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Expectations of another interest rate hike mount

A FOURTH successive tightening move may be announced by the central bank next month, a global bank said, as it sees inflation topping six percent until September.

Copper’s weakness a worrying signal for global growth

LONDON -- The plunge in the price of copper by more than 20% since the beginning of June has worried analysts who see it as a bad signal for the global economy.

How to make classical music less intimidating

CLASSICAL music is often described as being “high culture,” “elite,” and “unreachable.” For Cultural Center of the Philippines (CCP) president Nick Lizaso — who described himself as a “layman” — these tags should be dropped and everything should be referred to simply as “music.”

The Philippine Philharmonic Orchestra’s 36th season

THE Philippine Philharmonic Orchestra, under maestro Yoshikazu Fukumura, will have eight concerts for its 2018-2019 season — its 36th.

SM Retail ramping up store expansion

SM Retail, Inc. aims to grow the number of stores under its portfolio to 3,000 within the next five years, banking on the increasing spending power of Filipinos alongside the growing economy.

San Miguel may get go signal for TPLEx extension by next...

THE DEPARTMENT of Public Works and Highways (DPWH) said it is looking to give San Miguel Corp. (SMC) by next month the original proponent status (OPS) for its proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx).

Fixed exchange rate ‘dangerous’ for PHL economy, BSP chief says

THE BANGKO SENTRAL ng Pilipinas (BSP) will not opt to set a fixed exchange rate for the peso, with its chief calling it a “dangerous” move for the economy.

Peso to weaken on Fed

THE PESO is seen to weaken against the dollar for the rest of the week as investors expect the minutes of the latest meeting of the US Federal Reserve to support further monetary policy tightening.

More airport dev’t needed after NAIA closure

THE Department of Transportation (DoTr) said the disruption to air travel caused by the airport closure caused by the botched landing of a XiamenAir jet last week highlights the need to develop alternative gateways and upgrade systems at existing airports.

PSA preparing terms for national ID auction process

THE implementing agency for the Philippine Identification System Act said it is preparing the terms to auction the design contract for the infrastructure underlying the national identification (ID) system.

China survives PHL, 82-80

CHINA survived a spirited challenge from the Philippines in their preliminary Group D match at the 18th Asian Games on Tuesday, winning, 82-80, at the Gelora Bung Karno Basketball Hall in Jakarta, Indonesia.

Clarkson gives added dimension to PHL’s Asiad bid

JAKARTA -- Al Panlilio has had his share of challenging moments early in his tenure as president of the Samahang Basketbol ng Pilipinas (SBP).

PDEA flags threat of psychoactive drugs

“NEW PSYCHOACTIVE substances that are not yet covered by the current drug law” are now in circulation in the country, the spokesperson of the Philippine Drug Enforcement Agency (PDEA) said.

House bill filed on coconut farmers’ inclusion in PCA Governing Board

A BILL reconstituting the Governing Board of the Philippine Coconut Authority (PCA) to include more farmer groups has been filed at the House of Representatives (HoR), following the bicameral approval of the coco levy fund early this month.

Our short memories and quiet revolutions

It was just a little over a generation ago when Ninoy Aquino came home to a tragic death at the hands of our own people. Just 35 years ago when hundreds of thousands of us openly marched in the streets for hours, while the dictator still controlled the levers of power, to accompany his body to his resting place, and to demonstrate our heartfelt appreciation of his sacrifice. And three years later, after years of marching in the streets to publicly express our outrage, we finally converged on EDSA to oust the hated dictator Marcos and his family from Malacañang.

Civility in International Relations

States do not act in isolation from other states. As they attempt to achieve political and economic goals, it is foreign policy that keeps them interactive and engaged with regional and international actors. In so doing, some “rules,” both formal and informal, have emerged and developed and eventually became the way toward international relations.

Toyota takes new Vios on a north Luzon loop drive

OUR only concern was that it was the monsoon season, and that heavy rains would render provincial roads impassable. Other than that, we were raring to go on a northern sojourn with the new Toyota Vios on Aug. 8-10.

Limited variant of modern Jeep now on sale in PHL

A THOROUGHLY contemporary interpretation of an iconic mid-20th century vehicle has been in the market since 2015. Last week, one of the model’s 2018 versions was introduced in the Philippines.

ADB approves $300-M PPP loan

THE ASIAN Development Bank (ADB) has approved a $300-million loan for the Philippines, seeking to promote the development of public-private partnership (PPP) projects.

Big firms hard-pressed amid rising interest rates

BIG BUSINESSES in the Philippines could have a hard time coping with rising interest rates, an economic research group said, as this would mean higher costs and a growing debt stock.

Oil firms ordered to submit plans for Euro 2 revival

THE DEPARTMENT of Energy (DoE) has ordered oil companies to submit their implementation programs on its earlier call for them to sell the cheaper but dirtier Euro 2 diesel to ease the rising cost of fuel.

Developers report mixed Q2 results

SEVERAL PROPERTY companies reported mixed performances in the second quarter of 2018, with Rockwell Land Corp. posting strong real estate sales, while others saw a drop in revenues.

How Aretha Franklin made ‘Respect’ a feminist anthem

PARIS — It may be the most rousing feminist anthem ever, but “Respect” — the song that made Aretha Franklin the “Queen of Soul” — was actually written about a man demanding a break from his wife.

Prince’s 1995-2010 albums made available for streaming

LOS ANGELES — The estate of prolific late pop icon Prince made more than 300 songs from his later career available on digital download and streaming services for the first time on Friday.

CPG tops off 5th tower in QC project

CENTURY PROPERTIES Group, Inc. said it has topped off Roxas West, the fifth residential tower at The Residences at Commonwealth in Quezon City.

Burned by China default, yield-hungry Korean funds shift sights towards Qatar

SOUTH KOREA’S yield-hungry investors who were spooked by a Chinese default are shifting their sights to the other end of the continent, to the Middle East.

Avida targets young, single professionals for 2nd Davao project

DAVAO CITY -- Avida Land Corp, the mid-range brand of property giant Ayala Land Inc, (ALI), has launched its second condominium project here, targeting young and single professionals as a major market.

Security Bank’s ratings affirmed

MOODY’S INVESTORS Service has affirmed its investment-grade rating for Security Bank Corp., also maintaining its “stable” outlook.

PCC warns of review if 3rd-player criteria stand

THE Philippine Competition Commission will ask the Department of Information and Communications Technology (DICT) to incorporate the commission’s recommendations in the selection criteria for the telecom industry’s third entrant, the so-called third player.

Rooftop solar could help reduce diesel, coal imports — report

ROOFTOP solar systems have the potential to lower electricity costs to P2.50 per kilowatt-hour (kWh) by displacing imported energy sources and bringing new investment of around P1.5 trillion by 2030, a research firm said.

Liza Maza resigns from Cabinet

NATIONAL ANTI-POVERTY COMMISSION (NAPC) secretary and convenor Liza Maza announced her “irrevocable resignation” in a press conference yesterday.

Palace: Duterte ‘fine and well’

MALACAÑANG ON Monday disputed the claim of exiled communist leader Jose Maria Sison that President Rodrigo R. Duterte had been comatose since Sunday, Aug. 19.

Will they remain astride the tiger?

When Social Welfare Secretary Judy Taguiwalo sent to Congress a position paper opposing an administration proposal to lower the minimum age of criminal liability, Speaker Pantaleon Alvarez said that Cabinet members who do not agree with the President’s policies or directives must resign. He said, “I just reminded the secretaries that they are the alter ego of the President. Now, if they don’t agree with the President, they might as well tender their resignation. Because as Cabinet secretaries, you cannot contradict the views of the President,”

Determining the true costs of war

REBUILDING after disasters and wars can be a tricky business even for seasoned politicians. It can be a source of rents, but it can as easily erode trust among citizens and destroy political careers. When President Rodrigo Duterte promised to rebuild the war-torn city of Marawi in the southern Philippines, “or else he will forever be the bad guy,” he was surely aware of the enormous social and political costs of reneging on his commitment.

PHL banks on speed, shooting in game vs China

JAKARTA -- The Rain or Shine-Pilipinas team was looking for any edge in order to keep up with China in their game at the GBK Basketball Hall today at 4 p.m. (5 p.m. Manila time).

Agatha Wong pads Philippine medal haul with wushu bronze

THE Philippines’ medal haul in the 18th Asian Games in Indonesia was padded early Monday after Agatha Wong added a wushu bronze in the women’s taijiquan and taijijian all-around event at the Jakarta International Expo.

Philippine officials off to Beijing for dev’t funding

A HIGH-LEVEL Philippine delegation will visit Beijing this week to ink bilateral deals on China-funded infrastructure projects, the Department of Finance (DoF) said in a statement over the weekend.

Emerging mart turmoil revives dreaded old OPEC ghost

LONDON -- For more than two decades, the Organization of Petroleum Exporting Countries (OPEC) has tried to avoid repeating a mistake that cost it dearly.

Kuya J to bring back Popeyes to Philippines

KUYA J Holdings Group, Inc. is bringing American fast food chain Popeyes back to the Philippines, years after the fried chicken joint exited the country due to issues with the previous franchise holder.

Oil firms oppose shift to Euro 2 diesel

INDEPENDENT oil companies are opposing the directive of the Energy department to make Euro 2 diesel available at their fuel retail stations, saying the move would require “significant” spending for a problem of the government’s doing.

Tawi-Tawi town gets P20 million from PRDP for seaweed project

DAVAO CITY -- The Philippine Rural Development Project (PRDP) has allocated about P20 million for the development of the marine industry in a town in the island province of Tawi-Tawi.

Platform firms, online marketplaces biggest competition faced by lenders

PLATFORM COMPANIES and online marketplaces are the biggest competition faced by banks, an industry expert from IBM said, noting players need to look beyond banking to keep profits afloat.

Davao designer collaborates with Mindanao’s artisans

DAVAO CITY-based designer first worked with indigenous crafts in 2016, when won the first Stellar Young Designers Competition in 2016, organized by the Davao fashion Design Council (DFDC) and Abreeza Ayala Mall, for gender-bending pieces which featured the embroidery of the T’boli indigenous group.

US seed sellers push for limits on Monsanto, BASF weed killer

CHICAGO -- America’s two biggest independent seed sellers, Beck’s Hybrids and Stine Seed, told Reuters they are pushing US environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG’s Monsanto Co.

Peso likely to strengthen

THE PESO will likely strengthen on Monday, with the dollar seen to depreciate as risk appetite improves following positive developments in the trade relations between the United States and China.