Office of the Ombudsman orders dismissal of three prison officials for grave misconduct
THE Office of the Ombudsman has ordered the dismissal of three prison officials for grave misconduct after they were accused of allowing the release of inmates for a fee.
Gov’t raises P134B from RTB sale
THE government raised P134 billion from its 23rd offer of retail Treasury bonds (RTBs), which was met with firm demand amid strong liquidity in the market.
Gov’t eyes P37B in sin taxes this year for health care
THE Department of Finance (DoF) expects to collect P37.2 billion in so-called sin taxes this year after a measure was enacted raising the tax on alcohol products and cigarettes.
3 Japan firms keen on Manila subway contract
AT LEAST THREE Japanese firms, including one of the maintenance providers of Metro Rail Transit Line 3 (MRT-3), signaled interest in bidding for the contract to provide train sets and electrical and mechanical (E&M) systems for the Metro Manila subway project.
Imported car firms report slight sales drop in 2019
IMPORTED vehicle sales steadied in 2019 as the number of passenger cars and light commercial vehicles sold dipped only slightly compared with the previous year, according to the Association of Vehicle Importers and Distributors, Inc. (AVID).
3rd judge inhibits from PECO-MORE case
ANOTHER JUDGE at the Iloilo Regional Trial Court (RTC) has inhibited herself from the expropriation case filed by new player MORE Electric and Power Corp. (MORE Power) against Panay Electric Co., Inc. (PECO), citing ties with the latter’s owners.
Steven Tan named president of SM mall management unit
SM PRIME Holdings, Inc. has appointed Steven T. Tan as the new president of its mall management unit, Shopping Center Management Corp.
Art Fair PH 2020: Going beyond visual arts to attract more goers
FOR the 8th installment of Art Fair Philippines (AFP), the focus will be on the process of creating art.
Blind Bulgarian artist finds a way to keep painting
PLOVDIV, Bulgaria — Stamen Karamfilov bends low over a canvas, adding the finishing touches to a woodland landscape — no mean feat considering the Bulgarian artist is almost totally blind.
BDO sells majority stake in its leasing subsidiary
BDO UNIBANK, Inc. is selling its controlling stake in its publicly listed subsidiary BDO Leasing and Finance, Inc. (BDOLF), to a third party for about P5.451 billion as part of the restructuring of its leasing business.
Artist paints images of volcanic devastation using ash
TANAUAN — Ash from the rumbling Taal volcano has inspired an artist and instructor to paint watercolors using the gray powder that had covered the plants in her backyard.
Rediscount rates increased
RATES APPLICABLE for the central bank’s peso rediscount facility this month as well as dollar or yen-denominated loans have been increased after the adoption of a flexible term premium which was approved by the Monetary Board.