Logistics firms losing money without price hikes
MANUFACTURERS are expected to face higher logistics costs in the coming months due to the oil price shock, logistics industry officials said.
Abrupt ICI closure signals waning urgency in gov’t’s anti-graft drive
THE administration may be losing urgency in its anti-graft drive, analysts said, as the independent body tasked to probe anomalies in flood control infrastructure projects concludes its investigation on March 31.
Senate’s anti-political dynasty bill closer to Constitution, analysts say
CONGRESS should adopt a more stringent version of the anti-dynasty measure, analysts urged, noting the Senate bill is more aligned with the 1987 Constitution than the House bill over its broader and clearer provisions, including on politicians’ de facto relatives.
Speaker Dy keeps control of House but political issues may test his grip
THE House of Representatives, under Speaker Faustino “Bojie” G. Dy III, advanced key priority bills ahead of its six-week break, showing the administration coalition can still marshal lawmakers to act on urgent measures, political analysts said over the weekend.
Iran says Hormuz open to all but ‘enemy-linked’ ships amid US threat
DUBAI — The Strait of Hormuz remains open to all shipping except vessels linked to “Iran’s enemies,” Iran’s representative to the United Nations maritime...
China vows more open economy, national treatment for foreign firms
BEIJING — Chinese Premier Li Qiang pledged on Sunday to further open up the economy and fully implement national treatment for foreign enterprises, as...
Japan could consider Hormuz minesweeping if ceasefire reached, minister says
TOKYO — Japan could consider deploying its military for minesweeping in the Strait of Hormuz, a vital artery for global oil supplies, if a...
Peso hits new low of P60.10 per dollar
THE PHILIPPINE PESO sank to a fresh record low on Thursday, breaching the P60-per-dollar mark and heightening inflation risks from more expensive imports.
The local...
Fitch: Middle East war weighs on Philippine credit rating outlook
RISKS of stalled growth and slower fiscal consolidation amid the ongoing war in the Middle East could imperil the Philippines’ credit rating, especially as the country is among the most exposed to disruptions, Fitch Ratings said.
High oil prices could dent PHL output by 1 ppt this year
PHILIPPINE economic output could be reduced by up to one percentage point (ppt) this year if oil prices breach $130 per barrel, an economist...
SEC clears MREIT’s P16.2-billion asset infusion ahead of schedule
MREIT, INC. (MREIT), the real estate investment trust of Megaworld Corp., has secured approval from the Securities and Exchange Commission (SEC) for its P16.2-billion...
Pushing creative boundaries
POST-PUNK synth-wave musician Sexy Jay and baroque-pop multidisciplinary artist Halina are two of the latest additions to the roster of Offshore Music, a homegrown independent label headed by Filipino rock legend Ely Buendia.