THE COUNTRY’s current account deficit ballooned in 2018 to exceed an official full-year forecast, fueled by a wider merchandise trade gap, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
MONEY SENT HOME by Filipinos working abroad grew at the fastest clip in three months as this year began, even as the latest amount was less than December’s record-high inflows, according to data the central bank released on Friday.
THE Securities and Exchange Commission (SEC) has released on Friday draft guidelines listing documentary requirements for putting up a one-person corporation (OPC) and providing how ordinary stock corporations can be converted into OPCs.
EXTRAJUDICIAL killings (EJKs) remain the “chief human rights concern” in the Philippines, the US State Department said in its 2018 Country Reports on Human Rights Practices.
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FILIPINOS show varying levels of concern about drought, according to a 2017 study by the Harvard Humanitarian Initiative (HHI) DisasterNet Philippines.
THE Philippine Coalition for the International Criminal Court (PCICC) urged the Supreme Court to resolve the petitions against the country’s withdrawal from the ICC, which will take effect on Sunday, March 17.
THE Department of Health (DoH) said dengue cases from January to March 2, 2019 increased drastically compared to the same period last year and reminded the public to help prevent the illness.
By Charmaine A. Tadalan, Reporter PRESIDENT Rodrigo R. Duterte has vetoed the bill strengthening the Office of the Solicitor-General, citing benefits granted therein may be...
THE Department of Budget and Management (DBM) has recommended that President Rodrigo R. Duterte amend an executive order (EO) increasing government workers’ salaries, amid the 2019 national budget impasse.
CARGO left unclaimed at port terminals beyond 30 days will be transferred to the port operators’ inland container yards at the expense of the consignees beginning Sunday.
THE Metropolitan Waterworks and Sewerage System (MWSS) has not yet submitted complete documentation for its Environmental Compliance Certificate (ECC) application covering the proposed Kaliwa Dam, which means the project cannot move forward, the environment department said.
PRESIDENT Rodrigo R. Duterte has directed the Metropolitan Waterworks and Sewerage System (MWSS) to order Metro Manila’s two water concessionaire to tap more water from Angat Dam on Friday.
DOUBLEDRAGON Properties Corp. said on Friday that its hotel subsidiary has obtained a pre-selling license for a project in Ecoland, Matina, Davao City.
DAVAO CITY — Listed independent oil firm Phoenix Petroleum Philippines, Inc. is assessing various locations proposed by potential dealers as part of its expansion program this year, a top company official said yesterday.
INTERNATIONAL Container Terminal Services Inc (ICTSI) said it is certain it will ultimately take over a container terminal at Port Sudan on the Red Sea despite a strike called by employees to protest the transfer of management control.
SCHNEIDER Electric (Philippines) Inc., a maker of energy management equipment, said revenue grew 14% in 2018 due to increased output of uninterruptible power supply (UPS) devices.
PRESIDENT Rodrigo R. Duterte has signed into law the bills extending for another 25 years the telecommunication franchise granted to Philippine Communications Satellite Corp. (PhilComSat) and the broadcast franchise granted to the University of Mindanao Broadcasting Network and UM Network.
LOCAL STOCKS rose Friday — and for the second week in a row — on the back of portfolio adjustments in the face of Financial Times Stock Exchange (FTSE) rebalancing and as uncertainty over a United States-China trade deal and Brexit drove funds towards major Asian markets.
THE peso declined further against the dollar on Friday, following reports of delays in a meeting between US President Donald J. Trump and Chinese President Xi Jinping.
In the Philippines, prostate cancer lags slightly behind lung cancer as the leading cause of death by cancer among men. Prostate cancer seems to...
Manzi Xue, one of the best angel investors in China, was once the founder of a well-known listed enterprise and also an investor of...
In celebrating the 82nd year of its cityhood, Davao City marks another year of progress and development. From a simple village composed of various...
Sprawled beautifully on the southern Philippine island of Mindanao, Davao City prides itself for having a wealth of picturesque sceneries, a variety of natural...
Serving as the center of commerce, trade, tourism, and finance in the Southern Philippines, the city of Davao positions itself as one of the country's...
By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte on Thursday finally made public the third batch of his narco-list, saying the "drug personalities" in...
By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte has signed a law that grants amnesty to those who simulated birth records and allows rectification...
SLOWING growth of remittances from Filipinos abroad is not likely to cause a significant dent in overall economic expansion, although it will make the peso “more vulnerable to sudden shifts in global risk appetite” through a widening current account deficit, Capital Economics said in a March 14 note.
SALES of imported automobiles increased by 12% year-on-year in February, although year-to-date sales still dropped, according to data released on Thursday by the Association of Vehicle Importers and Distributors, Inc. (AVID).
FOREIGN portfolio investments -- referred to also as “hot money” for the ease by which these funds enter and leave the economy at the slightest stimulus -- turned around in February from a year ago on the back of sustained “investor optimism” even as they were more than halved from January, according to latest data which the Bangko Sentral ng Pilipinas (BSP) released on Thursday.
LONDON -- The world economy may be the rockiest it’s been since the financial crisis, yet there are reasons to expect the current slowdown will prove short-lived.
DIVERSIFIED conglomerate San Miguel Corp. (SMC) recorded flat earnings growth in 2018, mainly due to lower crude prices for its fuel business that was further dragged down by forex losses.
MEGAWORLD CORP. has partnered with the Bases Conversion and Development Authority (BCDA) for the property management of the 160-hectare Bonifacio Capital District (BCD) in Taguig City.
THE health care unit of Ayala Corp. (AC) plans to subscribe to more shares in the Generika group of companies to fund the pharmacy’s expansion.
SEOUL — South Korea police were due to question two K-pop stars on Thursday over allegations of sex tapes, secret chat about rape, and deals facilitated by prostitutes, in a sex scandal that has rocked South Korea’s music world and hit entertainment stocks.
THIRD telecommunications player Mislatel consortium is still hopeful it will begin commercial operations by late-2020 despite not receiving its frequencies and certificate of public convenience and necessity (CPCN) as scheduled from the government.
FILMS backed by disgraced movie mogul Harvey Weinstein, from The King’s Speech to Inglourious Basterds, have found a new home.
CEBU PACIFIC is considering opening new routes to Australia as the budget carrier saw rising demand for its Manila flights to Sydney and Melbourne last year.
THE PHILIPPINES and Korea mark 70 years of diplomatic relations this year and last week celebrated the milestone through a one-of-a-kind “friendship concert.”
THE joint venture company of Century Properties Group, Inc. (CPG) and Japan’s Mitsubishi Corporation is launching this month a new affordable housing community in San Pablo, Laguna.
GENTLE sun-dappled rainfall is the benign form water takes for the child Maya (Elia Ilano) who lost her parents in a storm at sea. In Filipino folklore, this odd synchronicity of sunshine and rain is whimsically believed to happen during the weddings of tikbalang, those horse-headed creatures of our lower mythology who like to lead wayfarers astray. Do take note of the lovely cinematography and the thoughtful production design of this beautifully photographed film.
MANILA WATER Co., Inc. has formed a technical working group to look into the viability of partnering with port and casino magnate Enrique K. Razon, Jr. on the Wawa dam project to augment the water source of Metro Manila’s east zone concessionaire.
It isn’t as if the life of Vincent Van Gogh hasn’t been adapted for the big screen before. Lust for Life was Vincente Minnelli’s lustily melodramatic take (based on Irving Stone’s novel), with Kirk Douglas holding little back as he strained to suggest Vincent’s intensity; Robert Altman’s Vincent and Theo focused on the relationship between the Van Gogh brothers and their destructively parallel course; Maurice Pialat’s Van Gogh — easily the most unsentimental of the group — presents a harsh, uningratiating view of a harsh, uningratiating artist, avoiding the traditional highlights (including that ear thing) and focusing on more quotidian activities — Pialat doesn’t even make much effort to show the paintings, or approximate Vincent’s unmistakable style onscreen.
EASTERN Petroleum Corp. targets to corner a 5% share of the market for liquefied petroleum gas (LPG) in the next three years as it plans to put up more company-owned outlets that will focus on densely populated markets.
THE Department of Information and Communications Technology (DICT) said it may temporarily stop signing new deals with common tower providers after it inked the 15th memorandum of understanding (MoU) on Thursday.
ONLINE HIRING activity in the Philippines rose slightly during the fourth quarter of 2018, online job recruitment site Monster.com said.
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