THE MAIN INDEX edged higher on Tuesday as bargain hunters gave the market a lift before the session’s close.

PRESIDENT Rodrigo R. Duterte formally notified the US of his decision to pull out of a military agreement on the deployment of troops for war games, the first time he has scrapped a military deal with the former colonial power that he had criticized for treating the Philippines “like a dog on a leash.”

PHILIPPINE Airlines, Cebu Pacific and AirAsia yesterday suspended flights to Taiwan after the Immigration bureau said it was included in the Philippines’ travel ban to contain a novel coronavirus outbreak.

PRESIDENT Rodrigo R. Duterte will join a domestic travel campaign starting next week to convince Filipinos to visit local spots in the face of an international tourism decline because of a novel coronavirus outbreak.

FOREIGN DIRECT INVESTMENTS (FDI) continued to recover for the second straight month in November after months of drought, though still down during the 11-month period from a year earlier, according to the Philippine central bank.

THE country’s chief government lawyer has asked the Supreme Court to revoke the franchise of a media network critical of President Rodrigo R. Duterte, accusing it of “highly abusive practices.”

SEVERAL outsourcing subsectors cut their revenue targets across-the-board after the industry lowered its growth figures under a road map through 2022 due to geopolitical challenges, protectionism and automation.

MEGAWIDE Construction Corp. is looking to expand its operation of land transportation terminals to the countryside with a few invitations from provincial governments, its top executive said.

LOS ANGELES (Reuters) — South Korean social satire Parasite won the Oscar for best picture on Sunday, making history as the first film not in the English language to win the movie industry’s highest honor.

DAVAO CITY -- Major damage in some condominium buildings in Davao City caused by the series of earthquakes in October and December last year has dampened demand, but horizontal housing projects are benefiting as buyers and renters look to apartments and single-detached houses, according to a real estate consultancy firm.

MPCALA Holdings Inc., a unit of Metro Pacific Tollways Corp. (MPTC), has started preparatory works for the construction of the Cavite segment of the Cavite-Laguna Expressway (CALAx).

• Best picture — Parasite • Best director — Bong Joon-ho, Parasite • Best actress — Renée Zellweger, Judy • Best actor — Joaquin Phoenix, Joker • Best...