FILIPINO ace Miguel Tabuena closed out with a five-under 67 to finish tied for 16th in the International Series Vietnam yesterday at the KN Golf Links in Vietnam. Mr. Tabuena fired seven birdies to offset a double bogey on the par-4 No. 13 and brought his four-round total to 13-under 275. The Tokyo Olympian, who […]
Category: Hot News
De’Aaron Fox comes up big as Kings knock off Warriors
DE’AARON Fox scored a game-high 38 points in his NBA postseason debut and teamed with Malik Monk for 28 fourth-quarter points as the Sacramento Kings edged the visiting Golden State Warriors 126-123 on Saturday night in Game 1 of their Western Conference first-round series. The game marked the Kings’ return to the playoffs for the […]
Haaland at it again as Man City cut gap to Arsenal
LONDON — Manchester City goal machine Erling Haaland reached yet another milestone in his incredible debut season in the Premier League when his two goals helped his side to beat Leicester City 3-1 and move to within three points of leaders Arsenal on Saturday. The Norwegian’s brace took his tally to 32 goals for the […]
Different Kings
Heading into the playoffs, not a few quarters noted the merits of claiming the sixth seed in the West. Their contention was that the Clippers, Warriors, and the rest of the hopefuls jockeying for a way out of the play-in tournament would do well not to take the fifth spot, and, with it, a first-round […]
Relief for Maynilad users seen after Angat water quota raised
THE Metropolitan Waterworks and Sewerage System (MWSS) expects minimal service interruptions for customers of Maynilad Water Services, Inc. with the increase of the water allocation from Angat Dam. “It will go to Maynilad to minimize interruptions and MWSS is thankful to the NWRB (National Water Resources Board),” Leonor C. Cleofas, MWSS administrator, said in a […]
Competitiveness concerns raised if government fails to stabilize sugar prices
THE Philippine Chamber of Commerce and Industry (PCCI) raised the possibility of falling behind in regional competitiveness if sugar prices do not stabilize, producing knock-on effects on the price of other food products. “We are calling on our government to assure our food manufacturing industry that there is enough and sufficient supply of sugar at […]
Regulator to act on NGCP’s AS appeal this month
THE Energy Regulatory Commission (ERC) expects to rule on a request by the National Grid Corp. of the Philippines (NGCP) to seek monthly extensions on its ancillary services agreements. “We are expecting the evaluation memo this week so we can resolve it within the month,” ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta said […]
Philippines to assume rotating presidency of G24
FINANCE Secretary Benjamin E. Diokno will be appointed the next chairman of the Intergovernmental Group of Twenty-Four (G24), with his term to start in October. During the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB), Mr. Diokno told BusinessWorld that he will chair the governing body of the G24 for […]
Speaker bats for digital infra partnerships with US, India
SPEAKER Ferdinand Martin G. Romualdez has proposed partnerships with the US and India to build digital public infrastructure in the Philippines. “It is very important for the Philippines, India, and the US to lead in this digital public infrastructure initiative because nations have much to gain from this,” he said following the Digital Public Infrastructure […]
Struggle for liveable wage highlights need for more trade unions, labor leader says
By John Victor D. Ordoñez, Reporter THE struggle to make minimum wages liveable points to the need for more trade unions, not just to negotiate for better pay but also to help workers seek better working conditions, the Federation of Free Workers said. “We need to organize more workers (into) labor unions to negotiate collective […]
Future-proofing with the Metaverse
The Metaverse has been positioned as the next phase of the internet. It makes use of several innovations in technology, from extended reality (XR) to artificial intelligence (AI), to enable new digital experiences. With the increasing focus on how to appropriately regulate data and the use of AI, digital governance is becoming even more crucial. […]
BSP survey: Filipino consumers to spend more in Q2
Consumers were less pessimistic in the first quarter due to their positive outlook on the availability of more jobs and permanent employment, higher income, and continued recovery from the public health crisis, according to the Philippine central bank. Read the full story.
From virtual tours to online bookings: The role of satellite internet in tourism’s digital transformation
Tourism was hit hard by the pandemic, but as the world recovers, businesses look to meet new demands and capture growth opportunities. As a result, reliable internet connectivity has become more essential than ever for tourism operators. And, with satellite internet powering guest experiences, marketing, online transaction, and service delivery, the industry is witnessing a […]
Easing prices may spur BSP rate cuts
By Keisha B. Ta-asan, Reporter WASHINGTON, D.C. — The Philippine central bank may cut the key policy rate this year if inflation continues to ease in the next six months, according to its chief. “We already have two very low month-on-month [inflation],” BSP Governor Felipe M. Medalla told reporters on the sidelines of an economic […]
Gov’t may sell dollar bonds to migrant Filipinos in May
THE PHILIPPINE GOVERNMENT may launch next month a retail dollar bond offering that targets Filipino workers overseas, according to the national treasurer. The decision to sell the bonds would be subject to market conditions, National Treasurer Rosalia V. de Leon told reporters on the sidelines of an economic briefing in Washington, D.C. on Wednesday evening […]
Filipino workers need 270 years to earn $1M
FILIPINO WORKERS will need to work in the next 270 years to earn $1 million (P55 million), based on the country’s minimum wages, according to research firm Picodi.com. The Philippines ranked 89th out of 102 countries in the time it would take for an average worker to earn a million dollars, based on a report […]
Route investments from liberalization push to countryside, Marcos gov’t told
By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINE GOVERNMENT should ensure that foreign investments spurred by the liberalization of key public services benefit the countryside, economists said on Thursday. “The amended Public Service Act is expected to push infrastructure further,” Leonardo A. Lanzona, who teaches economics at the Ateneo de Manila University, said in a […]
Cebu Landmasters sets P13.5-billion capex for 2023
LISTED Visayas-Mindanao property developer Cebu Landmasters, Inc. (CLI) has set its capital expenditures (capex) for the year at P13.5 billion, a 23% increase from last year’s P10.98 billion. As per the company’s statement on Thursday, the majority of the capex (83%) will be used for project development, while a smaller proportion (11%) will be used […]
EEI sees benefits from full foreign ownership in industry
YUCHENGCO-led EEI Corp. (EEI) said the construction sector is expected to benefit from the opening of the industry to full foreign ownership. “The structural reforms that promote foreign direct investment such as the Public Services Act (PSA) and the EO (Executive Order) to adopt the Philippine Development Plan, that the government is trying to institute, […]
AGI sees 6% profit rise for 2022
TAN-LED Alliance Global Group, Inc. (AGI) on Thursday reported a 6% rise in net income to P25.2 billion for 2022, up from P23.8 billion previously, boosted by the recovery of its business segments following the country’s sustained recovery. “However, increased inflationary pressures, higher cost of raw material, and ongoing distribution bottlenecks pushed overall costs and […]