Power demand is now showing signs of improvement, an indication of the country’s continued economic recovery amid the coronavirus disease 2019 (Covid-19) pandemic, a top official of Aboitiz Power Corp. said on Monday. “Power is picking up this year coming from a lean demand last year due to the pandemic,” company executive vice president and chief operating officer Jaime Jose Aboitiz said during a virtual briefing with the Cebu press. Aboitiz attributed the increasing energy demand to the easing of quarantine restrictions, which he hopes would be sustained moving forward as the country’s economy continues to recover. In particular, he
Recognizing the role of the youth in digital consumerism under the new normal, the Department of Trade and Industry (DTI)-Cebu office on Monday launched an electronic comics contest for the young artists in the province. “Calling the attention of all aspiring youth comic artists in Cebu! Join the DTI-Cebu’s e-comics contest and get a chance to win PHP60,000 worth of gift certificates,” a statement posted on DTI-Cebu social media page said. DTI-Cebu director Rose Mae Quiñanola said the contest is in line with the 2021 Consumer Welfare Month celebration in October that carries the theme “Digital Consumers in the New
Police arrested two suspected gunrunners in the cities of Taguig and Mandaluyong last week and seized from them several high-powered firearms. Southern Police District (SPD) director Brig. Gen. Jimili Macaraeg identified the suspects as Nichol John Jerusalem, 30 and Bruce de Leon, 32 who were respectively arrested on Sept. 16 and 17. Jerusalem was arrested at Barangay Katuparan, Taguig City at around 8:20 p.m. after a poseur-buyer purchased an assault rifle and grenade launcher worth PHP180,000. Seized from him were several assault rifles, a shotgun, a grenade launcher, ammunition and grenades. De Leon, Jerusalem’s cohort evaded arrest but was eventually
The continued strong demand for the treasury bills (T-bills) resulted in sideways movement of their interest rates on Monday. The average rate of the 91-day paper stood at 1.070 percent, the 182-day at 1.389 percent, and the 364-day at 1.597 percent. These were at 1.079 percent, 1.402 percent, and 1.604 percent for the three-month, six-month, and one-year paper during the auction last Sept. 13. The Bureau of the Treasury (BTr) offered all tenors for PHP5 billion each and these were oversubscribed across-the-board. Total bids for the three-month paper reached PHP21.62 billion while it amounted to PHP26.47 billion for the six-month
Three programs of the Quezon City government that address the needs of constituents amid the coronavirus disease 2019 (Covid-19) pandemic are among the 22 finalists for the Galing Pook Awards 2021. Other notable finalists from 280 entries submitted by local government units (LGUs) nationwide are the Manila Innovative and Inclusive Covid-19 Response; Go Bike Project of Bugallon, Pangasinan; and the Call DDoc: Your Virtual Doctor of Davao de Oro. The Galing Pook Awards, launched in 1993, gives recognition to outstanding LGU programs that show innovation and excellence in local governance. The programs must have involved or engaged processes within an
Excise tax collections of the Bureau of Internal Revenue (BIR) from cigarettes rose by 31 percent to PHP83 billion in the first seven months of 2021 compared with the PHP63 billion collected during the same period last year. An analysis done by the Department of Finance (DOF) based on data from the BIR shows that Philip Morris Fortune Tobacco Co. Inc. (PMFTC) remained the top cigarette manufacturer with excise tax payments amounting to PHP42.04 billion from Jan. 1 to July 31, which is 6.9 percent more than the PHP39.3 billion it paid during the same period last year. In her
