The National Grid Corp. of the Philippines (NGCP) on Friday said that it has been consulting agencies and stakeholders in the past two months about the country’s updated transmission development plan. In a statement, the agency said the latest version of the plan would cover 2021 to 2040 and would take into account the needs […]
Category: Hot News
Marikina River dredging to help prevent floods
The Department of Public Works and Highways on Friday said it had started dredging the Marikina River to expand its capacity in handling rainwater and prevent floods in nearby communities. The dredging of about 50,000 cubic meters of soil, sand and silt started on Feb. 17, and would continue toward the summer season within two […]
Stocks inch up over news of COVID-19 vaccine arrival
Local shares closed the week on a high note after the government announced that the country’s coronavirus disease 2019 (COVID-19) vaccines are set to arrive on Sunday, Feb. 28. “The market may have closed higher today due to investor optimism on the country’s first shipment of COVID-19 vaccines, which is expected to come over the […]
Manila Water starts building 42nd sewage treatment plant
EAST ZONE water concessionaire Manila Water Co., Inc. has broken ground for its P4.16-billion Aglipay sewage treatment plant in Mandaluyong City that can treat 60 million liters per day. In a statement on Thursday, Manila Water said the plant is the company’s 42nd sewage treatment facility in its franchise area and will treat wastewater coming […]
Cat-and-mouse hijinks return in new Tom & Jerry movie
LOS ANGELES — Tom & Jerry, the rambunctious cat and mouse duo that has entertained audiences since 1940, will appear in a new feature film that finds the cartoon characters threatening to disrupt a celebrity wedding at a posh New York City hotel. The film, a hybrid of animation and live action, debuts Friday in […]
Quick lending upturn unlikely
THE FINANCIAL Institutions Strategic Transfer (FIST) Law will not be enough for a “turnaround” in credit growth even as it aims to help banks offload non-performing assets (NPAs), ANZ Research said in a note. “It (FIST Law) is unlikely to trigger a credit cycle until the risk profile of borrowers improves, a development that is […]
PLDT’s aviation arm PG1 readies for rise of air charter services market
PLDT, Inc. said its aviation arm, Pacific Global One Aviation (PG1), is now preparing itself to take advantage of the rising demand for air charter services. PG1 “embarks on a major rebrand as it expects the global air charter business to take off in the next three years as the impact of the COVID-19 (coronavirus […]
Top Amazon India executive questioned by police over video series
LUCKNOW, India — Indian police in the northern state of Uttar Pradesh questioned a top Amazon executive for nearly four hours on Tuesday over allegations that one of its political dramas on Prime Video hurt religious sentiments and caused public anger. Shows on streaming platforms such as Netflix and Amazon Prime have often faced complaints […]
Banks urged to hold off on hiking ATM fees, use excess capital to expand services
BANKS SHOULD USE their excess capital to expand their services instead of increasing fees for cash machine services, a lawmakers said, after the Bangko Sentral ng Pilipinas tweaked its rules on fees this month. Anakalusugan party-list Representative Michael T. Defensor said in a statement on Thursday that banks have surplus capital since automated teller machine […]
Philippines facing oversupply in IT graduates, STEM shortage
BW FILE PHOTO THE PHILIPPINES is facing an oversupply in information technology (IT) graduates in 2025, but needs more students to go into the science, technology, engineering, and mathematics (STEM) fields, a government think tank said. Jose Ramon G. Albert, a senior research fellow at the Philippine Institute for Development Studies (PIDS), said at a […]
Diocesan radio station clears House second reading
THE House of Representatives approved on Wednesday the franchise renewal of Franciscan Broadcasting Corp. on second reading. On Wednesday’s plenary session, lawmakers approved on second reading House Bill 8741 or an act that will renew the franchise of the Negros-based diocesan radio station for another 25 years. The measure was authored by Negros Oriental Second […]
Actor Depardieu placed under sexual violence investigation
PARIS — French actor Gerard Depardieu was placed under formal investigation on charges of rape and sexual violence in December last year, a judicial source told Reuters on Tuesday. A lawyer representing the 73-year-old Depardieu, one of France’s most prolific and famous actors, did not immediately respond to a request for comment left by Reuters […]
Stuff to do (02/26/21)
1 of 4 James Reid Cinemalaya exhibit catalog launch THE CULTURAL Center of the Philippines (CCP) launches a publication entitled Scenes Reclaimed: CCP 50 x Cinemalaya 15 on Feb. 25, 5 p.m., via FB Live at https://fb.me/e/3VwwKPwIJ. The catalog launch is in line with its 2019 exhibition “Scenes Reclaimed: CCP 50 x Cinemalaya 15,” a […]
Going green
1 of 2 THE Misto plant-based dishes include grilled skewers and bowls of salads with mixed grains. Seda Vertis Norte’s Misto gets vegetarian-and vegan-friendly THE DINING room at Misto, the main dining outlet and buffet at Seda Vertis North, reflects changing attitudes of the world in a pandemic. As every day is an examination of […]
Filipinos encountered more card skimmers online in 2020
FILIPINO internet users who encountered online credit card skimmers increased by 20% in 2020, internet security firm Kaspersky said. In an e-mailed statement on Monday, web skimmers, sometimes referred to as sniffers, where scripts are embedded by attackers in online stores and used to steal users’ credit card data from websites, caused the increase in […]
Mondelez, Plastic Flamingo partner for recycling push
SNACK maker Mondelez Philippines, Inc. has partnered up with social enterprise The Plastic Flamingo (PLAF) in collecting and recycling 40 metric tons or 40,000 kilos of plastic waste, which would be used in the latter’s production of eco-lumber material for disaster relief shelters. According to a press release issued late Tuesday, Mondelez Philippines said that […]
Term deposit yields up on oil price gains
YIELDS ON the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to pick up following the recent climb in global oil prices. Demand for the central bank’s term deposit facility (TDF) reached P695.227 billion on Wednesday, well above the P600 billion it auctioned off but lower than the P739.382 billion in tenders a week ago. […]
Jay-Z’s luxury champagne deal with Moet is a celebrity winner
THERE are two categories of celebrity brands. Some are intimately associated with the star: Lifestyle website Goop reflects the actress and founder Gwyneth Paltrow’s initials, cosmetics label Fenty is the singer Rihanna’s surname and Yeezy sneakers are a complicated play on rapper Kanye West’s first name. Then there’s a second basket of brands that are […]
Greenergy enters subscription agreement with Ocean Biochemistry
GREENERGY Holdings, Inc. has entered into a subscription agreement with Ocean Biochemistry Technology Research, Inc. (OBTRI). In a regulatory filing on Wednesday, the Antonio L. Tiu-led firm said it had forged a subscription agreement with OBTRI for the issuance of 37,500 OBTRI common shares. The transaction is valued at P3.75 million, with a par value […]
Huawei says politicization of tech advancements a major challenge
CHINESE multinational technology company Huawei Technologies Co. Ltd. said countries should address the politicization of technological advancements. “We must reach a global consensus on this issue and believe in the power of technology to leverage it for the benefit of the society,” Chen Lifang, Huawei senior vice-president and board member, said at a virtual forum […]