January 26, 2020 - Sunday
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Davao City, Philippines

Business

Marsman Estate, ARBs ink industry record’ lease agreement

MANILA -- Marsman Estate Plantation Inc. (MEPI) and more than 600 agrarian reform beneficiaries (ARBs) have signed an 80 percent increase in the annual lease package of the landholding making it P90,000 per hectare per year, inclusive of production incentive -- by far the highest on record in the country’s agrari ...

WIN-WIN. Marsman Estate Plantation Inc. and more than 600 agrarian reform beneficiaries (ARBs) have signed an 80 percent increase in the annual lease ...

PNA | 1 day ago

Business

CIDG nabs alleged maker of fake money, documents

CAGAYAN DE ORO CITY – A suspected counterfeiter of Philippine peso bills and various documents was arrested by the Criminal Investigation and Detection Group (CIDG) in a raid here early Thursday. CIDG identified the suspect as Edgar dela Cerna, who allegedly also goes by the aliases Robert dela Cerna, Tata, and E ...

BUSTED. Elements of the Criminal Investigation and Detection Group in Misamis Oriental unit check the equipment and items confiscated from a person su ...

PNA | 1 day ago

Business

Davao Region's model rice farms identified

DAVAO CITY -- The Department of Agriculture in Davao Region (DA-11) has identified rice model farms where farmers within the area can learn, apply technologies, and avail of services that would raise their productivity. DA-11 director Ricardo Oñate Jr. said the areas with organized and operational cooperatives a ...

SELL RICE, NOT PALAY. Department of Agriculture-Region 11 director Ricardo Oñate Jr. (left) says he looks forward to the time when farmers will sell ...

PNA | 1 day ago

Business

P85.84B tourism income for Davao

The city government generated P85.84 billion in tourism receipts, with over 2.5 million tourist arrivals in the city for 2019. City Tourism and Operations Office (CTOO) head Gene Rose Tecson said tourism is one of the top income generating sectors of the city. “It can be recalled that there are a lot of big events in th ...

Davao City Tourism

Funny Pearl A. Gajunera | 1 day ago

Business

Stocks retreat as China steps up virus response

London, United Kingdom | AFP | - Investor nerves over the spread of a deadly new virus from China hammered Asian equities and oil benchmarks on Thursday, as authorities moved to contain the disease, while losses for European stock markets were less sharp awaiting the outcome of an ECB interest-rates meeting. ...

Agence France Presse | 1 day ago

Business

Wuhan virus compounds Hong Kong's economic woes

Hong Kong, China | AFP | - The emergence of a SARS-like virus in China is the last thing Hong Kong's struggling economy needs, analysts say, as the city reels from the twin storms of the global trade war and months of political unrest. The semi-autonomous financial hub is currently on high alert ...

Agence France Presse | 1 day ago

Business

Pay hike for Soccsksargen workers takes effect next month

GENERAL SANTOS CITY -- The initial P15 installment of the two-tranche P25 wage increase for private workers in Soccsksargen will take effect starting February 2, an official said Wednesday. Sisinio Cano, Department of Labor and Employment (DOLE)-Region 12 director, said Wage Order No. RBXII-21 will be deemed officially ...

Starting February 2, minimum wage workers in SOCCSKSARGEN Region shall receive P15/day increase in wages. P10/day will be added to this effective May ...

MDM | 2 days ago

Business

Iraq bank to 'stop' Iran gas payment transfers if US waiver ends

Baghdad, Iraq | AFP | - The bank through which Iraq pays for Iranian gas imports to power its grids said Tuesday it would stop processing payments if a crucial US sanctions exemption expires next month. "We'll stop. As simple as that," the head of Trade Bank of Iraq (TBI) Faisal al-Hai ...

Agence France Presse | 2 days ago

Business

Hyundai's December 2019 sales in PH up 2.9%

MANILA -- Korean car assembler Hyundai grew its sales in the Philippine market by 2.9 percent year-on-year in December 2019, its official distributor here Hyundai Asia Resources, Inc. (HARI) reported Wednesday. HARI sold a total of 3,163 units in December 2019 from 3,074-unit sales in the same month ...

Hyundai Asia Resources, Inc. (HARI) President and Chief Executive Officer Ma. Fe Perez-Agudo (Photo courtesy of HARI)

PNA | 2 days ago

Business

P202M infra proposals to boost tourism in Caraga

BUTUAN CITY – The Department of Tourism in the Caraga Region (DOT-13) said on Wednesday proposals to develop more tourism sites in various provinces would further boost the tourism industry in the area. DOT-13 OIC director Mary Jean Camarin told reporters that they have received the infrastructure proposals for t ...

MORE TOURISM PROJECTS. Department of Tourism-Caraga OIC director May Jean Camarin enumerates to local reporters on Wednesday (January 22) the infrastr ...

PNA | 2 days ago