DEVELOPMENT BANK of the Philippines (DBP) has extended a P1.125-billion loan to help finance the Marquee Doctors Medical Center, Inc. (MDMCI) in Pampanga, it said in a statement on Thursday. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan will be used to construct the eight-story hospital and to acquire other hospital […]
Category: Hot News
Gonzales eyes first table tennis gold in Cambodia SEAG
AT 51 years old, Richard Gonzales isn’t done playing for the national team just yet. In fact, the Filipino table tennis living legend is eyeing nothing less than delivering the country’s first ever Southeast Asian Games (SEAG) gold medal in this year’s edition in Phnom Penh, Cambodia. “I can still do it,” said Mr. Gonzales […]
SEC expands online payment system
THE Securities and Exchange Commission (SEC) said on Thursday that it has added new options for its online payment system. The commission said that this would make payments for registration and transaction fees “faster and more convenient for the public.” GCash payment wallets can now be used to settle registration and transaction fees and penalties […]
US says convicted R&B singer R. Kelly deserves more than 25 years in prison
NEW YORK — US prosecutors on Wednesday said the multiplatinum R&B singer R. Kelly deserves to spend more than 25 years in prison after being convicted of sex trafficking. In a filing in Brooklyn federal court, prosecutors said Kelly exploited his stardom and wealth over a quarter century to lure women and underage girls for […]
Shift to flexible work gives boost to London landlord Workspace
DEMAND for flexible office space in London is back to pre-pandemic levels as employees return to the workplace and companies adapt their real estate strategies for an era of hybrid working. Workspace Group Plc, a London office landlord that offers flexible leases, reported occupancy of almost 90% at the end of March, an increase of […]
Philippine trade year-on-year performance
THE PHILIPPINES’ April trade deficit narrowed month on month to $4.8 billion, as exports slightly picked up and imports grew at their slowest pace in 13 months amid the Russia-Ukraine war and supply chain disruptions. Read the full story.
Revitalizing alliances to address competition
WASHINGTON, DC-based Center for New American Security (CNAS) recently released a report on the current state of US-Philippine relations amid intensifying strategic competition in the Indo-Pacific region. The think tank has formed a task force to assess the security alliance between the Philippines and America. “China’s growing military and economic power, along with its increasingly […]
Gov’t imposes sanctions on two electric cooperatives
POOR performance has led to the sanctions imposed by state-led Power Sector Assets and Liabilities Management Corp. (PSALM) on two electric cooperatives in Mindanao. The Department of Finance (DoF) said in a statement on Wednesday that PSALM should stop giving free electricity to Maguindanao Electric Cooperative, Inc. (Magelco) and Lanao del Sur Electric Cooperative, Inc. […]
Term deposit yields climb on inflation, hawkish BSP
YIELDS on the term deposits offered by the Bangko Sentral ng Pilipinas (BSP) climbed on Wednesday following the release of data showing faster inflation and hawkish signals from the incoming central bank chief. Total bids for the central bank’s term deposit facility (TDF) reached P355.58 billion on Wednesday, above the P300-billion offer as well as […]
Lady Bulldogs eye sweep against Golden Tigresses
By John Bryan Ulanday WITH an outright finals berth within its reach, unscathed National University (NU) wants no slip-up in taking care of Santo Tomas as its last hurdle in the University Athletic Association of the Philippines (UAAP) women’s volleyball tournament today at the Mall of Asia Arena in Pasay City. At 13-0, the Lady […]
Tweaks to macroprudential toolkit needed for systemic risk response
THE CENTRAL BANK should expand its macroprudential policy toolkit and establish operational procedures in a more systemic risk-based approach, the International Monetary Fund (IMF) said in a technical note. The technical note was crafted under the Financial Sector Assessment Program (FSAP), a joint program of the IMF and the World Bank that aims to provide […]
Dining In/Out (06/09/22)
1 of 16 Le Bar’s Pan Seared Barramundi Sofitel Manila’s Le Bar Malaysia — Nasi Lemak with Spiced Fried Chicken Philippines — Via Mare’s Pancit Luglug Singapore — Laksa Thailand — Shrimp Pad Thai KULAWONG TALONG PANSIT PUSIT Harvest Gourmet and Chef Josh Boutwood PLANT-BASED Adobo Burger made from Harvest Gourmet by Chef Sau Del […]
Manila Water expands east zone network
MANILA Water Co., Inc. reported on Wednesday that its east zone network has expanded to 5,290 kilometers of water pipelines as of March as part of its ongoing expansion. “Through these additional water lines, Manila Water will be able to continuously expand the water service coverage for the whole east zone and will substantially serve […]
Yulo, gymnastic team off to Qatar for world qualifier
CARLOS “Caloy” Yulo is eyeing nothing less than a third world title. But first things first, the pocket-sized wonder from Leveriza, Manila would have to qualify via the Asian Artistic Gymnastics Championships slated for June 15 to 18 in Doha, Qatar. “Yes, the Doha event serves as a World Championship qualifier,” said Gymnastics Association of […]
Philippines ranks 53rd in internet inclusivity list
The Philippines placed 53rd out of 100 countries in the 2022 Inclusive Internet Index, commissioned by Meta and developed by Economist Impact. The index assessed national-level internet inclusion in 100 countries across four categories: availability, affordability, relevance, and readiness. With an overall score of 72.3 out of the possible 100, the Philippines was the eighth least […]
Little cheer for Russian beer lovers as sanctions bite
“SORRY, that was the last bottle of Czech beer we had,” said a waiter at a central Moscow restaurant, a month after Russia sent troops into Ukraine and the West imposed sweeping sanctions. More than 100 days into what Russia calls a special military operation in Ukraine, foreign alcohol is still available in Moscow pubs, […]
CTA partially grants geothermal firm’s tax refund claim
THE Court of Tax Appeals (CTA) has partially granted the tax refund claim of Philippine Geothermal Production Co., Inc. (PGPCI) of excess input value-added tax (VAT) traced to zero-rated sales for the first three quarters of 2016. In a 30-page ruling on June 3, the court’s second division ordered the Bureau of Internal Revenue (BIR) […]
Low vax uptake against common illnesses puts seniors at risk
By Brontë H. Lacsamana, Reporter SENIOR CITIZENS, who are more prone to illnesses like influenza and pneumonia which may then worsen other comorbidities (or vice versa), must be vaccinated in order to keep them safe and healthy this rainy season. “Vaccination is an act of love,” said Dr. Lulu C. Bravo, founder and executive director […]
CTA denies manpower firm’s appeal to cancel tax liabilities
THE Court of Tax Appeals (CTA) has denied the appeal of Service Resources, Inc. to cancel its deficiency income taxes worth P9.5 million for taxable years 2009, 2010, and 2011. In a decision on June 3 and made public on June 7, the CTA Second Division ruled the manpower firm failed to comply with the […]
Philippine Azkals face Yemen in AFC Asian Cup Qualifiers
THE Philippine Azkals are in high spirits as they kick off their bid in the final round of the 2023 Asian Football Confederation (AFC) Asian Cup Qualifiers against Yemen on Wednesday in Mongolia. The Filipino booters hit the field of the MFF Stadium in Ulaanbaatar at 12:30 p.m. with intense desire to get a winning […]