Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan

  • Financial results expected to be below guidance, driven largely by actions at Transportation to resolve challenging projects
  • Aviation financial results largely on track
  • Company actively pursuing strategic options to accelerate deleveraging
  • Bombardier reassessing future participation in Airbus Canada Limited Partnership

All amounts in this press …

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BIR-CAR surpasses 2019 collection target by 5.3%

The Bureau of Internal Revenue-Cordillera Administrative Region (BIR-CAR) has surpassed its 2019 collection target by 5.3 percent, exceeding the collection by PHP326 million, an official said on Thursday.

The region's collection is PHP6,437,149,712 as against the PHP6,110,505,000 target.

The collection also posted a 17.29-percent increase …

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Palace to Kuwait: Honor pact on OFW’s protection

The total deployment ban of Filipino workers in Kuwait stays unless its government honors a pact signed to guarantee their protection, MalacaAang said on Thursday.

Presidential Spokesperson Salvador Panelo made this remark after the Philippine Overseas Employment Administration (POEA) approved a resolution imposing a total …

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Mt. Kanlaon alert status normal: Phivolcs

The alert status of Mt. Kanlaon in Negros Island, one of the active volcanoes in the country, remains normal despite reported volcanic quakes, the Philippine Institute of Volcanology and Seismology (Phivolcs) has said.

The information was relayed by Negros Occidental Provincial Disaster Management Program Division …

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PCOO to launch ‘Duterte Legacy’ Jan. 17

The Presidential Communications Operations Office (PCOO) will launch a communications campaign on the accomplishments of the Duterte administration in its landmark programs and projects for the past three years, focusing on various narratives from its beneficiaries.

This in line with the department's bid to raise …

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DPWH Region 8 stops 4 infra projects

- The Department of Public Works and Highways (DPWH) regional office here has terminated four roads and bridges projects in Eastern Visayas due to the contractors' failure to complete the work within the timetable.

These projects are the PHP150.39 million paving of San Antonio Circumferential …

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Bacoor reclamation projects draw support

The proposed 420-hectare reclamation projects in Bacoor City earned overwhelming support from directly-impacted stakeholders during the public hearing conducted by the Environmental Management Bureau (EMB) of the Department of Environment and Natural Resources (DENR) on Jan. 9, which is part of the Environmental Impact Assessment …

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Troops rescue Abu Sayyaf’s last captive

Government troops rescued an Indonesian fisherman, the last captive of the Abu Sayyaf Group (ASG) in the province of Sulu, a top military official said Thursday.

Lt. Gen. Cirilito Sobejana, Western Mindanao Command (Westmincom) chief, identified the rescued Indonesian fisherman as Muhammad Farhan, 27, who …

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4K elderly in Pangasinan get social pension

Some 4,027 indigent senior citizens here received their social pension for this year from the national government.

In a radio interview Thursday, San Carlos City Social Welfare and Development Officer Jesusa Viduya said they started distributing the PHP6,500 social pension during the first week of …

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TESDA to give scholarships to repatriated OFWs

The Technical Education and Skills Development Authority (TESDA) is ready to assist and provide scholarships to repatriated overseas Filipino workers (OFWs) from the Middle East, Secretary Isidro LapeAa confirmed on Thursday.

"TESDA is ready for the possible, untimely return of OFWs, numbering to thousands as …

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Pangasinenses celebrate National Bible Month

The local government units (LGUs) in the towns and cities of Pangasinan and other non-government organizations in the province have lined up different activities to celebrate the National Bible Month this January.

Myra Jalique, evangelist and Christian musical artists, aid some groups will distribute Bibles …

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PDEA, police nab 3 drug suspects in NoCot

Anti-narcotics agents arrested three drug personalities on the drug watch list of the Philippine Drug Enforcement Agency (PDEA) in separate law enforcement operations on Wednesday.

PDEA-12 director Naravy Duquiatan a buy-bust with the Pikit municipal police office collared Joland dela Cerna, a target-listed personality at …

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US, China sign initial trade deal

The United States and China signed the "phase one" of a trade deal Wednesday that marks a major milestone in the more than two-year trade war between the world's top two economies.

The agreement was signed by US President Donald Trump and Chinese Vice Premier …

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