TARLAC — The central bank will cut benchmark interest rates as early as this month, with the regulator also studying when to implement further reductions to lenders’ reserve ratios.
THE HOUSE of Representatives on Friday approved on third and final reading the second package of the government’s tax reform program, fast-tracking the administration’s plans to lower income taxes and slash the incentives of businesses.
THE Bureau of Immigration (BI) on Friday said that it arrested 277 illegal workers, many of whom were Chinese nationals working for illegal online gaming operations.
THE Department of Justice (DoJ) on Friday said it finalized the Implementing Rules and Regulations (IRR) of the Good Conduct and Time Allowance (GCTA) law and expressed its intention to exert more control over the Bureau of Customs (BuCor).
PRESIDENT Rodrigo R. Duterte said he will not fire the officials of the Bureau of Corrections (BuCor) who have acted “in good faith” in implementing the Good Conduct Time Allowance (GCTA) law.
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THE Department of National Defense (DND) called for the improvement of infrastructure and basic services for military troops and civilians posted in the West Philippine Sea, specifically in the disputed Kalayaan Group of Islands.
PRESIDENT Rodrigo R. Duterte on Thursday inaugurated the Bataan Government Center and Business Hub, also known as “The Bunker.”
STATE-OWNED Development Bank of the Philippines (DBP) partnered with the Office of the Presidential Adviser on the Peace Process (OPAPP) in fund disbursement and management.
NICKEL miners in the country may expect improved prices for ore in the near term as Indonesia sets an exporting ban for the mineral next year.
THE Agricultural Credit Policy Council (ACPC) has approved an additional P1 billion for the Survival and Recovery Assistance Program (SURE Aid), expanding its assistance to 70,000 farmers affected by the plunging price of palay, or unmilled rice.
PHOENIX Petroleum Philippines, Inc. is teaming up with Singapore-based Hengyi Industries International Pte. Ltd. (HYII) for a liquefied petroleum gas (LPG) offtake venture in Brunei.
NOW Corp. said it has erased its deficit of P402 million after it received approval from the Securities and Exchange Commission (SEC) to undergo equity restructuring.
AYALA Corp. (AC) plans to re-issue up to P15 billion worth of preferred class B shares, it told the stock exchange Friday.
TARLAC — The Bangko Sentral ng Pilipinas will be transferring its currency production facility to New Clark City (NCC) as part of efforts to boost production of notes and in line with its continuity plan for operations in case of natural disasters.
THE country’s balance of payments (BoP) — which shows the Philippines’ economic transactions with the world for a certain time frame — reverted to a surplus in the second quarter, on the back of the narrowing of the current account deficit in the period, as well as continued net inflows in the financial account.
THE PESO strengthened slightly on Friday on optimism that the US and China will have an interim trade deal by October.
LOCAL SHARES firmed up on Friday, taking cues from Wall Street which was boosted by easing trade tensions between the the United States and China.
In another example of its relentless pioneering spirit, the Manila Electric Company (Meralco) introduced the Philippines’ first grid-scale distribution-connected Battery Energy Storage System (BESS),...
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MALACAÑANG has moved to ensure that government offices spend within the fiscal year what they are given under the national budget, by formally adopting the cash budgeting system (CBS) starting this year through Executive Order No. 91.
CAR SALES dropped in August for the first time in seven months, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Thursday, describing the reduction as seasonal.
AUSTIN, TEXAS -- Over-reliance on one type of energy or dependence on one country as an energy source is a threat to national security, an official of the US Department of State said here, as he pointed to alternative models of resource development that the Philippines can adopt.
LOW UNEMPLOYMENT in the Philippines may be masking the fact that more people are opting not to work -- and preferring to stay in school for longer.
NLEX Corp. is targeting to complete the P1.6-billion Subic Freeport Expressway (SFEx) capacity expansion project by September next year.
LOS ANGELES — Leave it to Pennywise to deliver a much-needed jolt to the domestic box office. Warner Bros. and New Line’s It: Chapter Two arrived with $91 million, a promising start after a lackluster summer moviegoing season.
MANILA Electric Co. (Meralco) has awarded power supply agreements (PSA) covering 1,200 megawatts (MW) to units of San Miguel Corp. (SMC) and Ayala’s AC Energy, Inc.
THIS DOCUMENTARY consists mainly of interviews with the former Huk Supremo Luis Taruc which were conducted during the last years of his life. By then, the filmmaker Dik Trofeo had grown so close to Taruc that he called Trofeo his second son. (Taruc had only one son: Romeo, by his first wife Feliciana Bernabe. He had three wives.) Other producers have attempted to make unauthorized bio-pics of Taruc, including one with action star Senator Lito Lapid, but Trofeo’s film has Taruc’s imprimatur. “Ka Dik” and his camera crew tagged along with the peripatetic Taruc on his provincial sorties to stomp for peasant cooperatives. By then, he had ceased to be either Maoist or Marxist and was inducted by the National Historical Commission into our National Hall of Heroes.
FILINVEST Land, Inc. (FLI) has broken ground for the second phase of its Hampton Orchards project in Pampanga.
LONDON — Canadian author Margaret Atwood said a deterioration in women’s rights in some parts of the world including in the United States prompted her to write a sequel to her best-selling 1985 novel The Handmaid’s Tale.
CEBU Landmasters, Inc. (CLI) will be redeveloping the Abaca Resort Mactan in Cebu as part of efforts to expand its hospitality business.
THE National Wages and Productivity Commission (NWPC) said it has completed the first portion of its review of the current wage determination system and is on track to meet the end-2019 deadline.
CONCERT ticket prices are going through the roof and not just for the super wealthy who pay thousands of dollars to see the best acts from the front row. Fans of all types are paying more to see their favorite musicians.
DELTA Air Lines is scheduled to launch flights linking Manila to Seoul, South Korea next year, while suspending the Manila-Narita service at the same time.
SAN FRANCISCO -- The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for gig economy companies like Uber Technologies, Inc. and Lyft, Inc. to classify workers as independent contractors rather than employees.
FOR ITS third year, Coca-Cola Philippines’ Coke Studio focuses on singing about this generations’ “feels” as it starts airing this Saturday on ABS-CBN,
STATE-RUN Social Security System (SSS) is targeting a threefold increase in online transactions by next year to streamline services and save on operating expenses.
SAN MIGUEL Corp. (SMC) is consolidating its packaging businesses under San Miguel Yamamura Packaging Corp. (SMYPC).
BRITISH American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January as the world’s second largest tobacco company by sales looks to streamline its operations.
SAIC Maxus Automotive Co., Ltd. on Thursday launched a Persons With Disability-friendly (PWD) variant of the Maxus G10.
JULIE (Honor Swinton Byrne), heroine of Joanna Hogg’s latest film The Souvenir, is a fresh-faced youth whose every emotion registers as loudly as a fork dragged across rice paper; the film, on the other hand, is like obsidian glass, dark in tone and emotionally opaque — run a fingernail across its polished gleam and you leave not a mark.
FEDERAL RESERVE Chairman Jerome Powell and his colleagues are loath to follow Europe and Japan into negative interest rate territory — no matter what President Donald Trump might want or how bad the US economy might get.
AIRASIA Philippines is launching a new daily flight from Manila to Bacolod next month.
9 films to see on the week of September 13 — September 19, 2019
WOMEN are landing more full-time jobs, bringing in bigger paychecks and rising out of poverty, according to US Census data released on Tuesday.
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