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Monthly Archives: June 2018

How many Filipinos are employed by the MSMEs?

By Jochebed B. Gonzales, Senior Researcher In 2016, nearly five million Filipinos were employed by businesses classified as micro-, small- and medium-sized enterprises (MSMEs). On the...
video

How Philippine banks will fare amid rising interest rates

https://www.youtube.com/watch?v=_hw4Vku3oqE Moody’s Investors Service said Philippine banks will continue to thrive in the wake of back-to-back policy rate increases from the Bangko Sentral ng Pilipinas...
wet market produce section

BSP sees June inflation between 4.3-5.1%

INFLATION remained elevated in June given higher prices of rice and crops as well as cooking gas, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

DM Wenceslao slumps in market debut

PROPERTY developer and construction firm D.M. Wenceslao & Associates, Inc. raised P8.15 billion in the country’s first initial public offering (IPO) this year, but its shares closed below its offering price on its first day of trading.
telco

New draft rules propose auction of frequencies for 3rd telco player

THE Department of Information and Communications Technology (DICT) released on Friday another set of draft guidelines for the selection of the third major player in the telecommunications industry, this time proposing an auction of the frequency spectrums.
Trillanes

Trillanes seeks probe into anti-loitering operations

OPPOSITION Senator Antonio “Sonny” F. Trillanes IV has filed a resolution seeking an investigation, in aid of legislation, into the alleged arrest of loiterers by the members of the Philippine National Police (PNP) following the order of President Rodrigo R. Duterte.

Robredo to appeal decision that penalizes her for violating sub judice rule

VICE PRESIDENT Maria Leonor “Leni” G. Robredo on Friday said she plans to challenge the Presidential Electoral Tribunal’s (PET) decision to slap P50,000 fines against her party and counsel as well as those of former Senator Ferdinand “Bongbong” R. Marcos’s for violating the court’s sub judice rule.
Ombudsman

Ombudsman suspends DENR exec for abandoned Canadian trash

THE Office of the Ombudsman has suspended Department of Environment and Natural Resources (DENR) Undersecretary Juan Miguel Cuna in connection with the abandoned shipment of garbage imported from Canada to the Philippines in 2013, according to a statement released on Friday.

Immigration bureau bolsters Mactan-Cebu team ahead of new terminal’s opening

THE Bureau of Immigration (BI) has deployed a dozen more officers to the Mactan-Cebu International Airport (MCIA) ahead of the opening of its new passenger terminal on July 1.

Mistaken suspect in Nueva Ecija priest’s slay released

THE Cabanatuan City Regional Trial Court Branch 27 on Thursday ordered the withdrawal of the criminal case against a suspect in the killing of Nueva Ecija priest Richmond Nilo last June 10, saying he was mistakenly identified and arrested by authorities.
vehicles

LTFRB accredits new TNC E-Pick Me Up

THE Land Transportation Franchising and Regulatory Board (LTFRB) confirmed that it accredited a new transport network company (TNC) on Thursday.

Del Monte suffers net loss thanks to plant closures

DEL MONTE Pacific Limited (DMPL) swung to a net loss for the fiscal year ending April 2018, dragged by the closure of two plants in the United States.

DoJ’s Guevarra assigns new head prosecutor

SENIOR Deputy State Prosecutor Richard Anthony D. Fadullon has been assigned to fill in the shoes of former Acting Prosecutor General Jorge G. Catalan, following the latter’s voluntary exit from his post.

Indie power producer GBP shifts to sustainable energy

REGIONAL independent power producer Global Business Power Corp. (GBP) is shifting to provide sustainable energy solutions in a move to adapt to the current landscape in the sector.
PH coins new

Liquidity growth picks up slightly

By Melissa Luz T. Lopez, Senior Reporter MONEY SUPPLY grew faster in May even as growth in bank lending eased, the Bangko Sentral ng Pilipinas...

Velasquez takes over PT&T

PHILIPPINE Telegraph and Telephone Corp. (PT&T) has formalized the election and appointment of James G. Velasquez as the company’s new president and chief executive officer, replacing Benjamin M. Bitanga.

Gov’t outstanding debt down in May

OUTSTANDING DEBT went down in May as the government settled domestic loans, the Bureau of the Treasury reported on Friday.
BSP

Net liability position improves in Q1

A DECLINE in liabilities, coupled with a rise in assets, caused the country’s international investment position (IIP) to improve as of March, the central bank said.
aircrafts airplanes

Philippines, Papua New Guinea increase air entitlements

THE PHILIPPINES and Papua New Guinea now have expanded air entitlements, having signed an agreement to improve air connectivity on Thursday.
SSS-Social Security System

SSS collections up 7.64% in Q1

THE SOCIAL Security System (SSS) collected more contributions from its members in the first quarter, boosting the pension fund’s revenues.

Coalition tackles eliminating plastic pollution

A coalition which includes corporate users of plastic packaging is working on addressing the problems caused by plastic waste.

Zamboanga-Kalimantan sea transport service being considered

DAVAO CITY — A sea transport service linking Kalimantan and Zamboanga is being eyed to boost trade and tourism between Indonesia and the Philippines, according to Indonesian Consul General Berlian Napitupulu.

Peso rebounds amid lingering overseas concerns

THE PESO strengthened versus the dollar on Friday to log its best showing in a week, as market players unwound their long positions and amid disappointing economic data in the United States.
jollibee-store -- BW

Jollibee ramping up global store expansion

JOLLIBEE Foods Corp. (JFC) is putting up 500 stores globally this year while scouting for new acquisitions, in a bid to have an equal contribution in sales from the local and international segments by 2023.
PSE bell

PSEi close higher on last trading day of 1st half

LOCAL shares recovered on Friday, ending the first half of the year on a positive note on the back of window dressing alongside gains in international markets.

Oil set for weekly surge as Saudis fail to allay supply fears

Oil surged this week by the most in two months as Saudi Arabia’s assurance of increased output failed to assuage concerns that disruptions from...

Emerging-market carnage sidesteps India as locals buy stocks

As emerging-market stocks reel under the pressure of a rising dollar and fiery trade rhetoric, Indian equities are charting a different course. The nation’s benchmark...
bitcoin

Bitcoin bloodbath nears dot-com levels as many tokens go to zero

Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help...

PHL, Japan eye ‘collaboration’ in Build Build Build program

Manila and Tokyo continued to engage in talks to deepen industrial cooperation amid the ongoing Build Build Build program of the government. In a statement...
vehicles

LTFRB accredits new TNC E-Pick Me Up

The Land Transportation Franchising and Regulatory Board (LTFRB) confirmed it has accredited a new transport network company (TNC) on Thursday, June 28. Inter-Agency Council for...
telco

DICT releases second draft of selection terms for third telco player

The Department of Information and Communications Technology (DICT) has issued on Friday, June 29, its draft terms of reference (TOR) for the selection of...

Del Monte Pacific reports net loss due to closure of two US plants

Del Monte Pacific Limited (DMPL) swung to a net loss for the fiscal year ending April 2018, dragged by the closure of two plants...
PSE

Stocks rebound on window dressing

By Arra B. Francia, Reporter Local shares recovered on Friday, June 29, ending the first half of the year on a positive note on the...

Philippines, Papua New Guinea sign deal to expand air entitlements

The Philippines and Papua New Guinea now have expanded air entitlements after the two governments signed an agreement to improve air connectivity on Thursday. In...

PT&T names new CEO

The Philippine Telegraph and Telephone Corporation (PT&T) has formalized the election and appointment of James G. Velasquez as the company’s new president and chief...
video

Interview with Nichkhun (2PM) and Xander (U-Kiss)

  The second season of One Night Food Trip, airing in July, features Nichkhun of 2PM and Alexander, formerly of U-Kiss, competing with Filipino celebrity cousins...
Trillanes

Trillanes seeks Senate probe on ‘anti-tambay’ operations

Opposition Senator Antonio "Sonny" F. Trillanes IV has filed a resolution seeking an investigation, in aid of legislation, into the alleged arrest of tambays,...

British energy giant BP bets on electric car boom

British energy major BP on Thursday bought the nation's largest electric vehicle charging firm, as it bets on booming demand in the coming decades. The...

Before Lafarge, other groups accused of crimes against humanity

The French cement giant Lafarge, now a part of the LafargeHolcim group, is one of several international companies which have been pursued for complicity...

S. Korea’s LG Group heads for fourth generation succession

South Korea's LG Group on Friday welcomed the heir to its late patriarch as holding company board member, paving the way for yet another...

Asian markets swing as painful quarter draws to close

Asian markets fluctuated through the morning as investors headed for the end of a tumultuous quarter that has seen sharp losses around the world,...

Japan’s jobless rate hits 26-year low

Japan's jobless rate slumped to a 26-year low in May while the jobs-to-applicants ratio hit new record high, as the country struggles with labour...

Trump and Putin to stage long-awaited summit in Finland

Presidents Donald Trump and Vladimir Putin will hold their long-awaited first summit next month in the Finnish capital Helsinki, at what could prove a...
Mark Zuckerberg

Facebook boosts ad transparency as it braces for elections

Facebook announced new steps Thursday to let people see who is behind ads and other content on the leading social network as it braced...

US Fed: Deutsche Bank fails ‘stress test’

German banking giant Deutsche Bank's American operations failed the US Federal Reserve's annual stress test due to "widespread and critical deficiencies" in its risk...