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US Midwest floods to weigh on demand for diesel during fall...

PUTNAM COUNTY, ILLINOIS -- A disappointing planting season due to massive flooding in the US Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said.

Roberto Coin’s pretty and ethical jewelry

THE PIECES by renowned jewelry designer Roberto Coin -- who went into design after a successful stint as an entrepreneur in the hospitality industry -- are undoubtedly pretty, but are they smart, and as a bonus, even kind? That could be argued; and you’re welcome to ask some of his clients, a very long list that includes Oprah, Hillary Clinton, and Michelle Obama.

The last three years

As we enter the last half of Rodrigo Duterte’s term, economic policy-makers and policy-influencers look at the prospects of what reforms can still be done.

Collision, allision; collusion, coalition

“It was not a collision, but an ‘allision’,” Foreign Affairs Secretary Teodoro Locsin told Karen Davila on her morning talk show, Headstart, on July 3. And to his TV audience, he challenged, “I bet nobody knows that word but me.”

Philippines may exit from UN Rights Council

THE Philippines is considering withdrawing from the United Nations Human Rights Council after it approved a resolution to investigate President Rodrigo R. Duterte’s war on drugs, according to Foreign Affairs Secretary Teodoro L. Locsin, Jr.

Audit body cites BFAR for lack of insurance

NATIONAL auditors have called out the Bureau of Fisheries and Aquatic Resources (BFAR) and nine of its offices for failing to insure P1.05 billion of it properties.

Wait goes on for Williams as Halep wins Wimbledon

LONDON -- Serena Williams remained tantalisingly one short of a record-equalling 24 Grand Slam singles titles as Simona Halep thrashed the off-key American in a one-sided Wimbledon final on Saturday.

Busmen ground Airmen; Kaya FC bounces back

DEFENDING champion Ceres-Negros FC continued to flex its muscles in the Philippines Football League just as Kaya FC-Iloilo bounced back in league action on Saturday.

Nation should assert South China Sea rights — SWS poll

MAJORITY of Filipinos think that the Philippines should assert its right to disputed islets in the South China Sea and arrest Chinese fishermen who destroy marine resources in the area, according to a poll by the Social Weather Stations (SWS).

Ex-solon refuses to enter plea in graft case

FORMER Camarines Sur Rep. Rolando G. Andaya, Jr. on Friday declined to enter his plea in a P900 million corruption case at the Sandiganbayan.

Customs on track to raise P10 billion from rice tariffa

THE Bureau of Customs (BoC) said that it is on track to achieve the P10 billion revenue target for rice import tariffs to fund the Rice Competitiveness Enhancement Fund (RCEF), after more liberalized rice imports started in March.

Rice inventory rises 10.1% in early June

THE national rice inventory was estimated at 2.598 million metric tons (MMT) on June 1, up 10.1% from a year earlier, but fell 11.8% month-on-month, the Philippine Statistics Authority (PSA) said.

Apo Agua on schedule to complete Davao water project by 2021

DAVAO CITY — Apo Agua Infrastructura Inc., a joint venture between Aboitiz Equity Ventures, Inc. and JV Angeles Construction Corp., is on track to complete the P12.6-billion bulk water supply project for Davao City by the first half of 2021.

PNOC signs exploration agreement with Israel’s Ratio Petroleum

PHILIPPINE National Oil Co. (PNOC) and Israel’s Ratio Petroleum Ltd. signed a memorandum of understanding (MoU) to “seek to establish cooperation” for the exploration and development of oil and gas resources in the Philippines, the Energy department said Friday.

Caritas to appeal IC stop order

CARITAS Health Shield said it would appeal an Insurance Commission (IC) order that stopped it from selling new products and adding clients for alleged fraud.

Automobile sales recover in June, first semester

CAR SALES recovered to post year-on-year increases both in June and last semester, according to data jointly released to media on Thursday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

Departments, agencies consolidate rules governing foreign workers

FIVE DEPARTMENTS and four agencies have moved “to harmonize the regulations and policy guidelines governing the issuance of... documents to foreign nationals intending to work in the Philippines” that are currently provided under various laws.

Ang Babae sa Septic Tank 3 is now a streaming series

THE satirical comedy, Ang Babae sa Septic Tank, is back for a third installment. This time the cult favorite tackles the issue of historical revisionism, with comic Eugene Domingo playing herself as a director and main actress in a Josephine Bracken biopic.

China is stifling its own movie business

AS TRADE tariffs and tweets by President Donald Trump hammer some of China’s biggest companies, the country’s movie business is taking a hit — from its own government.

Holcim Philippines completes expansion of facility in Davao City

HOLCIM Philippines, Inc. on Thursday said it has completed the expansion of its plant in Davao City, which is expected to boost production capacity.

Globe taps Israeli satellite networking firm

GLOBE Telecom, Inc. inked a new partnership with an Israel-based satellite networking firm for the provision of WiFi services in schools and hospitals across the country.

Workers at Chilean Walmart retailers strike over wages

SANTIAGO -- As many as 17,000 workers at Walmart’s largest union in Chile walked off the job early Wednesday morning, demanding better salaries after negotiations over a new labor contract broke down earlier this week, the union’s president said.

Lockheed Martin to keep Pennsylvania helicopter plant open at Trump’s request

LOCKHEED MARTIN CORP has decided to keep the Sikorsky helicopter plant in Coatesville, Pennsylvania, open after US President Donald Trump pressed its chief executive to continue operations, the company said on Twitter on Wednesday.

Insurance Commission chief tapped to chair Asian Re

INSURANCE COMMISSIONER Dennis B. Funa was elected as chairman of Asian Reinsurance Corp. (Asian Re), the Insurance Commission (IC) said.

NFA palay procurement tops 5.4M bags in first half

THE procurement of palay, or unmilled rice, amounted to more than 5.4 million bags in the first half, exceeding the target by 16%, the National Food Authority said in a statement, as the agency concluded its first half-year focused only on domestic rice procurement.

South Korea free trade talks seen completed by Sept., signing by...

NEGOTIATIONS for a Free Trade Agreement (FTA) with South Korea are expected to finish by September in time for possible signing in November, according to Trade Secretary Ramon M. Lopez.

China’s many lawyers

Vividly and fondly remembered is former Supreme Court Justice Florentino Feliciano who, years ago, long after he stepped down from the World Trade Organization’s Appellate Body, met with some government trade officials regarding alleged Philippine discriminatory treatment of some imported goods. A lady official pontificated about the “unfortunate” Philippine “discrimination.”

Is divorce an equalizer?

For three decades, there have been attempts to pass the divorce bill in Congress. It has provoked waves of arguments and nothing happened.

Peso up on Powell speech

THE PESO recovered sharply against the dollar on Thursday on the back of dovish remarks from US Federal Reserve chair Jerome Powell.

Audit agency flags PCSO transactions

NATIONAL auditors have flagged P2 billion of audit suspensions and so-called disallowances that the Philippine Charity Sweepstakes Office (PCSO) has failed to settle.

Angat Dam breaches critical water level

ANGAT DAM again breached its 160-meter critical water on Thursday in the absence of significant rainfall in the area.

San Beda, Lyceum go for back-to-back victories

OPENING-DAY victors San Beda Red Lions and Lyceum Pirates go for back-to-back wins in Season 95 of the National Collegiate Athletic Association when they take on separate opponents today at the FilOil Flying V Arena in San Juan City.

PFL: Ceres-Negros FC gets better of Kaya FC-Iloilo in battle of...

CERES-NEGROS FC got the better of Kaya FC-Iloilo in their first encounter in Season 3 of the Philippines Football League on Wednesday at the Philippine Football Federation National Training Center in Carmona, Cavite.

FDI net inflows drop for second consecutive month in April —...

FOREIGN direct investment (FDI) inflows fell year-on-year on a net basis for the second straight month in April -- which nevertheless posted the biggest net inflow in nearly a year -- due to a significant cut in equity inflows that offset increases in reinvested earnings and intercompany lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

BoI OK’s 27% more investment pledges

THE BOARD of Investments (BoI) approved 27.4% more committed investments last semester from a year ago, fueled especially by power projects, the agency said in a press release on Wednesday.

SMPC seeks lifting of cease order on coal trading

SEMIRARA Mining and Power Corp. (SMPC) said on Wednesday that it is in talks with the Energy department for the lifting of the cease and desist order on its coal trading activities after issues arose when a buyer failed to produce the required accreditation.

Developer Ortigas sets P12-billion capex

ORTIGAS & Co. is allocating around P12 billion for capital expenditures (capex) this year, the bulk of which will be used for the development of a new mixed-use project in Ortigas Center.

From Hong Kong to Macau and back

HONG KONG has always been a popular vacation destination among Filipinos. Shopping districts, food hubs, the Victoria Harbour, and Disneyland are some of the destinations that come to mind.

Spotify unveils ‘Lite’ app for slower phones in emerging markets

SPOTIFY Technology SA released a new version of its music streaming app for customers in emerging markets, an effort to grow outside of its strongholds in the US and Europe.

IC issues cease and desist order vs Caritas Health

THE INSURANCE Commission (IC) issued a cease and desist order against health maintenance organization (HMO) Caritas Health Shield, Inc. due to alleged fraudulent card swiping and misrepresentation of sales agents.

Waymo tests Wi-Fi in driverless taxis hoping perks can route it...

SAN FRANCISCO -- Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.

No frills, just the important things

WITH THE opening of Seda Hotel BGC’s second tower comes the reimagining of its signature buffet restaurant, Misto.

China Bank sees loan growth easing slightly

CHINA BANKING Corp. (China Bank) expects its loan growth to ease slightly this year due to base effects following inflation’s surge in 2018.

Manila cleanup to boost city’s status as Southeast Asian ‘shopping paradise’...

THE Department of Tourism (DoT) said Wednesday that the street cleanup and crackdown on illegal vendors in the city of Manila, initiated by Mayor Francisco Moreno Domagoso, is expected to boost the city’s status as a “shopping paradise” for Southeast Asian visitors.

DoT touts parts of Mindanao considered safe for tourism

THE Department of Tourism (DoT) said Wednesday it is working to reverse the public perception of Mindanao as a place to be avoided, after President Rodrigo R. Duterte called his home island “lawless” and “violent” last month.