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PHILIPPINE BANKS appear better positioned to weather the surge in soured loans than Southeast Asian peers, but sluggish economic growth could dampen the sector’s recovery this year, S&P Global Ratings said.
GERMAN tank builder Lipp GmbH has tied up with a subsidiary of Metro Pacific Investment Corp. (MPIC) to build two industrial-scale biogas plants in Mindanao that will use farm waste to produce clean energy.
RESTAURANT bookings normally go crazy when a chef wins three Michelin stars.
VIENNA/NEW YORK CITY — Austria plans to let cafe and restaurant terraces reopen this month in a further loosening of its coronavirus lockdown that will get an early start in a small Alpine province because of its lower infection rate, the government said on Monday.
THE Bangko Sentral ng Pilipinas (BSP) has started asking banks and other concerned parties for their feedback on the draft guidelines of the law that would allow financial institutions to offload soured assets through asset management companies.
INTEL CORP. was told to pay VLSI Technology LLC $2.18 billion by a federal jury in Texas after losing a patent-infringement trial over technology related to chip-making, one of the largest patent-damages award in US history. Intel pledged to appeal.
THE Davao City Chamber of Commerce and Industry, Inc. and e-commerce platform Lazada have teamed up to help local businesses through digitalization.
THE LOCAL Food and Drug Administration (FDA) has yet to start evaluating Sinopharm Group Co. Ltd.’s application for the emergency use of its coronavirus vaccine, according to the regulator.
THE PHILIPPINES on Tuesday sought the immediate release of Myanmar leader Aung San Suu Kyi after the military declared a coup last month.
With the government starting to vaccinate people against coronavirus disease 2019 (COVID-19) this week, Trade Secretary Ramon M. Lopez said the economy could return to pre-pandemic levels earlier than 2023. That is, if the government can also help businesses find ways to go about their affairs despite existing quarantine restrictions in the meantime.
IN MANY WAYS, the tailored advertising that supports much of the internet works pretty well. It helps people with money figure out where to spend it with minimal effort and waste. But I’m afraid it could lead to the extinction of a certain kind of human: the informed consumer.
KEMBA Walker scored 25 points and the Boston Celtics held on to defeat the visiting Los Angeles (LA) Clippers (117-112) on Tuesday night.
LONDON — A highly transmissible COVID-19 variant that emerged in Brazil and has now been found in at least 20 countries can re-infect people who previously recovered from the disease, scientists said on Tuesday.
TWO-THIRDS of Philippine employers are planning to buy coronavirus disease 2019 (COVID-19) vaccines for their workforce, a survey from global advisory firm Willis Towers Watson and the People Management Association of the Philippines found.
ORTIGAS Malls is pushing through with the fourth year of the Ortigas Art Festival, both on-site and virtually until Mar. 31. The onsite venue is the East Wing of Estancia at Capitol Commons, Pasig City.
AFTER being closed to the public since the start of the coronavirus disease 2019 (COVID-19) pandemic lockdowns in 2020, the National Museum of the Philippines’ three component parts — the National Museum of Fine Arts, the National Museum of Anthropology, and the National Museum of Natural History — will be welcoming visitors again beginning March 2, albeit with many restrictions and regulations. Also opening are the National Library and the San Agustin Museum in Intramuros.
THE all-digital banking app Diskartech owned by Rizal Commercial Banking Corp. (RCBC) has seen an increase in deposit transactions as more clients continue to join the platform.
BDO LEASING and Finance, Inc. (BDOLF) registered a higher net profit last year despite booking lower revenues on the back of decreased funding costs.
THE GOVERNMENT is seeking bids from Japanese suppliers for the contract to supply train sets for the Malolos-Clark Railway Project and the North-South Railway Project-South Commuter line.
CHINESE drug maker Sinopharm Group Co., Ltd. has applied for an emergency use authorization (EUA) for its coronavirus vaccine in the Philippines, according to the Food and Drug Administration (FDA).
A GROUP representing the families of political prisoners has asked the government to include about 215,000 inmates in the country’s crowded jails among the most vulnerable people who should get vaccinated against the coronavirus.
In the book Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu and James A. Robinson, the authors argue that the prosperity of a nation is not primarily based on geography, climate, or culture. The authors, rather, point to the existence of inclusive political and economic institutions, as opposed to extractive institutions, as the primary aspect that will foster the prosperity of a nation.
MEMBERS of the banking community and the diplomatic corps, esteemed leaders and partners from the public and private sectors, colleagues from the Bangko Sentral ng Pilipinas (BSP), good afternoon.
LONDON — The Pfizer and AstraZeneca vaccines are more than 80% effective at preventing hospitalizations from COVID-19 in those over 80 after one dose of either shot, Public Health England (PHE) said on Monday, citing a pre-print study.
SYDNEY — Boeing Co. and the Royal Australian Air Force (RAAF) said on Tuesday they had completed the first flight test on a pilotless fighter-like jet designed to operate in conjunction with crewed aircraft.
FITNESS start-up FlexBox was born amid the pandemic, but it is not stopping it from seeing its vision of elevating how personal training service is done in the country.
TOKYO — Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering coronavirus disease 2019 (COVID-19) pandemic blow.
LOS ANGELES — Netflix, Inc. outpaced competitors in hiring women to direct feature films but Latin-American and Asian actors were underrepresented in leading TV roles, according to a study commissioned by the streaming service and released on Friday.