1 of 7 Sheetmetal creases and lines provide a sense of dynamism without going overboard. — PHOTO BY KAP MACEDA AGUILA Black plastic cladding makes the Toyota Corolla Cross appear higher off the ground. — PHOTO BY KAP MACEDA AGUILA An eight-inch display upon which the infotainment system is platformed makes nice with Apple CarPlay, […]
THE Court of Tax Appeals (CTA) has acquitted the president of COSCO Petroleum Co., Inc. of tax evasion charges stemming from deficiency taxes worth P23.9 million in 2008. In a 23-page decision, the CTA First Division ruled that the tax assessment against Michael C. Cosay was void since the revenue officer who conducted the audit […]
RATES of government securities (GS) on offer this week could rise amid continued monetary policy hikes from central banks in the past week and a weakened peso. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, made up of P5 billion each in 91-, 182-, and 364-day debt […]
THE Department of Agrarian Reform (DAR) said it is planning to strengthen the links between agrarian reform beneficiaries (ARBs) and their markets, particularly for those growing rice, corn, coconut, and livestock. In a statement, the DAR said it also plans to digitize its land database. “It’s about time that we further strengthen market linkage for […]
One of the items up for auction this week. — JULIENSLIVE.COM OVER 1,600 belongings from the late American actress Betty White will be up for auction this week, from her old TV and Disney VHS collection to her Cadillac. Taking place both online and in-person, the auction at Julien’s Auctions in Beverly Hills from Sept. […]
1 of 2 PHOTO FROM LEXUS PHILIPPINES PHOTO FROM LEXUS PHILIPPINES LEXUS PHILIPPINES is growing the number of its ES sedan offerings by one, as it introduces the hybrid electric ES 300h Luxury variant. Priced at P4.218 million, the trim takes its place in the middle of range between the ES 300h Executive (P3.838 million) […]
SWEDISH furniture retailer IKEA is looking to establish more stores in the Philippines to address growing local demand and as part of its expansion efforts. Georg Platzer, IKEA Philippines store manager, said that the retailer is studying more stores in Metro Manila in addition to its first branch in the country. IKEA Philippines opened the doors […]
DIGITAL BANKS are likely to meet the reserve requirement ratio (RRR) of 8% and are expected to comply with the existing prudential requirements for big banks, the Bangko Sentral ng Pilipinas (BSP) said. BSP Deputy Governor Chuchi G. Fonacier said in a Viber message that they considered digital banks’ scope of authority, capital requirement, and […]
NEW DELHI — India is likely to extend its free food program for the poor by three to six months, CNBC TV18 reported, a move that could cost the government $10 billion more and make it challenging for it to meet its fiscal deficit target. India has spent nearly $43 billion since April 2020 on […]
Bitish author Hilary Mantel — 4THESTATE.CO.UK LONDON — Hilary Mantel, the best-selling British author of the award-winning Wolf Hall Tudor trilogy, died peacefully on Thursday at the age of 70, her publisher said on Friday. Wolf Hall, published in 2009, and its sequel Bring Up the Bodies, released three years later, both won the Booker […]
PHOTO FROM GEELY PHILIPPINES SOJITZ G AUTO Philippines Corp. (SGAP), official distributor of Geely in the Philippines, announced that it was given the Outstanding Distributor Award at the recently concluded Geely Automotive Annual International Conference. The online gathering was attended by top executives from Geely Automotive International Corp. and representatives from 35 overseas distributors. It […]
YIELDS on government securities (GS) rose as the market awaited the US Federal Reserve’s and the local central bank’s rate hikes and the peso depreciating to a new record low. Debt yields, which move inversely to prices, jumped by an average of 12.31 basis points (bps) week on week, based on the PHP Bloomberg Valuation […]
LISTED fiber internet provider Converge ICT Solutions, Inc. was the seventh most actively traded stock last week after investors opted to pocket gains following its approved buyback program and talk about the company’s removal from a global equity index. Data from the Philippine Stock Exchange (PSE) showed Converge ranked first in value turnover with P855.31 […]
LONDON — Nearly one million people in Afghanistan, Ethiopia, South Sudan, Somalia, and Yemen are starving or will face starvation this year in the absence of aid, as the global food crisis worsens, United Nations (UN) agencies warned. Local conflict and weather extremes remain the primary drivers of acute hunger, aggravated this year by economic […]
HONG KONG, Sep 25, 2022 – (ACN Newswire via SEAPRWire.com) – GalaxySpace, a Chinese commercial aerospace company, recently completed its latest financing round with a post-investment valuation of approximately RMB11 billion. As an existing shareholder, Legend Capital continued to support the company by following up on this financing round. Legend Capital first invested in GalaxySpace […]
HONG KONG, Sep 25, 2022 – (ACN Newswire via SEAPRWire.com) – Leadrive Technology, a leading supplier of power semiconductor and motor control solutions for new energy vehicles, recently announced its completion of the series C financing. As the existing shareholder, Legend Capital continued to support this round of financing. This round of financing will be […]
KUALA LUMPUR, Sep 24, 2022 – (ACN Newswire via SEAPRWire.com) – Southern Score Builders Berhad is pleased to present an incentive of RM100,000 to Malaysia’s top men’s doubles pair Aaron Chia and Soh Wooi Yik, who won Malaysia’s first gold at the 2022 World Badminton Championships in Tokyo last month. Soh Wooi Yik, Gan Yee […]
SOME 38,800 students received educational assistance from the Department of Social Welfare and Development (DSWD) 7 as beneficiaries of the Assistance to Individuals in Crisis Situation (AICS).DSWD 7 Director Shalaine Lucero told SunStar Cebu on Saturday, Sept. 24, 2022, that a total of P104.7 million has been released to 38,773 students in the region during […]
AFTER a two-year hiatus due to the Covid-19 pandemic, the Cebu Press Freedom Week celebration returned to mostly in-person events from Sept. 17-24, 2022.The 30th staging of the celebration featured forums on cyber libel, cybersecurity, fighting disinformation and historical revisionism and what’s in store for Philippine media under the new administration of President Ferdinand “Bongbong” […]
THE Cebu City Police Office (CCPO), together with the Women and Children’s Protection Desk (WCPD) and the City Social Welfare and Services, will start rescuing minors who are found caroling and begging for alms on the streets as Christmas is just around the corner.The increasing number of street children begging for alms from motorists as […]