Connect with us

Hi, what are you looking for?

Economy

Regional Updates (12/08/20)

MRT-3 starts running at 60 kph

THE Metro Rail Transit Line 3 (MRT-3) further increased its speed to 60 kilometers per hour (kph) starting Dec. 1, reducing the average time between trains to four minutes from the previous five minutes at 50kph, the Transportation department said on Tuesday. “The improvement in train speed is a result of rail replacement works in the rail line, as part of the MRT-3’s massive rehabilitation program, which is being implemented by its maintenance provider Sumitomo-Mitsubishi Heavy Industries from Japan,” the department said in a statement. MRT-3 currently operates 20 trains per day. The department said travel time from the North Avenue station to Taft Avenue will now take 50 minutes from the previous one hour and 15 minutes. MRT-3 Director for Operations Michael J. Capati said, “The increase in train speed will provide our passengers a safer, faster and more reliable public transportation… This is a significant accomplishment for the Department of Transportation.” — Arjay L. Balinbin 

Tourism losses in Davao Region estimated at P4B

THE Davao Region tourism industry’s losses due to coronavirus-prompted restrictions is estimated at about P4 billion, a Department of Tourism (DoT) official said. DoT Regional Director Tanya Rabat-Tan said the closing of borders, airports, and hotels as well as limitations on mass gatherings, land travel and related services have affected about 1,750 tourism-related establishments and some 26,000 workers. Ms. Tan said they are continuously working on the cash assistance distribution for affected establishments and workers. She also called on other potential beneficiaries to avail of the aid under the government’s expanded response program. “Once again, all DoT primary and secondary tourism establishments can avail,” she said, including those without accreditation from the department but licensed under the local government. Aside from hotels and other accommodations, Ms. Tan said the program is open to “travel and tour agencies and transport operators exclusively serving tourist land transport, sea transport, and air transport. Other primary tourism enterprises include MICE (meetings, incentives, conferences, and exhibitions) organizers, MICE facilities, adventure sports and eco-tourism facilities and tourism frontliners and trainers.” The DoT official said the regional office’s priority next year will be promoting community-based tourism sites, farm tourism, and “MICE as it will always be a strong product of the region.” She added that they will be pushing for local and intra-regional travels. — Maya M. Padillo

Agriculture department earmarks P454M for Cebu

THE Department of Agriculture has allocated P454 million in its 2021 budget for Cebu province. Agriculture Secretary William D. Dar, in his visit to Cebu on Monday, said next year’s fund for the province is 5.3% higher than this year’s P431 million. “Among those who will receive this assistance include our sugarcane farmers, coconut farmers, our fishers, and other marginal farmers,” he said. Mr. Dar also turned over several projects to Cebu farmers such as a biogas digester and farm animals, a coconut hub, 90 units of fiber boats, and a processing center for sisal fiber, among others. He also signed the release of indemnity checks to farmers covered by the Philippine Crop Insurance Corp. and gave certificates of commitment for the establishment of an urban-agriculture community garden, monolithic dome, and food security program. Meanwhile, Mr. Dar said almost 900,000 marginal farmers and fisherfolk across the country will benefit from the department’s P4.5 billion cash and food assistance initiative funded by Republic Act No. 11494 or the Bayanihan to Recover as One Act. He said eligible farmers who are listed in the Registry System for Basic Sectors in Agriculture will receive P5,000 worth of assistance consisting of cash and food. Beneficiaries can claim the cash aid at payout centers accredited by the Development Bank of the Philippines using an electronic voucher, while the food subsidy can be availed at accredited cooperatives. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

MORE than half of students in the Philippines consider temporarily dropping out of school until the coronavirus pandemic ends mainly due to difficulties in...

Economy

The Public Works department has ramped up the completion of projects such as the Sta. Monica-Lawton Bridge also known as the Kalayaan Bridge. —...

Economy

THE BUREAU of the Treasury (BTr) raised its planned borrowings from the local market to P235 billion in July, as it seeks to offer...

Economy

By Jenina P. Ibañez, Reporter MANILA is the 78th most expensive city for expatriates to live in according to Mercer’s 2021 Cost of Living...

Economy

LOCAL GOVERNMENT UNITS (LGUs) could boost their real property tax (RPT) collection by P113.4 billion with the implementation of a project that will digitize...

Economy

THE Department of Energy (DoE) has ordered National Grid Corp. of the Philippines (NGCP) to speed up the acquisition of the required ancillary services...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!