A YEAR after South Korean satire Parasite took Hollywood by storm, another Korean-language movie, Minari, is making waves during awards season. Yet the two films could not be more different. Parasite, which made history in 2020 by becoming the first film in a foreign language to win a best picture Oscar, is a dark satire […]
Category: Hot News
Deposit insurance payouts hit P124 million in 2020
THE Philippine Deposit Insurance Corp. (PDIC) paid P124.11 million in deposit insurance last year for 7,072 accounts affected by the closure of five banks, it said in a statement on Thursday. The state deposit insurer said the value made up 76% of the estimated 9,305 total deposit accounts of the five closed banks and 69% […]
ATN Holdings suffers P2.56-M net loss
ATN Holdings, Inc. incurred a P2.56-million net loss for the third quarter of its fiscal year that ends on March 31 despite higher revenues. In a regulatory filing on Thursday, the company said its net loss for the October-to-December period is a reversal of the P3.57-million net income it had in 2019. Its revenues for […]
SSS subsidy bill for PWDs hurdles House panel
A COMMITTEE at the House of Representatives approved on first reading a bill granting an initial 70% subsidy on the Social Security System (SSS) contributions of self-employed persons with disabilities (PWDs). The Committee on PWDs approved House Bill 2806, which authorizes subsidies on the first three months’ SSS payments of self-employed PWDs. The Committee’s Chair, […]
ATRAM launches first SDG-based sustainability fund
LOCAL fund manager ATR Asset Management, Inc. (ATRAM) launched on Thursday a sustainability fund anchored on the 17 key United Nations Sustainable Development Goals (SDGs), a first in the country, as it focuses its investments on companies deemed sustainable. “ATRAM Philippine Sustainable Development and Growth Fund is designed to invest in companies that score high […]
Entertainment News (02/19/21)
1 of 6 HBO Documentary Film’s Allen V. Farrow Netflix Original Series Love Alarm DOTA: Dragon’s Blood Giveon Regine Velazquez’s Freedom concert rescheduled THE POSTPONED Freedom: Regine Velasquez-Alcasid Digital Concert has been rescheduled to Feb. 28 (Sunday). “Regine tested negative for COVID-19 and will soon resume preparations for the show,” a press release said. All […]
Digital transformation in PHL after a year of COVID-19
It has been a year of COVID-19. Last year there was a lot of talk about the need for Philippine companies to adapt to the new normal by pursuing digital transformation strategies and pivot their business models. Organizations implemented work-from-home, and consumers drove the rise of e-commerce and the widespread use of digital wallets. There […]
Should a boss loan money to a worker?
I’m the human resource manager of a small business established 10 years ago. We don’t have a cash advance policy for employees. It is a long established rule, in place since we started the business. Because of that strict policy, our employees have resorted to borrowing money from each other, including their immediate supervisors and […]
DBP extends P1.1-B loan to Abejo Waters
STATE-OWNED Development Bank of the Philippines (DBP) granted a P1.097-billion loan to Cebu-based firm Abejo Waters Corp. (AWC) to fund its water system projects in Cebu and Quezon provinces, the bank’s top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the proceeds of the loan will be used by the 22-year-old […]
Philippines ranks 41st out of 100 countries in female opportunity index, leads Southeast Asia
Cebu Pacific operator sets final terms of stock rights offer
CEBU AIR, Inc., the listed operator of budget carrier Cebu Pacific, announced Wednesday the final terms of its stock rights offer to raise almost P12.5 billion, partly aimed at addressing the impact of the pandemic crisis on its operations. In a statement, the company said it intends to raise P12,499,999,984 from the issuance of peso-denominated […]
UnionBank sets sights on mass market, small firms
UNIONBANK of the Philippines Inc. is looking to expand its client base to include more micro-, small-, and medium-sized (MSMEs) enterprises as these firms move to digitize their operations amid the coronavirus pandemic. “It’s a large market and we think that this segment needs attention at this time,” UnionBank Executive Vice-President and Chief Mass Market […]
Dining In/Out (02/18/21)
1 of 10 LAMB CALDERETA CHICK’N BITES Crimson Hotel offers take home CRIMSON Hotel’s Café Eight now offers its signature dishes for delivery. Best shared with family and friends, each dish is good for three to four persons and is served with rice. They are: Lamb caldereta (P899), lamb shoulder meat is prepared sous vide […]
Philippines ranks 43rd out of 76 economies in terms of progress and commitments to shifting toward green economy
How PSEi member stocks performed — February 17, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, February 17, 2021.
Stocks drop on Taal’s activity, inflation concerns
PHILIPPINE SHARES fell on Wednesday as concerns over the Taal volcano recent activity and the peso’s weakness caused the market to become cautious. The Philippine Stock Exchange index (PSEi) dropped by 77.63 points or 1.1% to finish at 6,966.43 on Wednesday. The broader all shares index also declined by 35.31 points or 0.83% to close […]
Peso sinks to weakest close in 3 months
THE PESO weakened further against the greenback on Wednesday on risk-off sentiment following the stock market’s decline and amid concerns over rising commodity prices. The local unit finished trading at P48.38 per dollar on Wednesday, losing 13 centavos from Tuesday’s close of P48.25, data from the Bankers Association of the Philippines showed. This was its […]
Gov’t agrees not to file suits in case of vaccine side effects
THE PHILIPPINE government has agreed not to press charges against coronavirus vaccine makers in case of injuries, according to the presidential palace. The government would assume responsibility for the emergency use of their vaccines under so-called indemnification agreements, vaccine czar Carlito G. Galvez, Jr. told a televised news briefing on Wednesday. Among those covered by […]
Congressmen seek P500-M fund for vaccine harm or loss
CONGRESSMEN are considering creating a P500-million fund that will cover damage claims in case people get sick from coronavirus vaccine shots. The fund will cover any adverse effects and ensure that the government’s vaccination program goes smoothly, Quirino Rep. Junie E. Cua said in his sponsorship speech on Wednesday. The clause was inserted in House […]
Local shares rise on potential lockdown easing
LOCAL STOCKS climbed on Tuesday as global equities rallied and following the National Economic and Development Authority (NEDA) chief’s suggestion to further ease quarantine restrictions to help boost consumption. The benchmark Philippine Stock Exchange (PSEi) rose by 84.85 points or 1.21% to end at 7,044.06 yesterday. The all shares index also went up by 41.18 […]