Duterte to finish 29 flagship projects before term ends

The government expects to finish 29 flagship infrastructure projects worth P238.48 billion before President Rodrigo R. Duterte’s term ends in 2022. It has added 13 more projects for a total of 119 projects worth P4.73 trillion, presidential adviser for flagship infrastructure projects Vivencio B. Dizon told a televised news briefing on Friday. The National Economic […]

BSP fully awards 28-day bills

The Philippine central bank raised P100 billion from its auction of short-term securities on Friday even as rates rose on hints by the US central bank of a looming interest rate increase in 2023. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills from total bids worth P140.525 billion. The auction was 1.4 […]

Q1 external debt declines

The country’s outstanding foreign debt fell by 1.5% or $1.4 billion to $97 billion at the end of March from end-December, after the National Government redeemed maturing bonds and local banks settled their obligations, according to the Philippine central bank. Year-on-year, the country’s debt stock rose by $15.6 billion after borrowings worth $13.5 billion by […]

COVID-19 cases hit 1.35M

The Department of Health (DoH) reported 6,833 coronavirus infections on Friday, bringing the total to 1.35 million. The death toll rose by 110 to 23,385, while recoveries improved by 3,441 to 1.26 million, it said in a bulletin. There were 61,776 active cases, 1.2% of which were critical, 92.2% were mild, 3.7% did not show […]

SC seeks to unclog dockets

The Supreme Court (SC) on Friday released an order amending its rules to unclog case dockets and speed up the judicial system. Under the order dated May 4, the fully court will now act only on administrative cases penalized with more than two years of suspension or a fine of more than P100,000. It used […]

PAL share trading halted on audit disclaimer

The Philippine Stock Exchange (PSE) suspended the trading of PAL Holdings, Inc. shares beginning Friday after the exchange noted a disclaimer of opinion of the company’s independent auditor on the listed company’s annual report. “We do not express an opinion on the accompanying consolidated financial statements,” SyCip, Gorres, Velayo & Co. said in the company’s […]

AC Energy divests in three biomass projects

NEGROS ISLAND Biomass Holdings Inc. has forged binding agreements to divest its shareholdings in three biomass-fired power plants in the Visayas, its part owner Ayala-led AC Energy Corp. said on Friday. In a stock exchange disclosure, AC Energy said Negros Island Biomass will sell its equity stake to Singapore-based ThomasLloyd CTI Asia Holdings Pte. Ltd., […]

Harry Potter, Friends may fall victim to Hungary’s anti-LGBT law —  broadcaster

BUDAPEST — The largest broadcasters in Hungary criticized a new law banning the “display and promotion of homosexuality” among under-18s as a threat to freedom of expression, and one said it could impact showings of some Harry Potter films and classic TV shows. Prime Minister Viktor Orban’s nationalist government pushed the law through parliament on […]

Alliance Global: diverse portfolio helps in pandemic

ALLIANCE Global Group, Inc. (AGI) said global operations helped its diversified businesses cushion the impact of the coronavirus disease 2019 (COVID-19) pandemic. “Our multiple sources of income have allowed our group to balance our portfolio. Together with our innovative offerings and digitalization strategy, AGI managed to mitigate the impact of the pandemic,” Andrew L. Tan, […]

After postponements, Bb. Pilipinas 2021 pageant pushes through in July

AFTER several postponements in the previous few months, the 57th Binibining Pilipinas pageant will finally push through via online streaming on July 11 from the Smart Araneta Coliseum. The final lineup has 34 candidates from the original 40. Three candidates have withdrawn from the competition having decided to pursue other interests, one dropped out due […]

UnionBank to use AI to personalize its product offerings for customers

UNIONBANK of the Philippines, Inc. is looking to profile its customers using data science and artificial intelligence (AI) to help match them with the products that suit their needs. “By harnessing AI, we have the ability to analyze data culled from various sources — customer profiles, and past interactions, for example — and provide tailor-fit […]

Entertainment News (06/18/21)

1 of 4 SINGER-songwriter Jayda AXN Asia drops first crime thriller podcast AXN Asia will be launching its first crime thriller podcast, Fey Hollow: The Fairy Tale Murders, on June 20. Created by Natasha Koster and voiced by an international cast, the podcast follows the story of two detectives tracking down a sadistic serial killer […]

Stuff to do (06/18/21)

1 of 6 Robinsons Galleria hosts artisans fair ROBINSONS Malls will host the 5th Made in QC (MIQC) Local Artisans’ Fair to be held at Robinsons Galleria on June 18 to 19. The fair will showcase MIQC purveyors’ hand-crafted products ranging from soaps and candles, bags, to ice cream and jewelry. Over 15 businesses from […]