A MANILA trial court has ordered the arrest of Communist Party of the Philippines (CPP) founder Jose Maria “Joma” Sison, his wife and 36 other members of the organization for murder.
PRESIDENT Rodrigo R. Duterte on Friday said he still believed in his former prison chief, whom he fired early this week over the illegal release of felons convicted of heinous crimes for good conduct.
GOVERNMENT prosecutors are about to finish hearing the sedition complaint against Vice President Maria Leonor G. Robredo and 35 others and will soon submit the case for decision.
STATE auditors are investigating about 2,000 claims worth more than P20 million made by supposedly dead members of the Philippine Health Insurance Corp. (PhilHealth) this year.
LATE ENACTMENT of this year’s national budget continued to weigh on infrastructure spending in July, the Budget department reported on Thursday, even as it noted that a month-on-month surge showed “that disbursements are starting to normalize and accelerate in the second half…”
A FARMERS’ association pressed the government to regulate rice imports more closely to allow domestic farmers and traders to dispose of their inventory particularly during the current harvest, and called for an increase in the National Food Autority’s buffer stock minimum to support the market.
PRICE increases are expected to lose momentum until October before a recovery in headline inflation to around the 2% level in December, according to an economic bulletin issued by the Department of Finance (DoF).
THE National Privacy Commission (NPC) has found three online lending firms to have violated the privacy of persons who were allegedly shamed publicly, including maliciously disclosing the private information of borrowers.
AN INITIAL 5,000 metric tons (MT) of rice from Mindanao will be shipped to Papua New Guinea following the signing of a memorandum of understanding between farmers’ groups represented by the Mindanao Development Authority (MinDA) and PNG’s Central Province government.
THE House appropriations committee on Friday approved the P8.201 billion budget of the Office of the President for 2020, taking under six minutes with no interpellation.
Del Monte Pacific Ltd. (DMPL) said recurring first-quarter net income attributable to the company’s owners was $4.15 million, reversing losses amounting to $3.73 million a year earlier.
RIZAL Commercial Banking Corp. (RCBC) is returning to the US dollar bond market by selling $300 million of five-year unsecured bonds amid strong demand from investors overseas, it said in a statement on Friday.
THE country’s gross international reserves (GIR) rose by $430 million to$85.61 billion as of end-August , the central bank said in a statement on Friday.
THE peso strengthened against the dollar on Friday after slower-than-expected inflation for August and in line with a market rally in major economies.
STATE-OWNED Development Bank of the Philippines (DBP) will help fund Liangan Power Corp.’s (LPC) hydroelectric power plant in Mindanao through a P1.1-billion term loan, the lender said in a statement on Friday.
PHILIPPINE National Bank (PNB) has fully acquired its thrift bank unit to integrate it with its operations, according to a stock exchange filing.
SENATOR Grace Poe on Friday vowed to pursue financial literacy and inclusion as head of the banks committee.
LOCAL SHARES gained for the third straight day, joining Wall Street and major Asian markets in cheering easing US-China trade tensions, even as Friday’s finish was lower than a week ago.
LIRON GROSS moved to the Philippines with her family in 2017 to start Payo, a start-up e-commerce payment solution. She saw a good potential from...
COMMITTED foreign direct investments (FDI) grew by more than half annually in the three months to June, helping foreign pledges double last semester.
LATEST labor data show the ranks of jobless Filipinos increased in July, but at the same time, the number of employed Filipinos wanting more work dropped to an all-time low, the Philippine Statistics Authority (PSA) reported yesterday
LATEST labor data show the ranks of jobless Filipinos increased in July, but at the same time, the number of employed Filipinos wanting more work dropped to an all-time low, the Philippine Statistics Authority (PSA) reported yesterday.
INFLATION clocked in at its slowest pace in three years in August amid a softer increase in food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Thursday.
MORE ECONOMIC REFORMS have gained ground in the House of Representatives, with the measure removing restrictions on foreigners from practicing their professions in the Philippines and another simplifying taxes on financial instruments both bagging second-reading approval last Wednesday evening.
FACTORY OUTPUT once again declined in July, extending its contracting streak to eight straight months, the government reported on Thursday.
HELLO, LOVE, GOODBYE is now the highest-grossing Filipino film of all time after breaching the P880 million box office mark after more than a month in local and international cinemas.
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THE Metro Manila Film Festival Executive Committee (MMFF Execom) has announced that Carlo Ledesma’s film Sunod will replace Kris Aquino’s comeback film (K)Ampon which was disqualified for making a casting change beyond the prescribed deadline.
YANGON, Myanmar — Medical facilities in the Philippines will continue experiencing high rates of cyber attacks, with seven out of 10 medical machines compromised this year, according to data from cybersecurity firm Kaspersky.
ROBINSONS Land Corp. (RLC) is developing two residential condominiums that will add about 2,000 residential units to its first township project called Bridgetowne in the cities of Quezon and Pasig.
LOS ANGELES — Women enjoyed a banner year in Hollywood movies and on television over the past year, notching up record highs in lead roles and gaining ground in influential jobs behind the scenes such as directors and writers, according to two studies published on Wednesday.
STATE-OWNED enterprises (SOEs) in Asia were found to comply with looser disclosure rules when compared to listed companies, prompting the need for the issuance of tighter regulations and stricter implementation of existing guidelines in each country.
POPULAR SINGER Ariana Grande has sued Forever 21 for $10 million, accusing the fashion retailer and a beauty company started by its billionaire founders’ daughters of piggybacking off her fame and influence to sell their wares.
THE Department of Labor and Employment (DoLE) has signed an initial agreement with Canada’s Yukon government for skilled workers to be deployed to the western Canadian territory.
PHILIPPINE Rating Services Corp. (PhilRatings) retained the highest rating for Megaworld Corp.’s P12-billion fixed-rate bonds issued in 2017.
SEOUL -- Song Min-su, a Japanese major in his final year at Hannam University, south of Seoul, has watched in dismay as a spat between South Korea and Japan over wartime forced labor has spiraled into a damaging political and economic row.
ACTRESS Priyanka Chopra and her pop star husband Nick Jonas — seen here during the 91st Academy Awards’ Vanity Fair party on Feb. 24 — were named the best dressed of 2019 by People magazine on Wednesday, marking the first time in the celebrity magazine’s history that a couple has shared top style honors.
THE COUNTRY’S biggest banks will show “greater resilience” despite changing operating conditions compared to their mid-sized peers, Fitch Ratings, Inc. said in a report on Thursday.
THE Philippine Competition Commission (PCC) is monitoring the impact of the safeguard duty imposed on imported cement on the prices of consumer products, its top official said.
NEW YORK -- WeWork owner of The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board and announcing that its CEO would return a $5.9 million payment for use of the trademarked word “We.”
DON’T LET the rather innocuous-sounding title of Arden Rod Condez’s debut feature John Denver Trending fool you: this is a harrowing film, a horror film, entirely plausible yet nightmarish in feel.
PHILIPPINE Savings Bank (PSBank) is looking to raise its authorized capital stock to P6 billion in a bid to strengthen its capital structure and provide the lender flexibility.
PRU LIFE UK has partnered with St. Luke’s Medical Center (SLMC) to improve the processing of critical illness claims of its policy owners.
JAPANESE apparel retailer Uniqlo is opening its first large store in Central Luzon next week.
DUBAI/RIYADH -- The head of Saudi Arabia’s sovereign wealth fund was made head of an executive committee overseeing plans to float shares in Saudi Aramco before he was named new chairman of the state oil giant this week, five sources familiar with the matter said.
4 films to see on the week of September 6 — September 12, 2019
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