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DTI recommends closure of Boracay ‘in phases’

THE DEPARTMENT of Trade and Industry (DTI) has formally recommended to the Office of the President that the closure of Boracay “can be done...

Senators follow up PHL’s MoU with Kuwait

LAWMAKERS HAVE added their voice to the call to strengthen the Philippines’ relationship with Kuwait in connection with the protection of overseas Filipino workers...

Swiss firms invited to invest in PHL ahead of negative list...

THE DEPARTMENT of Finance (DoF) has invited Swiss businesses to set up shop in the Philippines, citing its attractive and growing consumer market, as...

MPIC unit to submit proposal for Cavite toll road next month

CAVITE Infrastructure Corp. (CIC) said it will submit next month to the government a formal proposal for the “Segment 5” project linking the Manila-Cavite...

Executive privilege shields President Duterte from inquiries

Joel Ruiz Butuyan wrote in his Inquirer column of March 5: “Malacañang has not explained what the Philippines stands to gain in the President’s...

Should there be ‘independent directors’ in the GOCC sector?

While I was the incumbent Chair of the Governance Commission for GOCCs (GCG), I had a short conversation with Securities and Exchange Commission (SEC)...

Peso climbs on continued inflows

THE PESO strengthened against the dollar on Monday as inflows continued to support the currency. The local unit ended yesterday’s session at P52.035 versus the...

China, Vietnam agree maritime row should be settled through talks

HANOI -- Chinese Foreign Minister Wang Yi said on Sunday China and Vietnam should settle their disputes in the South China Sea through talks...

Thai editor could face charges over picture of kings wearing masks

BANGKOK -- A Thai editor faces possible criminal charges for sharing a student’s “disrespectful” picture of historic kings wearing face masks to highlight air...

Home of new-age sports in PHL rises in Imus, Cavite

By Michael Angelo S. Murillo Senior Reporter STAYING true to its vision of creating value in every property it develops, Ayala Land, Inc. (ALI) recently unveiled...

SM Skating MOA to host Ice Hockey Challenge Cup of Asia...

THE Philippines will host the 2018 Challenge Cup of Asia from April 3-8 at the SM Skating Mall of Asia in Pasay City. This...

Central bank unfazed by pace of price pickup

THERE IS STILL NO NEED to raise policy rates in the Philippines despite rising inflation pressures, a senior central bank official said, noting that...

Corporate regulator eases financial reporting rules for small businesses

THE SECURITIES and Exchange Commission (SEC) has eased financial reporting requirements for small businesses as part of a continuing government effort to facilitate entrepreneurship. “The...

Philippine companies should invest more in security, says Blackpanda CEO

By Krista A. M. Montealegre, National Correspondent IF THE GUNMAN in the deadly attack at the Resorts World Manila had walked into another establishment that fateful...

Thyssenkrupp AG pegs growth hopes on PHL infrastructure program

INDUSTRIAL engineering firm Thyssenkrupp AG targets to book around $50 million to $100 million in revenues from its Philippine operations this year, banking on...

China still considering curbs on US soybean imports, association says

BEIJING -- China is still considering import curbs on US soybeans in retaliation for moves by Washington to impose trade tariffs, US Soybean Export...

Facial clinic branches out, opens manufacturing facility products

OWING TO their almost two-decades of expertise as owners of facial clinic brand Skin Perfect, Pierre Go Ching and Sheila Ong Ching have decided...

Debt yields consolidate

YIELDS on government securities moved sideways in the shortened trading week as the market remained in a “consolidating phase” at the close of the...

Summer beauty

By Zsarlene B. Chua Reporter HOT SUMMER days loom which means it’s time to bust out the waterproof makeup and skin care products that can withstand...

Bats give French winegrowers a helping hand in moth war

HUNGRY MOTHS are the bane of French wine growers’ lives due to their ferocious ability to feast on vines, but producers have discovered an...

The Crucifixion

The crucifixion of Jesus Christ has an immediate relevance to present-day Philippines -- the war on drugs, criminality, terrorism, and killings. Why was Jesus crucified?...

Kim Jong Un: Madman or genius?

It’s an Easter miracle! Kim Jung Un’s visit to President Xi Jin Ping and Kim’s pledge to “de-nuclearize” was an Easter treat. It lifted...

Rules clarifying REITs’ VAT status out; public ownership unresolved

THE GOVERNMENT has released three new implementing regulations in connection with the Tax Reform for Acceleration (TRAIN) law, including the tax treatment of properties...

WTO review cites PHL performance on trade, fisheries, MSMEs

THE World Trade Organization (WTO) fifth policy review of the Philippines concluded with members noting the strides the country has made in growing its...

Azkals: Creating history

By Michael Angelo S. Murillo Senior Reporter THE PHILIPPINE national men’s football team created history last week when it barged into the AFC Asian Cup for...

Wall, Wizards book spot in playoffs; Heat halted

LOS ANGELES -- John Wall made a successful return with a 15-point and 14-assist performance as the Washington Wizards defeated the Charlotte Hornets, 107-93,...

PDP-Laban’s Senate slate being finalized

By Camille A. Aguinaldo SENATE PRESIDENT Aquilino L. Pimentel III said the senatorial slate of the ruling Partido Demokratiko Pilipino-Lakas ng Bayan (PDP Laban) for...

Guidelines issued on minors in entertainment

THE Department of Labor and Employment (DoLE) on Sunday, April 1, announced the amended rules on the hiring of minors in public entertainment. The rules...

Peso seen weakening

THE PESO is seen to weaken against the dollar this week on the back of upbeat US economic reports and hawkish expectations on the...

Hong Kong Catholics told to make leap of faith

HONG KONG -- A looming deal between the Vatican and China is causing divisions between the Church hierarchy and Catholics in Hong Kong, which...

India’s electronics ministry considers duties on key smartphone component

MUMBAI/NEW DELHI -- India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in...

Money supply growth picks up in February

GROWTH of money supply picked up in February as bank lending grew by nearly a fifth, the Bangko Sentral ng Pilipinas (BSP) reported on...

Excise tax take surges, beats target on increased rates

EXCISE TAX collections surged by nearly three-fourths in the first two months of the year, driven by bigger taxes on cars, tobacco, alcohol and...

Office of Special Prosecutor files motion to block Napoles’ custody under...

By Minde Nyl R. dela Cruz THE Office of the Special Prosecutor (OSP) has moved to oppose for lack of merit a motion by alleged...

FCDU loans up in 2017

FOREIGN CURRENCY loans granted by Philippine banks went up in 2017, latest central bank data showed, with bigger credit lines extended to logistics and...

NFA to conduct open tender for 250,000 MT rice shipment

THE National Food Authority (NFA) said that it is preparing for an open tender to select suppliers for a pre-approved shipment of 250,000 metric...

Duterte: Peddlers of fake medicines to be charged with economic sabotage

By Arjay L. Balinbin PRESIDENT Rodrigo R. Duterte has ordered Philippine National Police (PNP) Chief Director-General Ronald M. dela Rosa to arrest all persons “who...

DTI says tax reform impact minor as mispricing incidents rise

THE Department of Trade and Industry (DTI) said tax reform is being used by vendors as a pretext to raise prices beyond authorized levels,...

ABS-CBN targets 6 million TVplus boxes sold by 2018

By Arra B. Francia, Reporter ABS-CBN Corp. looks to end 2018 with at least six million TVplus boxes sold, in a bid to expand coverage...

3 ride-sharing firms apply for LTFRB accreditation

By Patrizia Paola C. Marcelo, Reporter THE LAND Transportation Franchising and Regulatory Board (LTFRB) is currently processing the applications of three transport network companies (TNCs),...

First Gen still keen on run-of-river hydro projects

By Victor V. Saulon, Sub-Editor FIRST GEN Corp. is not giving up on its plan to build run-of-river hydroelectric power plants as the Lopez-led company...

Peso climbs on profit taking

THE PESO strengthened against the dollar on Wednesday on the back of profit taking ahead of the Holy Week break. The local currency ended the...

Gov’t to borrow P325B locally in second quarter

THE GOVERNMENT is set to borrow P325 billion from the domestic market next quarter through auctions of securities, the Bureau of the Treasury (BTr)...

US wants China to cut auto tariffs, buy more chips

WASHINGTON/BEIJING -- Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and...

Solar energy solutions eyed for small buildings

By Victor V. Saulon, Sub-Editor A NONPROFIT organization has teamed up with a Dutch solar company and a German development institution to promote access to...