Britain, Germany push G7 to suspend biofuel mandates

LONDON — Officials from some G7 countries, including Germany and the UK, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet this week, three people familiar with the matter told Reuters.

Yields on government debt mixed after BSP decision

YIELDS on government securities (GS) ended mixed after moving sideways last week after the Bangko Sentral ng Pilipinas (BSP) raised borrowing costs by another quarter percentage point, as expected, to contain soaring inflation.

Shop and fly and vice versa

THE SM Advantage Card (SMAC) program and Philippine Airlines’ (PAL) Mabuhay Miles loyalty program will give frequent flyers and shoppers a new deal.

PSEi to rise on bargain hunting, window dressing

PHILIPPINE STOCKS may rise on bargain hunting in the coming days after three weeks of decline as well as month-end window dressing, but sentiment is expected to remain week due to lingering economic concerns here and abroad.

Berlin calls for new shipment routes for Ukraine grain exports

BERLIN — Setting up reliable transport routes for grain from Ukraine is a top priority to prevent a global food crisis and will be a leading topic at a conference on the supply strains on Friday, German Foreign Minister Annalena Baerbock said.

SpaceX launch of PHL operations expected to be delayed past June

THE LAUNCH of the first gateway connecting the Philippines with the Space Exploration Technologies Corp. (SpaceX) satellite network has been delayed beyond June, with the company yet to firm up the site for its gateway, the Department of Trade and Industry (DTI) said. 

Gatchalian calls debt management higher priority than fuel excise freeze

A SENATOR tipped to chair the chamber’s Ways and Means Committee in the 19th Congress said he considers sovereign debt management more important than revenue-eroding measures like a suspension of fuel excise taxes, which would impair government efforts to reduce such debt.

NIA may open 50 irrigation projects to PPP

THE National Irrigation Authority (NIA) said it has prepared a list of 50 projects that may be opened up to public-private partnerships (PPPs), including hydropower and floating solar power facilities. 

All eyes on Marcos as ICC drug probe reboot eyed

ALL EYES are on incoming President Ferdinand R. Marcos, Jr. and his commitment to human rights after a request by the International Criminal Court (ICC) prosecutor to resume the investigation into alleged crimes against humanity by his predecessor in the Philippine government’s war on drugs, political analysts said at the weekend.

AFP spokesman to head Marcos Jr.’s Presidential Security Group

PRESIDENT-ELECT Ferdinand R. Marcos, Jr. has chosen a military spokesman as the head of the Presidential Security Group (PSG), according to the Armed Forces of the Philippines (AFP) Public Affairs Office.

Time for Philippines to proceed with Reed Bank oil exploration — solon 

THE SUSPENSION of drilling activities in the Reed Bank, locally known as Recto Bank, should be lifted now that negotiations for a supposed joint exploration between Manila and Beijing has been terminated, a lawmaker said on Sunday. 

Continuing transformative fiscal reforms

By AJ Montesa
President-elect Ferdinand Marcos, Jr.’s Cabinet is still incomplete, with mere days remaining until his official inauguration. As of this writing, notable vacancies include Health and Energy, while Marcos has himself taken up the challenge of being Agriculture Secretary.
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