Category: Hot News

DITO Telecommunity Corp. is set to launch postpaid and enterprise product offerings by June this year, company officials said on Thursday. “In June, we are launching our postpaid plans. That’s going to affect this significantly. In June, we are going to enter the enterprise business. We will be offering things to companies, small enterprises — […]

Face 2 Face makes a comeback EVERYBODY loves a good fight, and no one showed them like Face 2 Face did from 2010 to 2013 on TV5. THE SHOW, originally hosted by Amy Perez, then by Gelli de Belen, pitted two opposing parties against one another, facing disparate issues such as unpaid rent, stolen items […]

THE Securities and Exchange Commission (SEC) is considering an increase in the fines and penalties imposed on corporations for the late and non-filing of their annual financial statements and general information sheet, it said in a media release on Thursday. In its proposed guidelines, the commission will raise penalties by 20% from the base penalty […]

WALT Disney Co. sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensifying a battle between a global entertainment giant and a likely White House contender. In its lawsuit, Disney accused Mr. DeSantis and his supporters of illegally using the state government to punish […]

GLOBE Telecom, Inc.’s users have the best experience in video, games and voice applications in the first quarter of the year, global consumer analyst Opensignal said. In a study Opensignal conducted from January to March, it found that aside from Globe replacing Smart Communications, Inc. as the outright winner for all three overall experiential awards, […]

THE Philippines remains a strong market for the National Basketball Association (NBA) with a significant number of viewers, NBA Asia Managing Director Ramez Sheikh said. The NBA Philippines boasts 15 million social media followers, as well as a 169% increase in direct-to-consumer product subscriptions, he told reporters on April 27. The NBA’s television viewership in […]

By Abigail Marie P. Yraola, Researcher RETAIL PRICE growth of general goods in Metro Manila eased in March, the slowest in three months, the Philippine Statistics Authority (PSA) said on Friday. According to preliminary data from the statistics agency ,the general retail price index (GRPI) in the National Capital Region (NCR) slowed to 6% last […]

The Management Association of the Philippines (MAP) announced on Thursday a program aimed at supporting 15 “promising” local startups from different industries. The Scale program is being carried out in partnership with PWC Philippines, QBO Innovation Hub, Foxmont Capital Partners, and the Department of Trade and Industry (DTI), MAP said in an e-mailed statement. The […]

Headline inflation likely further slowed in April due to lower electricity rates and easing food and cooking gas prices, the Bangko Sentral ng Pilipinas (BSP) said. In a statement on Friday, the Philippine central bank said inflation likely settled within the 6.3-7.1% range in April, slower than the 7.6% in March. If realized, inflation would […]

MANILA – The Philippines Coast Guard said on Friday it was involved in a confrontation with Chinese vessels that made “dangerous maneuvers” in the South China Sea, the latest in a string of tense maritime interactions between the two countries. The incident occurred as the Coast Guard undertook a week-long patrol in the strategic waterway […]

Car and home loans in the Philippines are jumping while credit cards are being swiped relentlessly to pay for travel and dining in signs that 16-year-high borrowing costs aren’t deterring Filipinos from spending. Bank of the Philippine Islands saw a 40% increase in housing loans and 30% rise in auto loans in the first quarter […]

Globe welcomed four new Directors to its board on Tuesday as it delivered its full-year 2022 report to its stockholders, looking forward to sustained business growth as the economy continues to bounce back from the worst of the pandemic. The new directors– Singtel’s Tan Mee Ling Aileen, seasoned banker Natividad Alejo, bank executive Ramon Jocson, […]

LOCAL STOCKS climbed on Thursday on improved market sentiment amid strong corporate financial results. The bellwether Philippine Stock Exchange index (PSEi) rose by 43.44 points or 0.66% to close at 6,583.68 on Thursday, while the broader all shares index went up by 16.60 points or 0.47% to 3,508.86. “The market was up due to upbeat […]

THE PESO declined further against the dollar on Thursday due to month-end corporate demand for the greenback. The local currency closed at P55.72 versus the dollar on Thursday, depreciating by 10 centavos from Wednesday’s P55.62 finish, data from the Bankers Association of the Philippines’ website showed. The local unit opened Thursday’s session at P55.68 per […]

THE vacancy rate for Metro Manila office property in the first quarter is expected to peak later in the year, with rents under pressure because of evolving workplace practices and additional supply coming onto the market, Colliers Philippines said. “Despite more optimistic forecasts from industry groups, headwinds continue to pose challenges to the office market, […]

A HOUSE panel approved a bill on Thursday which seeks to systematically identify and determine the best use of land. The proposed National Land Use Act will guide “communities to make informed decisions about how their land is used,” Nueva Ecija Rep. Rosanna V. Vergara, who chaired the technical working group that made adjustments to […]

OUTPUT of palay (unmilled rice) is estimated to have risen 5.7% year on year in the first quarter, running below initial forecasts, according to the Philippine Statistics Authority (PSA). In a report, the PSA estimated palay production at 4.79 million metric tons (MT), based on the standing crop as of Feb. 1. The estimate is […]