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Daily Archives: November 6, 2020 | 7:24 pm

DPWH reports 25 contractors blacklisted since 2016; Duterte tells corrupt officials to ‘resign now’

THE Department of Public Works and Highways (DPWH) reported on Friday that it has so far blacklisted 25 contractors since 2016 as President Rodrigo...
noche buena feast

Major brands vow to maintain prices for ‘noche buena’ goods

SEVERAL manufacturers of food products traditionally used for the Christmas eve feast, or noche buena, have committed not to raise prices this year, according...

Health dep’t to adjust protocols on Avigan trials to reach 100 patients; 2,092 new...

THE Health department on Friday said it will adjust protocols for its trials on the anti-flu drug Avigan after facing challenges in recruiting patients,...

Red Cross chair says Duterte misled in ‘greedy’ remark

THE Philippine Red Cross chairperson, Senator Richard J. Gordon, did not take offense in President Rodrigo R. Duterte’s remark that the humanitarian organization is...

New management structure set on COVID-19 vaccination program

A NEW management structure for the coronavirus vaccination program has been formalized with the appointed “vaccine czar,” Secretary Carlito G. Galvez Jr., as head. Palace...

Manila Bay water quality monitoring system launched

By Angelica Y. Yang THE Department of Environment and Natural Resources (DENR), in partnership with the SM Group and with support from the Pasay City...

Better or worse? SWS survey shows mixed expectations on quality of life

AN almost equal percentage of adult Filipinos expect their personal quality-of- life in the next 12 months to either improve, worsen, or stay the...


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ASEAN chief justices to share knowledge on judgements, court processes

THE chief justices of the 10-member Association of SouthEast Asian Nations (ASEAN) have committed to further strengthen knowledge-sharing on court processes, enforcement of judgements...

Second tranche of COVID-19 cash aid from DoLE to benefit 800,000 workers

THE DEPARTMENT of Labor and Employment (DoLE) said 800,000 will benefit from its next tranche of cash assistance for formal sector workers affected by...

More than 3 million start national ID registration process

MORE THAN 3 million Filipinos have already finished the initial step of the registration process for the country's national ID system. “We reached 3.3 million...

Damage to power facilities hit by Typhoon Rolly now at P327.91M

THE DAMAGE to power distribution facilities affected by Typhoon Rolly (international name: Goni) has climbed to P327.91 million, with Bicol electric cooperatives (ECs) hit...

BSP mulls framework on publication of bank offenses

The Bangko Sentral ng Pilipinas (BSP) is considering a framework on publicizing criminal offenses made by supervised financial institutions and their officials as well...

Typhoons cut 2% of Q4 palay harvest

By Jenina P. Ibañez, Reporter The Agriculture department estimated the palay production loss due to recent typhoons reached 165,000 metric tons (MT), or two percent...

Gov’t urged to lower tariffs on pork imports

Meat importers are asking the government to reduce tariffs on imported pork to stabilize prices in the market. The Meat Traders and Importers Association...

Senate eyes CREATE, FIST approval before yearend

The Senate will tackle two priority measures, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and the Financial Institutions Strategic Transfer (FIST)...

BSP makes full award of 28-day securities

THE BANGKO SENTRAL ng Pilipinas (BSP) fully awarded P60 billion in short-term securities on Friday as investors asked for lower yields following a downward...

Peso extends climb on partial US election results

THE PESO continued to rise versus the dollar on Friday as the Democratic Party maintained its lead in the United States election. The local unit...

InLife launches P1-billion fund

INSULAR LIFE Assurance Co. Ltd. (InLife) launched a P1-billion investment portfolio that it targets to grow by 25% within five years, banking on gains...

Stocks climb further on sustained buying

THE BENCHMARK Philippine Stock Exchange (PSEi) index rallied for the fifth consecutive day on Friday as investors continued buying shares. The main index climbed by...

Robinsons Land plans REIT offering in 2021

By Denise A. Valdez, Senior Reporter Robinsons Land Corp. (RLC) is forming a real estate investment trust (REIT) company for some of its office assets,...

Ayala Land profit down 77% in Q3

Earnings of Ayala Land, Inc. (ALI) slumped 77% in the third quarter to P1.85 billion from P8.05 billion during the same period a year...

Pandemic drives second home investments outside Metro Manila – Leechiu

More property buyers are looking to acquire a second home in the provinces, as wealthy people stuck in their Metro Manila homes seek investment...

DENR, PLDT-Smart launch peatlands conservation program

The Department of Environment and Natural Resources (DENR) and its private sector partners PLDT Inc. and Smart Communications Inc. launched its three-year peatlands conservation...

PLDT-Smart accelerates 5G rollout with more base stations

PLDT, Inc. and its wireless subsidiary Smart Communications, Inc. have fired up 279 base stations in the third quarter to support its roll out...

Productivity platform by ByteDance launches webinar series

Lark, a productivity platform by ByteDance (the same company that made TikTok), unveiled a webinar series that gives the chance to win prizes for...

Triple duty: parenting, working, and teaching from home

By Patricia B. Mirasol Three working parents share the schooling choices they made for their children and how they’ve been juggling their responsibilities.  When it comes...

L’Oreal turns to Google as coronavirus spurs virtual make-up shift

PARIS — Shoppers searching Google for cosmetics will be able to try them on virtually through a deal with L’Oreal, as the French group...

Fed keeps policy steady as Biden inches closer to victory

WASHINGTON — The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months...

Experts spar over ethical question: Should we be paid to get COVID-19 shots?

LONDON — A suggestion by an ethics professor at a leading UK university that governments should pay citizens to get vaccinated against COVID-19 has...

Overcoming the barriers of online education

BusinessWorld Insights focuses on ‘Connecting Schools and Students in the New Normal’ By Bjorn Biel M. Beltran, Special Features Assistant Editor The world was turned upside...

October inflation fastest in 3 months

THE OVERALL year-on-year increase in prices of widely used goods rose to its fastest pace in three months in October, the government reported on Thursday.

Headline inflation rates in the Philippines (Oct. 2020)

THE OVERALL year-on-year increase in prices of widely used goods rose to its fastest pace in three months in October, the government reported on Thursday.

Diokno sees economy returning to pre-COVID standing by 2022

THE PHILIPPINE economy might take two years to return to its pre-pandemic level, Bangko Sentral ng Pilipinas Governor (BSP) Benjamin E. Diokno said on Thursday.

Outsourcing sector lost P120B due to lockdown

THE OUTSOURCING SECTOR lost around P120 billion due to missed opportunities and unplanned expenses during the lockdown, an industry group said.

Factory output falls for 7th straight month

THE COUNTRY’S factory output contracted for the seventh straight month in September, the Philippine Statistics Authority (PSA) reported on Thursday.

PLDT net income jumps 95% as demand surges

PLDT, Inc. on Thursday reported a 95% growth in its attributable net income for the third quarter, noting that the period was an “all-time high” across its different business segments because of the spike in customer demand for digital services.

SMC earnings pick up in Q3 on easing lockdown

SAN MIGUEL Corp. (SMC) posted a net income of P15 billion in the third quarter, up from the P13.54 billion it reported the same period last year, as its business units started bouncing back after subdued demand earlier in the year.

AboitizPower’s supercritical power plant in Bataan to go online in 2021

ABOITIZ Power Corp. has scheduled the two units of a subsidiary’s 1,336-megawatt (MW) supercritical coal-fired power plant in Dinginin, Bataan to start operating commercially around the middle of next year.
SEC logo

SEC orders submission of money laundering prevention program

THE Securities and Exchange Commission (SEC) is requiring firms to submit a revised program against money laundering and terrorist financing within the next two months.

Beauty and the Boss: new iflix series offers a male view of romance

STREAMING service iflix’s new series, Beauty and the Boss, tells a love story from the point of view of the male protagonist which serves as a refreshing twist though the story (based on its first episode) still has the hallmarks of a typical romantic comedy.

Tourism training to be added to school curriculum

THE Department of Education  has agreed to add tourism and hospitality industry training to the high school curriculum, the Department of Tourism said.The new courses will be added to the technical and vocational curriculum for junior and senior high school in the public school system.

Banks reducing risks, costs amid pandemic

BANKS are employing prudential strategies to weather the impact of the coronavirus pandemic, such as reducing exposures to segments deemed vulnerable and cutting operational costs, a report from the Bangko Sentral ng Pilipinas (BSP) said.

LBC Express profit up nearly 38%

LBC EXPRESS HOLDINGS, Inc. on Thursday reported a 37.6% growth in its third-quarter attributable net income, but cumulative earnings as of September remained lower compared with a year ago after the health crisis’ impact on operations.

Philippine business groups sign pledge to reduce inequality

SOME of the biggest business groups in the Philippines have signed a covenant committing to address economic and social inequalities in the country, which have been heightened by the ongoing coronavirus pandemic.

Rebounded

“How dare he?” I hear the folks hissing: “an Alfred Hitchcock classic, and an Oscar Best Picture winner!” Critics haven’t been kind to Ben Wheatley’s 2020 adaptation of the Daphne Du Maurier novel, and who can blame them? It’s as if he’d taken a spray can to La Giaconda and smeared her smile lime green.