LISTED mining firm Global Ferronickel Holdings, Inc. or FNI plans to pursue value-added processing of nickel to meet growing demand amid the transition to cleaner energy and electric mobility. “These processing capabilities enable the company to enhance the value of its nickel products by transforming them into higher grade materials that cater to specific industry […]
Category: Hot News
Basic Energy gets DoE nod for wind contract
BASIC ENERGY Corp. is set to assess wind resources for its wind energy service contract in the Visayas after securing regulatory approval for the development of the renewable energy project. In a stock market disclosure, Basic Energy said the Department of Energy (DoE) clearance for its onshore wind farm would expand its renewables portfolio. With […]
Hollywood grapples with how to use its climate superpowers
“WHY is it February and hotter than the devil’s booty-hole outside?” So wonders Abbott Elementary principal Ava Coleman in the show’s second episode. Showrunner Quinta Brunson told a rapt audience at last week’s Hollywood Climate Summit that this wasn’t just a throwaway laugh line. She was trying to get her audience to think about climate […]
Manila Water unit secures P1.53-B loan from BPI for Clark concession
A SUBSIDIARY of Manila Water Co., Inc. has signed up for a P1.53-billion loan from a local bank to partly fund projects that serve an economic zone in Central Luzon. In a stock exchange disclosure on Thursday, Manila Water said its subsidiary Manila Water Philippine Ventures, Inc. (MWPV) signed the 10-year term loan facility with […]
Harrison Ford hangs up his Indiana Jones hat in Dial of Destiny
LOS ANGELES — Harrison Ford is bidding farewell to one of his most famous roles with new film Indiana Jones and the Dial of Destiny, which heads to theaters on Friday. The 80-year-old Mr. Ford, who plays the adventurous Nazi-punching archaeologist, confirmed to Reuters that he will not be returning for more relic-related escapades. “I’m […]
Aboitiz unit to handle construction works for Monde Nissin plant in Davao City
ABOITIZ CONSTRUCTION, Inc. said on Thursday that it is set to do basic development and foundation work for Monde Nissin Corp.’s expanded bakery plant in Davao City. “We are very excited to undertake this project as we are strengthening our capabilities on land development-related projects,” said Aboitiz Construction Chief Operation Officer Ramez Sidhom in a […]
A minute with: John Krasinski and Jack Ryan cast on saying goodbye to show
LONDON -— Actor John Krasinski returns for one last mission in the final season of Tom Clancy’s Jack Ryan, in which his titular character is now the CIA Acting Deputy Director facing a threat both foreign and domestic. Season four, which begins streaming on Prime Video on Friday, sees Ryan investigating internal corruption as well […]
E-wallet phishing scams seen getting more sophisticated
Users of e-wallet platforms and online payment channels need to watch out for phishing scams that are getting more complicated, according to an electronic payment firm. While e-wallet companies claim to double security measures through new features, they still expect users to be aware of the inventive breaches fraudsters use to obtain their personal information. […]
Love Ko All: McDonald’s Philippines colors its iconic arches at its McKinley West store
In celebration of diversity and inclusivity, McDonald’s Philippines turns its Golden Arches into rainbow arches at its McKinley West store in Taguig. Working towards becoming a more inclusive and welcoming place, the QSR giant welcomes all customers and employees as they are. A Colorful Day with McDonald’s 1 of 2 Pride March 2023 attendees participating […]
Philippine bond dynamics poised for shakeup due to policy pivot
Shorter-maturity Philippine bonds look increasingly favorable relative to longer-dated ones, aided by the central bank’s pivot to an easing stance, which will also boost lending in the economy. Emerging Asia’s formerly most hawkish central bank sent the two-to-10-year curve into inversion in May for the first time since June 2019. Yields have stayed around those […]
Marcos faces Philippine growth, investment tests in second year
Philippine President Ferdinand Marcos Jr. marks his first year in office with resilient growth and improving business sentiment as he rebalanced the country’s foreign policy and tapped credible economic managers. As his administration enters its second year and faces prospects of softening demand amid elevated inflation, Mr. Marcos said delivering on his campaign promises to […]
GCash Stories launches ‘Turing’ for Pride Month, empowering the LGBTQIA+ entrepreneurs to #WerkWithPride by offfering finance for all
GCash Stories returns with a powerful new release featuring Turing Quinto, as the face of GCash’s “Werk With Pride” advocacy for Pride Month. Directed by Antoinette Jadaone, the film celebrates pride by putting a spotlight on GCash’s commitment to inclusivity and financial empowerment while telling the story of strength and persistence of Filipino drag performer, […]
BSP sees June annual inflation in 5.3% to 6.1% range
Philippine annual inflation in June was expected to come in between 5.3% to 6.1%, with downward pressure coming from lower prices of meat, fruit, and liquefied petroleum gas, the central bank said on Friday. Higher prices of key food items and an increase of domestic oil prices and electricity rates are the primary sources of […]
Hot-selling vivo Y36 in Malaysia, Thailand is coming soon in PHL
The rumors are true. vivo’s newest smartphone in its Y Series portfolio, vivo Y36, is coming soon to the Philippines after it was launched in Thailand and Malaysia earlier in June 2023. vivo’s growing Y Series lineup is known for fun and stylish smartphones with superb performance at affordable rates. The hot-selling vivo Y36 in […]
NAIA better off privately managed, MAP says
THE privatization of the Ninoy Aquino International Airport (NAIA), the main Philippine gateway, needs to be expedited in order to tap the private sector’s expertise and resources, the Management Association of the Philippines (MAP) said. In a statement on Thursday, the MAP called for the rehabilitation and operations of NAIA to be placed under private-sector […]
Globe, Aboitiz back extension of order simplifying local gov’t permit processes
GLOBE Telecom, Inc. and the Aboitiz Group called for the extended implementation of an Anti-Red Tape Authority (ARTA) joint memorandum circular (JMC) streamlining the permit process, with the telecommunications company noting that its cell site building program made significant progress under the simplified rules. “The JMC, set to expire in September, calls for the adoption […]
BIR adds 25 cancer drugs to VAT-exempt list
THE Bureau of Internal Revenue (BIR) said its updated list of medicines exempt from value-added tax (VAT) includes 25 cancer treatments. It also added to the exempt list of drugs treating hypertension, cancer, mental illness, tuberculosis, kidney diseases, diabetes, and high cholesterol. Under the Corporate Recovery and Tax Incentives for Enterprises Act, approved drugs, medicines, vaccines […]
Resumption of visa-on-arrival scheme urged for Chinese nationals
THE Anti-Red Tape Authority (ARTA) declared its support for the resumption of a visa-on-arrival scheme for Chinese nationals, citing the potential for encouraging investment in the Philippines. ARTA Director General Ernesto V. Perez told reporters on the sidelines of a forum organized by the German-Philippine Chamber of Commerce and Industry in Makati City on Thursday […]
Business chamber touts PHL prospects as tea producer
GLOBAL DEMAND and growing health consciousness are expected to support tea production in the Philippines, though a “tea culture” needs to be established before the market takes off, a business chamber official said. Cecilio K. Pedro, president of the Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII), said at the Pandesal Forum […]
Gross national savings up in 2022 as companies delay expansion
GROSS national savings amounted to P4.90 trillion in 2022, rising 26.6%, the Philippine Statistics Authority (PSA) reported on Thursday. At current prices, gross domestic product (GDP) and gross national income (GNI) rose 13.5% and 16%, respectively. Meanwhile, household spending increased 14.5% to P16.72 trillion while government spending amounted to P3.31 trillion, up 9.3%. In 2022, […]