Ponzi ghost seduces more Filipinos amid pandemic
CHRISTIA CARRYLE R. GAMBOA, 17, lost P43,000 ($900) after she was enticed to invest in a money-making scheme that promised to double her money in less than two weeks.
Infrastructure spending increases by 45% in April
STATE SPENDING on infrastructure grew by 45% in April, on low base effect and the rollout of projects amid tightened restrictions.
FDI inflows more than double in March
FOREIGN DIRECT investments (FDI) to the Philippines surged in March, largely due to the low base effect from last year’s slump as well as an improvement in investor sentiment.
China cautions G7: ‘small’ groups don’t rule the world
CARBIS BAY, England — China on Sunday pointedly cautioned Group of Seven (G&) leaders that the days when “small” groups of countries decided the fate of the world was long gone, hitting back at the world’s richest democracies which have sought a unified position over Beijing.
G7 leaders commit to increasing climate finance contributions
CARBIS BAY, England — G7 (Group of Seven) leaders will commit on Sunday to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming.
Out-of-control shipping costs fire up prices from coffee to toys
THE skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think — from that cup of coffee you get each morning to the toys you were thinking of buying your kids.
‘Extraordinary’ NCAA season officially kicks off
SEASON 96 of the National Collegiate Athletic Association (NCAA) conducted in extraordinary circumstances because of the pandemic officially kicked off on Sunday with a virtual opening ceremony.
French Open champion Barbora Krejčíková
FACTBOX on Barbora Krejčíková, who defeated Anastasia Pavlyuchenkova (6-1, 2-6, 6-4) to win her maiden Grand Slam title at the French Open on Saturday.
Second Grand Slam tournament junior doubles title for Alex Eala
FILIPINO tennis ace Alex Eala is now a two-time Grand Slam junior doubles champion after claiming the 2021 French Open girls’ title on Saturday evening (Manila time).
Just another Independence Day
By Amelia HC Ylagan
June 12, 2021. It was the 123rd anniversary of the declaration of Philippine independence from Spain by Emilio Aguinaldo at Kawit, Cavite. Why did it feel like it was just another Independence Day? The news preceding the day was hogged by this feisty-looking little woman with her jaw thrust out to challenge the world record for the oldest living female person in the world — 123-year-old Francisca Montes-Susano of the Philippines!
The importance of tobacco taxes for post-pandemic recovery
By Pia Rodrigo
In December 2020, Tobacconomics launched the first edition of its “Cigarette Tax Scorecard,” a study assessing cigarette tax policy performance in more than 170 countries between 2012 and 2018. The good news is that the Philippines ranked seventh in total performance, together with Bahrain, Canada, and Saudi Arabia. Among all East Asian countries, the Philippines scored the highest, with an overall score of 3.75 out of five.
Red Alert and EPIRA
By Romeo L. Bernardo
From May 31 to June 1, thin power reserves resulted in the National Grid Corporation of the Philippines (NGCP) raising yellow and red alerts and hours-long rotational brownouts in some parts of Luzon. Understandably, this episode drew indignation from consumers and sharp criticism from pundits and politicians.