REUTERS THE US Federal Reserve is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn, US central bank chief Jerome H. Powell said on Wednesday. “We are not trying to provoke, and I don’t think we will need […]
MERRYMART Consumer Corp. has signed a 15-year long-term lease contract with Ayala Land, Inc. to open stand-alone full-sized eco-friendly supermarkets in Nuvali in Sta. Rosa, Laguna and Cresendo in Tarlac. In a disclosure on Thursday, MerryMart said that supermarkets will be equipped with roof solar panels, LED lighting fixtures, and will use power-efficient equipment with […]
ONE BY ONE, over the last week of May, Twitter, Inc. rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients. “It was traumatic,” Iris Guo, an incoming associate product manager living in Toronto, […]
TOKYO — Japanese Prime Minister Fumio Kishida said on Tuesday the central bank should maintain its ultra-loose monetary policy, brushing aside opposition calls that the policy be tweaked to target Japan’s rising cost of living. Mr. Kishida said the recent sharp falls in the yen were worrying but monetary policy and exchange rates must be […]
THE GOVERNMENT partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as players continued to ask for higher returns on expectations of more rate hikes from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The Bureau of the Treasury (BTr) raised P34.892 billion via the fresh 10-year T-bonds it auctioned […]
MADRID — Spanish fashion retailer Mango is in talks with local partners in Russia to hand over the shops it had temporary closed in March following Moscow’s invasion of Ukraine. The first two of the 55 shops Mango was directly operating in Russia will be transferred this week to local partners, the Spanish company said […]
By Tobias Jared Tomas THE GOVERNMENT needs to refocus its borrowing to aggressively pursue sustainable energy initiatives, which multilateral institutions are willing to fund on favorable terms, in response to the rising cost of traditional fuels, economists said. “The ongoing constraints posed by the current global landscape should highlight the importance of alternative sources of […]
By Revin Mikhael D. Ochave, Reporter THE PHILIPPINES should maximize the opportunities on offer from a deal reached at the 12th Ministerial Conference (MC12) of the World Trade Organization (WTO), particularly in the areas of vaccines and fisheries, analysts said. George N. Manzano, University of Asia and the Pacific economist and former tariff commissioner, said […]
By Maya M. Padillo and Kyle Aristophere T. Atienza, Reporters PRESIDENTIAL daughter Sara Duterte-Carpio took her oath as vice-president in her hometown of Davao City late Sunday, days before the presidential inauguration of her running mate in the May 9 election. “Today, our children are facing a very complex future — one rife with conflict […]
FOCUS on crime prevention, illegal drugs and economic recovery rather than Cebu’s face mask policy.This was Cebu Gov. Gwendolyn Garcia’s message to the Department of the Interior and Local Government (DILG) secretary as their ongoing rift on her controversial executive order (EO) on making face masks optional in well-ventilated and open spaces continues.“It’s time to […]
Philippine President-elect Ferdinand R. Marcos, Jr. has tapped Bangko Sentral ng Pilipinas (BSP) Assistant Governor and former Bureau of Internal Revenue (BIR) Deputy Commissioner Lilia C. Guillermo to head the tax collection agency. “Her strong background in IT (information technology) and her almost four decades of service at the BIR complements the President-elect’s objective of […]
WASHINGTON — The United States’ ambassador to China, Nicholas Burns, said on Thursday he expects Beijing’s “zero COVID” policy to persist into early 2023, and that US businesses were reluctant to invest in the country until restrictions ease. The re-emergence of infections in China’s capital Beijing has raised new concerns about the outlook for the […]
BRUSSELS — Meta, Alphabet unit Google, Twitter, and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories including advertising bodies have committed to the updated Code of Practice on […]
THE International Labour Organization (ILO) said on Thursday that only about 6% of domestic workers worldwide have access to comprehensive social protections. The remainder lack “access to the full range of protections, covering medical care, sickness, unemployment, old age, employment injury, family, maternity, invalidity, and survivors’ benefits,” the ILO said in a statement, citing a […]
ABOITIZ Construction, Inc. said on Thursday that it recently completed the construction of another 69-kilovolt (kV) overhead transmission line project for Lima EnerZone (LEZ) in Lipa City, Batangas. The project, which consists of 37 electric poles, is “part of a bigger move to enhance power delivery” in LIMA Estate through a partnership between Aboitiz Construction […]
Bill Cosby in a publicity shot for The Cosby Show. SANTA MONICA, Calif. — Legal arguments in a civil case against Bill Cosby came to a close on Wednesday with his attorney telling jurors they should not believe his accuser’s claim that the comedian sexually assaulted her at the Playboy Mansion in 1975. Cosby lawyer […]
BUSINESS process outsourcing (BPO) firm iQor is looking to expand its Iloilo workforce by 100 to specialize in servicing its Canadian telecommunications clients. In a statement on Thursday, iQor said it is promising successful applicants a one-time bonus of P60,000. The company called the compensation package competitive, with healthcare coverage beginning on Day 1 for […]
THE defeated candidate for mayor in Talisay City, Cebu Vice Mayor Alan Bucao and his entire slate who also lost in the recent elections have filed a petition asking the Commission on Elections (Comelec) to declare a failure of elections in the city due to the alleged existence of poll fraud in all clustered precincts.Bucao […]
FIGARO Coffee Group, Inc. in a disclosure on Wednesday said that it will reach its target of having 150 branches open nationwide by the end of 2022. “The gradual reopening of the economy gave us the confidence to aggressively expand our presence in more areas in the country. We at Figaro want to be able […]
LAPU-LAPU City Mayor Junard “Ahong” Chan said he is personally “in favor” of making the wearing of face masks outdoors optional.Chan made the statement on Wednesday, June 15, 2022, although he stressed that he was still waiting for his health team to decide whether they will adopt the executive order of Cebu Gov. Gwendolyn Garcia […]