Category: Hot News

GILAS Pilipinas 3×3 women stood its ground but still stumbled late in a 17-10 defeat to New Zealand in the knockout quarterfinals of the 2023 FIBA 3×3 Asia Cup on Sunday at the Singapore Sports Hub OCBC Square. Inspired by a huge win over No. 7 Iran in pool phase to advance in the playoffs, […]

THE PHILIPPINES flattened a listless Hong Kong, 7-0, on Sunday to set in motion its world cup bid in the Women’s Softball Asia Cup at the LNG Sports Town field in Incheon, South Korea. It was an impressive start for the ambitious Blu Girls, who are eyeing not just the continental crown but also one […]

ALYSSA Valdez will captain the ship when the Philippine women’s volleyball team sails into battle in the 32nd Phnom Penh Southeast Asian Games next month. The face of Philippine volleyball received the honor as national team skipper yesterday when the Philippine National Volleyball Federation bared the 14-strong roster waging war in the biennial games slated […]

LONDON — Gabriel Jesus scored his first goals for six months as Arsenal maintained control of the Premier League title race with a 4-1 defeat of relegation-threatened Leeds United on Saturday. Mr. Jesus, starting a league game for the first time since returning from a knee injury last month, converted a 35th-minute penalty after being […]

It wasn’t exactly the way a battle between reigning Conference finalists was supposed to be set up. The Heat, who were five points from being East titleholders last season, headed into yesterday’s set-to angling to win for better positioning in the play-in tournament. Interestingly, the Mavericks, who nearly became the West’s best last year, were […]

A UNIT of Metro Pacific Tollways Corp. (MPTC) said the target for fully completing the Cavite-Laguna Expressway (CALAX) is now 2024 if right-of-way (RoW) issues are resolved. The project, with the Department of Public Works and Highways as its implementing agency and MPTC unit MPCALA Holdings, Inc. as its private proponent, started in 2015. “Within […]

THE Energy Regulatory Commission (ERC) has ordered distribution utilities to file the emergency power supply agreements (EPSAs) they have entered into with generation companies. “The DoE (Department of Energy) has been receiving many requests for exemption (from power procurement rules). So, we said it is better that instead of issuing a show cause order, we […]

SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell 61.2% in January, the Bureau of the Treasury (BTr) said. The BTr said budgetary support to GOCCs stood at P1.112 billion in January, lower than the P2.869 billion recorded a year ago. It also decreased by 96.5% from the P32.07 billion supplied to GOCCs in December. […]

TRADE Secretary Alfredo E. Pascual declared his support for the proposed Internet Transactions Act, citing the need for consumer protection in growing the e-commerce market. “The  bill seeks to strengthen trust in e-commerce and online transactions. At the heart of this highly anticipated legislative measure are mechanisms such as the Online Business Registry (OBR) and […]

THE record trade deficit in 2022 has been revised slightly lower to $58.24 billion from the $58.32 billion initially reported, the Philippine Statistics Authority said. The revised deficit in 2021 was $42.19 billion. The 2022 deficit is the largest since 1991, the earliest year for which the indicator is available. The value of merchandise exports […]

THE retail price of fertilizer has declined year on year but remains at elevated levels due to disruptions in global supply, a Fertilizer and Pesticide Authority (FPA) official said. Rowena C. Reyes, supervising agriculturist at the FPA’s Fertilizer Regulation Division, said demand for fertilizer has been stable, but other factors such as trade disruptions caused […]

LAND BANK of the Philippines (LANDBANK) launched a loan program on Sunday to finance local government unit (LGU) tourism facilities and services, as well as tourism enterprises accredited with the Department of Tourism. The bank allocated an initial P5 billion for the Tourist Infrastructure and Services Mobilization program, it said in a statement. “LANDBANK is […]

Notice of Annual Stockholders’ Meeting Please be notified that the Annual Meeting of Stockholders of Semirara Mining and Power Corporation (the “Corporation”) will be held on May 2, 2023,[1] Tuesday at 10:00 a.m. and will be conducted by remote communication at https://www.semirarampc.com/asm with the following agenda: Agenda Call to Order and Proof of Notice of […]

THE WORLD BANK downgraded its growth forecast for the Philippines this year, as high inflation weighs on consumption.   In its East Asia and the Pacific Economic Update report released on Friday, the multilateral lender trimmed its gross domestic product (GDP) growth projection to 5.6% from the 5.8% forecast given in October.   This is below the […]

MORE short-term foreign funds left the Philippines in February, ending four straight months of inflows, based on data from the Bangko Sentral ng Pilipinas (BSP).   Transactions on foreign portfolio investments registered with the central bank through authorized agent banks posted a net outflow of $531.27 million in February.  This is a reversal of the $292.12 million […]

HOUSING prices across the Philippines grew at a faster annual pace in the fourth quarter, driven by strong demand for duplex housing units and condominium units, Bangko Sentral ng Pilipinas (BSP) data showed.    Based on data from the central bank, the Residential Real Estate Price Index (RREPI) rose 7.7% year on year in the fourth quarter, […]

FLYING Tiger Copenhagen, the variety retailer that sells everything from water guns to yoga mats, plans to push into Asia to more than double its number of stores globally.Chief Executive Officer Martin Jermiin said the Danish chain has already signed contracts covering about half of the new 1,000 outlets it will open over the next five […]