THE PHILIPPINE PESO would probably breach its weakest level of P59 a dollar hit in October last year if it continues to weaken to P56.50 in the short term, according to foreign exchange brokerage FBS. “In the less likely scenario that the price breaks and holds above the level of P56.50, the price may move […]
Category: Hot News
3rd of BoI-approved applications to consist of renewable projects
THE Board of Investments (BoI) said renewable energy (RE) investments could account for a third of its P1.5 trillion target for investment approvals. BoI Chairman and Trade Secretary Alfredo E. Pascual told reporters last week that other significant investments are expected to be made in related industries like solar cell manufacturing. “We are also talking […]
New power projects to stabilize electricity supply in 2-3 years
THE Department of Energy (DoE) said the power supply is expected to stabilize over the next two or three years with the construction of new generating projects. “We hope that this will remain stable not only this year but with incoming new power sources also in the next two to three years,” Energy Secretary Raphael […]
El Niño expected to slash Southeast Asia rice output
A LOOMING El Niño dry spell is expected to reduce rice production in Southeast Asia, raising the prospect of higher food prices, the World Bank said. “The rapid emergence of El Niño has raised concerns about possible impacts on rice production in South and Southeast Asia, which could trigger further price increases that could hurt […]
Farm industry seeks relief from NLEX toll hike to keep food prices in check
THE agriculture industry sought relief from a recent toll hike on the key highway leading to the north of the capital, arguing that food delivery trucks need to be allowed free passage to minimize the impact on food prices. “Food deliveries especially perishable basic commodities (should be granted free passes)… mas maganda sana para minimal […]
PAGCOR announces crackdown on Clark offshore gaming operators
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it is cracking down on illegal offshore gaming activities in the Clark Freeport Zone. PAGCOR Assistant Vice-President for Offshore Gaming Licensing Jessa Mariz R. Fernandez said in a statement that the regulator will impose heavier sanctions on licensed offshore gaming operators and accredited service providers who violate […]
Fisherfolk in West Philippine Sea outpost to receive free gear from BFAR
THE Bureau of Fisheries and Aquatic Resources (BFAR) said on Monday that it will provide P4.95 million worth of equipment and capacity-building programs to fisherfolk on Pag-asa Island in the Spratly Islands. In a statement, the BFAR said that the equipment will be transported by offshore patrol vessel BRP Francisco Dagohoy (MMOV 5002), which the […]
With great power comes great responsibility
Yesterday marked the 125th anniversary of the Philippine Independence, marking the day President Emilio Aguinaldo proclaimed the country’s rejection of Spanish colonial rule in Kawit, Cavite. The observance is meant to reminds us of the sacrifices made by our ancestors to secure our freedom. A live-action film that is currently showing in cinemas, Disney’s The […]
Philippine merchandise trade performance
The Philippines’ trade deficit in goods narrowed to its two-month low in April, as imports and exports contracted by double digits to their lowest level in almost three years, the Philippine Statistics Authority reported on Friday. Read the full story.
Philippine Merchandise Trade
The Philippines’ trade deficit in goods narrowed to its two-month low in April, as imports and exports contracted by double digits to their lowest level in almost three years, the Philippine Statistics Authority reported on Friday. Read the full story.
Obiena leads PHL athletics team at Thai Olympic qualifying meet
FRESH from registering the best pole vault performance in Asian history, EJ Obiena will lead the 23-strong Philippine team seeing action in the Asian Athletics Championships on July 12-16 in Pattaya, Thailand, where they also seek qualification points to next year’s Paris Olympics. Two days ago, the World Championship bronze medalist made the elite six-meter […]
French Open toughest to win, making Paris record more special — Djokovic
PARIS — Novak Djokovic said winning a record 23rd men’s singles Grand Slam title at the French Open after beating Norway’s Casper Ruud 7-6(1) 6-3 7-5 Sunday was special given that it was always his toughest one to win. The Serbian has now won the most Grand Slams of any male player and is the […]
La Salle, Letran gun for second wins in D-League semis
Games Today (Filoil EcoOil Centre, San Juan) 2 p.m. — University of Perpetual Help System Dalta vs EcoOil-La Salle 4 p.m. — Wangs Basketball @27 Strikers-Letran vs Marinerong Pilipino-San Beda ECOOIL-LA SALLE shoots for a finals return trip as Wangs Basketball @27 Strikers-Letran tries to extend its winning tradition with a potential championship showdown in […]
Ardina falters in final round of Shoprite LPGA Classic
DOTTIE Ardina stumbled to a closing three-over 74 and fell way down the final standings at joint 49th in the Shoprite LPGA Classic Sunday in Galloway, New Jersey. Starting the day at No. 13, Ms. Ardina struggled mightily in the last push, missing six fairways and seven greens in regulation and needing 31 putts to complete […]
Ferrari returns to win centenary 24 Hours of Le Mans
FERRARI won the centenary edition of the 24 Hours of Le Mans on Sunday, with Italian Alessandro Pier Guidi driving the last stint to the chequered flag, for the marque’s first overall victory in 58 years. The success after 342 laps of the Sarthe circuit in north-west France ended a run of five straight triumphs […]
US economic support out of step with expanded PHL defense ties
By Kyle Aristophere T. Atienza and Beatriz Marie D. Cruz, Reporters THE PHILIPPINES should demand more economic pledges from the United States as the two countries boost their ties in military defense, analysts said. Washington has yet to boost its partnership with Manila on the economic front — something that China has exploited as it […]
Marcos vows to bring economic freedom on Independence Day
THE PHILIPPINES would never bow down again to any external force and address continuing barriers to economic freedom, President Ferdinand R. Marcos, Jr. said on Monday as the country celebrated the 125th anniversary of its independence from Spain. “The heroes of our liberation will be proud now that we have thrown off the ominous yolk […]
COVID positivity rate in Metro Manila declines, up in some provinces
THE CORONAVIRUS infection rate in the capital region and other parts of the country has been decreasing, pandemic monitoring group OCTA said on Monday. The seven-day positivity rate in Metro Manila decreased to 11.6% on June 10 from 16.7% a week earlier, OCTA fellow Fredegusto P. David said in a tweet. On the other hand, […]
14,360 evacuated as lava flows from Mayon
ALMOST 4,000 families in Albay province have been evacuated as of Monday following Mayon Volcano’s increased activity since last week, with lava having started to flow in the past 24 hours. Of the 14,360 displaced persons, 13,792 are spread across 22 evacuation centers while the rest have sought shelter elsewhere, according to the June 12 […]
Stocks end week lower as market looks for leads
LOCAL EQUITIES declined on Friday as investors stayed on the sidelines as they awaited fresh leads. The benchmark Philippine Stock Exchange index (PSEi) fell by 32.21 points or 0.49% to close at 6,507.15 on Friday, while the broader all shares index went down by 8.53 points or 0.24% to end at 3,476.18. Week on week, […]