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Day: August 14, 2024

Oil siphoning from MTKR Terranova begins – PCG

MANILA: Oil siphoning from one of eight tankers of the sunken MTKR Terranova began Wednesday following an oil removal test by the contracted salvor.

In a situation report, Philippine Coast Guard (PCG) Lt. Commander Michael John Encina said the salvor…

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DOJ goes after Batangas petrol pilfering syndicate

MANILA: Department of Justice (DOJ) Secretary Jesus Remulla on Wednesday said the government is going after a criminal syndicate based in Batangas province which has cornered the black market for pilfered petroleum products causing billions of pesos i…

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Starbucks ousts CEO Laxman Narasimhan

ANKARA: Starbucks announced Tuesday it is replacing chief executive officer (CEO) Laxman Narasimhan with Brian Niccol, the chairman and CEO of the fast-food restaurant chain Chipotle, amid a plunge in sales.

Niccol will take the helm on Sept. 9 while…

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Japan debt watcher upgrades PH’s credit rating

MANILA: Japan’s Rating and Investment Information, Inc. (R and I) on Wednesday upgraded its credit rating for the Philippines to A- with stable outlook, citing the country’s macroeconomic stability, high economic growth path, and improvement in fiscal…

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