LRT-1 operations to be suspended for 2 weekends LIGHT Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), announced on Tuesday that it would suspend train operations for two weekends in April to continue its maintenance works. "The shutdown on April 17-18 and April 24-25, 2021 will allow LRMC to complete the remaining maintenance and ...
PHILIPPINE STAR/ KRIZ JOHN ROSALES PRESIDENT Rodrigo R. Duterte will not certify as urgent the proposed third stimulus law, and will instead work to identify sources of stimulus funds that will not bust the 8.9% budget deficit cap, his spokesman said. "Ang ginagamit natin ngayon ay ang ating budget for 2021 (All we can use now is the 2021 budget)," ...
PHILSTAR SPEAKER Lord Allan Jay Q. Velasco said economic managers are studying how to fund the proposed third stimulus package designed to revive the economy. In a statement Tuesday, Mr. Velasco said following a meeting with the Department of Budget and Management and the Department of Finance last week that both departments are looking into possible funding sources for the ...
REUTERS INQUIRIES from British companies have increased in the past six weeks mainly from meat and machinery companies, British Chamber of Commerce of the Philippines Executive Director Chris Nelson said. "We've had more inquiries in the last month to six weeks than we've had for a while," he told ANC Tuesday. He said that the increased interest was in part ...
PHILSTAR AN ANIMAL disease research center will be established in Nueva Ecija to improve surveillance and of diseases likely to cross borders, such as African Swine Fever (ASF). Agriculture Secretary William D. Dar signed Memorandum Circular No. 5 on April 8 authorizing the center's establishment. He said that the center will serve as the repository for animal vaccines and other ...
PHILSTAR ASIA-PACIFIC economies including the Philippines will experience a sluggish recovery in "contact-intensive" industries due to the continued surge in coronavirus infections, according to the International Monetary Fund (IMF). "Growth in the ASEAN economies has been marked down to 4.5% given still high COVID-19 caseloads in Indonesia, Malaysia, and the Philippines, which will slow the pace of normalization in contact-intensive ...
THE DEPARTMENT of Energy (DoE) said Tuesday that commercial renewable energy (RE) market operations for off-grid areas remain suspended. The renewable energy market allows for the trade of renewable energy certificates, which attest to the renewable and environmental attributes of power sourced from qualified RE firms. The Renewable Portfolio Standards (RPS) program requires distribution utilities to source an agreed portion ...
THE Mindanao Development Authority (MinDA) asked the government to allocate the southern islands at least 20% of the national budget next year to support agriculture and aquaculture projects which will improve livelihoods. At a hearing conducted by the House Committee on Mindanao Affairs, MinDA Undersecretary Romeo M. Montenegro said the agency hopes for increased National Government investment in Mindanao, especially ...
A LANDSAT 7 image of Scarborough Shoal in the West Philippine Sea. -- WIKIPEDIA Once again, the enigmatic and massive presence of Chinese fishing vessels that are believed to be manned by Chinese maritime militia are in the Philippine Economic Exclusive Zone (EEZ), particularly in the Julian Felipe Reef (Whitsun Reef), in another swarming maneuver that is part of China's ...
JCOMP-FREEPIK (Second of three parts) Economic prospects for 2021 look bleaker by the day as COVID-19 cases are rising and our Government can't seem to get their act together in effectively distributing the vaccines available and managing more expertly the necessary balance between public health and the economy. In my own economic forecast, the Philippines shall continue to see paralyzing ...