December 23, 2024
PCC greenlights $3.3-B LNG deal
By Sheldeen Joy Talavera, Reporter THE PHILIPPINE Competition Commission (PCC) on Monday said it has approved the $3.3-billion landmark deal among three energy giants, allowing them to proceed with their joint acquisition of power facilities and a liquefied natural gas (LNG) facility in Batangas, but subject to certain conditions. In a statement on Monday, the […]
December 23, 2024
NG to borrow P629B locally in first quarter
BW FILE PHOTO THE National Government (NG) is planning to borrow P629 billion from the domestic market in the first quarter of 2025, as it seeks to frontload borrowings ahead of the May elections, the Bureau of the Treasury (BTr) said on Monday. In a notice on its website, the BTr said it seeks to […]
December 23, 2024
IMF: Monetary policy must be calibrated to account for severe shocks
ATTENDANTS refuel vehicles at a gas station along East Avenue, Quezon City, Dec. 9, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE PHILIPPINES’ monetary policy may need to be calibrated to integrate increasingly drastic supply shocks, the International Monetary Fund (IMF) said. “Looking ahead, monetary policy may need to adjust to more frequent and severe supply-side […]
December 23, 2024
External debt service up by 17% at end-Sept.
REUTERS/DADO RUVIC/ILLUSTRATION THE PHILIPPINES’ external debt service burden increased by an annual 17% as of end-September due to a rise in both interest and principal payments, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Debt servicing on external borrowings climbed by 16.8% to $12.85 billion in the first nine months from $11 billion […]
December 23, 2024
Powering the holidays
From left: Living up to the Christmas spirit of giving, Kevin Roi Canubas, Grid Manager at the Cayanga-Bugallon solar plant, is driven in work by his desire to make a meaningful impact to the environment and to her daughter’s future. Cheryl Leine G. Asuero, Systems Operation Engineer for distribution utility Davao Light, recognizes the importance […]
December 23, 2024
Santa Claus was inspired by a real figure who fought against miscarriages of justice
1 of 2 SANTA CLAUS is based on the real historical figure of St. Nicholas, a Byzantine bishop born in present-day Turkey. Because of the extraordinary legends and miracles attributed to him he became one of the most popular saints in Europe. Dutch migrants probably spread his fame to the US and there the patron […]
December 23, 2024
PBBM sets farmers free from years of agrarian debt
On Nov. 22, President Ferdinand R. Marcos, Jr. granted Certificates of Condonation with Release of Mortgage (COCROM) and Certificates of Land Ownership Award (CLOA) to Agrarian Reform Beneficiaries (ARBs) in Isabela Province. Granting of COCROMs liberated beneficiaries from over P1 billion in debts comprising amortization, interest, and surcharges. The President assured farmers of the government’s […]
December 23, 2024
Rustan’s holds End of Season Sale
RUSTAN’S End of Season Sale returns on Dec. 26. Whether checking off last-minute Christmas gift list items or rewarding themselves after a whirlwind year, this is a chance for customers to indulge in retail therapy, discover luxurious finds, and score discounts of up to 50%. What’s more, FSP members can earn five times the FSP […]
December 23, 2024
San Jose activates solar plant in Nueva Ecija
PHILSTAR FILE PHOTO YUCHENGCO-LED San Jose Green Energy Corp. has switched on a 19.6-megawatt-peak (MWp) solar power plant in Nueva Ecija, adding power to the Luzon grid. The solar facility is expected to generate about 29 gigawatt-hours of electricity per year, the company said in a statement on Monday. Mobilization of project contractors started in […]
December 23, 2024
Old Navy’s End of Season Sale with up to 50% off
OLD NAVY is kicking off the year with its End of Season Sale, offering discounts of up to 50% off storewide. From Dec. 26 to Feb. 9, shoppers can enjoy savings on a wide range of men’s, women’s, kids’, and baby apparel, both in-store and online. The sale features exclusive deals on denim, outerwear, and […]
December 23, 2024
DoE sees about 300 participants in Renewable Energy Market
FREEPIK ALMOST 300 entities are expected to participate in the Philippines’ Renewable Energy Market (REM), which is expected to become fully operational on Dec. 26, the Department of Energy (DoE) said on Monday. “The full commercial operation of the REM is pivotal in advancing the country’s clean energy transition,” Energy Secretary Raphael P.M. Lotilla said in […]
December 23, 2024
Necessary cuts in the 2025 budget; Argentina’s fiscal reforms
The big public backlash against the proposed budget for 2025 was triggered by the big reductions made this month by the Bicameral Conference Committee from the proposed budget submitted last August: that of the Department of Social Welfare and Development (DSWD) was reduced by nearly P100 billion (its Ayuda sa Kapos Ang Kita Program or […]
