THE PESO strengthened against the greenback on Tuesday amid positive market sentiment on the back the gains in the local stock market. The local unit closed at P48.565 per dollar on Tuesday, appreciating by 2.5 centavos from its Monday finish of P48.59 against the greenback. The peso started the trading session at P48.58 per dollar. […]
Category: Hot News
Peso steady on PMI data, vaccination
THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive. The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s […]
Stocks climb on surge in US yields, vaccine arrival
LOCAL STOCKS climbed on Monday as investors chose to stay in the market after yields on US bonds surged last week. The Philippine Stock Exchange index (PSEi) climbed 78.11 points or 1.15% to finish 6,872.97 on Monday, while the all shares index went up by 45.1 points or 1.09% to close at 4,165.4. “Shares in […]
Manila starts vaccination of health workers
By Vann Marlo M. Villegas, Reporter THE PHILIPPINES started immunizing its most vulnerable people against the coronavirus on Monday after receiving 600,000 doses of CoronaVac donated by China. The head of the state-owned Philippine General Hospital (PGH) in Manila was the first to get the shot made by Chinese drug maker Sinovac Biotech Ltd. Aside […]
Philippines orders a million more shots of Chinese CoronaVac
THE PHILIPPINE government has ordered a million more doses of the coronavirus vaccine made by Chinese drug maker Sinovac Biotech Ltd. worth P700 million that would arrive this month, according to the country’s vaccine czar. The CoronaVac vaccines would come in two batches and are part of the 5.1 million doses of different vaccine brands […]
Three magistrates on short list for chief justice post — DoJ
THREE magistrates have applied for the chief justice post that will become vacant this month, according to the Justice chief. They are Supreme Court Justices Estela M. Perlas-Bernabe, Alexander G. Gesmundo and Ramon Paul L. Hernando, Justice Secretary Menardo I. Guevarra told reporters in a Viber group message on Monday. Two justices automatically nominated for […]
Senators want limited face-to-face classes to start
SEVEN senators on Monday filed a resolution asking the government to start the pilot tests for face-to-face classes in more than a thousand public schools amid a coronavirus pandemic. The senators said the prolonged school closures have affected students especially those from poor families. They said the trial run in 1,065 schools in low-risk areas […]
Nationwide round-up (03/01/21)
NBI given until end of the week for report on PNP-PDEA shootout THE National Bureau of Investigation (NBI) has until the end of this week to submit its report on the shootout between police officers and agents of the drug enforcement agency last Feb. 24, where three law enforcers and one informant died while several […]
Regional Updates (03/01/21)
2 Northern Mindanao areas positive for red tide THE latest shellfish bulletin from the Bureau of Fisheries and Aquatic Resources (BFAR) includes Murcielagos Bay and Ozamiz City in Misamis Occidental, and Taguines Lagoon in Camiguin among the areas positive for red tide contamination. Shellfish harvested in these areas, both located in the Northern Mindanao Region, […]
BIR promises to remove export cigarettes’ tax-stamp exemption
THE Bureau of Internal Revenue (BIR) said it will withdraw the tax-stamp exemption of export cigarettes, after a legislator cited the potential for these products to enter the market as tax-free smuggled goods. At the House Ways and Means Committee hearing Monday, the chairman, Representative Jose Ma. Clemente S. Salceda, said the BIR should revoke […]
Energy-efficiency labeling rules expected soon
THE Department of Energy (DoE) said it expects to publish the implementing guidelines for the labeling of energy-consuming products (ECPs) in one or two months. ECPs covered by the draft rules include air conditioners, refrigerators, televisions, and lighting products. “If there are no significant comments or revisions in this latest draft, we are targeting to […]
Citicore Power earmarks P4-B for solar, hydro projects
Renewable energy developer plans country’s ‘first power REIT’ offering By Angelica Y. Yang RENEWABLE energy firm Citicore Power, Inc. has allocated P4 billion in capital expenditures (capex) for solar and hydro projects, as the firm plans to list a power portfolio in the local bourse this year, the firm’s top official said. “A total of […]
Mane points
1 of 3 PHOTO FROM PEUGEOT PHOTO FROM PEUGEOT PHOTO FROM PEUGEOT A new logo, an upmarket move, and electrification are in the cards for Peugeot WHAT’S IN a logo? “Every one of us loves brands, and we immediately recognize a brand by its logo,” said Peugeot Brand CEO Linda Jackson, during the global […]
2GO Group says business may start to recover in latter part of 2021
By Arjay L. Balinbin, Senior Reporter WITH the coronavirus vaccine rollout seen happening soon, 2GO Group, Inc. expects its business to start recovering in the latter part of the year, its chief operating officer said. The vaccine rollout “will improve our business outlook as travel accounts for about 15% to 17% of our business,” 2GO […]
T-bill rates to rise as demand weakens
RATES OF THE Treasury bills (T-bills) on offer this week could increase further as investors become more concerned over high inflation and with demand seen to weaken as the retail Treasury bond (RTB) sale continues. The Bureau of the Treasury (BTr) is looking to borrow P20 billion via its offer of T-bills on Monday: P5 […]
Milan Fashion Week: Fun with fashion
1 of 4 MOSCHINO — PHOTO FROM MOSCHINO.COM MOSCHINO — PHOTO FROM MOSCHINO.COM FERRAGAMO — PHOTO FROM FERRAGAMO.COM FERRAGAMO — PHOTO FROM FERRAGAMO.COM IF Milan Fashion Week this year is an indicator of anything, it’s that we can still have fun. Italy was one of the hardest-hit regions of the coronavirus disease 2019 (COVID-19) pandemic, […]
A City out of the city
1 of 3 PHOTO BY THE AUTHOR PHOTO BY THE AUTHOR PHOTO BY THE AUTHOR Up the twisties of Tanay aboard the Honda City RS WHEN WAS the last time you were at Pinto Art Museum, the contemporary and most-visited museum in Antipolo, Rizal featuring the art collection of Filipino neurologist and patron of […]
ABS-CBN shutdown pulls down its tech partner Stratpoint’s revenue despite increased demand
REUTERS SOFTWARE company Stratpoint Technologies, Inc. said the shutdown of the broadcast operations of its partner ABS-CBN Corp. had heavily impacted its revenue last year despite the rapid increase in technology demand triggered by the pandemic crisis. “The revenue decrease, a lot of it — I mentioned that ABS-CBN was a big client of ours […]
Securing the digital space amid the new normal
By Marissa Mae M. Ramos, Researcher THE RAPID growth in digital transactions has often been cited as the silver lining for economies currently constricted by lockdown restrictions due to the pandemic. Even so, this increase has also exposed businesses and households to an increased threat of cyberattacks. In an e-mail to BusinessWorld last month, the […]
LANDBANK looking to expand lending program for small firms
LAND BANK of the Philippines (LANDBANK) will expand its lending program for small firms and cooperatives to help them recover from the impact of the pandemic — PNA.GOV.PH STATE-RUN Land Bank of the Philippines (LANDBANK) plans to expand its lending program for small businesses and cooperatives further to extend credit to more borrowers at a […]