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The average annual pay of a chief executive officer (CEO) in the Philippines is P2,200,000. This is in stark contrast to the annual income of around P169,000 that a minimum wage earner in Metro Manila lives on. Globally, companies with the largest CEO-worker pay gaps include Disney at 367:1 and 21st Century Fox at 311:1. On a more positive light, new data reveal that the 20 companies with the lowest CEO-worker pay gaps include Facebook (CEO Mark Zuckerberg) at 37:1 and, topping the list, Berkshire Hathaway (CEO Warren Buffett) at 2:1.
With the exception of clean drinking water, it has been proven that vaccines are the most effective means of reducing and preventing contagious diseases, preventing an estimated 2.5 million deaths each year. Among the deaths prevented are those that may come as a result of diphtheria, tetanus, and pertussis that also afflict children.
IT’S that time of the year where 24 of the brightest NBA stars converge in one arena and put on a show for fans all over the world. The mid-season classic of the NBA, the 2019 All-Star Weekend, will be held in Charlotte this Feb. 16-18 (Manila Time) and Solar Entertainment’s -- Basketball TV & NBA Premium TV -- guarantees that you never miss the action.
A PHILIPPINE court has convicted Mexican Horacio Hernandez Herrera, an alleged member of the notorious Sinaloa drug cartel, for the sale of illegal drugs in 2015.
CAPITAL FORMATION will likely hit a snag this year amid higher interest rates and delays in infrastructure projects, which in turn will pull growth below the state’s 7-8% goal.
THREE MAJOR shipbuilders have signaled interest in the rehabilitation of Hanjin Heavy Industries and Construction Philippines, Inc. by asking for meetings on the matter.
MOSCOW — Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank.
SINGAPORE’s Agriculture and Veterinary Agency (AVA) has begun its 10-day on-site inspection of farms in the Philippines which it might tap to supply the small island republic with vegetables, fruit, hogs, poultry and eggs, agriculture officials said.
THE Department of Finance (DOF) said it expects the country’s Index of Economic Freedom (IEF) performance to improve next year with the implementation of fiscal reforms elevating the Philippine score in various sub-indices.
The late controversial politician Ernie Maceda seems to have been right. Any publicity, favorable or unfavorable is good for politicians. The list of leading senatorial candidates in the latest polls affirms this sad reality. Several notorious candidates are ahead of the “good guys.” Ex-detainees on plunder charges Jinggoy Estrada and Bong Revilla are in the likely to win top 12. So, it seems, will Bato dela Rosa of the drug suspect killing sprees. Meanwhile, serious legislators like Bam Aquino and even JV Ejercito are barely making it And Erin Tañada and Gary Alejano are dangling down there. Even Lito Lapid who, last I heard, had not passed a single legislation in all his forgettable senate days is up there among the topnotchers.
How does one win in a senatorial election where 63 candidates are fighting over 12 seats? The advertising geniuses at the watering holes in Makati insist that name recognition is vital. But the harsh reality may be that money, which is also known as “the root of all evil,” is the foundation of Philippine elections. No money. No votes.
IN LINE with its push to do its share in the development of the growing Esports scene in the country, Globe Telecom stepped things up by assembling a professional Esports team.
FIVE DAYS before the first leg of the Chooks-to-Go Pilipinas 3x3 President’s Cup opens its doors, all 12 pioneering teams joined hands to celebrate the staging of the first-of-the-kind league.
IT made its world debut in September 2017 as a 2018 model, and now, this fourth version of the Audi RS 4 Avant is available in the Philippines. Avant is Audi-speak for its wagon variants while RS designates the high-performance renditions of Audi models. The RS 4 identifies the model generations of the Audi A4 -- including a sedan and a cabriolet -- which were given the high-performance treatment.
A PAMPANGA COURT granted a petition of a police officer who is a state witness in the October 2016 kidnap and murder of South Korean businessman Jee Ick-joo to be released from the restrictive custody of the Philippine National Police (PNP) Anti-Kidnapping Group.
THE BOARD of Investments (BoI) -- the government’s lead investment promotion agency -- kick-started 2019 with nearly double January 2018’s approved committed investments in terms of value, as it targets these pledges to pierce the trillion-peso mark this year.
LONDON — Costume romp The Favourite was the biggest winner at the BAFTAs on Sunday, taking seven awards, but Netflix black and white film Roma picked up the Best Film prize, as well as Director, at Britain’s top movie honors.
UNITS of Bloomberry Resorts Corp. have signed a P40-billion loan agreement with several banks to finance the company’s integrated resort and casino project in Quezon City.
NAGOYA — Gokongwei-led Cebu Pacific is looking at launching a direct flight to Japan from Clark, as well as expanding routes from Cebu to address the slot shortage in the Ninoy Aquino International Airport (NAIA).
LOS ANGELES — Country artist Kacey Musgraves won album of the year for Golden Hour, while “This is America” by Childish Gambino won both record and song of the year at the 61st Grammy Awards on Sunday in a breakthrough for rap at the most prestigious honors in the music business.
ROBINSONS Land Corp. (RLC) ended 2018 by opening its 51st mall -- the 80,000 square meter Robinsons Place Valencia in Valencia City, Bukidnon, a second-class city with a population of more than 20,000 people.
AT a time when conventions and events are increasingly being held in the financial districts of Makati and Bonifacio Global City (BGC), this year’s Anthology Architecture and Design Festival is holding its ground in Manila’s walled city, where a group of architects hope to highlight the origins of the country’s cosmopolitan development.
JAPAN will provide additional support to the Mindanao peace process, especially for activities involving the implementation of the Bangsamoro Organic Law.
The Corporation Code contains its own set of “corporate governance (CG) principles,” which can be summarized into the following general statements:
The two major issues confronting Southeast Asia today are (a) the dispute between and among claimant states for the control of resources in the South China Sea and (b) the rising threat of armed extremist groups. These two issues are the major stimulus for the military buildup happening in the region today.
DEFENDING Philippine Superliga Grand Prix champions Petron Blaze Spikers begin their title defense on Saturday, in a tournament they view as not going to be easy with a very competitive field.
THE UNITED STATES has committed over P300 million in “intelligence support” to the Philippines, Malacañang announced on Monday.
THE DEPARTMENT of Justice (DoJ) on Thursday allowed former Bureau of Customs (BoC) chief and now Technical Education and Skills Development Authority (TESDA) Director-General Isidro S. Lapeña to submit on Feb. 21 his counter-affidavit to the complaint against him in connection with the shabu kept in magnetic lifters that slipped past the BoC during his watch in 2018.
THE SENATE Ways and Means committee will submit for plenary action a measure to raise the excise tax on tobacco products when Congress resumes session in May, even if there will be little time left by then to ensure enactment.