MARIE Antoinette San Diego has been dreaming of becoming national champion since childhood. The search for the 23-year-old Dasmariñas-based Woman International Master (WIM) could be over in a couple of days. Ms. San Diego escaped the upset axe from Franchesca Largo with a 33-move draw of a Queen’s Pawn London System to continue to lead […]
Category: Hot News
Fury taunts Usyk after beating Chisora to retain WBC title
LONDON — Britain’s Tyson Fury roared out a challenge to rival heavyweight world champion Oleksandr Usyk of Ukraine after retaining his WBC title with a savage 10th round stoppage of compatriot Derek Chisora on Saturday. Fury’s one-sided victory in front of 60,000 fans packing Tottenham Hotspur’s North London stadium on a chilly December night completed […]
Brooks defeats strawweight champion Pacio in ONE Championship
JOSHUA Pacio relinquished his strawweight title to American challenger Jarred Brooks, absorbing a unanimous decision loss as ONE Championship marked its Philippine comeback for ONE 164 after almost three years due to the pandemic. Despite the jampacked Filipino crowd at the Mall of Asia Arena rallying behind him, the Team Lakay stalwart could not get […]
Playing with passion
The Bucks did well to end their weekend on a high note. Their victory over the Hornets on the road yesterday was most certainly a morale-boosting one. The second game of a back-to-back set does not typically lend itself well to success, but they played with passion to dominate the stat sheet and win with […]
Mindanao railway attracting interest from ‘other countries’
By Arjay L. Balinbin, Senior Reporter MORE COUNTRIES have expressed interest in building the Mindanao railway project, according to the Department of Transportation (DoTr). “There are other countries who have expressed interest in the project in general,” Undersecretary for Planning and Project Development Timothy John R. Batan told BusinessWorld in an interview recently. The 1,544-kilometer railway will connect Davao […]
SMC Global Power offers Ilijan capacity to Meralco
SMC Global Power Holdings Corp., the power arm of San Miguel Corp. (SMC) has offered the capacity of its Ilijan natural gas to Manila Electric Co. (Meralco). In a statement on Sunday, SMC President Ramon S. Ang said the offer covers the full 1,200 megawatts (MW) capacity of the Ilijan plant, which accounts for about […]
Semirara sees ‘difficult’ year for power in 2023, relief from LNG imports to depend on price
ISIDRO A. CONSUNJI, chairman and executive officer of Semirara Mining and Power Corp., said in a briefing on Friday that he expects power prices to continue rising next year, with any relief to be provided gas imports, which will start arriving in significant volumes in 2024, to depend on how high gas prices will be. […]
Foreign chambers want hybrid vehicle imports included in zero-tariff scheme
IMPORTS of hybrid electric vehicles (EVs) should be accorded zero-tariff entry alongside full EVs, foreign business chambers said. The zero-tariff policy proposed by the National Economic and Development Authority (NEDA) covers EVs only. Bradley Norman, Australian-New Zealand Chamber of Commerce Philippines vice-president, said in a briefing last week that including hybrid EVs in the zero-tariff […]
EO expediting business permit issuance seen complementing ARTA functions
THE Department of Trade and Industry (DTI) said an executive order (EO) expediting business permits to be issued soon by President Ferdinand R. Marcos, Jr. will complement the functions of the Anti-Red Tape Authority (ARTA). Trade Secretary Alfredo E. Pascual said in a statement over the weekend that the EO is also expected to generate […]
Brace for impact: The future of taxation
In a span of three months, we have published a series of articles based on carefully curated topics from the first-ever SGV Tax Symposium held on Aug. 7. These articles covered pivotal areas and emerging developments in taxation significantly affecting the business landscape in the Philippines. In this last article of the 1st SGV Tax […]
Senate told to rein in parochial interest in 2023 budget measure
POLITICAL analysts said all local infrastructure projects should have been identified already to avoid lump sum appropriations in the budget. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Alyssa Nicole O. Tan, Reporter THE SENATE should ensure that the bicameral version of next year’s budget bill aligns with national priorities rather than local interests, political analysts […]
Senate bill seeks to further strengthen consumer rights
A SENATOR has filed a bill that seeks to shut down establishments that sell, make, produce or import substandard and hazardous products to protect consumers. “This bill aims to further strengthen consumer rights in the country and promote fair trade standards for the entire economy,” Senator Sherwin T. Gatchalian, who filed Senate Bill 942, said […]
DepEd to offices, schools: No mandatory contributions for Christmas parties
THE DEPARTMENT of Education (DepEd) has issued a memorandum directing its offices and public schools to observe belt-tightening measures during this year’s Christmas celebrations as Filipinos cope with “difficult economic times.” DepEd entities should make their celebrations “simple yet meaningful,” Vice President and Education Secretary Sara Duterte-Carpio said in a department order. They should keep […]
CAAP beefs up security at airports for holiday travel surge
THE CIVIL Aviation Authority of the Philippines (CAAP) has increased security at airports in anticipation of the surge of travelers during the Christmas and New Year holidays. In a statement on Sunday, CAAP said it has coordinated with government agencies operating at airports, including the Office of Transportation Security and the Philippine National Police Aviation […]
Cotabato gears up for banana flour processing plant project
BANANA growers and other industry stakeholders in the southern province of Cotabato are preparing to set up a banana flour processing plant, to be located at an agro-industrial park in the town of M’lang. In a gathering organized by the provincial agriculturist office last week, producers, traders and processors discussed the requirements of a sustainable […]
SC to condense coverage for next year’s bar exams
SOME topics in next year’s bar exams will be combined as part of initiatives to modernize the implementation of the test for aspiring lawyers, the Supreme Court (SC) announced. Commercial law and taxation law will be merged since they are similar fields of practice, while remedial law and judicial ethics will be combined since these […]
Factory activity inches higher in Nov.
By Luisa Maria Jacinta C. Jocson, Reporter FACTORY ACTIVITY in the Philippines expanded for a tenth month in a row in November, although jobs fell for the first time since March, a survey by S&P Global showed on Thursday. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) inched up to 52.7 in November, from […]
WB sees slower growth in PHL remittances in 2023
Passengers wait inside the Ninoy Aquino International Airport Terminal 3 in Pasay City, Oct. 29. The growth in remittances is expected to slow next year amid a looming global economic slowdown. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Keisha B. Ta-asan, Reporter REMITTANCE INFLOWS to the Philippines are expected to rise by 3.6% this year, […]
Century Properties to open mid-scale hotel in Manila
PROPERTY developer Century Properties Group, Inc. (CPGI) is set to open a mid-scale hotel in Mandaluyong City on Dec.15, targeting to cater to tourist influx during the holidays. “December is an opportune time for Novotel Suites Manila to open as Century Properties can actively participate and address the demand surge for tourism and leisure travel,” […]
D.M. Consunji’s order book down 8% as projects ease
D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period last year amid a slowdown in project bidding and contract awarding. In a press release on Thursday, its parent firm DMCI Holdings, Inc. said the “moderate” decrease was recorded for both […]