Demographics is destiny

By Bernardo M. Villegas
The long-term bright economic future of the Philippines is based on two dividends: a geographic dividend and a demographic dividend.

Budget chief flags risk to spending

THE ECONOMY may not benefit as much from state spending -- lately a key driver of gross domestic product growth -- at least in the first half of next year due to an expected delay in enactment of 2019’s proposed P3.757-trillion national budget and the ban on public works ahead of the May mid-term elections, the head of the Department of Budget and Management told reporters on Tuesday.

Esports gains ground in the country with new school-based program

INTERSCHOOL esports in the country is getting a big boost with an agreement that looks to engage more than one thousand teams from over 200 schools with the opportunity to train, compete, be coached, win scholarships and eventually become medal-winning esports athletes.

San Miguel swings back to winning

THE San Miguel Beermen bounced back from a previous loss in the Philippine Basketball Association Governors’ Cup by defeating the Columbian Dyip, 113-107, on Sunday at the Smart Araneta Coliseum.

China Bank looking to offer peso green bonds

CHINA BANKING Corp. (China Bank) is looking to offer peso-denominated green bonds to support demand for environmental and sustainability projects.

High Court upholds extension of martial law in Mindanao

THE SUPREME COURT (SC) upheld the constitutionality of the third extension of martial in Mindanao until Dec. 31, 2019.

Most small businesses optimistic about growth — Facebook survey

MAJORITY or 64% of small businesses currently operating on the social media platform Facebook said they were optimistic they would grow despite the challenges of the coronavirus pandemic.

Hotel association warns service charge law may force employee cuts

THE Philippine Hotel Owners Association, Inc. (PHOAI) said it opposes the new legal requirement to equally distribute the service charge collected by hotels and restaurants among all employees and remove the share collected by hotel management, noting that the rules could force the industry to reduce staffing.

PAL says PAGCOR should honor lease contract

PHILIPPINE AIRLINES (PAL) insisted its lease contract with the Philippine Amusement and Gaming Corp. (PAGCOR) for a 10-hectare property in the old Nayong Pilipino...

Trading scandal that rocked the Fed offers chance to reshape it

THE RESIGNATION of two Federal Reserve chiefs amid a stock-trading scandal means an unexpected number of top monetary-policy jobs are coming up for grabs — and there’ll likely be an unusually intense spotlight on who fills them. 

Gross borrowings drop 31% in April

THE National Government’s (NG) gross borrowings fell in April as domestic and external debt declined, data from the Bureau of the Treasury (BTr) showed....

Gov’t makes full award of Treasury bills

THE GOVERNMENT fully awarded P15 billion worth of Treasury bills (T-bill) on Monday even as yields rose across- the-board amid expectations that inflation picked up further in August.