Pinoy Business News

Pinoy Business News

  • KUWTT: Chua sees strong growth in 2022 | Oct. 28, 2021
    by The Manila Times on October 27, 2021 at 10:25 pm

    Good day. Here are the Top Stories of The Manila Times for Oct. 28, 2021:READ: Chua sees strong growth in 2022SOCIOECONOMIC Planning Secretary Karl Chua on Wednesday said managing risks will allow the Philippine economy to go back to growth trajectory this year and return to pre-pandemic growth level by the latter part of 2022 or early 2023. He added that ramping up the vaccination campaign will help the country achieve a stronger growth next year. Chua said the government started to better […]

  • PH logs lowest Covid-19 cases since May
    by The Manila Times on October 27, 2021 at 9:48 pm

    THE Philippines posted its lowest coronavirus caseload since May 23, at 3,218, the Department of Health (DoH) said on Wednesday.On that day, the country reported 3,083 cases of Covid-19.The total number of cases has reached 2.77 million, 1.8 percent or 50,152 are active, the lowest since July 22 when 50, 554 were reported.Of the active cases, 80 percent are mild and asymptomatic while 20 percent are moderate, severe, or critically-ill.Positivity rate has declined to 7.6 percent as 41,049 tests […]

  • Lucio Tan throws PAL a $505-M lifeline
    by clopez on October 27, 2021 at 9:24 pm

    Billionaire Lucio Tan has thrown Philippine Airlines (PAL) another lifeline—which will also tighten his hold on its publicly-listed parent, PAL Holdings Inc.—through a fresh capital infusion aimed at keeping the financially troubled flag carrier flying. PAL Holdings said in a stock exchange filing on Wednesday that Tan’s Buona Sorte Holdings Inc. (BSHI), alongside other entities The post Lucio Tan throws PAL a $505-M lifeline appeared first on Inquirer Business.

  • Learning to pray
    by clopez on October 27, 2021 at 9:22 pm

    (First of two parts) In 1994, when my mother died suddenly without saying goodbye, I would become angry when people tell me, “God has a plan” or “she is in a better place.” But I knew they had good intentions, so I placed the blame on God for “allowing” tragedies to happen to good people. The post Learning to pray appeared first on Inquirer Business.

  • Fiscal restraint may reduce risk but likely to stunt growth, says IIF
    by clopez on October 27, 2021 at 9:20 pm

    Emerging markets like the Philippines that seek to narrow ballooning budget deficits and ease their debt burden may face slower growth moving forward as they may cut back on public spending, the Washington-based Institute of International Finance (IIF) said. But Finance Undersecretary and chief economist Gil Beltran said the Philippines’ tack to maintain its fiscal The post Fiscal restraint may reduce risk but likely to stunt growth, says IIF appeared first on Inquirer Business.

  • AIIB to continue cofinancing PH infra deals
    by clopez on October 27, 2021 at 9:18 pm

    The Beijing-based Asian Infrastructure Investment Bank (AIIB) will continue cofinancing with other multilateral development banks the Philippines’ ambitious infrastructure development program, its top official said. “The Philippines has a huge need for basic infrastructure. Given the geography and topography of the country, connectivity within the Philippines is very much important. So we need to ramp The post AIIB to continue cofinancing PH infra deals appeared first on Inquirer Business.

  • CNPF expands dairy business
    by clopez on October 27, 2021 at 9:16 pm

    Century Pacific Food Inc., one of the country’s leading food and beverage companies, has expanded its dairy portfolio by unveiling a chocolate malt brand targeting younger consumers. CNPF’s newest brand, “Choco Hero” is a ready-to-drink choco malt milk drink for kids. “We see a lot of opportunities in driving innovation in the dairy space. Milk The post CNPF expands dairy business appeared first on Inquirer Business.

  • Globe raises $600M from equity securities offer
    by clopez on October 27, 2021 at 9:14 pm

    Globe Telecom Inc. has raised from the sale of equity securities abroad $600 million, which it would use to finance network upgrades and to pay off debts. Globe on Wednesday announced its return to the international capital markets after its dual-tranche US dollar-denominated senior notes issuance in 2020. The $600-million fundraising involves five-year dollar-denominated senior The post Globe raises $600M from equity securities offer appeared first on Inquirer Business.

  • DOE moratorium on coal power projects seen ‘indecisive, toothless’
    by clopez on October 27, 2021 at 9:12 pm

    Consumer welfare advocacy groups on Wednesday urged the Department of Energy (DOE) to come out with a list of coal-fired power plant projects that were no longer allowed to proceed in order to make good an announcement made last year about a moratorium on new coal projects. Rallied around the Power for People Coalition (P4P), The post DOE moratorium on coal power projects seen ‘indecisive, toothless’ appeared first on Inquirer Business.

  • Riding-in-tandem ordinance ban in Mandaluyong illegal—CA
    by Jomar Canlas on October 27, 2021 at 9:10 pm

    OPPRESSIVE, arbitrary and discriminatory.This was how the Court of Appeals (CA) described Mandaluyong City's "riding-in-tandem" ordinances prohibiting male back riders on board motorcycles.In a ruling penned by CA Associate Justice Raymond Reynold Lauigan, the appellate court granted lawyer Dino De Leon's appeal who was fined and indicted for violating the ordinance when he caught while passing through a mall in Mandaluyong on board a motorcycle in March 2019.He sought redress before a […]

  • Print media group seeks tax breaks
    by clopez on October 27, 2021 at 9:10 pm

    MANILA, Philippines — A group of publishing companies is seeking government support in the form of significant tax cuts, among others, to address the challenges the industry is facing, which are further aggravated by the adverse effects of the pandemic, according to a position paper addressed to the Congress. “We have endured so many [challenges] The post Print media group seeks tax breaks appeared first on Inquirer Business.

  • PSEi hangs tight at 7,200 despite distraction from US markets
    by clopez on October 27, 2021 at 9:08 pm

    The benchmark Philippine Stock Exchange Index (PSEi) held steady above the 7,200 level as money rotated to US markets given strong economic prospects, an analyst said on Wednesday. By the closing bell, the PSEi closed lower by 0.3 percent, or 21.95 points, to 7,230.15 while the broader all-shares index slid lower by 0.06 percent, or The post PSEi hangs tight at 7,200 despite distraction from US markets appeared first on Inquirer Business.

  • Chel Diokno 'very optimistic' about 2022 Senate bid
    by Reina C. Tolentino on October 27, 2021 at 9:07 pm

    SENATORIAL aspirant Chel Diokno is "very optimistic" about his bid for a Senate seat.Diokno, a veteran human rights lawyer, ran for senator in 2019 and placed 21st.Answering a question during a virtual meeting, Diokno said that he was "very optimistic" because "the situation is vastly different from 2019"."In the first place, noong 2019, talagang newbie ako (I was a newbie), wala akong kaalam-alam sa politika (I know nothing of politics). And I decided late so we were scrambling from day one," […]

  • Robredo clarifies 'vote buying' comment amid Comelec caution
    by Reina Tolentino,William Depasupil on October 27, 2021 at 9:03 pm

    VICE President Maria Leonor "Leni" Robredo's advice to voters to accept the money which political candidates will give on election day but vote according to their conscience did not sit well with the Commission on Elections (Comelec) even as the presidential candidate said her words were "reposted with no context".In a virtual meeting with domestic workers on Tuesday, Robredo, who is running as an independent in the May 2022 elections, was responding to a question on what advice she would give […]

  • PH shares fall to 7,230 amid profit taking
    by ABS-CBN News on October 27, 2021 at 6:35 pm

    The Philippine Stock Exchange Index closed in the red but shares of Wilcon Depot soared amid strong earnings.

  • To the beach
    by The Manila Times on October 27, 2021 at 4:31 pm
  • Not forgotten
    by The Manila Times on October 27, 2021 at 4:29 pm
  • COMMAND VISIT
    by The Manila Times on October 27, 2021 at 4:26 pm
  • WB urges reforms to aid micro, small firms
    by Anna Leah E. Gonzales on October 27, 2021 at 4:26 pm

    The government should put in place several reforms that will help micro and small firms grow amid the pandemic, a World Bank official said."The pandemic and the lockdowns have had a very large impact on firms and in particular for micro and small firms. This is not only true for the Philippines but for all countries in the region with a few exception," said World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand Ndiame Diop during The Manila Times' "Let the Future Begin: […]

  • Chua sees strong growth in 2022
    by Anna Leah E. Gonzales on October 27, 2021 at 4:24 pm

    SOCIOECONOMIC Planning Secretary Karl Chua on Wednesday said managing risks will allow the Philippine economy to go back to growth trajectory this year and return to pre-pandemic growth level by the latter part of 2022 or early 2023.He added that ramping up the vaccination campaign will help the country achieve a stronger growth next year."We can ensure strong recovery in 2021 and 2022 with growth rates at 4 to 5 percent this year and 7 to 9 percent next year if we accelerate the vaccination. […]

  • PH shares index retreats
    by Faye Almazan on October 27, 2021 at 4:24 pm

    The local stock index returned to negative territory on Wednesday as some heavyweights declined and amid the drop of neighboring Asian indices.The bellwether Philippine Stock Exchange index (PSEi) lost 0.3 percent or 21.95 points to 7,230.15, while the wider All Shares dipped 0.06 percent or 2.7 points to end at 4,453.82.Philstocks Financial Inc. senior research analyst Claire Alviar said the main index followed its Asian peers, while the slip of some local heavyweights further weighed down the […]

  • Groups ask for agricultural reforms
    by Eireene Jairee Gomez on October 27, 2021 at 4:22 pm

    MAJOR industry groups see the need for various government interventions to modernize and industrialize Philippine agriculture, including the robust implementation of agrarian reform, and natural resources and fisheries reform.In a position paper, the industry groups challenged the government to transform the country's agriculture sector into an engine of economic growth, a generator of jobs, a social and economic stabilizer in the countryside, and the cornerstone for the country's food […]

  • 'We have to vaccinate everyone'
    by Faye Almazan on October 27, 2021 at 4:21 pm

    PRESIDENTIAL Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd on Wednesday said that the successful reopening of the economy hinges on the vaccination campaign against Covid-19.In the virtual forum organized by The Manila Times, Concepcion said the country has to vaccinate to "the max" and focus on addressing the vaccine hesitancy particularly in the provinces."We have to really look at that right solution and the solution really is, as we achieved success in NCR (National Capital […]

  • Industry sees potential for geothermal energy
    by Jordeene B. Lagare on October 27, 2021 at 4:20 pm

    The full implementation of the Renewable Energy (RE) Law will make geothermal more attractive to investors, a legislator said on Wednesday."How to make geothermal sexy again? One is to fully implement the RE act," said Senator Sherwin Gatchalian during the 2nd Philippine International Geothermal Conference held virtually."We still have a lot of provisions in the RE act that are not implemented and with the advent of corporates buying renewable energy, we have to implement the RE Act so they can […]

  • Sara backers choose BBM – expert
    by Kaithreen Cruz,Catherine S. Valente on October 27, 2021 at 4:19 pm

    Former senator and presidential aspirant Ferdinand "Bongbong" Marcos Jr.s' topping the PUBLiCUS Asia Inc. survey could be attributed to the people's desire for continuity or departure from the current form of governance, a data scientist said.PUBLiCUS data scientist Dr. David Yap explained that this became more apparent after Davao City Mayor Sara Duterte-Carpio decided not to run for president."Based on our data, it would seem that many of her supporters, at present, are choosing former […]

  • Pryce consolidated income rises to P1.4B
    by  Jordeene B. Lagare on October 27, 2021 at 4:19 pm

    Pryce Corp. on Wednesday reported its consolidated net income rose by 19 percent to P1.454 billion in the first nine months of the year from P1.222 billion in the same period last year.In a disclosure, Pryce said its gross revenue climbed by 24 percent to P11.178 billion from P8.994 billion.Pryce said sales of liquefied petroleum gas (LPG) and its related products accounted for 92 percent of gross revenue, while sales of industrial gap products contributed 7 percent. Real estate sales and […]

  • Wilcon posts P1.87-B 9-month profit
    by Faye Almazan on October 27, 2021 at 4:17 pm

    THE net income of Wilcon Depot Inc. more than doubled in January to September on the back of better net sales and gross profit margin, partially offset by higher operating expenses.The home improvement company on Wednesday reported that its nine-month profit surged to P1.87 billion, up 111.1 percent, from P886 million in the same period last year.Wilcon's net sales during the period exhibited a 27-percent climb to P20.05 billion from P15.79 billion, as "generally uninterrupted operations," […]

  • Cirtek new shares offer gets SEC nod
    by Faye Almazan on October 27, 2021 at 4:16 pm

    THE Securities and Exchange Commission (SEC) has cleared the P3.5-billion preferred shares offering of tech manufacturer, Cirtek Holdings Philippines Corp.The commission on Wednesday said it has approved Cirtek's registration statement in its meeting on October 26.The registration statement covers 50 million preferred B-2 Subseries C and D shares priced at P50 apiece, with an oversubscription option of up to 20 million shares.Cirtek looks to raise up to P3.44 billion from the offer, which will […]

  • Pinoys' quality of life worsened – survey
    by Kaithreen Cruz on October 27, 2021 at 4:15 pm

    MAJORITY of Filipinos admitted that their quality of life worsened in the past 12 months, Social Weather Stations (SWS) said in its September 2021 survey results.It said that 57 percent of those surveyed said that their life got worse (losers), while 13 percent of said that it got better (gainers), resulting in a Net Gainer score of -44 percent.However, 29 percent of the respondents said that their life was the same.MAJORITY of Filipinos admitted that their quality of life worsened in the past […]

  • Thailand fully reopens Nov 1
    by Agence France-Presse on October 27, 2021 at 4:15 pm

    BANGKOK: Thailand's once-lucrative tourism sector is a shadow of its former self after months of coronavirus travel restrictions.But on Monday, the kingdom reopens its doors to vaccinated travelers from more than 40 countries.Here's what you need to know:Before the pandemic struck, Thailand attracted a record high of almost 40 million visitors in 2019, with tourists flocking to its island beaches and cultural hot spots.Travelers fell to around 7 million in 2020 after virus restrictions seized […]

  • Company launches employee info system
    by The Manila Times on October 27, 2021 at 4:15 pm

    Smile API on Tuesday introduced its system that aims to make employment data accessible to financial institutions."We spent a lot of time connecting your employment data with all the participants that you would like to share it with. In Smile's case that is on one side, your employer that needs to be connected... On the other hand, you essentially have all of the innovative financial services that are developing right now not only in the Philippines but all over Southeast Asia," said Smile […]

  • 2 priests expelled for joining politics
    by Rhaydz B. Barcia on October 27, 2021 at 4:15 pm

    LEGAZPI CITY: For entering the political race, two priests in Bicol Region were permanently suspended from performing their clerical duties.In a statement, the Catholic Bishops' Conference of the Philippines said that Fr. Granwell Pitapit was suspended permanently and will no longer be allowed to perform clerical duties.Fr. Pitapit, who served at the Libmanan diocese's social action ministry, is running for mayor in the May 2022 elections.Libmanan is the largest municipality in Camarines […]

  • Finnish scientists create lab-grown coffee
    by Agence France-Presse on October 27, 2021 at 4:14 pm

    HELSINKI: Latte drinkers may in the future be sipping on java sourced from a petri dish rather than a plantation, say scientists behind a new technique to grow what they hope to be sustainable coffee in a lab."It's really coffee because there is nothing else than coffee material in the product," Heiko Rischer said, pointing to a dish of light brown powder.His team of researchers at the Finnish technical research institute VTT believe their coffee would avoid many of the environmental pitfalls […]

  • Food chain taps Coca-Cola
    by The Manila Times on October 27, 2021 at 4:14 pm

    Kenny Rogers Roasters — one of the country's largest restaurant chains — has partnered with Coca-Cola for its beverage servings."At the heart of everything we do at Kenny Rogers Roasters is the goal of strengthening relationships through good and awesome food made with love. For more than 25 years, day in and day out, we've been serving our guests with deliciously healthy meals. Through our partnership with Coca-Cola, we see ourselves elevating the dining experience of our guests with the […]

  • Bong Go sends aid to families in Gingoog City
    by Javier Joe Ismael on October 27, 2021 at 4:14 pm

    IN light of the extraordinary challenges brought on by the Covid-19 pandemic, the Office of Sen. Christopher Lawrence "Bong" Go mounted a relief effort in Gingoog City, Misamis Oriental on Friday, October 22, for vulnerable households adversely impacted by the crisis.In a video message during an activity, Go acknowledged that the pandemic has plunged many Filipinos into poverty and vowed to work with the Duterte administration to pursue actions that will ensure the needs of the poor and […]

  • Sperm whale rescued by DENR in Sarangani
    by Franz R. Sumangil on October 27, 2021 at 4:14 pm

    THE Department of Environment and Natural Resources (DENR) rescued a distressed female Pygmy sperm whale (Kogia breviceps) at Barangay Mabay, Maitum town in Sarangani province on Monday, October 25.According to a report from the Community Environment and Natural Resources Office (Cenro) of Kiamba, the two-meter whale appeared weak and wounded when spotted by local residents.Forester Abdul D. Cariga, Cenro officer, said the whale was rescued and treated by a team from the municipal environment […]

  • 11 killed in Iraq attack
    by Agence France-Presse on October 27, 2021 at 4:13 pm

    BAGHDAD: At least 11 people were killed late Tuesday in an attack on a village in eastern Iraq blamed on the Islamic State (IS) group, security sources said.The attack on Al-Rashad in Diyala province left "11 dead and 13 wounded," a local security source said.Another said that civilians were among those killed by small arms fire in the village, home to many members of the security services.The area has been sealed off and reinforcements sent to hunt for the attackers, the first source said.Both […]

  • Phoenix, 2GO form logistics alliance
    by  Jordeene B. Lagare on October 27, 2021 at 4:13 pm

    Phoenix Petroleum Philippines Inc. has partnered with 2GO Group Inc. to make logistics and transport services more accessible to a wider market.The independent oil company, in a statement on Wednesday, said it is making basic courier services and even international shipments more accessible to businesses and consumers with the addition of transportation and logistics provider 2GO to its growing retail portfolio."During the pandemic, logistics and transport providers played a vital role in the […]

  • DepEd gathers student-athletes in 'Talentadong Pinoy' virtual contest
    by Kaithreen Cruz on October 27, 2021 at 4:13 pm

    THE Department of Education (DepEd) is set to hold a nationwide sports competition on November 19 for secondary public school student-athletes aged 16 to 18 years old.Called "Talentadong Pinoy," the event is a sports skills demonstration contest where participants may showcase their skills in sports played in the Palarong Pambansa including synchronized kicking for taekwondo, dribbling drills for basketball, routine for rhythmic or aerobic gymnastics, and dance performance for dancesport. […]

  • Government authority to disclose personal information
    by Nica Marsha Gasapo on October 27, 2021 at 4:12 pm

    The Data Privacy Act of 2012 (DPA) was enacted to protect the fundamental human right of privacy and communication while ensuring the free flow of information. Through the DPA, the state recognizes the important role of information and communication technology in nation-building as well as its responsibility to protect personal information in both public and private information and communications systems.The DPA defines "personal information" as "any information whether recorded in a material […]

  • Ateneo develops low-cost mobile cloud platform for students in underserved areas
    by Kaithreen Cruz on October 27, 2021 at 4:12 pm

    WITH the shift to distance learning modalities amid the Covid-19 pandemic, the Ateneo de Manila University (AdMU) has developed a low-cost mobile cloud platform that could store learning resources for teachers and students to download so they can have easier access to information.Ateneo professor and National Academy of Science and Technology (NAST) academician Dr. Fabian Dayrit said the Ateneo Innovation Center (AIC)'s mobile cloud becomes a local network within a community or a school that […]

  • Egypt announces major oil, gas discoveries
    by Xinhua News Agency on October 27, 2021 at 4:12 pm

    CAIRO: Italian multinational oil and gas company Eni made three oil and gas discoveries in Egypt's Western Desert, the Egyptian Ministry of Petroleum and Mineral Resources announced on Tuesday."Eni made three new discoveries in the Meleiha Development Concession and southwest of Meleiha in Egypt's Western Desert," the ministry said in a statement.The discoveries in the Meleiha Development Concession were made through the Yasmin W-1X and MWD-21 wells, which were drilled, respectively, in the […]

  • P490K worth of 'taclobo' seized in Negros
    by Eugene Y. Adiong on October 27, 2021 at 4:12 pm

    BACOLOD CITY: Maritime police in southern Negros Occidental seized 7,000 kilograms of fossilized giant clam shells, locally known as taclobo, in Sitio Ondol Pasil, Barangay Cayhagan, Sipalay City on Tuesday, October 26.Maj. Don Archie Suspeñe, officer-in-charge of the 4th Special Operations Unit of the Philippine National Police Maritime Group, said that at 10 a.m. on Tuesday, they received a report from a concerned citizen that giant clams were being collected in Barangay Cayhagan.Suspeñe […]

  • Shipment of anti-Covid pill here in November
    by Red Mendoza on October 27, 2021 at 4:11 pm

    THE Philippines is due to receive in November its first shipment of 350,000 bottles of the oral anti-coronavirus disease 2019 (Covid-19) drug molnupiravir.The drug, developed by Emory University and Merck, has been proven effective in preventing mild or asymptomatic cases of Covid-19 from progressing to severe phase by as much as 50 percent.Merck, Sharp and Dohme Philippines Executive Director Beaver Tamesis, in an interview with The Manila Times said that the drug prevents further replication […]

  • Iran, Pakistan vow to help Afghanistan
    by Xinhua News Agency on October 27, 2021 at 4:11 pm

    TEHRAN: Iranian Foreign Minister Hossein Amir Abdollahian and his visiting Pakistani counterpart Shah Mehmood Qureshi on Tuesday conferred about bilateral ties and regional issues such as Afghanistan.The meeting took place ahead of an upcoming ministerial meeting of Afghanistan's neighbors in the capital Tehran on Wednesday.At a joint press conference after the meeting, Amir Abdollahian said that "we believe the formation of an inclusive government with the participation of all ethnic groups in […]

  • Fostering farming among the youth
    by Kay Calpo-Lugtu on October 27, 2021 at 4:11 pm

    I recently wrote about the need to stay competitive in the local agriculture sector given many entrants and the choices consumers get in the process. I highlighted the need to address the growing problem of aging farmers, who on the average are 53 years old. This poses a big challenge in terms of food security and sustainability.Getting to know of a Department of Agriculture program for young farmers was therefore a pleasant discovery. Supported by Senator Imee Marcos and other government […]

  • DoST, BatStateU partner for innovation center
    by The Manila Times on October 27, 2021 at 4:11 pm

    THE Department of Science and Technology (DoST)-Region 4A and Batangas State University (BatStateU) signed a memorandum of agreement (MoA) for the implementation of phase 1 of Regional Inclusive Innovation Center (RIIC) in Calabarzon, which is expected to produce outcomes for a more developed and accessible innovation environment across the region.The RIIC is one of the cornerstones of the 2018 Inclusive Filipinnovation and Entrepreneurship Roadmap to strengthen the capacity for innovation to […]

  • 3 dead, 6 injured in Bataan road mishap
    by Ernie Esconde on October 27, 2021 at 4:11 pm

    MARIVELES, Bataan: Three people died and six were injured when a mini oil tanker hit two tricycles and crashed into a house in Barangay Baseco here on Tuesday, October 26.LtCol. Gerald Gamboa, Mariveles police officer-in-charge, identified the fatalities as Renne Lansangan, 56, and Retchie Atencio, 31, both passengers of one of the tricycles from Sitio Palao, Baseco, and Eduardo Santos Jr., driver of the other tricycle of Barangay Maligaya, Mariveles.Lansangan and Santos died on the spot while […]

  • Covid patients likely to have stroke – study
    by Red Mendoza on October 27, 2021 at 4:10 pm

    A STUDY conducted by the Philippine Neurological Society (PNS) revealed that Covid-19 survivors could develop neurological issues including the possibility of a stroke.Initial results of the Philippine Corona Study involving 10,881 Covid patients revealed that 26 percent experienced neurologic symptoms, including headache, altered smell, altered sensorium or extended moments of sleep, altered taste, and muscle pains.Around 3.37 percent of the subjects experienced stroke, while 5.72 percent had […]

  • Australia lifts international travel ban
    by Agence France-Presse on October 27, 2021 at 4:10 pm

    SYDNEY: Australia will lift a ban on citizens traveling overseas without permission, the government announced, with the country's border set to open to skilled workers and international students by year's end.More than 18 months after Australia closed its international borders, fully vaccinated citizens will no longer have to seek an exemption to leave the country, a joint statement from the health and home affairs ministries said.It comes as the country's adult double-dose vaccination rate […]

  • US govt bans China Telecom
    by Agence France-Presse on October 27, 2021 at 4:10 pm

    WASHINGTON, D.C.: The United States on Tuesday (Wednesday in Manila) banned China Telecom from operating in the country citing "significant" national security concerns, further straining already tense relations between the superpowers.The move marks the latest salvo in a long-running standoff that has pitted the world's biggest two economies against each other over a range of issues including Taiwan, Hong Kong, human rights, trade and technology.It also comes as US President Joe Biden presses […]

  • How to thrive – not just survive – online college life
    by The Manila Times on October 27, 2021 at 4:10 pm

    Freshmen are confronted with rigorous academic requirements on top of the challenges of online learning. Yet, they can thrive in online college life as long as they have the right mindset, flexibility, tools and initiative to ask for assistance.Here are some helpful tips from Mapúa University's faculty to help students navigate the online learning space.Familiarize the school's learning system. Most universities have dedicated learning management systems (LMS) allowing students access recorded […]

  • Yap slams Pacquiao for unverified statements
    by The Manila Times on October 27, 2021 at 4:10 pm

    LA TRINIDAD: Benguet caretaker and Anti-Crime and Terrorism through Community Involvement and Support party-list Rep. Eric Yap lashed out at presidential aspirant and Sen. Emmanuel "Manny" Pacquiao for allegedly hurling unverified and unvalidated allegations against him.The lawmaker accused Pacquiao of carelessly using groundless information that was allegedly fed to him regarding a rock netting project in the province."I will not comment on his ability to discern the truth from lies, but I […]

  • Vaccination of minors in full swing in November
    by Catherine S. Valente,Red Mendoza on October 27, 2021 at 4:09 pm

    VACCINE czar Carlito Galvez Jr. said on Wednesday that vaccination of minors aged 12 to 17 against Covid-19 will be in full swing on November 3."They could start as early as November 3, nationwide," Galvez said, noting the success of the October 15 pilot Covid jab drive for minors in the National Capital Region."We want to protect our children from severe disease and hospitalization because 17 to 20 percent of Delta strain victims were children," Galvez said in a statement.The vaccination is […]

  • We will not attack, harm China – Taliban
    by  Global Times on October 27, 2021 at 4:09 pm

    DOHA: The Afghan Taliban attaches great importance to China's security concerns and will resolutely honor its promise and never allow any forces to use the Afghan territory to harm China, said Mullah Abdul Ghani Baradar, the acting deputy prime minister of the Afghan Taliban's interim government, during a meeting with Chinese State Councilor and Foreign Minister Wang Yi in Doha, Qatar.Baradar briefed Wang on the current situation in Afghanistan, which he said is under control and improving — […]

  • Hasten booster shots rollout – Go
    by Javier Joe Ismael on October 27, 2021 at 4:09 pm

    SEN. Christopher Lawrence "Bong" Go reiterated his appeal for a prompt rollout of booster shots to priority groups, saying it is crucial considering the emergence of different variants of Covid-19."Importanteng paghandaan na natin ito. Baka kailanganin natin ng booster lalo na dahil sa mga naglalabasang variants. Dapat din natin masiguro na may sapat na pondo dahil tuluy-tuloy ang pagbabakuna natin hanggang sa susunod na taon (It is important that we prepare for this. We might be needing a […]

  • Workers' shortage in Vietnam
    by  Global Times on October 27, 2021 at 4:09 pm

    HO CHI MINH CITY: Logistical disruptions and labor shortages are straining Chinese manufacturers in Ho Chi Minh City after the southern business hub in Vietnam eased Covid-19 lockdown measures, a local business association said.As a crucial link in the global supply chain, Vietnam faces a threat to its export-oriented economy from lack of workers, which is affecting manufacturing for global firms, including sportswear brands Nike and Adidas, and tech giant Apple.Vietnam was one of the few […]

  • Schooling tips to conquer second year of pandemic
    by The Manila Times on October 27, 2021 at 4:09 pm

    The transition from face-to-face classes to a fully remote learning setup has been challenging, especially for the parents. From keeping their kids away from boredom to ensuring that they are focused in school, parents have never been as busy when it comes to ensuring their kids remain engaged despite the restrictions of distance learning.As the Philippines is well into its second school year in lockdown, licensed psychologist, professional teacher, and mom of two Kara Crisostomo shared that […]

  • 2 frat men cleared in hazing case
    by Jomar Canlas on October 27, 2021 at 4:09 pm

    TWO suspected members of the Tau Gamma Phi Fraternity have been cleared by the Supreme Court of charges of violating the Anti-Hazing Law of 1995 for the death of an 18-year-old college student in 2009.According to a decision penned by Justice Henri Jean Paul Inting, the court's Third Division granted the petition of Carlos Paulo Bartolome and Joel Bandalan as it reversed and set aside the Aug. 30, 2016 decision and Oct. 26, 2016 resolution of the Court of Appeals (CA) that sided with the Sept. […]

  • Demand for open spaces cannot be ignored
    by The Manila Times on October 27, 2021 at 4:08 pm

    LAST weekend, several thousand people flocked to Manila's oft-criticized "dolomite beach" to enjoy some fresh air and the novelty of a walkable seashore in the heart of the city. The evident public appreciation for the beach is a clear message to government planners: open spaces are considered valuable by the people, and to continue to ignore the demand for them is irresponsible, perhaps even inhumane, here in one of the densest urban environments on earth."Green" spaces, as they are commonly […]

  • Pork producers slam MAV Plus expansion
    by Catherine Talavera on October 27, 2021 at 4:00 pm

    Local pork producers have slammed the move of the Department of Agriculture to expand the distribution areas of pork imports under the minimum access volume Plus, saying it will further hurt the local sector and not reduce the prices of pork.

  • Index pauses, consolidates in tight range
    by Iris Gonzales on October 27, 2021 at 4:00 pm

    Share prices slid back but remained within striking distance of nine-month highs as foreign buying helped cushion the market’s profit-taking bias.

  • Pasay court recognizes PAL Chapter 11 filing
    by Richmond Mercurio on October 27, 2021 at 4:00 pm

    A Pasay City court has granted the petition of Philippine Airlines Inc. seeking recognition of the company’s Chapter 11 process in the US.

  • Century Pacific expands dairy market portfolio
    by Iris Gonzales on October 27, 2021 at 4:00 pm

    Century Pacific Food Inc., the listed food and beverage company of the Po family, has expanded its portfolio of dairy products by making its foray into the chocolate malt segment.

  • PCC backs streamlining permits for telco infrastructure
    by Louella Desiderio on October 27, 2021 at 4:00 pm

    Pro-competition measures in newly signed guidelines for the streamlining of permits for telco infrastructure such as fiber and cables would lead to improved services for consumers, the Philippine Competition Commission said.

  • Critical decisions call for divine guidance
    by Joey Concepcion on October 27, 2021 at 4:00 pm

    In one of my meetings with OCTA Research and the IATF’s Sec. Carlito Galvez, I told them that I got in trouble when I called for the early lockdown in the first week of August.

  • ‘Last mile’ glitch in vaccination plan
    by Rey Gamboa on October 27, 2021 at 4:00 pm

    We’re not short of vaccines now. In fact, they are now pouring out of our ears. What we lack, though, is foresight. Sorely.

  • BSP padlocks 7th problematic bank
    by Lawrence Agcaoili on October 27, 2021 at 4:00 pm

    The Bangko Sentral ng Pilipinas has ordered the closure of the Rural Bank of Santa Fe Inc. in Romblon, bringing to seven the number of banks shut down this year.

  • National literature icons – Jose Garcia Villa and NVM Gonzalez
    by Gerardo P. Sicat on October 27, 2021 at 4:00 pm

    This is the 550th essay to appear under my Crossroads column, which has now been around for 11 years in this paper.

  • Mediabrands bares 2 key appointments
    on October 27, 2021 at 4:00 pm

    Mediabrands, the media and marketing solutions division of Interpublic Group, has announced the appointment of Tricia Camarillo-Quiambao as chief executive officer and Gelo Angeles as chief finance officer.

  • Logistics firm spending P2 billion to expand cold chain project
    by Louella Desiderio on October 27, 2021 at 4:00 pm

    Fast Logistics Group plans to spend about P2 billion to expand its cold chain footprint in the next two years, following the opening of hubs in Cavite and Cebu.

  • Phoenix to colocate 2GO outlets in some sites
    by Danessa Rivera on October 27, 2021 at 4:00 pm

    Listed independent firm Phoenix Petroleum Philippines Inc. has partnered with 2GO Group Inc. to colocate outlets of the transportation and logistics provider in its growing retail stores.

  • AIIB targets $50 billion climate financing
    by Louise Maureen Simeon on October 27, 2021 at 4:00 pm

    The Asian Infrastructure Investment Bank plans to provide $50 billion in climate financing to member countries as it pledged to align its operations with the Paris Agreement as early as 2023.

  • BSP: Economy gaining traction
    by Lawrence Agcaoili on October 27, 2021 at 4:00 pm

    The economy is showing concrete signs of recovery from the pandemic, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said.

  • Dar welcomes free trade deal with South Korea
    by Catherine Talavera on October 27, 2021 at 4:00 pm

    Agriculture Secretary William Dar welcomed the conclusion of the negotiations for a free trade agreement with South Korea, saying it bodes well for the country’s farmers.

  • Metro Manila retail prices pick up anew
    by Louise Maureen Simeon on October 27, 2021 at 4:00 pm

    Retail prices of consumer goods in Metro Manila went up again in August, the Philippine Statistics Authority said.

  • Pinoys’ wealth rising, but still below Southeast Asia peers – World Bank
    by Louise Maureen Simeon on October 27, 2021 at 4:00 pm

    Filipinos are seeing a steady increase in wealth over the years but remain below that of their neighbors in Southeast Asia, the World Bank said.

  • Prices of agricultural products up in Q1
    by Catherine Talavera on October 27, 2021 at 4:00 pm

    The prices of agricultural products sold by farmers and fisherfolks increased in the first quarter, mainly driven by the livestock and poultry sectors.

  • Philippines committed to shift to cleaner energy — Cusi
    by Danessa Rivera on October 27, 2021 at 4:00 pm

    The Philippines is committed to shift its power sources to cleaner energy but is also pushing for climate justice as the energy transition will push power rates higher, Energy Secretary Alfonso Cusi said.

  • Human, natural capital key to sustainable economic growth, World Bank says
    by Alexander Magno on October 27, 2021 at 2:30 pm

    NEW YORK — Economic growth can only be considered truly sustainable if human and natural capital are part of the equation, as gross domestic product and other traditional measures fall short, a new report from the World Bank showed. “A deeper and more nuanced understanding of the sustainability of wealth is crucial to a green, The post Human, natural capital key to sustainable economic growth, World Bank says appeared first on Inquirer Business.

  • IMF sees strong foundations for global recovery, big downside risks
    by Alexander Magno on October 27, 2021 at 2:24 pm

    WASHINGTON — Extraordinary policy measures led by Group of 20 economies and COVID-19 vaccines are underpinning a global economic recovery, but new virus variants, inflation, and supply-chain disruptions pose downside risks, the International Monetary Fund said. In a blog published Wednesday, ahead of Friday’s meeting of G20 finance and health ministers, Managing Director Kristalina Georgieva The post IMF sees strong foundations for global recovery, big downside risks appeared first on […]

  • Pilipinas at Korea, lumagda sa isang free trade agreement
    by Joyce Balancio, ABS-CBN News on October 27, 2021 at 1:12 pm

    Sa kanyang talumpati sa ASEAN-Republic of Korea Summit, sina ni Duterte na malaki ang maitutulong nito ngayong panahon ng pandemya.

  • Vegetables pricier than pork worry Chinese consumers as costs swell
    by Dominique Patton, Reuters on October 27, 2021 at 12:19 pm

    Vegetable prices are surging in China after heavy rain swamped crops this month, fueling concern over food prices at a time of high energy costs.

  • Pandemic hit on jobs worse than thought: UN
    by Agence France Presse on October 27, 2021 at 10:59 am

    The impact of the Covid-19 pandemic on jobs has been harder than previously expected, and a worrying two-speed recovery is emerging between richer and poorer nations.

  • Lucio Tan throwing $505 million lifeline to PAL as part of airline's reorganization
    by ABS-CBN News on October 27, 2021 at 10:21 am

    Tycoon Lucio Tan’s Buona Sorte Holdings will infuse $255 million in fresh capital into PAL, and extend the ailing airline a $250 million loan.

  • Biz group, transport experts urge gov't to reconsider EDSA BRT project
    on October 27, 2021 at 10:03 am

    The government must prioritize the EDSA Bus Rapid Transit project, a business group and transport experts said.

  • Cebu Pacific to mount flights to Camiguin in November after upgraded airport reopens
    by tbergonia on October 27, 2021 at 9:22 am

    MANILA, Philippines—Cebu Pacific announced new flights to Camiguin starting November this year after the government reopened the province’s expanded gateway. In a statement, Cebu Pacific announced the launch of flights between Manila and Camiguin on Nov. 15 and restart of Cebu-Camiguin on Nov. 9. The budget airline’s Manila-Camiguin flights will operate twice per week (Monday and The post Cebu Pacific to mount flights to Camiguin in November after upgraded airport reopens appeared first […]

  • Cebu Pacific expands domestic footprint with direct Manila-Camiguin flights
    by ABS-CBN News on October 27, 2021 at 7:27 am

    Cebu Pacific on Wednesday said it has launched direct flights between Manila and Camiguin to expand its domestic footprint.

  • Water tycoon is China's richest as wealth crackdown batters Jack Ma
    by Agence France-Presse on October 27, 2021 at 7:24 am

    Bottled-water tycoon Zhong Shanshan has become China's wealthiest person, according to an annual ranking released Wednesday.

  • Fast Logistics expands cold chain operations
    by Warren de Guzman, ABS-CBN News on October 27, 2021 at 7:07 am

    Fast Logistics Group launched on Wednesday its cold chain business brand “Fresh”, after opening cold chain hubs in Cavite and North Cebu.

  • Demand for housing remains high despite pandemic: stakeholder
    by ABS-CBN News on October 27, 2021 at 7:01 am

    The housing market remains strong despite the pandemic due to high demand and with interest rates still at record lows, Subdivision and Housing Developers Association chairman Rosie Tsai told ANC Wednesday.

  • Group expects businesses to recover as holiday season nears
    by postie on October 27, 2021 at 5:42 am

    MANILA, Philippines — As the holiday season approaches, a business group is expecting better sales and recovery from losses caused by the COVID-19 pandemic. “Very hopeful talaga tayo (We are very hopeful). We are expecting that we will be better this last quarter of the year. Lalong-lalo na ngayon, umpisa na ng pagsha-shop (especially now The post Group expects businesses to recover as holiday season nears appeared first on Inquirer Business.

  • Mariwasa launches 2 new products that promote style and comfort in homes and establishments
    by bdiaz on October 27, 2021 at 4:03 am

    Knowing the importance of sturdy and stylish flooring, Mariwasa Siam Ceramics Inc. recently released two new products — vinyl resilient flooring and tile grout — that promote style, comfort, and quality materials to homeowners.  Stylish 30×30 cm vinyl flooring One of the two products that the company launched is its vinyl flooring. Available in 30×30 cm The post Mariwasa launches 2 new products that promote style and comfort in homes and establishments appeared first on Inquirer […]

  • Lights on, nobody applying: skills shortage bites as Australia reopens
    by dlejano on October 27, 2021 at 3:53 am

    SYDNEY — After two years of stop-start COVID-19 lockdowns Australia is ready to party, but venues from restaurants to sporting stadiums are facing a difficult summer after a huge exodus of holiday workers and foreign students. Strict border closures have left a gaping hole in the market for casual workers, with hospitality-focused firms like Sydney’s The post Lights on, nobody applying: skills shortage bites as Australia reopens appeared first on Inquirer Business.

  • Wilcon Depot net income up 111.1 percent to P1.870 billion in Jan to Sept 2021
    by ABS-CBN News on October 27, 2021 at 3:43 am

    Wilcon Depot on Wednesday said its net income for the first 9 months of the year jumped 111.1 percent to P1.870 billion compared to the

  • Pandemic, pump price hikes shock 'barely surviving' trucking industry
    by ABS-CBN News on October 27, 2021 at 3:38 am

    A transport group lamented the series of increases in petroleum prices, saying the trucking industry is "barely surviving" amid the COVID-19 pandemic.

  • Antitrust body backs joint memo seeking faster permits, cutting red-tape for telco infra
    by ABS-CBN News on October 27, 2021 at 3:27 am

    The Philippine Competition Commission on Wednesday said it supports the government's effort to streamlining permitting for telco infrastructure.

  • US regulator revokes authority of China Telecom's unit
    by Agence France-Presse on October 27, 2021 at 2:35 am

    US regulators on Tuesday revoked the authorization for China Telecom's American subsidiary to conduct business in the United States, citing "significant" national security risks.

  • Should you use debit or credit cards?
    by ABS-CBN News on October 27, 2021 at 1:58 am

    Kailan ba dapat gumamit ng debit card at credit card? If you have both cards and just use them randomly, read this short guide to find out.