THE PHILIPPINES edged up just a notch on IMD business school’s annual world digital competitiveness index after last year’s 10-place drop, but it remained third to the last among Asia-Pacific economies covered. The Philippines placed 55th overall out of 63 economies, but stayed 12th out of 14 in Asia and the Pacific, ahead again of Indonesia and Mongolia in the region....
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TO BOOST the country’s renewable energy (RE) sector, the Department of Energy (DOE) is looking into floating solar energy to complement the existing natural sources. Energy Secretary Alfonso Cusi said several pilot programs on floating solar energy were launched to increase efforts of the country to attain its goal of energy security. “It is still in its pilot stages in our count...
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THE Iloilo Provincial Government is upgrading its preparation and response during disasters. Governor Arthur Defensor Jr. called a meeting with the department heads of the concerned offices such as the Provincial Disaster Risk Reduction and Management Office (PDRRMO), Provincial Social Welfare and Development Office (PSWDO), Provincial Health Office (PHO), Provincial Engineer’s Office (PE...
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THE Metropolitan Bank & Trust Co. (Metrobank) was recognized in the Peso Medium-Term Bond Category of the Best Managed Funds of the Year Awards by the Chartered Financial Analyst (CFA) Society of the Philippines. Metrobank bested almost 90 funds from 16 competing investment houses and trust institutions that joined the search. The bank was commended for its Metro Max-3 Bond Fund, a peso-...
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MASS housing developer 8990 Holdings, Inc. expects to generate P3 billion in recurring revenue from its venture into the luxury hotel business. In a statement issued Wednesday, the listed property developer said it has 10 new hotels and resorts in the pipeline until 2023. The projects will be undertaken by its newest subsidiary, 8990 Leisure and Resorts. The newly formed unit’s first d...
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THE P400-million seven-story multi-purpose Legislative Parking Building will have a foot bridge connected to city hall for easy access to clients. Iloilo City Mayor Jerry Treñas said the project’s funding is included in the supplemental budget with approval of the city council. He wants to fast-track construction works set to start by yearend. The two floors will host the cit...
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