ALI says land deal ‘beneficial’ for UP but market fears persist

AYALA LAND, Inc. (ALI) said it is open for a probe of its contract with the University of the Philippines (UP) for the UP-Ayala Land Technohub project following allegations of underpayment by Malacañang.

JoyRide readies more bikers despite plan to stop motorcycle taxis

JOYRIDE is bent on deploying more bikers until it reaches the 10,000 cap despite the government’s plan to terminate the pilot program that allowed the operation of motorcycle taxis, an official of the ride-hailing firm said.

Gov’t makes partial award of 7-year bonds

THE GOVERNMENT made a partial award of its offer of seven-year Treasury bonds (T-bonds) yesterday as investors asked for higher rates.

The characters of the big city

THE commute from EDSA to Manila took an hour on the day before the Traslacion — Manila’s giant celebration of the Feast of the Black Nazarene. It was past the lunch hour when I arrived at the 1919 Grand Café (in what was formerly the HSCB Building) in Manila’s Binondo district.

Bank of Japan stands pat on rates, raises economic growth forecasts

THE BANK OF Japan (BoJ) took a brighter view of the economy and left its main policy settings unchanged Tuesday, offering a further indication that it is unlikely to add to its stimulus.

Mr. C’s tunes: from sheet music to an exhibition

VISUALIZING music is quite a challenge. But it was a challenge that was accepted by the The Center for Campus Art of the De La Salle-College of Saint Benilde, the result of which is Kay Ganda Ng Ating Musika: An Exhibit on the Life and Work of National Artist for Music Ryan Cayabyab, its third exhibit featuring National Artists and the its first focusing on music.

PHL banking sector seen to weather risks this year on economy’s strength

BANKING SYSTEMS in emerging economies will face three key risks in 2020, including uncertainties from geopolitical and domestic policies, deterioration in asset-quality indicators, and risks coming from volatile investor sentiments, according to S&P Global Ratings.

New gallery opens at La Fuerza

MODEKA Creative Space joins the roster of contemporary art galleries in La Fuerza 1 in Makati City.

Stocks extend decline on Ayala group’s woes

THE MAIN INDEX continued its decline on Tuesday due to regulatory risks that are hounding the Ayala group.

House may go over and above P30-B calamity budget request

THE HOUSE of Representatives said it will assign the “highest priority” to President Rodrigo R. Duterte’s request to fast-track approval of a P30-billion supplemental budget for communities affected by the Taal Volcano eruption, and signalled a willingness to provide even more.

Senate studying how to fund supplemental budget for Taal aid

THE SENATE is verifying possible funding sources for the P30-billion supplemental budget after President Rodrigo R. Duterte sought to expedite emergency aid for local government units (LGUs) affected by the Taal eruption.

Over 214,000 Metro Manilans emerge from poverty in 2018

MORE THAN 200,000 Filipinos in Metro Manila made it past the poverty threshold in 2018, according to new data derived from poverty incidence estimates by the Philippine Statistics Authority (PSA).