By Keisha B. Ta-asan THE BANGKO SENTRAL ng Pilipinas (BSP) raised its benchmark interest rate by 50 basis points (bps) on Thursday, and signaled it has room to further hike rates as it battles inflation. The Monetary Board (MB) increased the overnight reverse repurchase rate by 50 bps to 3.75%, as expected by 13 out […]
Philippines plans 1st retail bond under Marcos
By Diego Gabriel C. Robles THE BUREAU of the Treasury (BTr) is planning to raise at least P30 billion in the first retail Treasury bond (RTB) issue under the Marcos administration. The BTr will sell at least P30 billion worth of RTBs due in 2028, and allow existing holders to exchange the debt due this […]
Metro Manila’s retail prices accelerate in April
By Ana Olivia A. Tirona, Researcher METRO MANILA’S retail price of goods in April grew at its fastest pace in three and a half years, preliminary data from the Philippine Statistics Authority (PSA) showed. The PSA on Thursday reported that the general retail price index (GRPI) rose by 3.5% in April, faster than the 2.7% […]
Retailers back move to legalize ukay-ukay importation
By Revin Mikhael D. Ochave, Reporter LOCAL RETAILERS are backing a senator’s proposal to legalize the commercial importation of secondhand garments, also known as “ukay-ukay,” as this would mean sellers will now have to pay taxes. “If they will legalize it, it should be a welcome development because that means they will be paying the […]
ACEN secures AU$100-M loan for RE projects
ACEN Corp., through its subsidiary in Australia, has secured a 100-million Australian dollar green long-term revolving loan from DBS Bank Ltd. through common provisions and facility agreements. “The initial green loan facility with DBS will help advance our fund-raising capacity of over AU$600 million in Australia to develop and construct existing and additional pipeline of […]
Balai ni Fruitas opens Balai Pandesal store in Cebu
BALAI NI FRUITAS, Inc. has put up its first Balai Pandesal store in Cebu, marking the bakery chain’s initial move to cover the Visayas and Mindanao region as part of its planned expansion across the country. The Balai Pandesal store in Tisa, Cebu City is the latest addition to the Fruitas group’s seven community stores […]
Smart partners with US firm Omnispace to explore space-based 5G technologies
PLDT, Inc.’s wireless arm Smart Communications, Inc. is collaborating with US-based global communications provider Omnispace to explore the capabilities of space-based fifth-generation (5G) communications using low-Earth orbit (LEO) satellites for the Philippine market. “This collaboration with Omnispace will allow our companies to work together to define use cases for the Philippine market,” Arvin L. Siena, […]
CTA upholds ruling on scrutiny of Smart documents in tax case
THE Court of Tax Appeals (CTA) affirmed its decision allowing the Makati City government to inspect Smart Communication, Inc.’s documents over its alleged P3.25-billion tax deficiencies from 2012 to 2015. In a 16-page decision on Aug. 15 and made public on Aug. 17, the CTA full court denied Smart’s petition due to lack of merit […]
DITO’s debt to Globe over interconnect violation grows daily—NTC plea to prevent further breach, protect customers
GLOBE, the country’s leader in mobile, asserts that DITO continues to violate its interconnect agreement due to the latter’s refusal to pay the P622 million it owes Globe over fraudulent calls through its network. More notably, DITO did not deny the debt it owes Globe in its press statement issued on August 9.DITO’s debt increases […]
Morissette releases Bisaya single, ‘Undangon Ta Ni’
ASIA’S Phoenix, Morissette, has taken to social media to promote the release of her new Bisaya single “Undangon Ta Ni,” which came out on all streaming platforms on August 1. In a slew of teaser photos and videos on her social media accounts, the singer-songwriter unveiled her new music release bit by bit, starting with […]
Watsons invests in delivery services, upgrades its mobile app
THE last two years have underscored the importance of getting deliveries of essentials like prescriptions and OTC medications, wellness products such as vitamins and supplements and personal care items as soon as possible.Watsons has invested in online and phone delivery services, such as the Express Delivery Service and Call & Delivery, to give customers more […]
LGU: No ‘lockdown’ in Cordova seawaters
THE local government of Cordova has urged the public not to believe and get swayed by fake news circulating online that there will be a lockdown in the seawaters off Cordova town.“Ayaw kamo padala sa fake news,” the caption of the local government on a social media post read. A screenshot of the false announcement […]
Prizes, Happy Hour Awaits Participants of #DXLeadersPH2022
MANILA, Aug 19, 2022 – (ACN Newswire via SEAPRWire.com) – DX Leaders, the two-day hybrid event on August 24-25, 2022, is packed with chances to influence the digital environment of Philippine businesses, but enjoyment and entertainment will also take up some room. Logitech is the official prize sponsor of the DX Leaders Quest on August […]
New Horizon Health Announced 2022 Interim Report: Revenue Up 414% YoY, Gross Margin Climbs to 82%
HANGZHOU, Aug 19, 2022 – (ACN Newswire via SEAPRWire.com) – New Horizon Health (6606.HK), China’s leading biotechnology company for early cancer screening, announced its half-year results for the year ended June 30, 2022 today. Based on the financial information before the audit as of June 30, 2022, New Horizon Health achieved total revenue of RMB226 […]
DOT trains Virgin Island service providers on ‘Filipino brand of service’
THE Department of Tourism, in coordination with the Bohol Tourism Office and the Municipality of Panglao, conducted on Wednesday, Aug. 10, training on the Filipino Brand of Service Excellence (FBSE) to service providers operating in Virgin Island in Panglao, Bohol.Initiated by the DOT upon receiving information on the alleged overpricing of food served to tourists […]
Mandaue City seeks to export ‘bibingka’ to global markets
MANDAUE City is mulling on exporting its local delicacies, particularly its well-known “bibingka” (local rice cake), to help promote more Filipino food to the international scene and help Mandaue City’s small and medium-sized enterprises (SMEs) develop their businesses.Kristian Cabahug, Mandaue Investments Promotions Tourism Action Center (MIPTAC) head, told reporters on Wednesday, August 17, 2022, that […]
Villamor & Fabiosa: Queen of Christmas
In an earlier article, we wrote that Mariah Carey’s song “All I Want for Christmas,” which was released in 1994, is extensively played on streaming services and on the radio during the Christmas season. It has topped the Billboard Hot 100 Chart every year since 2019. On March 10, 2021, Mariah Carey filed with the […]
DOF unveils fiscal priority reforms under Marcos admin
THE Department of Finance (DOF) presented to the 19th Congress fiscal priority reforms as part of the Marcos administration’s Medium Term Fiscal Framework (MTFF) to steer the country back to a high growth trajectory.“We will work for the passage of the remaining tax reform packages of the Duterte administration, along with other key policy measures […]
EXPLAINER: Would Councilor de los Santos revise tag on Cebu City P50M grant to Luzon LGUs as ‘misplaced display of charity”? Balance of disaster fund is P201M, not P8M as earlier claimed by minority leader Archival. Without standards though, how much is too much?
ATTACK ON P50M AID TO QUAKE-STRUCK LGUs. Cebu City Councilor Mary Ann de los Santos, in a privileged speech Wednesday, August 17, criticized the amount of P50 million as aid for earthquake-hit local governments in northern Luzon, which the City Council earlier approved in a special session. De los Santos called it “misplaced display of […]
What to expect at The Outlook 2022: Philippine Real Estate Conference
THE much-anticipated event, The Outlook 2022: Philippine Real Estate Conference, will happen on August 31, 2022. The in-person conference will feature time-relevant panel tracks and distinguished speakers from prominent property companies and related businesses.Top property platform Lamudi is set to hold the much-anticipated event, The Outlook 2022: Philippine Real Estate Conference, on August 31, 2022.The […]