Peso drops vs dollar on local data
THE PESO succumbed to the dollar’s strength on Friday on data showing a higher unemployment rate and lower-than-expected inflation and the prolonged spread of the coronavirus disease 2019 (COVID-19).
Shares back in the red as PHL reports new coronavirus cases
LOCAL shares slumped back into red territory amid renewed worries as the Department of Health (DoH) on Friday reported a Filipino male with no history of travel abroad has tested positive for the coronavirus disease (COVID-19).
Philippine police probe chopper crash that almost killed their chief
PHILIPPINE police formed a team that will probe the helicopter crash that almost killed their chief and injured seven other officers in San Pedro, Laguna province on Thursday.
Inflation slows down in February
THE GENERAL INCREASE in the prices of widely used goods and services eased in February due to slower price adjustments in the heavily weighted food and non-alcoholic beverages and select nonfood commodities, the Philippine Statistics Authority (PSA) reported, lending support to the possibility of the central bank to cut policy rates soon.
January finds better quality of jobs although unemployed ranks grow
LATEST official labor data showed the ranks of Filipinos wanting more work to augment income declined in January, although those that were left without jobs increased, data from the government’s statistical agency showed.
No off-cycle rate cut, says Diokno
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will not go for an off-cycle rate cut following the US Federal Reserve’s surprise move to ease as part of efforts to boost the economy amid risks of a slowdown due to the coronavirus disease 2019 (COVID-19) outbreak.
First Gen seeks DoE nod to build LNG import terminal
FIRST GEN Corp. said its subsidiary had applied for regulatory permit to start constructing an offshore terminal for liquefied natural gas (LNG) within its energy complex in Batangas City.
James Bond movie release pushed back amidst virus fears
LONDON -- The global release of the new James Bond film No Time to Die was postponed on Wednesday by seven months amid the coronavirus disruption that has closed movie theaters in China and caused widespread headaches for other Hollywood productions.
PLDT allots P83-B budget this year
PLDT, Inc. is allocating P83 billion for capital expenditures (capex) this year, 36.1% higher than last year’s figure, to serve better the “fast-growing” data usage of its customers, the company’s top official said on Thursday.
Massive Miami electronic-music fest up in air on virus concerns
PLANS FOR the Ultra Music Festival, one of the world’s biggest electronic-music events, were in flux Wednesday after Miami Mayor Francis Suarez met with the organizers over mounting coronavirus concerns.
ICTSI income dips 52% after one-off charges
PROFITS of International Container Terminal Services, Inc. (ICTSI) last year plunged 52% to $100.4 million, attributable to non-recurring charges recorded during the period.
Taylor Swift is best-selling global artist in 2019
LOS ANGELES -- Pop superstar Taylor Swift topped the list of the world’s best-selling music artists in 2019, thanks to the success of her album Lover, beating popular acts including Korean pop sensation BTS, recording industry group IFPI said on Monday.