THE Bangko Sentral ng Pilipinas (BSP) said it estimates that the balance of payments in May continued to reflect a surplus, of about $3.7 billion, continuing the turnaround from a deficit of $3.5 billion as recently as November.
REGIONAL inequality in the Philippines eased in 2018 compared to 2016 and 2017, the Department of Finance (DoF) said in an economic bulletin on Friday, citing lower measures of variability in regional domestic product.
THE Department of Trade and Industry (DTI) encouraged Cebu-based businesses to file complaints and report on corrupt practices they encounter in government transactions.
GLOBE TELECOM, Inc. is calling for the easing of restrictions on building passive telecommunications infrastructure such as cell sites, claiming that easier rules would aid network operators in operating more efficiently by reducing power consumption.
THE Department of Agriculture (DA) said it will tap a Quick Reaction Fund (QRF) to buy 20 X-ray machines to be deployed in various ports to guard against the entry of pork from African Swine Fever (ASF)-affected countries.
THE Bureau of Customs (BoC) said its Account Management Office (AMO) is hoping to simplify the accreditation process for brokers and other entites that routinely deal with the bureau by decentralizing approvals.
CHINESE Ambassador Zhao Jianhua said China is “thoroughly and seriously” investigating the collision between a Chinese vessel and a Filipino boat on June 9.
WITH 11 of the 12 senators who won in the 2019 midterm elections having submitted their reports on campaign expenses and contributions before the June 13 deadline, the top spender turned out to be former presidential special assistant Christopher Lawrence “Bong” T. Go who spent over P161 million on his campaign.
THE Department of Justice (DoJ) indicted an officer of WellMed Dialysis and Laboratory Center Corp. and the two whistleblowers for several counts of estafa through falsification of data in connection with the “ghost” dialysis claims which were paid by the Philippine Health Insurance Corp. (PhilHealth).
THE Department of Justice has issued an Immigration Lookout Bulletin Order (ILBO) against 16 officers and incorporators of KAPA-Community Ministry International Inc., and three officers of Alabel-Maasim Credit Cooperative (ALAMCCo).
THE Food and Drug Administration (FDA) has ordered Shopee Philippines and Lazada Philippines to stop selling medicines online, after it had warned the public regarding the purchase of health products over the internet earlier this week.
THE Sandiganbayan on Friday dismissed Janet Lim-Napoles and former Senator Jose “Jinggoy” P. Ejercito Estrada’s pleas to dismiss their plunder case, stating that the evidence presented by the prosecution could lead to their conviction.
THE Philippine Drug Enforcement Agency (PDEA) denied reports that some P74 million in domestic travel expenses were insufficiently documented after the Commission on Audit (CoA) flagged the agency.
DEPARTMENT of Health (DoH) Secretary Francisco H. Duque III denied claims made by Senator Panfilo M. Lacson that he was involved in the misuse of government funds during his term as PhilHealth president, saying that these were resolved in his favor years ago.
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THE Commission on Human Rights (CHR) expressed concern over lawmakers’ freezing of ABS-CBN franchise bill, saying that it “could signal a bleaker state of press freedom in the country.”
MALACANANG on Friday announced a special non-working day on June 15 in Angeles City in Pampanga, in “remembrance of the ruinous volcanic eruption of Mount Pinatubo” 28 years ago.
NEW telecommunications player Mislatel consortium — made up of Chelsea Logistics and Infrastructure Holdings Corp., China Telecommunications Corp., and Udenna Corp. — said it completed the signing of the share-purchase agreement with franchise holder Mindanao Islamic Telephone Company, Inc. (Mislatel), as it moves forward in securing government requirements to receive its permit to operate and frequencies.
TRAVELLERS International Hotel Group, Inc. (TIHGI), the owner and operator of Resorts World Manila (RWM), expects double-digit growth in gross gaming revenues (GGR) as reopens the second floor of its casino area in July, two years after a gunman shot up the casino and started a fire that killed 36 people.
QUEZON City Mayor-elect and outgoing Vice-Mayor Maria Josefina G. Belmonte said the city ordinance which will regulate gaming firms and require city residents to pay entrance fees to casinos may be implemented in her term as mayor.
TO HELP strengthen the banking industry’s resilience to cyber attacks, the Bangko Sentral ng Pilipinas (BSP) has ordered BSP-supervised financial institutions (BSFIs) to participate in a cybersecurity sharing platform hosted by the Bankers Association of the Philippines (BAP).
THE PESO declined against the dollar on Friday, dragged by geopolitical tensions between the United States and Iran.
LOCAL equities finished Friday in negative territory as investors took caution over the geopolitical tensions at home and abroad, particularly the continued worries over the US-China trade tensions and the attack on two oil tankers in the Middle East that was seen as a cause for the increase in oil prices.
ArthaLand is making its mark as the Philippines’ foremost developer of green office buildings. It all started last year with the opening of the...
TAGAYTAY CITY — Flying Dutch Jeroen Meijers of Taiyuan Miogee Team bested all comers including top locals El Joshua Carino and Ronald Oranza in claiming Stage One victory on Friday in the 10th Le Tour de Filipinas that started and finished at the Praying Hands Monument here.
BANK EXECUTIVES expect the industry to remain stable over the next two years due to strong economic growth prospects, with most lenders saying they will use financial technology to boost their operations.
THE Department of Transportation (DoTr) said local airlines have agreed to operate flights that utilize turboprop planes at the Danilo Atienza (Sangley) Air Base, as the government prepares to open the airport for more flights before the year ends.
THE GOVERNMENT is looking to issue its planned Marawi bonds to help fund large-scale infrastructure projects covered by the second phase of the rehabilitation plan for the city, the Finance department said in a statement on Thursday.
SINGAPORE/HOUSTON -- World oil markets have undergone a U-turn, switching from supply-side risks like OPEC’s production cuts or US sanctions against producers Iran and Venezuela, analysts said, to concerns of slowing consumption amid fears of a global recession.
FRANKLIN Delano Roosevelt is believed to have said: “Courage is not the absence of fear, but rather the assessment that something else is more important than fear.”
TAIPEI — Taiwanese power supply firm AcBel Polytech, Inc. is set to expand not just its manufacturing facility in Taiwan, but also its factory in Laguna, Philippines, which is expected to be completed within the first half of 2020.
LISTED Transpacific Broadband Group International, Inc. (TBGI) said it is working with a China state-owned firm for the roll out of common towers for mobile network operators in the country.
LOS ANGELES — Several big-name musicians voiced dismay on Wednesday that some of their recordings may have been among thousands of original masters that The New York Times Magazine reported were lost in the Universal Studios Hollywood backlot fire of 2008.
THE Department of Labor and Employment (DoLE) said it is exploring measures to raise the salaries of nurses to address local shortages ahead of the implementation of the Universal Health care (UHC) Law.
OLDER PEOPLE trying fit in with millennials and eventually finding love with each other is the crux of the story of Rechie del Carmen’s comedy Feelennial which opens on June 19 in cinemas nationwide.
ANGKAS (DBDOYC, Inc.) is targeting to start the six-month pilot run of motorcycle taxis before the end of June, as the Department of Transportation (DoTr) tapped the ride-hailing firm to work with the government in studying the public transport alternative.
BIDS FOR term deposits dropped on Thursday as the central bank placed a lower volume on offer two weeks ahead of the second round of cuts to banks’ reserve requirement ratio (RRR).
DAVAO CITY -- Officials of the Southern Philippines Medical Center (SPMC), the biggest government hospital in Mindanao, said hospitals and hemodialysis (HD) centers in Davao City are facing a “brain drain” of nurses amid the rising number of patients with kidney-related diseases.
SY-LED Philippine Urban Living Solutions, Inc. (PULS) plans to have over 4,800 beds under its portfolio by 2020, as it looks to provide housing solutions to young professionals in the metro.
LAMBERTO AVELLANA’s Lapu-Lapu (1955) is about as straightforward a biopic as you can get about the famed Mactan warrior, other than the fact that this was adapted from Francisco Coching’s highly romanticized (to put it mildly) komiks (comics) serial.
LONDON — If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the export-reliant bloc’s economy.
AMAZON Web Services (AWS), a unit of Amazon.com, said it has started to offer a second year of cloud technology training sessions for higher educational institutions, expanding beyond Metro Manila to include participants in other parts of Luzon as well as Cebu and Davao.
A SUBSIDIARY of listed firm Harbor Star Shipping Services, Inc. said it signed a deal with a Malaysian wholesaler to provide it with harbor tug services.
THE 1960s-era singer and comedian Steve Lawrence, seen here with his wife and performing partner Edyie Gorme in 2000, said on Tuesday he has been diagnosed with Alzheimer’s disease.
LONDON — When Bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it’s entering the establishment its creators sought to subvert.
CONSUMER GOODS group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.
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