THE adoption of blockchain technology and cryptocurrency is likely to continue growing in the Philippines as people explore more of its use in the financial infrastructure. Filipino-led blockchain startup Tetrix said in an interview with BusinessWorld that ownership of digital assets may increase as people become more educated about these technologies. “The crypto ecosystem has […]
Category: Hot News
Three local companies enter Forbes’ under a billion list
Three Philippine companies — COL Financial Group, Inc., Crown Asia Chemicals Corp. and Eagle Cement Corp. — are among Forbes Asia’s roster of top-performing publicly traded small and midsized firms in the Asia-Pacific region this year. The annual “Forbes Asia’s Best Under A Billion,” identifies the top 200 companies out of 20,000 publicly listed firms in the […]
Baristas beware: this machine makes consistent espresso every time
WHEN we trooped off to the SMX Convention Center last week, we thought the Nespresso Iced Coffees Masterclass would take hours. But thanks to the new Nespresso machines, the whole thing wrapped up in 15 minutes. Nespresso Philippines in-house Coffee Ambassador JR Abril said that he would be teaching us how to make Iced Hazelnut […]
BSP may raise rates by 125 bps more this year as inflation has yet to peak
THE Bangko Sentral ng Pilipinas (BSP) may hike its key interest rates by another 125 basis points (bps) this year, beginning with a 50-bp hike next week, to curb stubborn inflation, Nomura Global Markets Research said. Nomura said in a report authored by research analysts Euben Paracuelles and Rangga Cipta that with inflation yet to […]
How minimum wages compared across regions in July
This infographic compares the current daily minimum wages set by the country’s Regional Tripartite Wages and Productivity Board and the inflation-adjusted minimum wages as of July based on latest preliminary data by the Philippine Statistics Authority (PSA). While the current minimum wages are determined at the regional level to account for factors such as companies’ […]
D&L Industries’ income jumps 22% to P891M
D&L Industries, Inc. recorded a 22% increase in its net income to P851 million in the second quarter after booking higher sales due to eased mobility restrictions. “We are on track to at least hit if not exceed [our] pre-Covid high, which was in 2018,” D&L Industries President and Chief Executive Officer Alvin D. Lao […]
CIMB Bank PH launches virtual card for users of credit product
CIMB Bank Philippines, Inc. has launched its virtual card powered by its revolving credit product REVI Credit to boost its digital banking services in the country. Through the virtual card, REVI Credit users can shop online in any Visa-accepted online merchants. This includes e-commerce platforms, deliveries, travel bookings, and more, CIMB Bank PH said. “When […]
Dining In/Out (08/11/22)
1 of 7 Lula Café’s Bacon and Eggs Lula Café’s French Toast Brioche PAL Chicken Inasal Meal Wednesday is Taste Teasers Day WEDNESDAY is Taste Teaser Day at Sheraton Manila Bay’s Unspoken bar as the hotel’s bartenders and mixologist create cocktails and unique beverage concoctions for guests and diners to taste test for free. Held […]
AstraZeneca nixes variant-specific COVID vaccines, eyes annual shots
There is little value in developing vaccines that target specific coronavirus variants, according to Bruce Mungall, Asia area medical director of vaccines and infectious diseases at AstraZeneca, a multinational pharmaceutical company. “In terms of whether there’s value in chasing a new updated vaccine for a specific variant, I think there’s very limited incremental value in […]
Cinemalaya competition films on view at SM and Ayala Malls cinemas
THE CULTURAL Center of the Philippines (CCP) and Cinemalaya Foundation have partnered with Ayala Malls Cinemas and SM Cinema to present special screenings of the Cinemalaya 18 competition films from Aug. 10 to 16. The participating Ayala Malls Cinemas are those in Glorietta, TriNoma, Manila Bay, Capitol Central Bacolod, and CDO Centrio. The theater chain […]
Director Lars von Trier diagnosed with Parkinson’s disease
COPENHAGEN — Danish director Lars von Trier, 66, has been diagnosed with Parkinson’s disease and will do limited promotion for his upcoming supernatural TV series Kingdom Exodus, his production company said on Monday. Mr. Von Trier, often referred to as the “enfant terrible” of contemporary cinema, was in “good spirits” and is being treated for […]
Monde Nissin signs up for EDC ‘green’ power
CONSUMER goods maker Monde Nissin Corp. and other companies in the group have signed up for nearly 16 megawatts (MW) of renewable energy from Energy Development Corp. (EDC). The group, composed of Monde Nissin, Monde M.Y. San Corp., and Sarimonde Foods Corp., started last month its power supply agreement with the First Gen Corp. subsidiary. […]
Treasury fully awards reissued bonds
THE GOVERNMENT fully awarded the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate amid robust demand, which led it to open its tap facility. The Bureau of the Treasury (BTr) raised P35 billion as planned from its offer of reissued 10-year securities that have a remaining life of […]
More than half of human infectious diseases can be worsened by climate change
By Tristan McKenzie, Camilo Mora, and Hannah von Hammerstein Climate change can exacerbate a full 58% of the infectious diseases that humans come in contact with worldwide, from common waterborne viruses to deadly diseases like plague, our new research shows. Our team of environment and health scientists reviewed decades of scientific papers on all known […]
Pulitzer Prize-winning author David McCullough, 89
DAVID McCullough, best-selling author and renowned historian who won Pulitzer Prizes for his biographies of presidents John Adams and Harry Truman, has died at the age of 89, his publisher said on Monday. Mr. McCullough died on Sunday at his home in Hingham, Massachusetts, surrounded by his five children, according to a Facebook page maintained […]
SPNEC board clears name change
SOLAR Philippines Nueva Ecija Corp. (SPNEC) announced on Tuesday that its board of directors approved to change its corporate name to SP New Energy Corp. subject to stockholder and regulatory approval. “SPNEC signaled that it would be reintroducing its business to the market over the coming weeks, including sharing new details on its portfolio, as […]
CLI to increase bond issuance to P8B
PROPERTY developer Cebu Landmasters, Inc. is increasing the size of its bond issuance to a full-on base of P8 billion — from a P5-billion base with a P3-billion oversubscription option — after strong participation interest from institutions. The issuance would still be the initial tranche of its shelf-registered P15-billion debt securities program that will be […]
iWantTFC offers a new music drama
A GROUP of students’ journey to fulfilling their hopes and dreams is the focus of iWantTFC’s new musical drama series Lyric and Beat. The show premieres on Aug. 10. Written and directed by Dolly Dulu (The Boy Foretold by the Stars, and Love Beneath the Stars), Lyric and Beat is influenced by her background in […]
SC denies KAPA-owned truck firm’s appeal to lift freeze order on assets
THE Supreme Court (SC) has affirmed a ruling by the Court of Appeals (CA), which denied Hawkson’s Truck and Parts Center Corp.’s motion to lift the freeze order on its bank accounts. The firm is owned by Joel A. Apolinario, the founder of Kabus Padatoon-Community Ministry International (KAPA), which the Securities and Exchange Commission (SEC) […]
Gateway Mall 2 to open by yearend
THE Araneta Group is planning to launch the Gateway Mall expansion in December, and the ibis Styles Hotel by early 2023. In a statement, the Araneta Group said the P5-billion Gateway Mall 2 will have 190,000 square meters (sq.m.) over eleven levels offering new choices for shopping, dining, entertainment, and leisure. “Gateway Mall 2 promises […]