LOCAL shares ended the week in the green, despite the United States’ fresh threats to impose more tariffs on Chinese goods.
THE Philippines raised ¥92 billion ($860 million or P44.3 billion) from the sale of ”samurai” bonds across four tenors, amid strong demand from investors.
JUSTICE Secretary Menardo I. Guevarra said that the National Bureau of Investigation will be investigating retired military and police generals who own small town lottery (STL) franchises after allegations were made that they had not been remitting the government’s share of the earnings.
DEFENSE SECRETARY Delfin N. Lorenzana said martial law in Negros Oriental province should not be declared until the recommendations of security officials on the ground and local government executives have been fully assessed.
THE Ramon Magsaysay Award Foundation on Friday announced its 2019 awardees, which include National Artist for Music Raymundo “Ryan” P. Cayabyab.
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THE Philippine and Indonesian governments have agreed to implement the deal which delineates the boundary between the overlapping exclusive economic zones (EEZ) of the two countries.
THE Commission on Audit (COA) has rebuked Government Service Insurance System (GSIS) officials for procuring “unnecessary and irregular” Oseltamivir capsules worth P25.13 million in 2006, saying that procurement of medicine is not in the GSIS’ purview.
THE Commission on Human Rights(CHR) on Friday called out the government for the reported inadequate supply of medications for the treatment of people living with human immunodeficiency virus (PLHIV).
THE Department of Finance (DoF) said the Bureau of Internal Revenue (BIR) fell “a little short” of its target revenue collection for the first half amid slow economic growth.
RAW SUGAR production dropped by 0.27% year-on-year as of the first week of July, the Sugar Regulatory Administration (SRA) reported, with the crop year nearing its end.
GLOBE Telecom, Inc. reported flat earnings in the second quarter as ramped-up infrastructure spending dampened the growth in revenues.
EARNINGS of Robinsons Retail Holdings, Inc. (RRHI) dropped in the second quarter despite higher sales due to the impact of a new accounting standard.
ROXAS Holdings, Inc. (RHI) widened its net loss by 271% in the third quarter ending June, as unfavorable weather conditions depleted the supply of cane, affecting the sugar industry as a whole.
PhilWeb Corp. posted slimmer losses in the second quarter as revenues improved thanks to its foray into electronic bingo (e-bingo).
ABS-CBN Corp. maintained nationwide ratings lead in the month of July as rival GMA Network, Inc. claimed dominance in Urban Luzon and Mega Manila, citing different measurement reports.
THE PESO dropped further against the dollar on Friday as the market’s risk appetite waned following escalating trade tensions between China and the United States.
Ayala Land, Inc. (ALI) marked yet another milestone as it officially opened the Ayala North Exchange — the newest gateway to the Makati central...
BUSINESS for manufacturers marked July with the strongest improvement in six months -- though still described as “moderate” -- on the back of sales and job growth, according to results of the latest survey IHS Markit conducted for Nikkei, Inc., keeping the country in third place behind Myanmar and Vietnam among seven tracked Southeast Asian economies.
BUSINESS for manufacturers marked July with the strongest improvement in six months — though still described as “moderate” — on the back of sales and job growth, according to results of the latest survey IHS Markit conducted for Nikkei, Inc., keeping the country in third place behind Myanmar and Vietnam among seven tracked Southeast Asian economies.
HONG KONG -- Asian factory activity contracted further in July, fueling worries that a Sino-US trade war and a slowdown in China could tilt the world towards a global recession, which central banks will have to fight with depleted ammunition.
THE PHILIPPINE Competition Commission (PCC) has streamlined merger rules for solicited projects under public-private partnership (PPP), which is one of the financing modes for major infrastructure development.
THE SECURITIES and Exchange Commission (SEC) will now allow at least two people to form a corporation, in line with amendments in Republic Act No. 11232, otherwise known as the Revised Corporation Code.
PHILEX Mining Corp. is looking for partners for the long-delayed Silangan mine project, which it hopes to begin operations by mid-2022.
THE ORGANIZERS of the Woodstock 50th-anniversary festival canceled the event a week after its relocation to Maryland led many of the acts to back out.
BANK OF THE Philippine Islands (BPI) reported higher net earnings in the second quarter on the back of strong interest and non-interest income growth.
EARNINGS of Metro Pacific Investments Corp. (MPIC) went down by 9.8% in the second quarter of 2019, as the infrastructure conglomerate incurred foreign exchange losses in the period.
BARANGAY VENEZIA is still underwater three months after the last typhoon hit. It has affected every aspect of their lives. The children and the elderly are getting sick. Their livelihood has been threatened. The simple act of moving from one street to the next would require a boat ride. Its residents, frustrated by the inaction of the local government, realized that the massive flooding began only after a subdivision for the affluent was built near their impoverished community.
PHILIPPINE Business Bank (PBB) booked a higher net profit in the second quarter, boosted by its lending and trading businesses.
THE Department of Labor and Employment (DoLE) said it launched a campaign to educate young workers on occupational safety and health (OSH), because that segment of the labor force is deemed most vulnerable to workplace hazards.
GOKONGWEI-LED Universal Robina Corp. (URC) expanded its attributable profit by 12% in the second quarter of 2019, boosted by the strong performance of its local coffee business led by Great Taste.
HAROLD “HAL” PRINCE, who won a record 21 Tony Awards as producer and director of some of Broadway’s biggest hits of the second half of the 20th century including The Phantom of the Opera, West Side Story, Fiddler on the Roof, Cabaret, and Evita, died on Wednesday at age 91.
BDO Leasing and Finance, Inc. (BDOLF) posted a net loss in the second quarter dragged by compressed margins.
THE Philippine Overseas Employment Administration (POEA) said it suspended processing of applications for all new hires to Sudan, including those for seafarers taking ship in Sudan, due to security concerns.
PLDT, Inc. and its wireless unit Smart Communications, Inc. is expanding physical presence in the north with a new lifestyle hub in Quezon City.
IRISH rock band U2 is coming to the Philippines for the first time for a concert that is part of the band’s ongoing Joshua Tree World Tour. The concert will be held a Dec. 11 at the Philippine Arena in Bulacan.
SHANGHAI — China’s central bank kept its main policy rates on hold on Thursday, opting not to follow an overnight benchmark rate cut by the US Federal Reserve as policy makers wait to see if earlier support measures start to stabilize the economy.
CARLYLE GROUP LP emulated its peers on Wednesday with plans to convert from a publicly traded partnership into a corporation, and went one step further by announcing it will become the first U.S. private equity firm to hold shareholder votes.
THE hospital unit of Metro Pacific Investments Corp. (MPIC) is investing about P5-6 billion for a new medical facility specializing in women’s health care.
THAT one iconic role can catapult an artist’s popularity to unimaginable heights and earn him a spot among the elites. In the world of Korean drama, there are only a few actors whose portrayal created such impact that they continue to be recognized years after their series have ended.
WASHINGTON — The Federal Reserve cut interest rates on Wednesday, but the head of the US central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.
THE HOME Development Mutual Fund (Pag-IBIG Fund) reported home loan payments rose 12% to a record-high P30.44 billion in the first six months of 2019.
SAN FRANCISCO -- Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to US federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.
AYALA-LED Integrated Micro-Electronics, Inc. (IMI) saw its attributable profit plunge 79% in the second quarter of 2019, weighed down by the lower demand for its new programs amid additional investments.
AFI AFRICA’s The Lookout first appeared in last year’s Cinemalaya Festival, to less than stellar notices. You can hardly blame the skeptics: the script features largely unsympathetic characters, a complex plot told nonlinear fashion, a generous (or — depending on how you feel about such things — excessive) dose of langorously lingered-upon sex.
SINGAPORE LIFE will be ready to operate in the Philippines next year and is looking to offer "fairly priced" services.
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