This infographic compares the current minimum wages set by the country’s Regional Tripartite Wages and Productivity Board and the inflation-adjusted minimum wages as of November, based on latest data by the Philippine Statistics Authority. While the current minimum wages are determined at the regional level to account for factors such as companies’ capacity to pay […]
BRITISH musician Elton John quit Twitter on Friday, the latest high-profile celebrity to leave the social media platform following its acquisition by billionaire Elon Musk. Mr. John, who is currently on his last-ever global tour, blamed Twitter’s recent policy change as a reason for quitting. “All my life I’ve tried to use music to bring […]
LOANS sought by local government units (LGUs) fell by 65.42% as of end-November, the Bureau of Local Government Finance (BLGF) reported. Loan requirements of LGUs reached P31.06 billion in the 11-month period, lower than the P89.83 billion posted in the same period a year earlier. Debt applications are extracted from the BLGF-issued certificates of net […]
THE Intellectual Property Office of the Philippines (IPOPHL) has recorded a 40% decline in the number of reports and complaints related to counterfeiting and piracy from January to November on the back of increased public awareness. Teodoro C. Pascua, IPOPHL deputy director general, said in a media briefing on Monday that the agency has recorded […]
IN the UK, the upcoming New Year’s Eve will be the first without any government-imposed guidelines in three years. To celebrate, top hotels will be breaking out the Champagne. “It will be an extra special occasion this year,” says Kurt Macher, general manager of London’s Shangri-La Hotel at the Shard, which has spectacular views of […]
The headline inflation climbed to 8% in November from 7.7% in October and 3.7% a year ago, reaching a 14-year high since the 9.1% reading in November 2008 during the global financial crisis. The headline figure is near the higher end of the central bank’s 7.4-8.2% forecast range for November, and marked the eighth straight […]
1 of 15 Joji Kehlani Jackson Wang “Come Alive” Livestream the Eraserheads’ reunion concert FANS who are unable to attend the concert onsite at the SMDC Festival Grounds, Eraserheads: Huling El Bimbo will be available on pay-per-view via Cignal TV on Dec. 22 for P650. To order, visit https://cignal.tv/article/2966/eraserheads-huling-el-bimbo-ppv. Disney+ shows Simpsons Christmas short DISNEY+ […]
METRO PACIFIC Investments Corp. (MPIC) has been recognized at the 12th Asian Excellence Awards 2022 of Corporate Governance Asia for its work in corporate governance, investor relations, and corporate social responsibility. The firm received accolades, including Asia’s Best CEO (Investor Relations) for Manuel V. Pangilinan, Asia’s Best CFO (Investor Relations) for Chaye Cabal-Revilla, Best Investors […]
MANHATTAN apartment rents climbed slightly in November after three months of declines. But the market isn’t returning to the hypercompetitive heights of the summer. The median rent rose 2.1% from October to $4,095, the third-highest level ever recorded by appraiser Miller Samuel, Inc. and brokerage Douglas Elliman Real Estate. Yet there were also indications that […]
SHANGHAI/HONG KONG — For more than a decade, Chinese developers’ debt-fueled construction boom enriched the country’s shadow banks, who were eager to capitalize on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate firms’ debt binge, that credit demand […]
Here’s a quick glance at how PSEi stocks fared on Monday, December 12, 2022.
THE MAIN INDEX closed nearly flat on Monday after oil prices dropped on Friday and as investors look for catalysts ahead of central bank meetings this week. The 30-member Philippine Stock Exchange index (PSEi) inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 […]
THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year. The local currency ended at P55.65 against the greenback […]
By John Victor D. Ordoñez, Reporter PRESIDENT Ferdinand R. Marcos, Jr. on Monday gave assurance that the Philippine government aims to enhance the training of Filipino seafarers after the European Union (EU) raised concerns on compliance with global standards last month, according to the presidential palace. “We cannot leave it hanging like this,” the president […]
THE PHILIPPINES tallied 8,292 new coronavirus infections from Dec. 5 to 11, higher by 7% from a week earlier, health authorities said on Monday. There was an average of 1,185 new daily cases in the past week, six of which were severe, the Department of Health (DoH) reported. DoH verified a total of 156 deaths, […]
PRESIDENT Ferdinand R. Marcos, Jr. has appointed Eduardo “Eddie” G. Guillen, a former mayor of Piddig town in Ilocos Norte, as acting administrator of the National Irrigation Administration (NIA). Mr. Guillen will replace former NIA administrator Benny D. Antiporda, according to an appointment letter dated Dec. 9. “By virtue hereof, you may qualify and perform […]
ERWIN T. Tulfo’s appointment as Department of Social Welfare and Development secretary is unlikely to receive confirmation before Congress goes on Christmas break, the Senate president said on Monday. “He will be bypassed… and then he will have to be reappointed by the president shorty after that,” Senate President Juan Miguel F. Zubiri told a […]
STUDENT groups on Monday signed a unity statement against the proposed mandatory military training at the tertiary level, citing its adverse impact on critical thinking and the additional financial costs that it entails. “This is still a form of campus militarization. We know that this act of providing a new face to the mandatory ROTC […]
PHILIPPINE STOCKS may see a volatile trading week ahead of the policy meetings of both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The bellwether Philippine Stock Exchange index (PSEi) added 54.96 points or 0.84% to close at 6,580.12 on Friday, while the broader all shares index increased by 11.54 points or […]
THE PESO may continue to climb against the dollar this week in anticipation of rate hikes from the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), as well as the release of US consumer inflation data. The local unit closed at P55.37 per dollar on Friday, strengthening by eight centavos from its P55.45 […]