THE MANILA International Airport Authority (MIAA) and various airlines advised passengers traveling this week to take into consideration the planned strike of some land transport operators starting March 6. “In anticipation of the effects of a planned transportation strike by various transport groups, the MIAA urges all air passengers to give ample time from the […]
Category: Hot News
VP Sara lambasts jeepney strike, teachers’ group
VICE PRESIDENT and Education Secretary Sara Duterte-Carpio on Sunday hit the planned week-long jeepney strike, saying it is “communist-inspired” and a barrier to government efforts to address the country’s education problems. “The transport strike is a painful interference in our efforts to provide solutions to the problems besetting our education system and will only exacerbate […]
LANDBANK approves P6.9 billion in loans for modern jeepneys
LAND BANK of the Philippines (LANDBANK) approved P6.9 billion in loans for the purchase of modern jeepneys as of Jan. 31, the state-owned lender said on Sunday. The bank said that under the Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles (SPEED PUV) program, it will lend to 144 transport cooperatives and corporations nationwide […]
PHL slumps in economic freedom index
The Philippine economy slipped nine spots to 89th out of 176 countries in the economic freedom index by The Heritage Foundation. — PHILIPPINE STAR/EDD GUMBAN By Revin Mikhael D. Ochave, Reporter THE PHILIPPINE ECONOMY is now considered “mostly unfree” as it dropped nine spots in the latest economic freedom ranking by US-based think tank The […]
Resilient consumption seen to drive growth
THE PHILIPPINE ECONOMY is expected to expand by 5.8% this year as consumer spending remains resilient, ANZ Research said. In a note on Thursday, ANZ Research said it raised its gross domestic product (GDP) forecast for 2023 “because the strength in private consumption will be partially offset by weaker fiscal spending and global demand.” ANZ […]
BSP sets June 30 deadline for full adoption of QR Ph
THE BANGKO SENTRAL ng Pilipinas (BSP) gave banks and financial institutions until June 30 to fully adopt the national quick response (QR) code standard, also known as QR Ph, in a bid to accelerate digitalization. In a memorandum signed by BSP Deputy Governor Mamerto E. Tangonan on Feb. 23, the central bank said all […]
Bloomberry turns around with P5-billion income
SOLAIRE operator Bloomberry Resorts Corp. posted an attributable net income of P5.17 billion for 2022, a reversal of the past two year’s losses, as its gaming business bounced back strongly. “2022 was a positive year of recovery for Bloomberry as Solaire benefited from a strong rebound in local demand across all business segments,” Enrique K. […]
MPTC unit taps Chinese company for CAVITEX C5 link
A UNIT of Metro Pacific Tollways Corp. (MPTC) signed a deal with a China-based company to start constructing the second phase of the Manila-Cavite Expressway (CAVITEX) C5 Link Segment 2. In a press release, MPTC said that its subsidiary Cavitex Infrastructure Corp., the concession holder for CAVITEX, inked a partnership with China Road and Bridge […]
Earnings, tamed prices seen to lift stocks in 2023
CORPORATE earnings growth and expectations that inflation will ease after hitting its peak in the first quarter will drive the Philippine stock market’s growth in 2023, analysts said. “Overall, we’re bullish for 2023 in terms of valuation for the PSEi (Philippine Stock Exchange index). I think there are a lot of aspects to sway investors […]
Fewer companies are listing due to regulatory requirements — analyst
COMPANIES are hesitant about holding an initial public offering (IPO) due to the tough regulatory requirements set by the Philippine Stock Exchange, Inc. (PSE), an analyst said. During BusinessWorld Insights on the stock market’s outlook, April Lynn Lee-Tan, COL Financial Group, Inc. chief equity strategist, told forum participants on Tuesday that interest in going public […]
A play on what it means to be a man
TOPICS about manhood and masculinity that are deemed taboo and vulgar are the focus of Dicktalks, a theatrical production of V-Roll Media Ventures that premieres in mid-April. Directed by Phil Noble, the play takes inspiration from Eve Ensler’s popular The Vagina Monologues which broke many taboos when it premiered in 1996. Dicktalks includes open and […]
Scams on fake IKEA websites reach P1.4 million
By Brontë H. Lacsamana, Reporter FRAUDULENT websites claiming to be Swedish home furnishings retailer IKEA have scammed 718 Filipino customers as of March 3, with their transactions collectively reaching P1.4 million, according to Ikea Philippines. As a victim of identity theft, the company has filed a complaint against these websites with the Philippine National Police’s (PNP) cybercrime division. “Ikea […]
More Filipino children engaged in hazardous work — PSA
By Ana Olivia A. Tirona, Researcher Child labor in the Philippines increased in 2021, with more children engaged in hazardous jobs compared with the previous year, data from the Philippine Statistics Authority (PSA) showed. The statistics agency said children, those five to 17 years old, are considered to be working if they are engaged in […]
Globe and Yondu fortifies cybersecurity through Security Ops Center
As part of the company’s steadfast commitment to protecting enterprises against constantly evolving security threats, Globe Business and its managed ICT services partner, Yondu, have officially launched a dedicated state-of-the-art Security Operations Center (SOC) last Feb. 23, 2023 at Taguig City. The advanced technology and secure operations of this local SOC provides fortified cyber intelligence, […]
Interior & Design Manila Lifestyle will be held back-to-back with the Philippine International Furniture Show this March at SMX Manila
Back-to-back events showcase the latest products and innovations for interior designers from March 9 to 11 The first and only trade exposition dedicated to interior designers is rebranding in 2023. This year, Interior & Design Manila is staging two separate events — the first focusing on lifestyle and residential spaces, while the second on hospitality […]
AbotizPower sharpens safety skills in observance of Fire Prevention Month
In support of Fire Prevention Month this March, Aboitiz Power Corporation (AboitizPower) underscores the importance of mitigating fire hazards and risks in its workplaces and power plants for the safety of its most valuable asset: its team members. “With our purpose of transforming energy for a better world, our decisions and strategies begin close to […]
Expanded US access to Philippines bases “not for aggression”, defence chief says
MANILA – A decision by the Philippines to grant the United States greater access to its military bases was “not for engaging in war” but meant to enhance its ability to defend itself against external threats, its defense chief said on Thursday. “The geopolitical situation is becoming more precarious by the day,” Carlito Galvez, office-in-charge of the defense ministry, […]
Philippines’ central bank governor sees 50 bps rate hike if inflation exceeds 9%
PHILIPPINE CENTRAL BANK Governor Felipe M. Medalla said on Friday that in the “worst-case scenario” of inflation rising above 9%, interest rates might be hiked by 50 basis points. Bangko Sentral ng Pilipinas’ (BSP) next rate hike could be 25 or 50 basis points depending on the latest economic data, he said. “Worst-case scenario is […]
Biden, Scholz to ‘get into the weeds’ on Ukraine war, China concerns in Washington
BERLIN/WASHINGTON – German Chancellor Olaf Scholz will hold confidential talks on Friday in Washington with US President Joe Biden about Russia’s war in Ukraine, China and other matters amid signs of strains between the transatlantic partners. Mr. Scholz set off on the one-day trip, which unusually will not include a press delegation, late on Thursday. His visit comes days after Biden‘s security adviser, Jake Sullivan, said that Biden only sent Abrams tanks to Ukraine because Scholz made […]
Malaysia’s Anwar says ASEAN must be tougher in bid to resolve Myanmar crisis
MANILA – Malaysian Prime Minister Anwar Ibrahim said during a visit to the Philippines that the Association of Southeast Asian Nations (ASEAN) must prove it is “relevant” in helping to resolve the crisis in Myanmar. In a pre-recorded interview with Philippine news channel ANC aired on Friday, Anwar said that ASEAN, which is leading diplomatic efforts to bring peace, needed to be more assertive and noted that his country […]