The civil rights movement had jazz, the blues, and Nina Simone; its anthem was “We Shall Overcome,” originally a 19th-century hymn. The story of gay liberation is intertwined with disco culture, and some of the greatest pop songs have been written […]