DOST sets aside P41.57M for yarn center in Iloilo

THE first micro-scale yarn spinning facility in the country will be launched soon after the Department of Science of Technology (DOST VI) and the Iloilo Science and Technology University (ISAT-U), DOST-Philippine Textile Research Institute, the local government of Miagao, Iloilo; and GREAT Women signed an agreement on the Establishment of Regional Yarn Production and Innovation Center (RYPIC) […]

Cebu Pacific solidifies Australia presence with strong performance of new Melbourne route

THE Philippines’ largest carrier, Cebu Pacific (CEB) continues to grow its presence in Australia, on the back of improved bookings following the launch of its Melbourne route in August 2018. As of November 2018, data from Australia’s Bureau of Infrastructure, Transport and Regional Economics (BITRE) showed that Cebu Pacific alone flew a total of 18,971 […]

GBP cited for exemplary compliance

GLOBAL Business Power (GBP), a subsidiary Panay Energy Development Corporation (PEDC), has been cited by the Philippine Electricity Market Corp. (PEMC) for its exemplary compliance with market rules. Panay Energy Development Corporation, which has a combined gross capacity of 314 MW, has been named by PEMC as among the ten generating companies with the least […]

The Millennial State of Ownership

By: Mikee Canaman Over the years of study, the dividing lines between generations are becoming more refined suggesting a clear understanding of the characters and behaviours of each age group. The intervention of technology played a factor in this division, with millennials being the most studied and talked about. Having been the first generation in […]

DOT urges support for WV’s weaving industry

THE Department of Tourism (DOT) in Region 6 plans to partner with Local Government Units (LGUs) to empower the local weaving industry in Negros Occidental. This commitment was firmed up during the successful conduct of the Hinablon: an exhibit on Philippine Contemporary Textiles at Nature’s Village Resort, Talisay City, Negros Occidental on February 18, 2019. […]

SSS Media Advisory

THE Social Security System (SSS) has extended the payment deadline for contributions payment for employers and individual members for the period of January to June 2019. The new payment schedule allows regular employers (ERs) and household employers (HRs) who are paying contributions monthly, can pay their obligations until the end of the following month. For […]

AboitizPower posts 6% income growth to P21.7 billion in 2018

FOR 2018, AboitizPower recorded a net income of P21.7 billion, 6% higher than the P20.4 billion recorded in the previous year. Non-recurring losses of P2.1 billion were recognized, without which, core net income for 2018 was P23.8 billion, 2% higher YoY (year-on-year). AboitizPower recorded consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) of P51.5 […]