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3-4 INVESTMENT DEALS FOR 2025 EYED BY MIC www.businessmirror.com.ph
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Wednesday, January 29, 2025 Vol. 20 No. 109
P25.00 nationwide | 4 sections 30 pages | 7 DAYS A WEEK
LUNAR TRADITIONS SHINE: TEMPLES, TIKOY, TOGETHERNESS As the Filipino-Chinese community prepares for the Lunar New Year, vibrant traditions come to life across Metro Manila. At Seng Guan Temple in Manila, a staff member cleans the Medicine Buddha, while the Pagoda of the Philippine Thai To Taoist Temple in Caloocan City undergoes final touches with a worker carefully tending to sacred images. Meanwhile, in Binondo, a supermarket salesgirl arranges stacks of glutinous rice cakes, or Tikoy, a staple for good luck, family togetherness, and harmony during the celebrations. The Year of the Snake will officially be welcomed on January 29, 2025. NONIE REYES/BERNARD TESTA/ROY DOMINGO
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By Samuel P. Medenilla @sam_medenilla
HE Maharlika Investment Corporation (MIC) is aiming to finalize 3 to 4 investment deals this year. See “Investment,” A5
RISING DEMAND FROM U.S., E.U.
TO DRIVE FEB FREIGHT RATES By Andrea E. San Juan
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@andreasanjuan
HE Philippines should expect higher air freight rates due to expected tight capacity in February on the back of backlogs from January and the rising demand from the United States and European Union, according to Dimerco, a global
logistics services provider. “Expect a 10-percent airline rate hike and higher fuel surcharges. Expect tight capacity in February due to backlogs from Jan and rising US/EU demand,” Dimerco’s February 2025 Asia Pacific Freight Report noted. Dimerco noted that postChinese New Year production
Key sectors revised upward, but Q3 growth still at 5.2% By Cai U. Ordinario
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HE economy’s third quarter growth was kept at 5.2 percent despite upward revisions in the growth of some economic activities, according to the Philippine Sta-
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CELEBRATE THE YEAR OF THE WOOD SNAKE AT SM CITY PAMPANGA
Experience hype-worthy Lucky Ang Pao giveaways to epic food crawls and dazzling interactive displays this Year of the Wood Snake at SM City Pampanga. SM SUPERMALLS
TAXPAYER’S suit was filed before the Supreme Court seeking to declare unconstitutional Republic Act No. 12116, otherwise known as the General Appropriations Act of Fiscal Year 2025. In a 25-page petition, the petitioners argued that RA 12116 violated Article II Section 15 of the 1987 Constitution in relation
See “Sectors,” A5
NOTICE OF FILING OF APPLICATION/S FOR ALIEN EMPLOYMENT PERMIT/S (AEP/S)
GAA 2025 constitutionality @jrsanjuan1573
tistics Authority (PSA). The PSA said growth in education was revised upward to 4.1 percent from the initial estimate of 2.6 percent; manufacturing, 3 percent from 2.8 percent; and financial and insurance activities, 9.1 percent
See “Demand,” A2
Taxpayer’s suit challenges By Joel R. San Juan
@caiordinario
to Sections 10, 11 and 37 of Republic Act No. 1123, also known as the Universal Health Care Act. They added that 2025 GAA also violated Article VI, Section 25 (1) of the Constitution when the respondents aligned the proposed appropriations under the 2024 National Expenditure Program (NEP), which in effect increased the proposed budget appropriations for Congress and other line agencies. See “Suit,” A2
Notice is hereby given that the following companies/Employers have filed with this Regional Office application/s for Alien Employment Permit/s: ESTABLISHMENT / ADDRESS No.
NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION
QUALIFICATION AND SALARY RANGE
AIRBUS HELICOPTERS PHILIPPINES INC. Padc Hangar 2 Bldg., Domestic Airport, Barangay 191, Pasay City
AMADOR PARA, JUAN LTA (Light Transport Aircraft) Aircraft Manager 1.
Brief Job Description: To provide management of maintenance works performed at customer facilities. Line and base maintenance planning and execution for Operator flights Release to Service.
Basic Qualification: At least college degree holder with knowledge in aviation technical support and services. Strong leadership and management skills. 5 years of experience in aviation industry. Salary Range: Php 150,000 - Php 499,999
See “dole ncr” on A6-A7
PESO EXCHANGE RATES n US 58.3770 n JAPAN 0.3779 n UK 72.9596 n HK 7.4957 n CHINA 8.0654 n SINGAPORE 43.4288 n AUSTRALIA 36.7250 n EU 61.2550 n KOREA 0.0407 n SAUDI ARABIA 15.5643 Source: BSP (January 28, 2025)