CASH REMITTANCES sent by overseas Filipino workers (OFWs) jumped by 3.7% year on year in April, as they continued to support their families amid elevated inflation. Data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances sent through banks stood at $2.48 billion in April, higher than $2.4 billion in the same month in […]
By Keisha B. Ta-asan, Reporter THE BANGKO Sentral ng Pilipinas (BSP) sees the policy moves of the US Federal Reserve carrying less weight in its own decision making as addressing still-elevated domestic inflation is more important, an official said on Thursday. The actions of the US central bank are now “less of a factor” in […]
THE TOURISM INDUSTRY’S contribution to Philippine economic output rose in 2022, driven by the continued easing of travel restrictions, data released on Thursday showed. Tourism’s direct gross value added (TDGVA) accounted for 6.2% of gross domestic product (GDP) in 2022, higher than the 5.2% share in 2021, preliminary data from the Philippine Statistics Authority (PSA) […]
THE Philippine economy can reach first world levels of income and development by 2040 if it grows faster than 6.5% annually, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. “(We are) building human capital, building infrastructure, reforming our institutions so that we can grow 6.5-8% a year. If we do that, estimates […]
WASHINGTON — The US Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need to rise by as much as half of a percentage point by the end of this year, as the US central bank reacted to a stronger-than-expected economy and a slower decline in […]
THEATER Red The Necessary Theatre Starring Bart Guingona, JC Santos June 16-18 Fri., 8 p.m.; Sat. & Sun., 3:30 and 8 p.m. PETA Theater Center, Eynmard Dr., New Manila, Quezon City JOHN LOGAN’S straight play Red does a better job of introducing painter Mark Rothko, Abstract Expressionism, and the angst of artists than Clement Greenberg’s criticism […]
ACEN Corp. has signed an agreement to subscribe to additional shares in Sinocalan Solar Power Corp. (SSPC) for nearly P2 billion, the Ayala-led energy company said on Thursday. In a stock exchange disclosure, ACEN said it agreed to subscribe to 199.98 million of SSPC’s redeemable preferred shares priced at P10 apiece or a total of […]
CEBU-BASED Vivant Corp. said its subsidiary Vivant Energy Corp. is setting aside about P21 billion to increase its renewable energy (RE) generation by 2030. “Vivant Energy is committed to play a meaningful role in energy transformation and to accelerate growth and improvement of power services in the country,” Emil Andre M. Garcia, president of Vivant, […]
LOS ANGELES — The Flash debuts in movie theaters on Friday after a series of delays and personal setbacks by star Ezra Miller, a key part of Warner Bros.’ battle for the summer box office that also starts the reboot of the DC Extended Universe franchise under its new co-chairman James Gunn. Mr. Miller portrays […]
WALT DISNEY CO. on Tuesday announced that a new Star Wars film will reach theaters in 2026 but said it would postpone the release of the next three installments in James Cameron’s blockbuster Avatar series. The studio also pushed back the scheduled release dates for Thunderbolts and Blade, two Marvel films that have been disrupted […]
By Justine Irish D. Tabile, Reporter FILIPINO creators who use the short video application TikTok as a source of income earn more than the minimum wage, a regional study said. In TikTok’s Southeast Asia Socio-Economic Report 2023, around 40% of polled creators in the Philippines reported having been earning more than the minimum wage. The […]
FIGARO COFFEE Group, Inc. (FCG) said on Thursday that it is set to sell about P170 million worth of preferred shares to Camerton, Inc. In a regulatory filing, the listed company said it had signed the subscription agreement of 8.5 billion preferred shares of the company for P0.02 per share. The company said Camerton will […]
“Genius has no country. It blossoms everywhere. Genius is like the light, the air. It is the heritage of all.” — Dr. Jose Rizal’s toast to Luna and Hidalgo, 1884, Café Ingles On Independence Day, the Ayala Museum welcomed huge crowds of art enthusiasts of diverse backgrounds and ages. Everyone wanted to see and experience […]
CASH REMITTANCES sent by overseas Filipino workers (OFWs) jumped by 3.7% year on year in April, as they continued to support their families amid elevated inflation. Read the full story.
STARPAY Corp. has further expanded its coverage as the electronic wallet services platform can now be used by consumers to buy fresh produce and general merchandise at the Pasig City Mega Market. In a statement on Thursday, Starpay said its presence has widened after the recent rollout of the Paleng-QR Ph Plus initiative at the […]
NEW YORK — A hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain exposure to rising equities while also guarding against the possible upheavals tighter monetary policy can bring. The central bank left rates unchanged on Wednesday, as widely expected, but surprised some […]
OSAKA, Japan — This second-biggest Japanese city is the birthplace of the Nomura Group, which began as a money exchange business founded by Tokushichi Nomura in 1872. It expanded through the efforts of his eldest son and namesake who established Osaka Nomura Bank in 1918 and Nomura Securities in 1925. Today, it has become Japan’s […]
I received a job offer from another company giving me better pay and perks. I’m having second thoughts in accepting it because of my 15 years of service with my current employer, plus the fact that I’m comfortable with my boss, who is treating me like his own son. I’m also enjoying the company of […]
The justification for “Pride Month” hinges on the argument that the LGBTQIA++ (as unilaterally labeled by the Supreme Court, see its Memorandum dated May 12, 2023) is a “marginalized” community, hence in need of special recognition and (by implication) protection. MARGINALIZED BUT CELEBRATED? But is the LGBTQIA++ truly a marginalized community? As previously stated in […]
THE TOURISM INDUSTRY’S contribution to Philippine economic output rose in 2022, driven by the continued easing of travel restrictions, data released on Thursday showed. Read the full story.