Pinoy Business News

Pinoy Business News

  • Bitcoin attracts high-profile interest
    by Agence France-Presse on July 26, 2021 at 10:38 pm

    Tesla, Twitter and maybe Amazon: Big tech companies are interested in bitcoin and it could take off again after several weeks of laying low.  

  • KUWTT: Hidilyn Diaz wins gold for PH | July 27, 2021
    by The Manila Times on July 26, 2021 at 10:13 pm

    Good day. Here are the stories for The Manila Times for Tuesday, July 27, 2021.READ: Hidilyn Diaz wins gold for PHAFTER 97 years, the Philippines finally won its first Olympic gold medal on Monday when Hidilyn Diaz ruled the women's 55-kilogram weightlifting event and made history. The 4-foot-11 Diaz lifted a total of 224 kilograms (kg), setting an Olympic record. She smashed her personal best to see off world record holder Liao Qiuyun of China who had to settle for silver. With Liao setting a […]

  • World Bank to finance extra COVID jabs for poorer nations
    by Agence France-Presse on July 26, 2021 at 9:54 pm

    Under the World Bank financing arrangement, up to 430 million additional doses would be available for delivery between late 2021 and mid-2022 for 92 countries. 

  • Pace of vaccination program offers hope for PH recovery
    by besguerra on July 26, 2021 at 8:10 pm

    Fast-tracking jabs against COVID-19 will augur well for the Philippines’ recovery even as vaccine supply constraints and scarring from last year’s worst post-war recession pose challenges to swift economic rebound, think tanks said on Monday. In a statement, the Department of Finance (DOF) quoted Victoria Kwakwa, regional vice president of World Bank for East Asia The post Pace of vaccination program offers hope for PH recovery appeared first on Inquirer Business.

  • COVID-19 bites: PH revises economic targets
    by besguerra on July 26, 2021 at 8:07 pm

    President Duterte’s final year in office became doubly challenging as the COVID-19 crisis reversed much of the prepandemic gains made toward the administration’s goals to sustain robust economic growth, reduce joblessness and move up to upper-middle income country status. The pandemic last year inflicted the Philippines’ worst post-war recession as gross domestic product (GDP) shrank The post COVID-19 bites: PH revises economic targets appeared first on Inquirer Business.

  • DA seeks P 250B in last year of Duterte gov’t
    by besguerra on July 26, 2021 at 8:05 pm

    The Department of Agriculture (DA) will put in a budget request of P250 billion for the final year of President Duterte’s administration next year —three times more than the 2021 allocation—to at least keep pace with agricultural developments in Southeast Asia. “We pray that the country’s agriculture sector could be afforded that long-delayed financial support,” The post DA seeks P 250B in last year of Duterte gov’t appeared first on Inquirer Business.

  • Meralco income up 8% as prepandemic demand levels return
    by besguerra on July 26, 2021 at 8:04 pm

    The Manila Electric Co.’s (Meralco) consolidated core net income in the first semester jumped 8 percent to P11.6 billion from P10.4 billion in the same period last year as a surge in demand from industrial customers brought segment sales to prepandemic levels. Meralco chief finance officer Betty Siy-Yap said at a press briefing the company’s The post Meralco income up 8% as prepandemic demand levels return appeared first on Inquirer Business.

  • Duterte’s last SONA fails to excite market as PSEi plunges to 6,300
    by besguerra on July 26, 2021 at 8:03 pm

    The stock barometer dived to the 6,300 territory in thin trade on Monday, ending at a two-month low, ahead of President Duterte’s last State of the Nation Address (SONA). The Philippine Stock Exchange index (PSEi) tumbled by 148.13 points, or 2.27 percent, to close at 6,372.61, tracking gloomy sentiment across the region. This marked the The post Duterte’s last SONA fails to excite market as PSEi plunges to 6,300 appeared first on Inquirer Business.

  • MacroAsia turns to original mining business amid aviation slump
    by besguerra on July 26, 2021 at 8:02 pm

    Taipan Lucio Tan’s MacroAsia Corp. is reviving its mining business, which it had considered selling years ago, amid the downturn in aviation due to the COVID-19 pandemic. The provider of ground handling and aircraft maintenance for local and international carriers announced on Monday an agreement that would allow the operation of its nickel mine in The post MacroAsia turns to original mining business amid aviation slump appeared first on Inquirer Business.

  • Pending tax reform bills
    by besguerra on July 26, 2021 at 8:01 pm

    With less than a year to go in the Duterte administration, its economic managers are steadfast on their objective to reform the country’s tax system. Recall that shortly after President Duterte came to power in 2016, the Department of Finance (DOF) announced a comprehensive tax reform program consisting of four packages that aim to increase The post Pending tax reform bills appeared first on Inquirer Business.

  • UnionBank Q2 profit up 91.6%; full-year goal within sight
    by besguerra on July 26, 2021 at 8:00 pm

    Aboitiz-led Union Bank of the Philippines grew its second quarter net profit by 91.6 percent year-on-year to P3.57 billion on steady interest earnings and lower loan loss provisioning expense as asset quality improved. This brought the bank’s six-month net profit to P8.3 billion, 94-percent higher than the same period last year. This translated to a The post UnionBank Q2 profit up 91.6%; full-year goal within sight appeared first on Inquirer Business.

    by The Manila Times on July 26, 2021 at 5:36 pm
    by The Manila Times on July 26, 2021 at 5:34 pm
  • Cleanup operations
    by The Manila Times on July 26, 2021 at 5:30 pm
  • Protesters
    by The Manila Times on July 26, 2021 at 5:29 pm
  • Delta variant downs PSEi anew
    by Faye Almazan on July 26, 2021 at 5:25 pm

    The Philippine stock index continued to plummet on Monday amid worries on the contagious Delta variant.The bellwether Philippine Stock Exchange index (PSEi) plunged by 2.27 percent or 148.13 points to its intraday low of 6,372.61, while the broader All Shares dropped by 1.82 percent or 73.36 points to close at 3,965.15.Diversified Securities Inc. trader Aniceto Pangan attributed the local bourse's slump to the new Delta variant cases in the country and the recent reversion to stricter […]

  • PH fiscal metrics stronger than peers
    by Mayvelin U. Caraballo on July 26, 2021 at 5:24 pm

    Despite deterioration caused by the coronavirus pandemic in 2019, the Philippines' fiscal metrics are stronger than its peers, according to Moody's Investors Service.In a fresh report released on Monday, it said, "The Philippines has sustained its position compared with rating peers because of the strengthening of its fiscal metrics ahead ofthe pandemic shock."To make comparisons easier, the credit rating agency said it used general government (GG) figures, which include the national […]

  • ARTA bats for 100% operational capacity for frontline services
    by The Manila Times on July 26, 2021 at 5:23 pm

    The Anti-Red Tape Authority (ARTA) is pushing for the reintegration of government workers in the regular work set up to prevent the decline in quality of government services.In a statement, ARTA proposed the implementation of 100-percent operational capacity for frontline government services, including back end services supporting frontline services, for all work days of the week.ARTA said this should not include employees who were accorded with special protection under Civil Service Commission […]

  • RCEP to attract more foreign investments
    by Anna Leah E. Gonzales on July 26, 2021 at 5:22 pm

    The ratification of the Regional Comprehensive Economic Partnership (RCEP) will help the Philippines further attract foreign direct investments, a Trade official said."Besides the huge domestic market of 110 million people, the Philippines offers access to the Asean market that has more than 600 million population, and to other key markets through our free trade agreements (FTAs) and generalized system of preference (GSP) with other countries and regions," Trade Secretary Ramon Lopez said.RCEP, […]

  • Q2 palay output seen hitting 4.24 MMT
    by Eireene Jairee Gomez on July 26, 2021 at 5:21 pm

    The country's palay (unmilled rice) production is seen to reach 4.24 million metric tons (MT) in the second quarter of the year, the Philippine Statistics Authority (PSA) said, revising its earlier estimate of 4.23 million MT.In its May round estimate on Philippine palay production, PSA said that latest figure was higher by 0.3 percent from its estimate a month ago and likewise a 2.9 percent increase from 4.13 million MT recorded in April-June 2020.The updated forecast showed that harvest area […]

  • Meralco 1H income up 45%
    by  Jordeene B. Lagare on July 26, 2021 at 5:19 pm

    MANILA Electric Co. (Meralco) posted a net income of P9.949 billion in the first six months of 2021, a 45-percent surge from P6.844 billion in the same period a year ago.In a virtual briefing held Monday, Meralco Senior Vice President and Chief Financial Officer Betty Siy-Yap said the power distributor recorded a higher net income amid the impairment of its equity investment in PacificLight Power Pte Ltd. in the first quarter of 2020.Consolidated revenues stood at P149.097 billion, up by 8 […]

  • UnionBank H1 income rises to P8.3 billion
    by Mayvelin U. Caraballo on July 26, 2021 at 5:19 pm

    Listed Union Bank of the Philippines is optimistic in hitting its targets this year after posting a double-digit growth in its first half net profitThe Aboitiz-led lender said in a statement on Monday that it had a better first half of 2021, with a net earnings of P8.3 billion, up 94 percent from the same period last year. This resulted in a 15.9 percent return on investment.However, the writer computed that the company's net income expanded by just 84.44 percent in the first half of this year […]

  • Achieving the triple bottom line through fair trade
    by Rhoey Lee Dakis on July 26, 2021 at 5:17 pm

    The coronavirus disease 2019 (Covid-19) changed our lives practically overnight, redefining our way of life and how we do business. Travel restrictions, community guidelines, and curfew schedules keep on changing and the same thing goes for business success and effectiveness measures. While different organizations use various indicators to assess success and effectiveness, I believe the most common denominator is profit. High profitability is good but profit should not be the end goal. Instead, […]

  • US in wrong direction in Covid bout – expert
    by Associated Press on July 26, 2021 at 5:15 pm

    WILMINGTON: The United States is in an "unnecessary predicament" of soaring Covid-19 cases fueled by unvaccinated Americans and the virulent Delta variant, the nation's top infectious diseases expert said on Sunday (Monday in Manila)."We're going in the wrong direction," said Dr. Anthony Fauci, describing himself as "very frustrated."He said recommending the vaccinated wear masks is "under active consideration" by the government's leading public health officials. Also, booster shots may be […]

  • Why bragging is a pathetic marketing strategy
    by Rey Elbo on July 26, 2021 at 5:14 pm

    WHEN retailers, service providers and management consultants tell you they're "experts" in their advertisements on social media (or elsewhere), then what does they tell you? It catches your attention, right? Somehow, but momentarily. For many critical thinkers, such claim is always an interesting find that could merit further investigation for many reasons, including a good topic for a post-graduate research in advertising and marketing.The easy part is that - these advertisements betray the […]

  • Asian markets fall as WS falters
    by Agence France-Presse on July 26, 2021 at 5:11 pm

    TOKYO: Markets in Asia mostly fell Monday morning, led by Hong Kong after Beijing at the weekend further cracked down on China's tech firms, while education firms were hammered as the government unveiled sweeping reforms of the sector.The broad losses across the region came as traders continued to fret over the fast spread of the Delta coronavirus variant, which has sent infections spiking and forced some governments to reimpose economically painful lockdowns or other containment measures.The […]

  • US senators vow to solve infra row
    by Associated Press on July 26, 2021 at 5:10 pm

    WASHINGTON, D. C.: Lawmakers racing to seal a bipartisan infrastructure deal early this coming week are hitting a major roadblock over how much money should go to public transit, the group's lead Republican negotiator said Sunday (Monday in Manila).As discussions continued through the weekend, Ohio Sen. Rob Portman said both sides were "about 90 percent of the way there" on an agreement."We have one issue outstanding, and we're not getting much response from the Democrats on it," he said. "It's […]

  • California wildfires worsen, fortify
    by Associated Press on July 26, 2021 at 5:10 pm

    INDIAN FALLS: California's largest wildfire merged with a smaller blaze and destroyed homes in remote areas with limited access for firefighters as numerous other fires gained strength and threatened property across the US West.The massive Dixie Fire, which started on July 14, had already leveled over a dozen houses and other structures when it combined with the Fly Fire and tore through the tiny Northern California community of Indian Falls after dark on Saturday.An updated damage estimate was […]

  • Yuan now 3rd most traded currency
    by Global Times on July 26, 2021 at 5:09 pm

    BEIJING: The internationalization of Chinese yuan accelerated in 2020 despite the ravaging global pandemic and the US government's containment of China's growth. Experts predict there exists great room for the currency's further internationalization, calling for convenient flows of the yuan and expansion of cross border investment avenues.The yuan internationalization index reached 5.02 at the end of 2020, a sharp increase of 54.2 percent from the previous year, making it No.3 among […]

  • Europe's spying issue settled
    by Agence France-Presse on July 26, 2021 at 5:09 pm

    VEVEY: Credit Suisse reached an out-of-court settlement with former star wealth manager Iqbal Khan over a spying scandal that cost the scalp of the then-chief executive, Switzerland's second-biggest bank said Sunday (Monday in Manila).CEO Tidjane Thiam was forced to resign in February 2020 after admitting the bank had hired investigators to follow Khan, head of international wealth management, because he had opted to move to arch-rival, UBS.As well as sending shockwaves through banking circles, […]

  • Covid hits Europe's tourism potentials
    by Associated Press on July 26, 2021 at 5:08 pm

    LONDON: Chaos and confusion over travel rules and measures to contain new virus outbreaks are contributing to another cruel summer for Europe's battered tourism industry.Popular destination countries are grappling with surging Covid-19 variants, but the patchwork and last-minute nature of the efforts as the peak season gets underway threatens to derail another summer.In France, the world's most visited country, visitors to cultural and tourist sites were confronted this week with a new […]

  • Jet fuel shortage hampers airlines
    by Associated Press on July 26, 2021 at 5:07 pm

    SEATTLE: A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West.In Nevada, state and federal lawmakers said they are investigating a possible shortage of jet fuel that could delay cargo delivery and passenger travel at Reno-Tahoe International Airport in the coming days.A spike in demand for jet fuel both by commercial airlines and from firefighting aircraft in Montana and the Pacific […]

  • Creba bats for affordable housing in transport hubs
    by Aaron Ronquillo on July 26, 2021 at 5:06 pm

    THE Chamber of Real Estate & Builders' Associations Inc. (Creba) has recently petitioned concerned government agencies for the inclusion of sites for affordable housing in areas within walking distance of the railway stations that the Department of Transportation is either currently designing or constructing.In a statement, Creba National Chairman Charlie A. V. Gorayeb said that with government providing the land, private housing developers can take care of building housing units in […]

  • World needs to act vs climate, UN tells G20
    by Xinhua on July 26, 2021 at 5:05 pm

    UNITED NATIONS: UN Secretary-General António Guterres on Sunday (Monday in Manila) called for leadership of the Group of 20 (G20) on global climate action."The world urgently needs a clear and unambiguous commitment to the 1.5-degree goal of the Paris Agreement from all G20 nations. There is no pathway to this goal without the leadership of the G20," he said in a statement at the G20 ministerial meeting on environment, climate and energy."This signal is desperately needed by the billions of […]

  • Ayala Land marks 30th year in PSE
    by Faye Almazan on July 26, 2021 at 5:03 pm

    AYALA Land Inc. (ALI) puts focus on sustainability and long-term growth as it marked its 30th listing anniversary in the Philippine Stock Exchange (PSE)."We remain confident that our many ongoing initiatives have helped us build a strong platform to prepare for recovery and renewed growth," ALI Chairman Fernando Zobel de Ayala said during the virtual ceremony on Friday.Zobel de Ayala said this year is also meaningful to the company as it transitions its listed subsidiaries.The ALI chief said […]

  • Travel and architecture
    by ARCH. BENJAMIN  PANGANIBAN JR., FUAP on July 26, 2021 at 5:02 pm

    PEOPLE love traveling to various places, especially to places they write down as their bucket list. These places have always been interesting and inviting propositions to them.Before the coronavirus disease 2019 (Covid-19) pandemic, traveling had become a customary activity for a lot of Filipinos, especially since the cost of air travel became affordable to the level of the working middle class.Somehow traveling stimulates the mind, excites the body and educates the person. There is something […]

  • Severe pollution turns Argentina lake pink
    by Agence France-Presse on July 26, 2021 at 5:00 pm

    PATAGONIA: A lagoon in this Argentine southern region has turned bright pink in a striking, but frightful phenomenon experts and activists blame on pollution by a chemical used to preserve prawns for export.The color is caused by sodium sulfite, an antibacterial product used in fish factories, whose waste is blamed for contaminating the Chubut River that feeds the Corfo lagoon and other water sources in the region, according to activists.Residents have long complained of foul smells and other […]

  • Duterte says water concessionaires not off the hook despite new contracts
    by ABS-CBN News on July 26, 2021 at 4:57 pm

    President Rodrigo Duterte warned the 2 water concessionaires operating in Metro Manila and nearby areas that he can still go after them even if he signs new contracts with these companies. 

  • 'Fabian' leaves P40M damage in Bulacan
    by Frederick Silverio on July 26, 2021 at 4:55 pm

    Damage to crops, fisheries and public infrastructure caused by Typhoon "Fabian" (international name: "In-Fa") and the southwest monsoon in Bulacan was initially estimated at P40 million, the Bulacan Provincial Disaster Risk Reduction Management Office (PDRRMO) said.The PDRRMO also reported that at least 2,000 residents from 515 families from more than 100 barangay (villages) in 12 towns and cities in the province were evacuated from their homes.Reports also said some areas were submerged in up […]

  • France imposes jab passport; rallies worsen
    by Agence France-Presse on July 26, 2021 at 4:55 pm

    PARIS: France's parliament voted to make vaccine passports a key part of daily life in the battle against Covid-19 on Sunday (Monday in Manila), after a compromise between lawmakers from the upper and lower houses.The breakthrough in talks came a day after France was again shaken by protests against the rules that saw over 160,000 rally and dozens arrested.President Emmanuel Macron last week ordered that the health pass - proof of full vaccination or a negative test - would be required for the […]

  • On last SONA, Duterte calls for passage of bills to attract foreign investment
    by ABS-CBN News on July 26, 2021 at 4:51 pm

    President Rodrigo Duterte called on lawmakers to pass three priority bills meant to attract more foreign investments into the country.  

  • Stop demonizing China, US told
    by Agence France-Presse on July 26, 2021 at 4:50 pm

    BEIJING: Beijing urged the United States to stop "demonizing" China during Monday talks with Deputy Secretary of State Wendy Sherman, the highest-level official to visit under President Joe Biden's administration.Sherman arrived in the city of Tianjin on Sunday, aiming to seek "guardrails" as ties between the world's top two economies continue to deteriorate on a range of issues from cybersecurity to human rights."The hope may be that by demonizing China, the US could somehow... blame China for […]

  • 170 houses given to residents displaced by Marawi Siege
    by Asangan Madale on July 26, 2021 at 4:45 pm

    MARAWI CITY Mayor Majul Usman Gandamra formally turned over 170 houses to internally displaced persons (IDPs) in a simple ceremony, witnessed by other local officials and residents in the city.Located at Darussalam Village and Pamayandeg sa Ranao Residences, the turnover was part of the second phase of the project, initiated by the United Nations-Habitat Philippines and the government of Japan."Indeed, this is a manifestation that the international community can exist, and friendship between […]

  • Tribal leaders slam suspension of mayor
    by Leander C. Domingo on July 26, 2021 at 4:45 pm

    NAGTIPUNAN, Quirino: United under the leadership of the Bugkalot tribe, leaders of several tribes have denounced the decision of the Sangguniang Panlalawigan (SP) to suspend Nagtipunan Mayor Nieverose Camma-Meneses."This is purely political and only aimed to oust the mayor from her post to give chance to [the SP's] bet, who will be fielded in the 2022 national and local elections," the tribal leaders said in a statement, led by Chieftain Rosario Camma of the Bugkalot Federation in the provinces […]

  • Iraq doesn't need US vs IS, says PM
    by Associated Press on July 26, 2021 at 4:45 pm

    BAGHDAD: Iraq's prime minister said his country no longer requires American combat troops to fight the Islamic State (IS) group, but a formal time frame for their redeployment will depend on the outcome of talks with US officials this week.Mustafa al-Kadhimi said Iraq will still ask for US training and military intelligence gathering. His comments came in an exclusive interview with The Associated Press ahead of a planned trip to Washington where he's slated to meet with President Joe Biden on […]

  • Lockdown looms
    by Catherine S. Valente on July 26, 2021 at 4:44 pm

    PRESIDENT Rodrigo Duterte on Monday said the past five years of his term have been "truly challenging and humbling," particularly because of the raging pandemic, which may again force the government to declare another lockdown.In his valedictory State of the Nation of Address (SONA), Duterte said that in his remaining year in office, he will have "fewer visions" for the country but "more remembrances.""Today, as I approach the end of my term, I have fewer visions but more remembrances. But mine […]

  • Manila Symphony Junior String Quartet performs @ Sunshine Classics Series
    by The Manila Times on July 26, 2021 at 4:40 pm

    THE Manila Symphony Junior String Quartet delights audiences as it performs music ranging from classics to pop, the third series in the Sunshine Classics.The quartet is composed of award-winning young performers: violinists Jean Rafaella Marquez and Emanuel John Villarin, violist Lance Morrison Tulagan, and cellist Justin Louis Talusan. They are winners in the National Music Competitions for Young Artists (NAMCYA), which was established to be an instrument in discovering major music talents […]

  • 3 drug suspects nabbed in Baguio
    by Dexter See on July 26, 2021 at 4:40 pm

    BAGUIO CITY: A high-value, drug personality and two street-level individuals were arrested while suspected shabu worth over P40,360 was seized from them by a team of police operatives and anti-narcotics agents during separate buy-bust operations in the city over the weekend.Col. Glen Lonogan, city director of the Baguio City Police Office, disclosed that the joint sting operations resulted in the arrest of three suspects identified as Dlanor John Aquino Villanueva, 30; Sandra Marie Menis […]

  • Nepal tightens Covid lockdown
    by Xinhua on July 26, 2021 at 4:40 pm

    KATHMANDU: The ongoing lockdown in Nepal's Kathmandu Valley was extended for 10 more days on Sunday until August 4, though most of the restrictive measures have been relaxed in past weeks."We extended the lockdown by keeping certain activities under the prohibited list," Kali Prasad Parajuli, chief district officer of the Kathmandu District, told Xinhua. "The health protocols should be followed to carry out activities in the sectors where the provisions of lockdown have been relaxed."Sporting […]

  • Watanabe, 2 others make Olympic debut
    by Niel Victor C. Masoy on July 26, 2021 at 4:40 pm

    FILIPINO swimmer Remedy Rule eyes a semifinal berth, while fellow swimmer Luke Gebbie, judoka Kiyomi Watanabe and weightlifter Elreen Ando make their Olympic debut in the Tokyo Games on Tuesday.Rule, who is half American, tries to make the semifinals of the women's 200-meter butterfly event at 6:31 p.m. (Philippine time) at the Tokyo Aquatics Center.The 24-year-old's chances of entering the semis are great considering there are only 17 swimmers in the 3-heat race, and the top 16 advance to the […]

  • President's approval, trust ratings decline – survey
    by Kaithreen Cruz on July 26, 2021 at 4:39 pm

    PRESIDENT Rodrigo Duterte's approval and trust ratings had a "sizeable" decline, a survey by PUBLiCUS Asia showed.Duterte had an approval rating of 58 percent, down from 65 percent in the first quarter of this year.His trust rating also slid to 50 percent from 55 percent."While it is a sizable drop for both approval and trust ratings, President Duterte still leads the top five government officials with a total approval rating of 58 percent and a total trust rating of 50 percent," PUBLiCUS […]

  • Honeylet, Pulong, 4 grandkids attend last SONA
    by Currie Cator on July 26, 2021 at 4:36 pm

    Six family members of President Rodrigo Duterte attended his final State of the Nation Address (SONA) at the Batasang Pambansa on Monday.Duterte's partner, Cielito "Honeylet" Avanceña; his son, House Deputy Speaker and Davao City Rep. Paolo "Pulong" Duterte; and four grandchildren were there.Sen. Christopher Lawrence "Bong" Go identified the grandchildren as January, Jennifer, Harold and Omar Duterte.Aside from his child with Honeylet, the President has three other children with his former […]

  • 18 boat passengers rescued off Sulu
    by Al Jacinto on July 26, 2021 at 4:35 pm

    ZAMBOANGA CITY: The Philippine Navy rescued 18 passengers of a motorboat, battered by huge waves and strong winds while sailing to Basilan province from the southern province of Sulu on Sunday, officials said on Monday.Col. Hernani Songano, commander of the Naval Task Group-Sulu and the 4th Marine Brigade, said the passengers of the MB Bongarita – 12 adults and six minors – were taken to a hospital in Sulu's Luuk town for medical examination after the Sunday rescue."All are safe," Songano […]

    by The Manila Times on July 26, 2021 at 4:35 pm
  • Toyota PH premieres the GR Yaris online
    by The Manila Times on July 26, 2021 at 4:35 pm

    THE Toyota Gazoo Racing thrill never stops. Following the teaser by Toyota Motor Philippines (TMP) President Atsuhiro Okamoto during the kickoff weekend of the Toyota Gazoo Racing Vios Cup, TMP had its digital preview of its most anticipated hatchback on July 17, 2021.TMP invited everyone to have a sneak peek of the heart-racing excitement on July 17 at 6 p.m. through the official Toyota Motor Philippines and TOYOTA GAZOO Racing PH Facebook pages. There were fun games and announcements with […]

  • Fil-Am wins gold in Olympics for USA
    by Aric John Sy Cua on July 26, 2021 at 4:35 pm

    FILIPINO-AMERICAN fencer Lee Kiefer has won the gold medal at the women's individual foil event at the Tokyo Olympics on Sunday night.The 27-year-old Kiefer, who represents the United States, defeated former Olympic and world champion Inna Deriglazova from Russia 15-13 at the Makuhari Messe convention center in Chiba to capture her first Olympic gold medal.Russia's Larisa Korobeynikova had captured the bronze medal after defeating Italy's Alice Volpi 15-14.It is the United States' first gold […]

  • Quanzhou enters Unesco list
    by Xinhua on July 26, 2021 at 4:35 pm

    FUZHOU: Historical sites in east China's port city of Quanzhou won Unesco World Cultural Heritage status on Sunday, bringing the total number of the country's Unesco World Heritage sites to 56.The United Nations Educational, Scientific and Cultural Organization (Unesco) accepted "Quanzhou: Emporium of the World in Song-Yuan China" as a cultural property on its World Heritage List amid the ongoing 44th session of the World Heritage Committee held in Fuzhou, capital of east China's Fujian […]

  • Covid cases up in 6 regions
    by Red Mendoza on July 26, 2021 at 4:32 pm

    CASES of coronavirus disease 2019 (Covid-19) have gone up in six regions in the country, but the Department of Health (DoH) cannot say if the spikes are driven by more transmissible variants.Health Undersecretary Maria Rosario Vergeire on Monday identified the regions as Cagayan Valley, Central Luzon, Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), Central Visayas, Northern Mindanao and the National Capital Region.Vergeire told reporters the rise in cases was noted from July 11 to […]

  • P306K worth of shabu seized in Nueva Vizcaya
    by Leander C. Domingo on July 26, 2021 at 4:30 pm

    BAYOMBONG, Nueva Vizcaya: Two days of intensive police anti-illegal drug operations in this town have resulted in the confiscation of P306,000 worth of illegal drugs and the arrest of two suspected pushers, said police reports, released on Monday.LtCol. Andree Abella, Regional Police Office 2 (PRO2) information officer, identified the suspects that were separately arrested over the weekend as Riza Marie de Manaoat Guzman, 40, a resident of Lingayen in Pangasinan, and Joseph Francisco Navarro […]

  • Thousands affected by monsoon rains, typhoon
    by Dempsey Reyes on July 26, 2021 at 4:30 pm

    THOUSANDS of Filipinos remain affected by the continuous rains brought by the habagat (southwest monsoon) and enhanced by Typhoon "Fabian" (international name: "In-Fa"), according to the National Disaster Risk Reduction and Management Council (NDRRMC).In its situational report on Monday, the NDRRMC said a total of 202,213 individuals or 50,676 families have been affected by the inclement weather while 38,472 persons have been displaced and were currently staying in evacuation centers.These […]

  • Saving Metro Manila from the cycle of flooding
    by The Manila Times on July 26, 2021 at 4:30 pm

    THOUSANDS of residents are forced out of their homes by floodwaters unleashed by relentless monsoon rains. Hundreds of commuters can't get a ride, and traffic on EDSA is hopelessly clogged.Metro Manilans suffer the same ordeal every year and can only pray they don't go through another Typhoon "Ondoy."The typhoon that struck on September 2009 has been the benchmark for measuring flood-induced devastation in Metro Manila.In just 24 hours, Typhoon "Ondoy" dumped 455 millimeters of rain, equivalent […]

  • Tugade inaugurates Metro Cebu bike lanes
    by The Manila Times on July 26, 2021 at 4:30 pm

    WITH the completion of the network of dedicated bicycle lanes, bikers in Metro Cebu, Metro Davao and Metro Manila will no longer have to compete with motorists for safe spaces on the roads as they pedal to work and to other places, Department of Transportation (DoTr) Secretary Arthur "Art" Tugade said on July 16, 2021.Tugade said the established bike lanes in these cities are also equipped with bike facilities and safety features to prevent road accidents.Tugade also pointed out that amid the […]

  • PSEI plunges to lowest level since May
    by ABS-CBN News on July 26, 2021 at 4:24 pm

    The Philippine Stock Exchange Index plunged to its lowest level since May amid continued foreign selling.

  • Palay production target on track
    by Catherine Talavera on July 26, 2021 at 4:00 pm

    Agriculture Secretary William Dar remains hopeful it will achieve record production of palay or unhusked rice this year as output grew by nearly six percent in the first half.

  • Pandemic-related risks to delay Philippine recovery
    by Lawrence Agcaoili on July 26, 2021 at 4:00 pm

    Pandemic-related risks are expected to delay the Philippines’ economic recovery and may raise the prospects of long-term economic scarring, according to Moody’s Investors Service.

  • BDO, American Express to launch virtual shopping card
    by Lawrence Agcaoili on July 26, 2021 at 4:00 pm

    BDO Unibank Inc. and partner American Express are launching a virtual card that clients can use to shop online.

  • UnionBank profit surges to P8.3 billion in first half
    by Lawrence Agcaoili on July 26, 2021 at 4:00 pm

    Union Bank of the Philippines almost doubled its profit to P8.31 billion in the first half from the revised P4.27 billion in the same period last year on the back of the double-digit growth in revenues and a sharp drop in provision for potential loan losses arising from the COVID-19 pandemic.

  • Index falls to 6,372, lowest in 2 months
    by Iris Gonzales on July 26, 2021 at 4:00 pm

    The main stock gauge plunged to its lowest level in two months yesterday ahead of President Duterte’s last State of the Nation Address and amid a continued surge in COVID-19 Delta variant cases in the country.

  • Meralco confident it will post higher profits this year
    by Danessa Rivera on July 26, 2021 at 4:00 pm

    Manila Electric Co. is optimistic it will book higher profit this year as its first half performance showed promising results.

  • T-bills mixed on renewed tighter lockdowns
    by Elijah Felice Rosales on July 26, 2021 at 4:00 pm

    Rates for short-term government securities were mixed yesterday on concerns that authorities may revert select areas into tighter lockdowns due to risks posed by the COVID Delta variant.

  • DoubleDragon expands leasable portfolio
    by Iris Gonzales on July 26, 2021 at 4:00 pm

    DoubleDragon Properties Corp. has expanded its leasable portfolio with the completion of phase 3 of CentralHub-Tarlac.

  • Alaska Milk introduces new managing director
    on July 26, 2021 at 4:00 pm

    Alaska Milk Corp. announces the appointment of Tarang Gupta as its new managing director, effective Aug. 1. He takes the place of Harvey Uong, who has been appointed as senior vice president – Region Asia for AMC’s parent company, FrieslandCampina.

  • Mega Global hopeful of sustained growth
    by Catherine Talavera on July 26, 2021 at 4:00 pm

    Sardines manufacturer Mega Global Corp. is hopeful it will sustain its growth this year as it continues to improve the quality of its products and prioritize the health of its workforce amid the strong demand for canned goods brought on by the pandemic.

  • Moving ahead: Prioritizing tasks on the last year
    by Rey Gamboa on July 26, 2021 at 4:00 pm

    In his last year of office, the President’s popularity rating shows little signs of tarnish.

  • Duterte eyes reassignment of ABS-CBN’s radio frequencies; again accuses firm of unpaid taxes
    by besguerra on July 26, 2021 at 2:08 pm

    MANILA, Philippines — President Rodrigo Duterte said Monday that he would reassign radio frequencies that were held by ABS-CBN Corp. while again accusing the former television giant of owing the government “billions in taxes,” contrary to the assessment of the Bureau of Internal Revenue (BIR). During his final State of the Nation Address, the President The post Duterte eyes reassignment of ABS-CBN’s radio frequencies; again accuses firm of unpaid taxes appeared first on Inquirer […]

  • Duterte tells DBM, NEDA: Finish flagship projects within my term
    by Alexis Romero on July 26, 2021 at 2:01 pm

    President Rodrigo Duterte on Monday ordered economic managers to finish the administration's flagship projects before he steps down even as he claimed that the government was able to take away the "misery" of commuters.

  • In Duterte's final SONA, a clear pandemic game plan is missing
    by Ramon Royandoyan on July 26, 2021 at 1:36 pm

    Just like his penultimate report to the nation, President Rodrigo Duterte’s final State of the Nation Address lacked a detailed discussion on his pandemic exit strategy.

  • Meralco posts higher profits in H1, but Delta variant a threat
    by Ramon Royandoyan on July 26, 2021 at 11:40 am

    Manila Electric Co. posted higher earnings in the first half, but the company said the arrival of the highly infectious Delta variant brings a new threat to recovery.

  • Duterte boasts of completed infra projects in last SONA
    by Jessica Fenol, ABS-CBN News on July 26, 2021 at 11:11 am

    The administration has completed infrastructure projects that helped eliminate the "misery" of public commuting in the country's congested capital, President Rodrigo Duterte said Monday during his 6th and last State of the Nation Address.  

  • Warring Medical City shareholders make peace ahead of new investor’s entry
    by tbergonia on July 26, 2021 at 9:38 am

    MANILA, Philippines—The warring shareholders of the The Medical City have ended their fight for control of one of the country’s premier private medical institutions, saying both sides have set aside differences ahead of the entry of a new investor. In a joint statement issued on Monday (July 26), both camps — one headed by hospital The post Warring Medical City shareholders make peace ahead of new investor’s entry appeared first on Inquirer Business.

  • DOF: We never denied underspending Bayanihan funds
    on July 26, 2021 at 8:36 am

    Finance Secretary Carlos Dominguez III said the government never denied underspending funds under the “Bayanihan 2” stimulus package.

  • Economy of coup-wracked Myanmar to contract 18 percent: World Bank
    by Agence France-Presse on July 26, 2021 at 7:54 am

    Myanmar's economy is expected to shrink by 18 percent in 2021, the World Bank said Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak.

  • PNB marks 105th year with launch of new digital app, premiere of ‘DongYan’ video
    on July 26, 2021 at 7:00 am

    To see how DongYan enjoys banking convenience with the new PNB Digital App, watch here.

  • Tips for a cheerful life
    by vcatibog on July 26, 2021 at 6:43 am

    “One of the best ways to make yourself happy is to make other people happy. One of the best ways to make other people happy is to be happy yourself.” Author Gretchen Rubin couldn’t have said it better in her NY Times bestseller The Happiness Project. Picture yourself being filled with joy every single day The post Tips for a cheerful life appeared first on Inquirer Business.

  • Bill to end 'endo' unlikely to get Duterte nod: employers group
    by ABS-CBN News on July 26, 2021 at 6:42 am

    A new "endo" bill that will ban all kinds of contractualization for workers is unlikely to be approved by President Rodrigo Duterte during the pandemic, an employers group said Monday.   

  • Expand your horizons with graduate education at National Institute of Education, Singapore
    on July 26, 2021 at 5:54 am

    An internationally recognized graduate degree from NIE not only stands as evidence that your skills and abilities have been tested in a rigorous program, but it also opens new doors for your career progression globally.

  • Businesses to look for clearer pandemic exit strategy in final SONA
    by Ramon Royandoyan on July 26, 2021 at 5:45 am

    Before President Rodrigo Duterte delivers his final state of the nation address, the business sector believes his administration needs to do more if he wants to pull the Philippines out of the pandemic hole.

  • Shopee giving discounts, vouchers to fully vaccinated customers
    by ABS-CBN News on July 26, 2021 at 5:31 am

    Shopee is giving discounts, vouchers and free shipping to fully vaccinated customers, the company announced on Monday. 

  • Innovation in education through the pandemic
    by hniitsu on July 26, 2021 at 4:25 am

    Written by: Ruel S. De Vera School is an integral part of the rhythm of Filipino life. The entire year is often planned by families based on when school opens and ends, and the students plan their future based on the subjects they are taking. So when the COVID-19 pandemic caused the largest disruption in The post Innovation in education through the pandemic appeared first on Inquirer Business.

  • Congress has time to pass more economic measures: lawmakers
    by ABS-CBN News on July 26, 2021 at 4:08 am

    Congress has time to pass several economic measures before the end of President Rodrigo Duterte's term, lawmakers said Monday.

  • Presyo ng gulay, isda sa Murphy Market, tumaas dahil sa pag-ulan
    by ABS-CBN News on July 26, 2021 at 3:50 am

    Tumaas ang presyo ng ilang klase ng gulay at isda sa Murphy Market nitong Lunes, bunsod ng sunod-sunod na pag-ulan.   

  • Bitcoin leaps 12 percent to test recent peaks, ether hits 3-week high
    by Reuters on July 26, 2021 at 3:50 am

    Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.

  • Ilang oil companies nag-anunsiyo ng rollback sa petrolyo simula Hulyo 27
    by ABS-CBN News on July 26, 2021 at 3:41 am

    Nag-anunsiyo ang ilang oil companies na magkakaroon sila ng rollback sa presyo ng produktong petrolyo simula Hulyo 27. 

  • SMDC rolls out vaccination program for all its residents and employees
    by vcatibog on July 26, 2021 at 3:34 am

    The race to stop the spread of Covid-19 through vaccination continues and SM Development Corporation (SMDC) is stepping on the gas to protect its residents and employees.  Partnering with local government units and the Philippine Red Cross, the country’s largest and fastest growing real estate developer recently inoculated 1,200 condominium residents in four of its The post SMDC rolls out vaccination program for all its residents and employees appeared first on Inquirer Business.

  • Duterte admin's job creation lowest among presidents after Marcos: think-tank
    by ABS-CBN News on July 26, 2021 at 2:58 am

    President Rodrigo Duterte will leave behind a legacy of a weak economy and lowest job creation among administrations after Martial Law if he would not acknowledge this in his final year, a think-tank said Monday.

  • Greenergy announces deal to run lead generation for Dito
    on July 26, 2021 at 12:46 am

    The team-up was committed to paper in the form of a memorandum of agreement (MOA) between the Antonio Tiu-led Greenergy and the Dennis Uy-led Dito Telecommunity.

  • Discovery World pushes P11-M into new Davao-based development holdco
    on July 26, 2021 at 12:45 am

    Discovery World Corp. incorporated One Davao Corporation (ODC), with an authorized capital stock of P100 million, and will invest P11 million in ODC shares, making ODC a wholly-owned subsidiary of DWC.

  • Important Things to Know About Motorcycle Insurance
    by on July 25, 2021 at 11:42 pm

    A motorcycle is convenient and affordable. Pwede pang gamitin ang motorsiklo pang-hanapbuhay. Pero mas prone din ito sa aksidente. 

  • Bankers remain cautious in lending
    by ryanl on July 25, 2021 at 9:05 pm

    Bankers are expected to tighten loan standards in the current quarter, potentially exacerbating an already worrisome downtrend in overall credit levels that have been on the decline since December, according to the latest central bank survey. In a statement, the Bangko Sentral ng Pilipinas said its Senior Bank Loan Officers’ Survey conducted in the previous The post Bankers remain cautious in lending appeared first on Inquirer Business.