1 of 3 AN elderly man looks at plants at the Victoria Park Flower Market in Hong Kong. THE interiors of Man Mo Temple lit by joss sticks and sunshine THE Guanyin Temple in Hung Hom, which survived World War II and remains intact, is worshippers’ first choice when it comes to borrowing Guanyin’s money […]
A UNIT of Basic Energy Corp. has approved the principal terms of a 50-megawatt (MW) wind energy service contract with the Energy department in Mabini, Batangas, the listed firm disclosed on Wednesday. In a regulatory filing, Basic Energy said that the board directors of its wholly owned subsidiary Mabini Energy Corp. also greenlit the move […]
BECAUSE of the Philippines’ large Filipino-Chinese community, the Lunar New Year is celebrated as a special non-working holiday and traditional Chinese activities such as preparing tikoy (glutinous rice cakes) and giving ampaos (red envelopes) are practiced. While Chinese New Year is just around the corner, the lantern festival and dragon dance may not be celebrated […]
LISTED internet service provider Converge ICT Solutions, Inc. on Wednesday said its fiber network had “more than doubled” last year, after it added over 28,300 kilometers of fiber optic cables. In a statement, Converge said it expanded its fiber network by 107% from about 26,600 kilometers in 2019. “We are well on track to meeting […]
TWITTER, INC. on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom. The solid beat, aided by ad product improvements, convinced investors to overlook a dull forecast for user growth, which Twitter expects […]
A HERBALIFE Nutrition survey shows more Filipinos are eating better in the so-called new normal. HERBALIFE Nutrition recently released the findings from the 2020 Diet Decisions Survey, showing that more Filipinos are eating better in the so-called new normal. The survey, which polled 8,000 consumers in different Asia-Pacific markets including the Philippines, revealed that among […]
PREMIERE Horizon Alliance Corp. has received the third preliminary payment worth P100 million from fintech (financial technology) firm SquidPay Technology, Inc. On Wednesday, Premiere Horizon disclosed to the exchange that payments for the initial cash investment of P300 million for 55% of the company’s ownership had been completed by an investor group led by businessman […]
YIELDS ON THE Bangko Sentral ng Pilipinas’ (BSP) term deposits ended mixed on Wednesday, with investors preferring the shorter seven-day papers ahead of the central bank’s policy decision on Thursday. Bids for the central bank’s term deposit facility (TDF) reached P634.979 on Wednesday, slightly above the P630-billion offering but failing to beat the P661.872 billion […]
From coconut shells as feedstock to packaging materials turned fashionable bags, publicly listed Axelum Resources Corp. has enumerated the initiatives that made up its environmental, social, and governance (ESG) platform. In a regulatory filing on Tuesday, the company said its ESG report has the seal of the Global Reporting Initiative, which is the international standard […]
Hedcor, Inc. said that the reliability of the overall operations of its hydro plants improved in 2020 as unplanned outages ran for a shorter period despite posting a slightly lower annual generation rate. In a press release issued on Feb. 4, Hedcor said that it had an unplanned outage factor of 0.73%, which it described […]
SAN FRANCISCO — The US Federal Reserve is beginning to incorporate the impacts of global warming into its regulatory writ, following in the footsteps of its global peers, according to a paper published Monday by the San Francisco Fed. In a pair of reports issued late last year, the US central bank signaled its intent […]
THE HOUSE of Representatives approved on final reading a proposed law that will provide state-run banks P10 billion to lend to distressed micro, small, and medium enterprises (MSMEs). In their plenary session on Tuesday, lawmakers approved House Bill 7749 or the proposed Government Financial Institutions Unified Initiatives (GFI) to Distressed Enterprises for Economic Recovery or […]
LAGOS — Nigerian artist Olufela Omokeko carefully arranges fresh peppers on wooden boards hanging in a bare room. Instead of providing spice in a meal, he wants them to encourage people to obey measures that will stop the spread of the coronavirus. His pieces, made of red, yellow, and green peppers mounted on boards and […]
Here’s a quick glance at how PSEi stocks fared on Tuesday, February 9, 2021.
THE third Bayanihan stimulus law proposed by Congress is not necessary for now, the President’s spokesman said, noting the need to allow previous economic packages to run their course as well as the uncertainty of funding another multi-billion peso revival measure. “Sa totoo lang po ang passage ng bills ay also dependent on the availability […]
A MAJORITY of the membership of the House of Representatives supports the proposed third Bayanihan economic stimulus package worth P420 billion, Speaker Lord Allan Jay Q. Velasco said. In a statement Tuesday, Mr. Velasco said House Bill No. 8628 or the proposed Bayanihan to Arise as One Act is backed by 162 members, including those […]
DEMAND FOR Philippine nickel ore will remain high in China if Indonesia maintains its nickel export ban, industry officials said Monday. “As long as Indonesia keeps its nickel export ban, demand for Philippine nickel ore from China’s NPI (nickel pig iron) plants will remain strong,” Chamber of Mines of the Philippines (COMP) Vice-President for Communications […]
LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Monday said its Subic unit had been endorsed by the Agriculture department as a discharge port for imported livestock and raw materials. Agriculture Undersecretary Ernesto S. Gonzales signed the endorsement, citing the Subic Bay International Terminal Corp.’s role in “ensuring unimpeded trade for the livestock […]
THE Insurance Commission (IC) said prepaid facilitation fees from bancassurance arrangements will not be considered as admitted assets of insurers in their statements of financial condition. Insurance Commissioner Dennis B. Funa issued Circular Letter 2021-07 dated Jan. 28 to clarify that facilitation fees paid in advance by insurance companies to a bank in a bancassurance […]