Ted Cordero
@Ted_Cordero
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Journalist | Covering business and economy for @gmanews | Send pitches, tips, scoops to john.cordero @gmanews .tv
Joined June 2012
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Jollibee Group announces it will vaccinate all its employees in the Philippines for free.
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National Statistician Claire Dennis Mapa said that “[t]he Philippine Statistics Authority stands by its report” after President Ferdinand Marcos Jr. said he disagrees with the 6.1% June inflation print reported by the PSA earlier.
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San Miguel is no longer pursuing its earlier plan to build the Pasig River Expressway Project, says Ramon Ang.
“Narinig niyo na ba na tinuloy ko? Hindi na… We are very sensitive to the opinion of the public,” Ang said.
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Purchasing power of the Philippine peso declined since 2018 due to inflation, says PSA chief Claire Dennis Mapa. He said that P1 in 2018 is equivalent to only 86 centavos in July 2022.
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LOOK: Jollibee unveils the look of its store in Puerta del Sol in Madrid. This is the home-grown fast-food giant’s first restaurant in Spain.
Jollibee Madrid branch is set to open on September 23.
@gmanews
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An administrative complaint was filed against Quiboloy-led SMNI over its interview with convicted kidnapper, retired Army General Jovito Palparan.
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JUST IN: The Philippine economy as measured by gross domestic product (GDP) grew faster by 5.9% in the third quarter of 2023, higher than the 4.3% growth seen in the second quarter of 2023.
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The vaccination program covers employees from Jollibee, Chowking, Mang Inasal, Greenwich, Burger King, Red Ribbon, Panda Express, PHO24, commissaries, distribution centers, support functions, and the Jollibee Group Foundation.
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JUST IN: The number of unemployed Filipinos grew to 2.26 million in September, higher than the 2.21 million jobless recorded in August.
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LOOK: Long lines greeted the opening of Jollibee’s first store in Spain. The store is located at Puerta del Sol square along Calle Arenal - one of Madrid’s busiest thoroughfares.
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This, however, was slower than the 7.7% GDP growth rate recorded in the same quarter last year.
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LOOK: Long queueing greet Jollibee’s opening of Europe flagship store in London’s West End.
@gmanews
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BIR denies GMA News Online’s Freedom of Information request seeking for a copy of the demand letter sent to Marcos heirs in relation to their unsettled estate tax as ordered by the Supreme Court, tagging the request as “sensitive personal information.”
@gmanews
@gmanewsbreaking
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Ex-Manila port chief, who was fired over the 500 kilos of shabu shipment last year, is now back at the Bureau of Customs as deputy commissioner. Two other retired generals also appointed as deputy commissioners.
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LOOK: Jollibee opens a mobile kitchen in Ontario and a new store in Winnipeg, Canada.
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Over 30 transport and commuter groups expressed support for the tandem of Vice President Leni Robredo and Senator Kiko Pangilinan.
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JUST IN: The Bangko Sentral ng Pilipinas orders Lyka to stop operations.
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BPI’s microfinance arm BanKo eyes to end 2019 with additional 100 branches, growing its branch network to 300 this year.
@gmanews
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Sought for comment, SMNI president Marion Rosete said, “It’s none of your business.”
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READ: In a letter to Infrawatch PH, the Securities and Exchange Commission cautioned the public not to invest in cryptocurrency platform Binance as it is not registered in the Philippines.
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Coca-Cola Beverages Philippines Inc.—the local bottling arm of Coca-Cola and one of the major employers in the country— announces its free comprehensive COVID-19 vaccination program for its 10,000 associates and their immediate family members.
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Unemployment rate in the first month of 2021 stood at 8.7% or four million jobless adults - ages 15 and above.
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Japan's Mos Burger to set up shop in Philippines, eyes 50 stores by 2027.
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Oreo and Toblerone marker Mondelez Philippines says it will vaccinate it workers and their families as it ordered Moderna vaccine doses through a tripartite deal.
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ATM: A security team blocks members of the media from getting near the room where the PLDT’s investors briefing is being held amid the P48-billion budget overspending issue of the telco.
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NutriAsia, the maker of UFC Banana Ketchup and Datu Puti condiments brands, announced Wednesday it is providing free COVID-19 vaccines to its employees as well as their qualified dependents.
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Chinese Gov't to donate ¥3 million (approximately P22 million) to aid victims and support disaster relief efforts in quake-hit Mindanao.
@gmanews
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HEADS UP, motorists!
Fuel prices may go up again in the coming week. The estimated pump price adjustments are as follows:
Gasoline - by P0.75 to P0.95 per liter
Diesel - by P1.50 to P1.70 per liter
Kerosene - by P1.05 to P1.15 per liter
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Monde Nissin Corp., manufacturer of popular noodles brand Lucky Me!, is planning to enter the Philippine Stock Exchange through an initial public offering.
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“6.1? I think I will have to disagree with that number. We are not that high,” Marcos said in his first press briefing as President of the Philippines.
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READ: The National Privacy Commission issues a strongly-worded statement denouncing “unjust” profiling of community pantry organizers.
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Senate President Tito Sotto on US Senate reso banning PHL execs involved in de Lima imprisonment: “[Pano] kung merong mag-file dito ng reso sabihin na ‘wag papasukin sa Pilipinas lahat ng magi-impeach kay Trump?”
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The Philippine economy stands to lose P150 billion per week due to strict lockdowns amid the Delta variant threat, the National Economic and Development Authority estimates.
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ADVISORY: Petron will implement a P10.70/kg rollback in LPG prices effective 12:01 am, April 1. AutoLPG prices will likewise decrease by P6.00/li at the same time. These reflect the international contract price of LPG for the month of April.
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Updated list of banks that waived online transaction fees until the end of the year.
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Century Pacific Food Inc. - maker of Century Tuna, 555, and Argentina canned goods - says it will vaccinate all its employees for free.
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Cebu Pacific CEO Lance Gokongwei awards the airline’s 200 millionth passenger. The passenger is granted with 1 year unlimited domestic flights.
Cebu Pacific is celebrating its 26th anniversary.
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The Philippines external debt stood at $98.5 billion as of end-2020, data from the Bangko Sentral ng Pilipinas showed.
Amid the COVID-19 pandemic, the national government ramped up its borrowing efforts as fiscal support to finance its response and recovery efforts.
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Elon Musk’s Starlink registration to the Philippines has been approved by the National Telecommunications Commission.
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World Bank report: The Philippines experienced the sharpest contraction of output among the largest economies of the region.
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PhilHealth ID number now required to receive COVID-19 vaccine.
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NEDA Secretary Karl Chua says each week of ECQ in NCR will cost the economy P105 billion.
”Also increases poor people by up to 177,000 and 444,000 more without jobs,” Chua says.
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LOOK: Who’s who in the four groups that submitted bids for the privatization of the operations of Ninoy Aquino International Airport?
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Burger King Philippines says it is hit by a shortage in supply of onions.
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Philippines’ unemployment rate eases further to 8.7% in October from 10% in July. This is equivalent to 3.8 million adults without jobs or livelihood during the period, an improvement from 4.6 million jobless Filipinos in July.
@gmanews
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LOOK: Philhealth monthly contribution to increase to 3.50% of monthly basic salary starting 2021. This is an increase of .50 percentage points from the current premium rate of 3.00% of monthly wages.
@gmanewsbreaking
@gmanews
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BREAKING: The National Telecommunications Commissions orders ABS-CBN to stop TV and radio broadcasting operations nationwide.
@gmanews
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President-elect Marcos’s incoming Budget Sec. Amenah Pangandman said that she has been instructed by the incoming chief executive to focus on the following areas in drafting the 2023 National Expenditure Program:
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House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate calls on “all democratic, non-administration candidates and forces to unite their efforts and thwart” a “potential 'dictatorannical' regime” under Marcos-Duterte.
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ADVISORY: DOTr-MRT3 to give free rides on December 30, Rizal Day.
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BREAKING: Petron will ROLLBACK Gasul and Fiesta Gas prices (VAT incl) by P6.40/KG effective later 12:01 a.m., December 1. This is equivalent to a rollback of P70.00 per 11-KG household cylinder. We will likewise decrease AutoLPG prices by P3.50/li at the same time
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Free Legal Assistance Group (FLAG) demands that the PNP confirm Dr. Ma. Natividad Castro’s whereabouts to her counsel, family after she was arrested for “kidnapping and serious illegal detention.”
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Manila Water says water from the tap is now available to 96% of its customer base compared to 80% last week with water supply available from 8 to 12 hours, at least at the ground floor level of their residences.
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ADVISORY: Petron will implement the following ROLLBACKS effective 6 a.m. Monday, October 22: P1.85/li for Blaze 100 Euro 6, XCS, and Xtra Advance, P0.90/li for Turbo Diesel and Diesel Max, and P0.90/li for kerosene. These reflect movements in the international oil market.
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Big-time oil price hike expected next week, according to projections by an oil industry source:
Diesel P4.20 - P4.50/liter
Gasoline P3.00 - P3.30/liter
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COVID-19 cases and status of personnel testing in Metro Manila’s railway system.
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Singapore-based tech firm BCB Blockchain signs a memorandum of agreement with the DOST to provide P15-million funding to support technology business incubators and startups in the Philippines.
@gmanews
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The FOI request was lodged by GMA News on April 1, 2022 after Senator Imee Marcos claimed that the Marcoses have yet to receive any communication from the BIR demanding payment for a multi-billion-peso tax on the estate of the late dictator.
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Meta Communications Director Andy Stone on reports that thousands of Facebook and Instagram users are having problems accessing their accounts:
We're aware people are having trouble accessing our services. We are working on this now.
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Local vaccine distributor Glovax Biotech Corp. said it has partnered with business tycoon Manuel V. Pangilinan for its plan to build a COVID-19 vaccine manufacturing plant in the Philippines. The investment for the vaccine manufacturing facility is estimated at P7 billion
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GMA Network is open for other partnerships with ABS-CBN after the new media giants sealed a historic deal last month, says Chairman and CEO Felipe Gozon.
Under the deal GMA will air Star Cinema’s movies to its channels.
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PRICE ADVISORY: To provide motorists with cheaper fuels going into the New Year, Phoenix Petroleum Philippines will DECREASE the prices of GASOLINE by P1.30 per liter and DIESEL by P1.80 per liter effective 6am of 29 December 2018.
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ATTENTION MOTORISTS!
Another round of fuel price rollback expected next week, according to an oil industry source.
Diesel to go down by P1.70 - P1.90 per liter.
Gasoline to be slashed by P4.70.- P4.90 per liter.
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Finance Secretary Carlos Dominguez says capital markets will reopen. Philippine Dealing Exchange, Philippine Stock Exchange, and Bangko Sentral ng Pilipinas will be exempted from enhanced community quarantine in Luzon.
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Unioil: Expect fuel prices to rollback next week again. Diesel should decrease by P2.00-2.10 per liter while gasoline should decrease by P2.20-2.30 per liter
@gmanews
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READ: Automatic Centre to end appliance retail operations after over 70 years as COVID-19 pandemic caused “tremendous challenges on our business…”
@gmanews
@gmanewsbreaking
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PRICE ADVISORY: For the 3rd straight week, Phoenix Petroleum Philippines will IMPLEMENT an early BIG DECREASE in the prices of GASOLINE by P2.60 per liter and DIESEL by P2.70 per liter effective 6pm of 08 June 2019.
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ADVISORY: PTT Philippines to implement the ff PRICE ROLLBACK eff 6am Monday, Oct. 22, 2018:
GASOLINE: -Php1.85/liter
DIESEL: -Php0.90/liter
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ADVISORY: Petro Gazz will implement PRICE ROLLBACK on fuel products, effective 6am, May 6, Monday.
Diesel - P0.80/L
Gasoline - P1.00/L
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SEAOIL will adjust its pump prices per liter effective 6:00AM, 29 December 2018, as follows:
Gasoline: -P1.30
Rollback
Diesel: -P1.80
Rollback
Kerosene: -P1.90
Rollback
This is to reflect movements in the international petroleum market.
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ADVISORY: In adherence to the protocols set by the DOH, the Philippine National Railways (PNR) will conduct cleaning and disinfecting of the PNR Executive Building from today March 12, 2020 until Sunday March 14, 2020. All office works are also suspended during the said period.
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National Nutrion Council’s theme for Nutrition Month: “Batang Pinoy, Sana Tall. Iwas Stunting, Sana all.”
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STATEMENT OF NAYONG PILIPINO
Nayong Pilipino Foundation chairperson Patricia Ocampo said she will abide by President Rodrigo Duterte’s decision to replace the foundation’s board of trustees and management team
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READ: Economic Journalists Association of the Philippines condemns House’s decision to deny ABS-CBN’s franchise renewal.
“Today’s event casts a long shadow on the industry, and has dire implications on Filipinos’ constitutionally guaranteed right to a free press.”
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LOOK: BSP releases updated list of banks and financial institutions with waived PesoNet and InstaPay fees until the end of the year.
@gmanews
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Solane advisory: Please be advised that we are decreasing our Solane-branded LPG price by Php 9.58/kg VAT inclusive effective Apr 1, 2020 at 6AM.
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Meralco says it is immediately suspending all disconnection activities in its franchise area until April 15, 2021 following the gov’t’s announcement of placing the NCR, Bulacan, Cavite, Laguna and Rizal under a one-week ECQ beginning March 29 up to April 4, 2021.
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Toyota Motor Philippines president Atsuhiro Okamoto told reporters in Tokyo the carmaker is committing to invest P4.4 billion for production of “new generation Tamaraw” in the Philippines.
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Meralco continues to restore its services as the number of affected customers decreased to 1.19 million as of 5 p.m.
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DTI Secretary Ramon Lopez on MECQ extension until Sept.7: I am pushing for allowing vaccinated to allow sa BAWAL sectors — dine-in and personal care. Again sa bawal sectors like these two.
Because we are saying na sa bawal sectors- SAFER for VACCINATED, not the unvaxx.
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Cavite Governor Jonvic Remulla confirms that the provincial government is set to award the Sangley Point International Airport project to its original proponent - a consortium composed of Cavitex, Yuchengco Group, MacroAsia, Samsung C&T, and Munich Airport Int’l.
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Bangko Sentral ng Pilipinas Governor Benjamin Diokno is proposing to exempt digital transactions below P500 from the impending imposition of a 12% value-added tax.
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Jollibee says it will open a store in the heart of the iconic Times Square, New York on August 18, 2022.
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Shakey’s Pizza Asia Ventures Inc. announces the acquisition of Potato Corner, one of the leading food kiosk brands in the country.
@gmanews
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AltMobility’s statement on PAREX following Ang’s announcement that SMC is no longer pursuing the project:
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ATTENTION MOTORISTS!
BIG-TIME fuel price hike is expected next week, according to an oil industry source.
Diesel may increase by P5.40 to P5.70 per liter.
Gasoline may go up by P1.30 to P1.60 per liter.
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Apart from a condo unit, house and lot, and millions of pesos worth of cash, Hidilyn Diaz is also set to get free flights for life from AirAsia Philippines.
@gmanews
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LOOK: Bangko Sentral ng Pilipinas helps 70-year-old ice delivery man recover nearly P50,000-worth of termite-mutilated savings.
Photo courtesy of Kapuso Mo, Jessica Soho
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READ: The Department of Energy memorandum on deferral of payment of obligations and dues of power sector firms for 30 days amid Luzon enhanced community quarantine.
@gmanews
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DITO Telecommunity further expands its network services to 15 more cities.
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Bongbong Marcos’ camp on Oxford Philippines Society’s statement that the former senator didn’t obtain a degree from the university:
“We stand by the Degree confirmation which was issued by the University of Oxford.“
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Jollibee Group: Due to continued increase in consumer demand and limited chicken supply in the market that meets our high quality standards, a small number of stores of Jollibee and Mang Inasal are unable to serve some chicken orders.
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Bong Revilla climbs to 11th spot from 12th with 13,873,309 votes based on National Board of Canvassers partial and official tally as of 8:00 p.m., Saturday, May 18. He switched places with Nancy Binay, who garnered 13,784,692 votes.
#Eleksyon2019
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@gmanews
Bacoor Mayor Lani Mercado and Cavite Vice Gov. Jolo Revill arrive at Quirino Grandstand
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GMA News Online receives recognition during the 11th National Statistics Month Media Awards.
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READ: PhilHealth advisory on 2022 premium contribution hike, starting June.
The increase of premium contribution of 3% to 4% beginning next month is also retroactive effective January.
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The Toy Manufacturers’ Association of Hong Kong (TMHK) has expressed interest to relocate their toy production operations as well expand in the Philippines, according to the Department of Trade and Industry’s Board of Investments.
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