DEMAND FOR Philippine nickel ore will remain high in China if Indonesia maintains its nickel export ban, industry officials said Monday. “As long as Indonesia keeps its nickel export ban, demand for Philippine nickel ore from China’s NPI (nickel pig iron) plants will remain strong,” Chamber of Mines of the Philippines (COMP) Vice-President for Communications […]
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ICTSI says efforts to make transactions at Subic port ‘more seamless’ underway
LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Monday said its Subic unit had been endorsed by the Agriculture department as a discharge port for imported livestock and raw materials. Agriculture Undersecretary Ernesto S. Gonzales signed the endorsement, citing the Subic Bay International Terminal Corp.’s role in “ensuring unimpeded trade for the livestock […]
IC says facilitation fees not considered as admitted assets
THE Insurance Commission (IC) said prepaid facilitation fees from bancassurance arrangements will not be considered as admitted assets of insurers in their statements of financial condition. Insurance Commissioner Dennis B. Funa issued Circular Letter 2021-07 dated Jan. 28 to clarify that facilitation fees paid in advance by insurance companies to a bank in a bancassurance […]
Falsetto: The enduring love affair with the soaring male voice
IN THIS dreary COVID-19 winter, there are some high points — and high notes — available to people cooped up at home. The documentary The Bee Gees: How Can You Mend a Broken Heart, which premiered on HBO in December, explores the musical significance of the group and is interwoven with performance footage. At the […]
Ayala Land prevails in ASEAN governance scorecard
AYALA Land, Inc. (ALI) was named one of the top publicly listed companies at the Securities and Exchange Commission-Institute of Corporate Directors ASEAN Corporate Governance Scorecard Awards. The property developer ranked among the Top 3 publicly listed companies (PLC) in the Philippines and Top 20 in the ASEAN region based on the 2019 ASEAN Corporate […]
PSEi composition intact after index review
THE main stocks index will have no changes in its composition after the regular stock performance review for the January-December 2020 period, the Philippine Stock Exchange, Inc. (PSE) said on Monday. In a statement, the stock market operator said companies with common stocks listed on the PSE’s main board for at least 12 months during […]
Retail chain stores moving out of high street as shopping moves online
CHAIN STORES are moving out of the high street. Recent high-profile deals, such as online fashion retailer Asos’s purchase of high street brands including Topshop and Miss Selfridge from the Arcadia group, and the acquisition of Debenhams by another online business, Boohoo, have cemented the trend. Neither deal includes any physical shops, meaning that 118 […]
Entertainment News (02/08/21)
1 of 13 TONY LABRUSA (left) and JC Alcantara (right) are back again on the digital screen as the series Hello Stranger is now a movie screening worldwide. Tribute to Spanish actress Angela Molina THIS February, Instituto Cervantes de Manila presents a film series in honor of Spanish actress Ángela Molina. The film cycle will […]
ePLDT, Microsoft partner for PWD hiring, closing PHL digital skills gap
INFORMATION technology service management company ePLDT, Inc. on Monday said it is now an “employer-partner” of Microsoft Corp. for a program that enables disability-inclusive hiring. “The ePLDT Human Resource and Strategic Partnerships and Alliances Team is in coordination with Virtualahan, a social organization in the Philippines that enables PWDs (persons with disabilities) to secure gainful […]
Philippines improves in human freedom index ranking in 2018
THE PHILIPPINES ranks 83rd out of 162 countries in freedom index. Read the full story.
How PSEi member stocks performed — February 8, 2021
Here’s a quick glance at how PSEi stocks fared on Monday, February 8, 2021.
D60 commences 5-model rollout for Maxus PHL in 2021
Touted as a compact priced as a subcompact, hopes are high for new crossover MAXUS PHILIPPINES is further upping the ante in the war for your crossover cash. Last Friday, it digitally presented the D60 compact crossover — said to be a vehicle boasting “affordable luxury and utility.” In a speech, AC Motors President for […]
SEC strengthens measures against dirty money
By Revin Mikhael D. Ochave, Reporter THE Securities and Exchange Commission (SEC) has approved guidelines that will further promote transparency in the ownership of corporations, which could help prevent money laundering and terrorist financing in the Philippines. In a memorandum circular, the corporate regulator provided measures such as prohibiting the issuance of bearer shares, and […]
INXS
1 of 4 PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO PHOTO BY ANGEL RIVERO Rediscovering Tagaytay via the BMW X5 and X7 IT’S BEEN a long while since I last frolicked around Tagaytay. Last year’s volcanic unrest, and the subsequent imposition of the enhanced community quarantine (ECQ) have left […]
Buskowitz seeks to raise up to P1-B for solar rooftop projects
By Angelica Y. Yang BUSKOWITZ Energy is looking at raising around P1 billion for solar rooftop projects this year, about 40% of which would be funded by a local company, the renewable energy developer’s top executive said. “Our initial idea is to raise a billion [pesos], maybe a little less, given that it’s already February. […]
T-bill rates may move sideways ahead of Treasury’s RTB offer
RATES of Treasury bills (T-bills) on offer this week will likely move sideways ahead of the government’s sale of three-year retail Treasury bonds (RTBs). The Bureau of the Treasury (BTr) is looking to raise P20 billion from the T-bills on offer on Monday, broken down into P5 billion each via the 91- and 182-day debt […]
LVMH Watch Week: Passing time
1 of 3 HUBLOT BULGARI ZENITH TIME passes. The 525,600 minutes of 2020 are now in the past, and the passing of the 525,600 minutes of 2021 are being marked on our watches. For some, the passing of time is marked on luxury watches like those that LVMH showed in a virtual press conference in […]
Ford PHL rules 4×4 pickup segment in 2020
THE FORD RANGER became the best-selling 4×4 pickup truck in 2020, cornering 41% of the market. Ford Philippines reported full-year sales of 5,093 units for the Ranger 4×4 pickup — accounting for 52% of the total 9,767 Rangers sold. In a release, the company said this model helped drive Ford’s overall market share to 24% […]
97% of funds for assistance for critically impacted shipping firms distributed, PPA says
By Arjay L. Balinbin, Senior Reporter THE Philippine Ports Authority (PPA) said it had released about 97% of the allocated budget for the financial assistance for the shipping companies or operators that had been critically impacted by the coronavirus pandemic. The amount of funds used as of Jan. 26 was P7,458,965.75, according to PPA data […]
Visayas, Mindanao hog raisers start shipments to Metro Manila
HOGS RAISERS from the Visayas, Mindanao, and parts of Luzon have launched deliveries of live animals to Metro Manila, in order to help head off an inflation crisis in the capital region following a spike in food prices, the Department of Agriculture (DA) said. In a recent visit to Region 12 or SOCCSKSARGEN, Agriculture Secretary […]