Category: Hot News

BACOLOD Tay Tung High School and National University-Nazareth School (NU-NS) extend their perfect runs with hard-earned victories against gritty counterparts to barge into the Final Four of the 2023 Shakey’s Girls Volleyball Invitational League (GVIL) Sunday at the San Andres Gym in Manila. Bacolod needed everything it got to tame University of Santo Tomas (UST), […]

By Luisa Maria Jacinta C. Jocson, Reporter EL NIÑO may weigh on Philippine economic growth this year, as the agriculture sector is vulnerable to severe dry spells brought by the weather phenomenon, analysts said. “The El Niño phenomenon’s impact is big (on) the agriculture sector but has economy-wide effects as well. Strong El Niño events […]

THE MARCOS administration’s plan to revive the Philippine Sugar Corp. (PHILSUCOR) has raised concerns from stakeholders, who said this may duplicate other agencies’ existing programs for sugar farmers. President Ferdinand “Bongbong” R. Marcos, Jr. said the revival of PHILSUCOR, which was abolished by his predecessor in 2018, was one of the suggestions made during a […]

THE DEPARTMENT of Energy (DoE) is adopting a whole-of-government approach to expedite the processing of permits and requirements for offshore wind (OSW) energy projects. The DoE issued the implementing rules and regulations (IRR) for Executive Order (EO) 21, which establishes the policy for OSW development. Energy Secretary Raphael P.M. Lotilla signed the IRR on May […]

By Justine Irish D. Tabile, Reporter THE Ayala group and the local unit of a Singapore-based service provider plan to build a 124-megawatt data center that they claim to be the largest in Metro Manila. In a launching event on Thursday, ST Telemedia Global Data Centres (Philippines) — a joint venture between Globe Telecom, Inc., […]

ORTIGAS Land Corp. on Thursday launched its 52-storey mid-market residential tower at the Ortigas Center called Olin at Jade Drive, which it aims to complete in the next six years. “This newest development is very exciting for us as this launches our venture into the mid-market segment within the Ortigas CBD (central business district),” Ortigas […]

PHILIPPINE motorcycle sales increased by 16.7% in the first three months of the year amid surging demand, said a sellers’ association, as it expects a 10% sales growth for 2023. Motorcycle Development Program Participants Association, Inc. (MDPPA) said in a statement on Thursday that the motorcycle sales of its group members — Honda, Kawasaki, Suzuki, […]

THE BOARD of directors of Ayala-led ACEN Corp. has approved the availing of credit facilities amounting to about P7.8 billion from two financial institutions. In a disclosure to the stock exchange on Thursday, the company said its board had approved the “execution and availment” of credit facilities with China Banking Corp. for P5 billion. It […]

MANILA WATER Co., Inc. expects its P8.2-billion Calawis water supply system project to be completed next month. In a statement on Thursday, the east zone water concessionaire said the Calawis project will provide an additional 80 million liters per day of treated water to about 919,784 population in Antipolo City and nearby towns. The project […]

STI EDUCATION Systems Holdings, Inc. reported on Thursday that its attributable net income during the three months ending March rose 47.4% to P352.39 million from P239.09 million a year ago. In the company’s financial statement, it reported a 24.1% jump in revenues during the quarter to P982.2 million from P791.55 million, driven by a 14% […]

THE VALUE and volume of electronic fund transfers done through PESONet and InstaPay rose as of end-April from a year ago, data from the Bangko Sentral ng Pilipinas (BSP) showed. The combined value of transactions done via the BSP’s automated clearing houses InstaPay and PESONet climbed by 30.1% to P3.80 trillion as of end-April from […]

(Editor’s note: This article contains plot spoilers.) SOCIETY’s understanding of technology and cybersecurity often is based on simple stereotypes and sensational portrayals in the entertainment media. I’ve written about how certain scenarios are entertaining but misleading. Think of black-clad teenage hackers prowling megacities challenging corporate villains. Or think of counterintelligence specialists repositioning a satellite from […]

2GO Group, Inc. has filed a petition to finally delist from the main board of the Philippine Stock Exchange (PSE) effective on July 17. In a regulatory filing on Thursday, 2GO said the voluntary delisting was proposed by and is fully supported by its two major shareholders, SM Investments Corp. (SMIC) and Trident Investments Holdings […]

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THE PLANNED CUT in banks’ reserve requirement ratio (RRR) could increase banks’ profits as this would allow them to use more of their cash to fund their loans. Banks that are more aggressive in expanding their loan book could benefit more from the planned RRR cut, Fitch Asia-Pacific Financial Institutions Director Tamma Febrian said in […]

President Ferdinand R. Marcos, Jr. has approved the proposed five-year extension of an automotive incentives program currently participated in by two manufacturers, according to the Private Sector Advisory Council (PSAC). The extension of the six-year Automotive Resurgence Strategy (CARS) program will “continue to provide incentives and support for manufacturers that meet specific requirements in terms […]

Philippine central bank Governor Felipe Medalla signaled an extended pause on interest rates, as easing inflation reduces the odds for more hikes and the economy doesn’t yet need cuts to support expansion. “Right now the economy is strong,” Mr. Medalla said in an interview with Bloomberg Television’s Haidi Stroud-Watts and Shery Ahn on Friday. “That’s […]