Yields on term deposits slip on holiday flows
TERM DEPOSIT yields slipped on the first week of the year on the back of some holiday fever and the stronger performance of the peso in 2019.
Strike not extended at Lufthansa’s Germanwings
BERLIN -- The trade union representing cabin crew at Lufthansa’s budget airline Germanwings decided on Wednesday not to continue their strike for the time being after three days of stoppages led to dozens of flights being canceled.
Gov’t eyes tighter debt spreads
THE GOVERNMENT is planning to price its foreign bond issuances this year at “even tighter” spreads amid expectations of a credit rating upgrade in the medium term and policy easing from global central banks.
Sustaining growth in the 2020s
By J. Albert Gamboa
As we welcome the start of a new decade, it is heartening to know that the Philippines will remain among the fastest-growing economies in the world, based on a recent report from the UK-based Economist Intelligence Unit (EIU) titled “The Next Decade.”
Palace will review Kaliwa deal if onerous provisions found
PRESIDENT Rodrigo R. Duterte will review contracts for the Kaliwa Dam project in Quezon should any questionable provisions emerge, his spokesman said.
DBM sets rules for Jan. spending before 2020 budget is signed
THE Department of Budget and Management (DBM) ordered agencies and local government units (LGUs) to operate with funds appropriated for 2019 for the time being as the 2020 budget is still awaiting President Rodrigo R. Duterte’s signature.
Palay farmgate price resumes fall after brief gains
THE AVERAGE farmgate price of palay, or unmilled rice, declined 0.1% week-on-week to P15.55 per kilogram (kg) in the fifth week of November, breaking a two-week run of gains, the Philippine Statistics Authority (PSA) said.
Index declines on outflows due to China RRR cut
PHILIPPINE STOCKS tanked on the first day of trading for 2020 as money flew to China following its central bank’s decision to reduce banks’ reserve requirement ratio (RRR) and as uncertainty continues to hover on water stocks and ABS-CBN Corp. due to a rift with the government.
The 2010s wrecked the planet. Don’t despair yet
THE PAST DECADE hasn’t done much to inspire optimism about the future of the planet.
Entry and access denied
By Luis V. Teodoro
In another demonstration of unpresidential pique, President Rodrigo Duterte has ordered the Bureau of Immigration to stop United States Senators Richard Durbin and Patrick Leahy from entering the country. Messrs. Durbin and Leahy were the most instrumental in the decision to include in the 2020 US budget act, which Duterte phone pal Donald Trump has signed into law, a provision ordering the Secretary of State to deny entry into the US anyone in Philippine officialdom involved in the persecution, arrest and detention of opposition Senator Leila de Lima.
For here or to go?
NOT ALL the food you ordered or got as gifts end up on the holiday table and fully consumed by your guests. Always, there is an embarrassment of calorific riches left untouched. The household is faced with limited refrigerated space and the need to decide what to keep and what to give away -- for here or to go?
Roller-coaster ride for PH basketball
PHILIPPINE basketball saw its share of ups and downs in the Year 2019, carrying with them lessons that should serve to steer the sport into the coming years.