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Yearly Archives: 2021

Inflation hits 26-month high in February

Consumer prices rose faster for a fifth straight month to a 26-month high in February as food prices continued to surge, the Philippine Statistics...
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Philippine banks’ NPL ratio may rise up to 5% by end-2021 – Fitch

The Philippine banking industry will likely see a rise in soured loans this year as many consumers struggle to settle their debts amid the...
Bangko Sentral ng Pilipinas (BSP)

BSP expands types of loans counted as Agri-Agra compliance

THE BANGKO SENTRAL ng Pilipinas (BSP) has expanded further the type of loans counted as compliance with the mandatory credit allocation for agriculture and...

Security Bank to face asset quality risks due to large retail loan portfolio

SECURITY BANK Corp. will continue to face asset quality pressures this year mainly due to its “troubled retail portfolio,” S&P Global Ratings said on...
PSBank

PSBank’s net income drops 63% in 2020

PHILIPPINE Savings Bank booked a lower net income in 2020 as it hiked its loan loss provisions amid the pandemic. The bank’s net profit...

Central bank sells P80 billion in short-term bills

THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the one-month bills it offered on Friday even as rates climbed following data...

Peso rises as RTB sale ends

THE PESO climbed against the greenback on Friday following the end of the government's retail Treasury bond (RTB) offering the day prior. The local unit...

Over 3,000 COVID cases logged on Friday, highest since Oct. 16

THE health department reported on Friday 3,093 new coronavirus cases, the highest daily case rate in almost five months, and more cases of the...

Ambassadors assure more COVID vaccine supply coming by mid-year

THE Philippines is expected to receive the initial batch of coronavirus vaccines developed by Amerian firm Moderna Inc. by June or earliest in late-May,...

PAL, Cebu Pacific transport COVID vaccines to provinces

THE country's two biggest air service providers, Philippine Airlines (PAL) and Cebu Air, Inc. (Cebu Pacific), have been delivering the country’s first batch of...

Prisoners in priority list of vaccine recipients—DoH

PRISONERS, or formally referred to as persons deprived of liberty (PDLs), are included in the government’s priority groups for vaccination against coronavirus, the Health...

PHL receives list of weaponry to be donated by US

THE Philippine defense department has received a list of military equipment that will be given by the Pentagon, the country’s envoy to the United...

Court junks De Lima’s motion for reconsideration

A REGIONAL court in Muntinlupa denied on Friday the motion of Senator Leila M. de Lima and her co-accused Ronnie P. Dayan for reconsideration...
congress House of Representative

Solon wants probe on food delivery apps’ failure to give senior citizen discount

A LAWMAKER seeks to investigate the alleged non-compliance of food delivery app companies to providing a 20% discount to senior citizens. In a statement on...

DoubleDragon REIT sets final IPO price at P2.25

DDMP REIT, Inc. (DDMPR), the real estate investment trust of DoubleDragon Properties Corp., on Friday priced its initial public offering at P2.25 per share,...

7-Eleven operator rolls out cash-recycling ATMs in its Philippine stores

Philippine Seven Corp. (PSC) said it is targeting to install 320 cash-recycling ATMs in its 7-Eleven stores around the country within the first half...

Cebu Landmasters expands in 4 more cities in Visayas, Mindanao

Cebu Landmasters, Inc. (CLI) is expanding its economic housing brand to four more cities in the Visayas and Mindanao, after seeing a spike in...

Cebu Pacific taps local banks for P16-B loan

Cebu Air, Inc., operator of budget carrier Cebu Pacific, on Friday said its board approved a P16-billio, ten-year loan from local banks. In a disclosure...

BHI ends partnership with Revolution Precrafted on Cavite project

Boulevard Holdings, Inc. (BHI) is ending its partnership with embattled start-up Revolution Precrafted Philippines, Inc. for a project in Cavite. In a disclosure to...

Mega Global expands operations in Zamboanga

Sardines manufacturer Mega Global Corporation launched its newest headquarters and plants as it expands its Zamboanga operations. The company recently launched its Cawit-based headquarters and...

Isuzu warns against unauthorized selling

Isuzu Philippines Corporation (IPC) is warning the public against buying and selling Isuzu-branded cars without authorization. The company in a notice said that it found...

Rice tariff collections surge to P2.04 billion in January

Rice import tariffs collected by the Bureau of Customs (BoC) jumped to P2.04 billion in January as it improved its valuation system for inbound...

Plaridel expansion set to open in April

WIDENING WORKS at Plaridel Bypass in Bulacan will be completed by the end of the month in time for an April launch, the Department...

DoST-funded app taps citizens to monitor Manila Bay, other areas

A NEW Department of Science and Technology (DoST)-funded mobile app aims to monitor Manila Bay and its surroundings by letting citizens report environmental issues...

Stocks decline as inflation quickens to 25-month high

STOCKS closed in the red on Friday following the release of the February inflation report, which showed that the rise in prices surged to...

China’s parliament to delay Hong Kong legislative vote, overhaul electoral system

HONG KONG — Elections for Hong Kong’s legislature will likely be deferred for a second year to September 2022 as Beijing plans a major...

Australia asks European Commission to review Italy’s vaccine block

CANBERRA — Australia has asked the European Commission to review a decision by Italy to block a shipment of AstraZeneca’s coronavirus disease 2019 (COVID-19)...

Amid shortage, US suppliers to Chinese chip giant SMIC struggle to get export licenses

The US government has been slow to approve licenses for American companies like Lam Research Corp and Applied Materials Inc. to sell chipmaking equipment...

Standhardinger for Slaughter in big man deal

The Northport Batang Pier and Barangay Ginebra San Miguel Kings swapped big men in a Philippine Basketball Association deal announced on Friday. A trade long...

Smart leads with best speed and mobile video experience in PH

Leading mobile services provider Smart Communications, Inc. continues to give subscribers the best mobile experience as it dominates the latest Mobile Network Experience Report...

China says it will deter Taiwan independence but seek peaceful ties

BEIJING — China will resolutely deter any separatist activity seeking Taiwan’s independence but is committed to promoting the peaceful growth of relations across the...

New Zealanders take to the hills as powerful quakes trigger tsunami waves

WELLINGTON — Small tsunami waves triggered by a series of powerful earthquakes hit the east coast of New Zealand’s North Island on Friday and...

Feb. inflation fastest in 26 months

The overall year-on-year increase in prices of widely used goods picked up for the fifth straight month in February by its fastest pace in...


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Pag-IBIG posts P31.18B net income in 2020

Members earn 5.62% dividend rate on Regular Savings, 6.12% on MP2 Pag-IBIG Fund posted a net income of over P30 billion in 2020 for the...

Inflation to taper off by 2nd half — BSP

HEADLINE INFLATION will likely ease to within the target range by the second half, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday, adding that monetary policy response would not be needed as risks arise from the supply side.

Monde Nissin files for record-breaking Philippine IPO

MONDE NISSIN CORP., the maker of Lucky Me! instant noodles, on Thursday filed for an initial public offering (IPO) to raise up to P63 billion ($1.3 billion), which could be the country’s biggest first-time share sale.

Philippines slips in economic freedom ranking

THE PHILIPPINES slid three spots to 73rd out of 178 economies in a global ranking on economic freedom by The Heritage Foundation, which took note of the government’s continued failure to address corruption and to ease trade restrictions.

Gov’t sells P463 billion in RTBs

THE GOVERNMENT raised P463.3 billion in three-year retail Treasury bonds (RTBs) on Thursday to mark its second-biggest issuance of retail bonds so far, as investors continued to flock to safe-haven assets.

GDP contraction likely eased in Q1

THE PHILIPPINE ECONOMY will likely see a less steeper decline in the first quarter, although full recovery may only be possible in the latter part of 2022, according to an economist.

Disney’s Raya and the Last Dragon takes audience on an Asian-inspired adventure

LOS ANGELES —  Walt Disney Co.’s latest animated movie, Raya and the Last Dragon, aims to offer a fresh take on a princess tale in a fantasy world inspired by Southeast Asia and no prince coming to the rescue.

Understanding the Eddie Garcia Bill

LEGENDARY actor Eddie Garcia arrived on set on June 8, 2019 for the taping of an upcoming television series, Rosang Agimat. During the shoot, the 90-year-old actor accidentally tripped over a cable, fracturing his neck which eventually left him in a coma. He passed away 12 days after the accident.

Pangilinan bullish on PLDT exceeding P30-B core profit guidance

PLDT, Inc. is hoping to exceed its core profit guidance of P29-30 billion for 2021 despite the “worrisome” economic outlook, its top official said.

Captain America is Smart’s newest endorser

CAPTAIN AMERICA, a.k.a. American Hollywood actor Chris Evans, is Smart’s endorser for its “Live Smarter for a Better World” campaign.

Cebu Pacific eyes up to P16-B loan from banks

CEBU PACIFIC, operated by Cebu Air, Inc., is in discussions with various banks for up to P16 billion in financing amid a public health crisis that has battered commercial airlines, a company official said.

Through the looking glass

Federico Fellini’s 8 1/2 (1963) is one of the most gorgeous black-and-white films ever made, not to mention one of the most influential: it’s inspired at least one terribly expensive (and terrible, period) musical (Rob Marshall’s Nine), one great dance musical (Bob Fosse’s All That Jazz), a royal flush of filmmakers (Martin Scorsese, Woody Allen, David Lynch, among many many others). If I admire it I admire it for the way the camera —  like its protagonist filmmaker Guido — dances nimbly past all the men and women in his (its) life attempting to lay claim to his (its) attention. It’s a heady swirl of delicate Prosecco and robust Chianti —  of the elusively enigmatic and appealingly intimate, of the immediately personal and yearningly metaphysical.