Latest news with #P50
GMA Network
a day ago
- Business
- GMA Network
Alliance Global sets P59-B capex for 2025
Alliance Global Group Inc. (AGI) has earmarked P59 billion for its capital spending this year, which the company will use to finance landmark projects and expansions. According to AGI, bulk or P50 billion of the capital expenditure will go to Megaworld Corp., which earlier announced plans to expand with at least two more townships in growth areas in Luzon and Visayas this year. Megaworld also plans to increase its gross leasable area (GLA) by 139,000 square meters with offices in Bacolod, Bulacan, Davao, Iloilo, and Pampanga, on top of 151,000 square meters of additional leasable area in malls in Boracay, Bacolod, Pampanga, Cavite, Rizal, and Metro Manila. It will also add around 3,600 hotel room keys in Metro Manila, Pampanga, Palawan, Bacolod, Iloilo, and Boracay, with plans to increase its MICE venues. Another P5 billion will be used to finance the ongoing expansion projects of Travellers International, specifically the development of The Narra Palm Hotel and Villa in the Newport World Resorts complex, which will have 157 hotel suites and villas. 'We believe there exist a lot of opportunities here and across the globe where our business can grow, especially in the areas of consumer, real estate, leisure, and tourism spaces where we have built-in competitive advantages,' AGI chief executive officer and president Kevin Tan said in a statement. 'Our capital investments are expected to continue to focus on market expansions and strengthening our operational capacities,' he added. — VBL, GMA Integrated News
GMA Network
3 days ago
- General
- GMA Network
20 unwed mothers, 23 children arrive in PH from Dubai
20 unwed mothers kasama ang kanilang mga anak, at 10 OFWs galing Dubai, nakauwi na ng Pilipinas. | via @bernadettereyes — DZBB Super Radyo (@dzbb) June 17, 2025 Twenty unwed Filipino mothers and their 23 children arrived Tuesday in the Philippines from Dubai amid escalating tensions in the Middle East, according to Bernadette Reyes' report on Super Radyo dzBB. Also with them were 10 overseas Filipino workers (OFWs) who were supposed to go to Jordan to work as domestic workers. They will reportedly be given financial assistance amounting to P50,000 each as well as reintegration and livelihood assistance. Meanwhile, around 150 OFWs must be repatriated from Israel. The Department of Migrant Workers (DMW) and the Overseas Workers Welfare Administration are now Coordinating with the Department of Foreign Affairs to secure their safe repatriation. The DMW said that OFWs who wish to return to the country may reach out to hotline 1348. — Joahna Lei Casilao/RSJ, GMA Integrated News
GMA Network
05-06-2025
- General
- GMA Network
Rescuers take hours to free teen's arm from canal grating in Cebu City
It took rescuers five hours to free a teenager whose arm got stuck in a canal cover in Barangay Santo Niño, Cebu City. According to Alan Domingo's Thursday report on '24 Oras,' the 15-year-old was trying to retrieve some coins from the sewer on Plaridel Street. The rescuers first tried using a reciprocating saw, but had to look for another option after five blades broke on the sturdy grill. The boy's arm, meanwhile, had swollen from being stuck for so long. 'Sobra ang pagkakaipit na kung gagamitan naming ng power tools, natatakot kami na baka mas lalong maiipit [His arm was stuck so tight that we were afraid of using power tools, because he might get even more stuck],' Fire Officer 3 James Formentera said in Bisaya. Finally, after working on the cover with a hydraulic cutter and handheld saws, the rescuers were finally able to extricate the boy. He was brought to the hospital and is now in good condition. The teenager was among those called 'kawkaw,' who make a living by retrieving coins from canals. He said he had been able to retrieve about P50 worth of coins. — Mariel Celine Serquiña/BM, GMA Integrated News
GMA Network
04-06-2025
- Automotive
- GMA Network
3 auto shops raided in Davao for illegal importation, rebuilding of right-hand vehicles
Authorities raided three auto surplus shops in Davao City for allegedly illegally importing and rebuilding right-hand-drive vehicles. In a statement on Wednesday, the Land Transportation Office (LTO) said initial investigation revealed the surplus shops are not accredited to import, rebuild, or deal in right-hand drive motor vehicles. LTO said it found employees engaged in rebuilding right-hand drive motor vehicles in the backyard of their premises. 'This is part of our sustained operations since the raid we conducted in Quezon City last month against these kinds of illegal activities. We are conducting an investigation and charges will be filed,' LTO chief Vigor Mendoza II said. 'The importation of right-hand drive motor vehicles is also illegal itself,' he added, citing Republic Act 8506, which has a penalty of imprisonment and a fine of P50,000. The law states that, 'It shall be unlawful for any person to import, cause the importation of, register, cause the registration of, use, or operate any vehicle with its steering wheel right-hand side thereof in any highway, street or road, whether private or public or of the national or local government.' During the raid on May 21, authorities also impounded about 45 right-hand drive vehicles from the said surplus shops.—Mariel Celine Serquiña/RF, GMA Integrated News
GMA Network
23-05-2025
- GMA Network
SCTEX crash victims' kin seek P130M in damages from bus firm — DOTr
Kin of the deceased victims in the multi-vehicle smashup at the Subic-Clark-Tarlac Expressway (SCTEX) have filed civil cases against the Solid North bus company, seeking a total of P130 million in damages, the Department of Transportation (DOTr) said Friday. Transport Secretary Vince Dizon personally joined the family of Jonjon and Daina Janica Alinas in filing a civil case at Quezon City Hall of Justice. "P50 milyong danyos ang hinihingi ng pamilya para sa pagkamatay ng mga biktima, pati na para sa loss of income at moral and exemplary damages," the DOTr said in a statement. (The family is seeking P50 million in damages for the deaths of the victims, as well as for loss of income as well as moral and exemplary damages.) Other families of the deceased victims also filed a civil case in an Antipolo City court. "Nagsampa rin ng civil case ang mga pamilya ng iba pang mga biktima ng SCTEX road crash sa korte sa Antipolo City, kung saan P80 milyong danyos naman ang hinihingi ng mga pamilya," the DOTr said. (The families of other victims in the SCTEX road crash also filed a civil case in a court in Antipolo City, where the families are seeking P80 million in damages," the DOTr said. Ten people including four children were killed while more than 37 others were injured in the May 1 multiple-vehicle collision at the Tarlac City toll plaza of the expressway. The bus driver involved in the crash tested negative for illegal drugs and alcohol, the Tarlac City Police Station said. Earlier this month, operations of the Pangasinan Solid North Transit Inc. were suspended for 30 days following the fatal incident. In a statement issued following the suspension order, the company said it halted operations in compliance with the directive from the DOTr. It added that "some uncontrollable factors get even the best of us," leading to the "isolated case." "We understand the severity of the situation, and we will be responsible and accountable for it," the company had said. GMA News Online has reached out to Pangasinan Solid North regarding the filing of the civil cases, but it has yet to respond as of posting time. — VDV, GMA Integrated News
