1 of 4 Suzuki Philippines rejoins the subcompact fray with an all-new iteration of the Celerio. — PHOTO FROM SUZUKI PHILIPPINES Legroom for the rear passengers has increased. — PHOTO FROM SUZUKI PHILIPPINES The higher variant now boasts the Suzuki Auto Gear Shift (AGS) feature — an “automated manual transmission” with an Intelligent Shift Control […]
Category: Hot News
Unemployment rate dips in March, job quality worsens
By Mariedel Irish U. Catilogo, Researcher The country’s unemployment rate in March eased on a monthly basis to its lowest since the start of the coronavirus pandemic due to further loosening of mobility restrictions, but job quality worsened to a four-month high. Preliminary results of the Philippine Statistics Authority’s (PSA) March round of the Labor Force Survey […]
Trade deficit widens in March
By Bernadette Therese M. Gadon, Researcher THE country’s trade-in-goods deficit widened to a three-month high in March as imports outpaced exports which could dampen the economic output in the first quarter. Preliminary data from the Philippine Statistics Authority (PSA) showed the value of merchandise exports grew by 5.9% to $7.171 billion in March, easing from […]
MSMEs are key to creating unicorn startups
Micro, small, and medium enterprises (MSMEs) may be the key to birthing the next Philippine unicorns, according to a technology accelerator for early-stage startups. A unicorn is a startup with a valuation of over $ 1 billion. “Ninety-eight percent of the Philippine economy is MSMEs. If you can find a way to digitize them and […]
BW Insights: Transforming Philippine Startups into Unicorns
As many of our neighbors are now showing great strides in producing unicorns, the Philippines continues its search for more startups that will further boost the economy as they solve local problems, as well as make waves globally. In order to do so, what should be enhanced or improved within the sector? How do we […]
Bumble offers online trauma support for sexual assault survivors
Dating and networking app Bumble and survivor-led non-profit organization Bloom announced on Tuesday that they are providing online trauma support to Bumble users who report sexual assault or relationship abuse. Bumble members who report sexual assault or emotional abuse to the app’s feedback team will be given any or all of Bloom’s self-guided courses, available […]
Shanghai says China’s worst COVID outbreak under ‘effective control’
SHANGHAI — Shanghai said on Friday it has brought China’s worst outbreak of coronavirus disease 2019 (COVID-19) under effective control following a month-long lockdown of nearly 25 million people, with authorities vowing to stand by their zero-COVID strategy despite mounting economic costs. The number of new COVID infections in China’s financial hub had been on […]
Singapore convicts two linked to $6B penny-stock crash
SINGAPORE — Singapore’s high court has convicted two people over what authorities consider to be the largest market manipulation case in the city-state, a joint statement by the Singapore police and Monetary Authority of Singapore said on Thursday. For almost a decade, Singapore authorities have been investigating suspected trading irregularities tied to a so-called penny-stock […]
Consumers use app to counter record retail fuel prices
Philippine motorcycle enthusiast John Aldwin Bagabagon rode easier than many other local motorcyclists and drivers this year as domestic fuel prices surged to record levels. Mr. Bagabagon, 35, and his family are among 200,000 consumers turning to a homegrown app to secure credits for bulk fuel supplies at low prices, saving about 50% on their […]
Presidential elections may spell fat stock returns
THE eve of Philippine presidential elections could be a good window to plow money into the nation’s equities. In the six months following a presidential election, the Philippine Stock Exchange Index has given world-beating returns in four of the last five times there were polls to elect a new leader. The Philippine Stock Exchange Index […]
French left’s new ‘disobedient’ stance is warning shot for EU
PARIS — Winning next month’s legislative election may be a long shot for France’s new hard-left alliance, but the fact President Emmanuel Macron now faces two eurosceptic opposition blocs should cause concern among France’s European Union partners. The French left this week united under the leadership of a eurosceptic party that wants to “disobey” EU […]
ICTSI net income surges 58% to over $142M
LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Thursday reported a 58% growth in first-quarter attributable net income to $142.3 million from $90.1 million in the same period a year earlier. The increase was “primarily due to higher operating income; increase in equity share in net profit of joint ventures; and strong contribution […]
UP, DLSU dispute last final spot
UNIVERSITY of the Philippines (UP) and De La Salle University (DLSU) collide one more time, locking horns in a win-or-go-home semifinal duel to dispute the last finals ticket and the right to challenge reigning champion Ateneo in the University Athletic Association of the Philippines (UAAP) Season 84 at the Mall of Asia Arena. With only […]
Stuff to do (05/06/22)
1 of 3 Helicopter Flower Drop at ATC Celebrating Mother’s Day at Alabang Town Center ALABANG Town Center will hold a number of activities on May 7 and 8 to celebrate Mother’s Day. Elizabeth Ghal and Dance Theater Manille will hold a dance benefit concert on May 7 at the Activity Center. On May 8, […]
Upskilling program targets first batch of 1,000
THE Philippine Business for Education (PBEd) and Citi Foundation said they have entered into a partnership that will admit 1,000 young people to an 18-month upskilling program. The JobsNext program seeks to enhance employability by offering training in artificial intelligence, engineering, cloud computing, and content production. The target is to train two residents per local […]
VistaREIT, Raslag secure SEC nod on initial public offering
THE Securities and Exchange Commission (SEC) announced on Thursday that it approved the initial public offering (IPO) of VistaREIT, Inc. of up to P9.178 billion and Raslag Corp. worth up to P700 million. In its meeting on May 5, the commission en banc resolved to render effective the registration statements of VistaREIT and Raslag covering […]
U-23 Azkals gun for 3 points against team of Timor-Leste
THE Philippine Under-23 (U-23) squad sets out to give the Filipino contingent in the 31st Southeast Asian Games (SEAG) in Vietnam a strong start as it plunges into early action against Timor-Leste on Friday in the men’s football kickoff. The U-23 Azkals gun for the full three points versus the Timorese in the 4 p.m. […]
What To See This Week (05/06/22)
Doctor Strange in The Multiverse of Madness THE LATEST film in the Marvel Cinematic Universe, Doctor Strange in The Multiverse of Madness is set after the events of Spider-Man: No Way Home. Doctor Strange, with the help of mystical allies both old and new (including Wanda Maximoff, a.k.a. the Scarlet Witch), traverses the mind-bending and […]
BSP to review relief measures for thrift banks as economy recovers
THE CENTRAL BANK will assess if there is still a need to extend the pandemic-driven regulatory relief measures it granted to thrift lenders as the economy recovers. “A review will be undertaken as necessary taking into consideration the liquidity requirements and the economic condition of the country,” BSP Governor Benjamin E. Diokno said in a […]
Entertainment News (05/06/22)
1 of 2 The Knobs Khalid releases new single “Skyline” GMA Pictures signs deal with Viva Films GMA Pictures has signed a joint venture agreement with Viva Films that will lead to new movies and new casting combinations just as theaters are starting to open after a two-year hiatus because of the COVID pandemic. Viva Communications, […]