PHILIPPINE MANUFACTURERS in February registered their weakest improvement in operating conditions in six months after the softest rise in new orders in seven, according the latest survey compiled by IHS Markit for Nikkei, Inc.
THE PHILIPPINES has continued to languish near the bottom of an annual survey of mining jurisdictions by Canada-based think-tank Fraser Institute as a negative policy environment is about to mark its seventh year, although Fitch Solutions said in a separate note that it expects an easing of industry restrictions to lead to a slight recovery of nickel — of which the country is a leading global source — starting this year.
STATE ECONOMIC MANAGERS are keeping their 2-4% inflation target until 2022, as the overall increase in prices of widely used goods is expected to moderate further.
THE United States will support the Philippines in any armed attack against its forces in the South China Sea since the Mutual Defense Treaty (MDT) between the two countries covers the disputed waters, US Secretary of State Michael R. Pompeo said on Friday, while raising the importance of human rights as well.
PRESIDENTIAL Spokesperson Salvador S. Panelo on Friday said President Rodrigo R. Duterte doubted the Marcoses had ill-gotten wealth because there were no cases that convicted the late strongman Ferdinand E. Marcos, Sr.
NINE out of 10 adult Filipinos agree that smoking in public places should be prohibited, an advocacy group said, citing a survey last month by Pulse Asia.
THE Department of Justice (DoJ) indicted former health secretary Janette P. Loreto-Garin and 19 others for reckless imprudence resulting in homicide over eight complaints in relation to deaths allegedly linked to the Dengvaxia vaccination.
A MANILA court deferred the arraignment for cyber-libel of online news site Rappler, Inc., its CEO Maria A. Ressa, and former researcher Reynaldo Santos, Jr. while their motion to dismiss the case is still pending.
wp booster error:
td_api_base::mark_used_on_page : a component with the ID: td_180x135 is not set.
A MANILA court denied the motion for reconsideration of six Philippine Coast Guard (PCG) personnel over the October 2018 dismissal of their opposition to the prosecution’s evidence on their homicide case over the killing of a Taiwanese fisherman in 2013.
INCREASED profitability of premier companies in the country best illustrates the “success” of the implementation of the first tax reform package, the Department of Finance said in a statement on Friday.
WITH THE implementation of the law on rice tariffication, the government must adopt a single-window program on importation, said a top official of the office of Sen. Cynthia A. Villar, principal author of the law.
SENATOR Panfilo M. Lacson on Friday claimed that the delay in the transmittal of the P3.757 trillion national budget for 2019 to Malacañang was due to individual projects still being submitted by congressmen to the House of Representatives leadership even after Congress has ratified the measure.
THE Metropolitan Waterworks and Sewerage System (MWSS), which regulates the water industry, said it will audit the financial performance of the country’s two biggest water concessionaires in June and will subsequently repeat the exercise yearly.
PHOENIX Petroleum Philippines, Inc. has signed a memorandum of understanding (MoU) with Philippine National Oil Co. (PNOC) and China’s CNOOC Gas and Power Group Co. Ltd. (CNOOC G&P) to jointly explore opportunities in the liquefied natural gas (LNG) hub project, whose main proponent is Davao City businessman Dennis A. Uy.
MORE Power and Electric Co. (MORE Power) said it will provide lower power rates when it takes over the concession from Iloilo City from the current power distributor, Panay Electric Co. (PECO).
THE Philippine Competition Commission (PCC) said it approved on Thursday Aboitiz Power Corp.’s acquisition of a stake in AA Thermal Inc., as well as a joint venture agreement signed with a Chinese company by the Bases Conversion Development Authority (BCDA) and the National Housing Authority (NHA).
AUTOMOBILE Central Enterprises, Inc. (ACEI), the exclusive distributor of the German car brand Volkswagen, has set a target of 50% sales growth in 2019, banking on its stable of affordable models and an expected recovery in the auto industry.
METROPOLITAN Bank & Trust Co. (Metrobank) said net profit rose 21% in 2018, buoyed by the healthy expansion in loans.
THE peso was flat against the dollar on Friday following stronger-than-expected economic data in the United States, triggering speculation of central bank intervention in the market.
THE PHILIPPINE Stock Exchange index (PSEi) closed on Friday at its lowest level since nearly the start of the year as investors sold heavily amid portfolio adjustment in the face of MSCI rebalancing and after US-North Korea talks in Vietnam this week failed to yield denuclearization progress.
INFLATION likely eased further in February, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, citing chances that the overall increase in prices of widely used goods fell below four percent as rice prices dropped.
THE GOVERNMENT approved more foreign direct investment (FDI) commitments in the country last year, fueled mostly by pledges in 2018’s last three months. Read...
THE GOVERNMENT approved more foreign direct investment (FDI) commitments in the country last year, fueled mostly by pledges in 2018’s last three months.
FOLLOWING his nomination by Malacañang late last year to take the reins at the Department of Information and Communications Technology (DICT), Senator Gregorio B. Honasan II seems uninterested in the post as his appointment lapsed due to his failure to submit required documents.
PHILIPPINE rule of law has remained one of the weakest in East Asia and the Pacific, according to an annual survey of more than a hundred economies that showed the country’s score steadying from last year even as it rose in rank amid a generally negative slide worldwide.
LONDON — Marvel Studios brought its first female-led superhero movie to London on Wednesday, where the stars of Captain Marvel said they hoped to inspire with a different kind of action flick.
IN EARLY February, one of the country’s most prominent film directors — Erik Matti — bemoaned the state of Philippine cinema, saying that despite the “industry being the busiest [it has been] in the past three years” only a handful of movies have achieved box office success. He called his lengthy Facebook post on Feb. 7 a “plea for help” for the government to intervene to save the industry.
LONDON — Squeezing through tiny tunnels into a mummy’s tomb is not something to rattle veteran British explorer Ranulph Fiennes.
SM INVESTMENTS Corp. (SMIC) increased its earnings by 13% in 2018, as the company’s property, banking, and retail units continued to show steady growth.
FIRST the title: Kangkungan — literally, swamp (or water) spinach patch. A highly nutritious green that flourishes in canals and fishponds all over the Philippines, often sautéed with fermented shrimp paste and minced garlic. What’s the significance?
MANILA ELECTRIC Co. (Meralco) is studying the viability of putting up microgrid systems in popular tourist destinations outside its franchise area and replicate the hybrid energy system it is installing on Cagbalete Island in Quezon province.
PARIS — Birdman and 21 Grams director Alejandro Gonzalez Inarritu will head the jury at the 2019 Cannes Film Festival in May, becoming the first Mexican to do so, organizers said on Wednesday.
THE Philippine Competition Commission (PCC) said it has approved a Bangalore-based company’s plan to acquire Philippine personal care manufacturer Splash Corp.
MADRID — Colombian singer Shakira has been called to appear in a Spanish court on June 12 to face accusations of failing to pay €14.5 million ($16.5 million) in tax, the court in the Catalonia region said on Tuesday.
PHOENIX Petroleum Philippines, Inc. has tapped foreign financial institutions to arrange a series of fixed income investor meetings in Manila, Hong Kong and Singapore, possibly resulting in the issuance of dollar-denominated debt instruments.
THE National Wages and Productivity Commission (NWPC) called on bus companies to submit their schemes to offer partial fixed compensation of at least minimum wage for bus drivers and conductors, in line with the revised guidelines.
MONEY SUPPLY growth eased in January to post the slowest pace in over six years, matching a softer pickup in bank loans, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
CHICAGO — Grammy-winning R&B star R. Kelly pleaded not guilty on Monday to charges that he sexually assaulted three teenage girls and a woman in alleged incidents dating back to 1998, weeks after a television documentary leveled new accusations against him.
SECURITY BANK Corp. logged a lower net income in 2018, dragged by a decrease in trading gains and higher provisions for income tax.
NEW YORK -- JPMorgan Chase & Co on Wednesday named half a dozen people to a commercial banking team in Europe and new international and Asia-Pacific regional leaders, as the U.S. bank closes in on business clients it hopes to poach from rivals abroad.
GERMAN pharmaceutical company Stada Pharmaceuticals, Inc. officially launched in the Philippines, offering high quality generic and branded medicine.
JAKARTA — Indonesia’s most populous province has set restrictions on when certain English-language songs can be aired on television and radio, citing concerns over “vulgar” and “negative” lyrics.
BEIJING -- Ford Motor Co’s joint venture with China Changan Automobile Group has decided not to renew its contract with some agencies supplying it with workers, as carmakers struggle to cope with slumping sales in China.
ARTHALAND Corp. launched on Thursday its latest green office building, the Savya Financial Center, in Taguig.
CHINA BANKING Corp. booked higher net income in 2018 propelled by the sustained growth of its core businesses.
12Page 1 of 2