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 […]
Category: Hot News
TDF yields mixed ahead of BSP meeting
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 […]
Axelum gives details of its environmental, social, and governance platform
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 […]
Aboitiz’s Hedcor sees ‘higher reliability’ in hydro plants
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 […]
Fed to include climate risk in bank oversight
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 […]
House approves GUIDE bill
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 […]
How much goods and services can minimum wage earners afford?
Nigerian artist creates rotting exhibit as coronavirus warning
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 […]
How PSEi member stocks performed — February 9, 2021
Here’s a quick glance at how PSEi stocks fared on Tuesday, February 9, 2021.
Palace lukewarm on Bayanihan III; funds limited
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 […]
Speaker says third stimulus enjoys broad support in House
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 […]
China demand for PHL nickel strong if Indonesia ban stays
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 […]
ICTSI says efforts to make transactions at Subic port ‘more seamless’ underway
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 […]
IC says facilitation fees not considered as admitted assets
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 […]
Falsetto: The enduring love affair with the soaring male voice
IN THIS dreary COVID-19 winter, there are some high points — and high notes — available to people cooped up at home. The documentary The Bee Gees: How Can You Mend a Broken Heart, which premiered on HBO in December, explores the musical significance of the group and is interwoven with performance footage. At the […]
Ayala Land prevails in ASEAN governance scorecard
AYALA Land, Inc. (ALI) was named one of the top publicly listed companies at the Securities and Exchange Commission-Institute of Corporate Directors ASEAN Corporate Governance Scorecard Awards. The property developer ranked among the Top 3 publicly listed companies (PLC) in the Philippines and Top 20 in the ASEAN region based on the 2019 ASEAN Corporate […]
PSEi composition intact after index review
THE main stocks index will have no changes in its composition after the regular stock performance review for the January-December 2020 period, the Philippine Stock Exchange, Inc. (PSE) said on Monday. In a statement, the stock market operator said companies with common stocks listed on the PSE’s main board for at least 12 months during […]
Retail chain stores moving out of high street as shopping moves online
CHAIN STORES are moving out of the high street. Recent high-profile deals, such as online fashion retailer Asos’s purchase of high street brands including Topshop and Miss Selfridge from the Arcadia group, and the acquisition of Debenhams by another online business, Boohoo, have cemented the trend. Neither deal includes any physical shops, meaning that 118 […]
Entertainment News (02/08/21)
1 of 13 TONY LABRUSA (left) and JC Alcantara (right) are back again on the digital screen as the series Hello Stranger is now a movie screening worldwide. Tribute to Spanish actress Angela Molina THIS February, Instituto Cervantes de Manila presents a film series in honor of Spanish actress Ángela Molina. The film cycle will […]
ePLDT, Microsoft partner for PWD hiring, closing PHL digital skills gap
INFORMATION technology service management company ePLDT, Inc. on Monday said it is now an “employer-partner” of Microsoft Corp. for a program that enables disability-inclusive hiring. “The ePLDT Human Resource and Strategic Partnerships and Alliances Team is in coordination with Virtualahan, a social organization in the Philippines that enables PWDs (persons with disabilities) to secure gainful […]