COSMETICS maker Revlon, Inc. is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal (WSJ)reported on Friday, citing people familiar with the matter. Revlon, whose shares declined 46%, did not immediately respond to a Reuters request for comment. The lipstick maker began talks with lenders ahead of looming […]
SAN SEBASTIAN College (SSC) has a volleyball tradition that remains unchallenged to this day — 23 National Collegiate Athletic Association (NCAA) women’s championships. But for 12 years, the legendary championship machine that is the Lady Stags has produced nothing but heartbreak and frustration. Enter fabled coach Roger Gorayeb, who vowed to do everything to end […]
LAND BANK of the Philippines (LANDBANK) has launched a P1-billion lending program to digitalize the banking operations of countryside financial institutions in order to reach more unbanked Filipinos. This will be done through its Digitalization of Countryside Financial Institutions lending program, where the bank will finance digitalization projects, including paying for subscription or licensing fees […]
THE Securities and Exchange Commission (SEC) has received an “unmodified opinion” from the Commission on Audit (CoA) for the fourth consecutive year due to its “transparent and sound management of public funds,” the regulator said. State Auditor Concepcion C. Reyes rendered an “unmodified opinion,” also known as an “unqualified opinion” on the fairness of the […]
1 of 3 The Subaru WRX retains the signature (and functional) hood scoop to help the turbocharged 2.4-liter boxer engine breathe. — PHOTO FROM MOTOR IMAGE PILIPINAS The WRX Wagon is a full 65mm longer, 15mm wider, and 10mm taller than the outgoing Levorg. It gains 20mm on its wheelbase (2,670mm). — PHOTO FROM MOTOR […]
SOUTH KOREAN K-pop boy band BTS are promoting the release of their new album with pop-up shops in New York City and Los Angeles. Fans lined up from 7 a.m. on Friday to be among the first to purchase exclusive items created just for New York. “It’s hardly ever in New York, it’s mostly LA […]
TNT continued its rampage in the Philippine Basketball Association (PBA) 3×3 Third Conference as it annexed the Leg 4 top honors for its third triumph overall. Winners of the first and third stops, the Tropang Giga turned in another golden performance capped by a masterful 21-15 victory over first-time finalist Terrafirma on Sunday at the Ynares Center […]
Honesty is highly valued by Filipino workers according to 78% of respondents in a May 2022 study by Milieu Insight, a Singapore-based market research firm, that surveyed employees in Southeast Asia on the importance of values at work. This was true across age groups (75% among professionals who are 25–34 years old; 82% for those over […]
RESIDENTIAL customers in areas served by Manila Electric Co. (Meralco) can expect electricity rates this month to rise, with typical households consuming 200 kilowatt-hours (kWh) getting billed higher by nearly P80 or P10.4612 from P10.0630 per kWh previously. In a press release on Friday, the listed distribution utility said the overall power rate in June […]
By Bernadette Therese M. Gadon, Researcher The unemployment rate in April slowed to its lowest since the start of the pandemic as the size of the workforce shrank amid the disruptions caused by the ongoing Russia-Ukraine conflict. Preliminary results of the Philippine Statistics Authority’s (PSA) April round of the Labor Force Survey (LFS) on Friday […]
SMARTPHONE brand vivo launched on Thursday the vivo X80, the latest addition to its premium flagship smartphone category. Co-engineered with optics manufacturer Zeiss, vivo said the X80 series has “powerful professional imaging capabilities suited for capturing moments and masterpieces.” “The launch of the newest X80 series aims to encourage Filipinos to find art and capture […]
ULSAN, South Korea — South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail shipments of raw materials for semiconductors and petrochemical products. That comes on top of action at steelmaking giant POSCO and automakers Hyundai Motor Co. and Kia Corp. The strike led to a halving of […]
TAIPEI — The United States has approved a possible $120 million sale of parts to help Taiwan maintain its warships, which the island’s defense ministry said would help ensure combat readiness in the face of China’s “frequent activities” near the island. The US Defense Security Cooperation Agency said it had delivered the required certification notifying […]
WASHINGTON — The National Aeronautics and Space Administration (NASA) said on Thursday it plans to assemble a team of scientists to examine “unidentified aerial phenomena” — commonly termed UFOs — in the latest sign of the seriousness with which the US government is taking the issue. The US space agency said the focus will be […]
SHANGHAI/BEIJING — Shanghai and Beijing went back on a fresh coronavirus disease 2019 (COVID-19) alert on Thursday after parts of China’s largest economic hub imposed new lockdown restrictions and the city announced a round of mass testing for millions of residents. The most populous district in the Chinese capital, meanwhile, announced the shutdown of entertainment […]
On 1 April 2022, a partnership was signed between two of the biggest names in food manufacturing to help bring a better mealtime experience to consumers in the Philippines. Philippine meat processing giant CDO Foodsphere will take charge of the distribution of Kraft Heinz products in the foodservice industry in the Philippines. This includes hotels, […]
By Arjay L. Balinbin, Senior Reporter Madrid, Spain — Business school curricula should include a program aimed at helping future business leaders improve their health, well-being, and happiness to better prepare them for the complex challenges they will face in the corporate world, an expert said. “Body (health), mind (well-being), and soul (purpose or happiness)” are the […]
THE Energy Regulatory Commission (ERC) has granted provisional approval to the application of More Electric and Power Corp. to adjust electricity rates in Iloilo City but at an amount lower than what the Razon-led company applied for. In an order promulgated on June 8, 2022, the regulator approved a rate of P0.4725 per kilowatt-hour (kWh), […]
POSTER FROM TWITTER.COM/FOOFIGHTERS LONDON — American rock band Foo Fighters will play two tribute concerts for their late drummer Taylor Hawkins, taking to the stage in London and Los Angeles in September, the group said on Wednesday. Mr. Hawkins, 50, died unexpectedly in late March in a Bogota hotel during the group’s South American tour, […]
AUSTRALIA’s Qantas Airways Ltd. is appealing to head-office employees to help the airline’s overworked ground handling staff as the pandemic-hit sector struggles to cope with a rebound in air travel. Workers at the headquarters of Sydney-based Qantas and its Melbourne-based low-cost airline Jetstar have been asked to step in and assist during the peak July […]