House Speaker Pantaleon Alvarez says he was just joking when he said in a speech on Thursday during the oath-taking ceremony for local politicians who joined the PDP-Laban that lawmakers who refused to back the administration's federalism initiative would get "zero budget".
Pantaleon Alvarez is the only House Speaker who has dared undermine the Senate as the House’s co-equal in a bicameral Congress, when he recently advanced the notion that one senator is no more than one congressman.
The central bank is reviewing the single borrower’s limit (SBL) imposed on banks to provide leeway for infrastructure financing, an official said, which is seen to support the government’s massive spending program.
The Philippine Stock Exchange (PSE) assured the government it is working to comply with ownership rules, with state-run Land Bank of the Philippines (Landbank) set to compete with the stock market operator for the acquisition of a majority stake in the Philippine Dealing System Holdings Corp. (PDS).
Aviation services provider MIASCOR said it would appeal to President Rodrigo Duterte “to kindly reconsider his position” after the Manila International Airport Authority terminated its contract over the luggage theft involving the firm’s employees at Clark International Airport.
The Philippines' excessive reliance on imported coal is one of the main reasons it has the highest electricity price in ASEAN. Natural gas, solar, wind, run of river hydro, geothermal, and biogas are attractive domestic options that can be combined to create a cheaper, more diverse, and secure energy system in this country.
In Makati City's La Fuerza compound, Kwago "Chief Librarian" Czyka Tumaliuan is hoping to indulge bibliophiles by providing highly curated used and new books in an independent book bar she's putting up.
Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail.