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THE ASIAN Development Bank (ADB) has retained economic growth estimates for the Philippines that made the country one of Asia’s best performers, but at the same time upped its projected inflation rate this year to one of the region’s fastest.
THE BUREAU of Internal Revenue (BIR) has extended anew the deadline for processing value-added tax (VAT) refund claims affected by a 2014 rule that had initially denied many of them.
THE Makati City government and the consortium led by Philippine Infradev Holdings, Inc. (formerly IRC Properties, Inc.) broke ground on Wednesday the $3.7-billion Makati City Subway Project which aims to build an intracity railway system in the business district.
THE GOVERNMENT raised another P2.47 billion via the seven-year bonds on Tuesday after it opened its tap facility to accommodate excess demand from investors.
FACEBOOK PHILIPPINES said its messaging platform Messenger is starting to gain credibility as a channel for business transactions, noting it is recording more than 10 billion messages between individuals and businesses on the platform every month.
THE Department of Environment and Natural Resources (DENR) warned of the potential closure of establishments along the shores of Manila Bay that do not comply with environmental regulations, Secretary Roy A. Cimatu said.
Buy when the price is low. Sell when the price is high. This is the prescription given to those who are interested to invest in the stock market. But the underlying question is: when is it low or high? Fundamental analysts will prescribe comparing observed price versus intrinsic value. If the intrinsic value is higher than the price, buy the stock. If it is less, sell it. And if it is equal to price, hold it.
CRAFTING a successful season in 2018 amid a myriad of challenges that she had to face, wushu veteran Agatha Wong has only become more determined and inspired moving forward with her career.
MAJORITY OF Filipinos, at 61%, believe that the United States will defend the Philippines in case of an invasion by another country, according to the Second Quarter 2018 Social Weather Survey by the Social Weather Stations (SWS).
THE HOUSE of Representatives on Wednesday adopted a resolution urging President Rodrigo R. Duterte to reconsider the appointment of Budget Secretary Benjamin E. Diokno over alleged irregularities in the budget system.
THE local unit of Australia-listed Energy World Corp. Ltd. (EWC) has revived talks with lenders to finance the completion of its 650 megawatt (MW) combined cycle gas-fired power plant after it has received certification from the government that the project is one of national significance.
ABSTRACT paintings hold a multitude of meanings depending on the beholder, so instead of looking for meaning, one way to connect to the art work is to look at and appreciate the labor behind the creation.
COMPETITIVE beach volleyball action takes place this weekend with Beach Volleyball Republic On Tour’s December Open happening at the Sands SM By The Bay.
The appointment of Lucas Bersamin as chief justice of the Philippines is yet another blasphemy committed against one of our sacred institutions, the last bastion of justice in our country. Let us be kind. In his inaugural talk to his people, delivered during the flag-raising ceremony, Bersamin betrayed his small-mindedness. The presidential appointment came at about the same time as when our national leader bad-mouthed the Catholic Church and its leaders in no uncertain terms. Rodrigo Duterte seems to be on a rampage, weakening institutions that help ensure a sense of justice, civility, and of right and wrong among our increasingly confused people. Even Filipino women, regarded worldwide as competent, kind and fine human beings -- from nurses and nannies, doctors to musicians, artists and designers -- are not spared from his insults.
The Supreme Court recognized in the case of Saudi Arabian Airlines v. Court of Appeals (G.R. No. 122191, 8 October 1998, 297 SCRA 469) that “the presence of foreign elements (in transactions) is inevitable, since social and economic affairs of (persons and/or entities) are rarely confined to the geographic limits of their births or conception.” Thus, as an example, persons/corporations from various States may enter into contracts, which contracts may even involve properties located in an entirely different State. In case of breach, it could happen that a party will resort to its own local court to obtain relief, or may go to the courts of another State with a significance or connection to them or to their transaction.
HYUNDAI Asia Resources, Inc.’s (HARI) “Christmas gift” to the Filipino motoring public was a glimpse of what could likely be their immediate future, and the official distributor of Hyundai vehicles in the Philippines couldn’t have done it in a grander way -- through a combined launch held on December 6 at a convention center in Pasay City.
MANILA Electric Co. (Meralco) announced on Monday a P0.0902 per kilowatt-hour (kWh) hike in December’s overall electricity rate to P10.1803/kWh, marking the second straight month of increase, citing a rise in generation charge from power supply contracts.
THE PHILIPPINES’ gross domestic product (GDP) growth may lose 1.1-2.3 percentage points should the 2018 national budget be reenacted for the whole year in 2019, according to estimates which state economic managers submitted to the Senate on Monday.
NOMINATIONS WERE announced on Dec. 13 for the 2019 Golden Globe awards for movies and television. The Golden Globes, organized by the Hollywood Foreign Press Association, will be presented at a gala dinner hosted by Canadian actress Sandra Oh and US comedian Andy Samberg in Beverly Hills, California, on Jan. 6. Following is a list of key film and television nominations.
DAVAO CITY — Damosa Land, Inc. (DLI), the property arm of the Floirendo-owned Anflo Management and Investment Corp. (ANFLOCOR), broke ground over the weekend for its new office building inside the Damosa Information Technology Park here.
AYALA Land Inc. (ALI) has started developing the Habini Bay, a 526-hectare estate within the towns of Alubijid and Laguindingan in Misamis Oriental, which is envisioned to become a “new center of trade and commerce” in the Northern Mindanao region.
SINGAPORE-BASED The Ascott Limited continued to expand in the Philippines with the opening of the third branch of its apartment hotel brand Citadines.