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Yields on gov’t debt drop on dovish Fed, BSP meet

YIELDS ON government securities went down last week due to dovish remarks from the US Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) decision to stand pat on policy and slash its inflation forecasts.

Peso to rise further on US-China

THE PESO will likely strengthen against the dollar this week, as market players await the trade meeting between the United States and China.

Auto Asia brings SsangYong and Changan brands under one roof

A BRAND-NEW retail concept brings two Asian brands under one roof to serve customers who seek vehicles whether it’s for business or pleasure: Auto Asia. With the Auto Asia retail concept, Korean SUV specialist SsangYong and one of the largest Chinese auto brands, Changan, join together to offer customers a wide product line that covers more than 40% of the local market by model.

Redefining the hatchback and sedan — An interview with the chief...

A VISIT last week to Mazda’s home proving ground in Mine, an hour’s coach ride from Fukuoka City in Japan, brought me face to face with the young and fashionable designer of the all-new 2020 Mazda3.

Angat Dam level could further drop this week

ANGAT DAM’S water level could breach its lowest level recorded at 157.57 meters this week.

Baguio to get help from Metro Manila, Davao City for traffic...

BAGUIO CITY Mayor-elect Benjamin B. Magalong said over the weekend that “a team of experts” from Metro Manila and Davao City will help set up a command center for managing traffic congestion in the popular mountain destination.

Back nine 28 helps Reavie to 6-shot lead at Travelers

CONNECTICUT -- A blistering seven-under-par 28 for the back nine saw Chez Reavie romp to a six-stroke lead in the third round of the Travelers Championship in Connecticut on Saturday.

Game-winning deuce gives VetHealth-Delhi Chooks-to-Go Patriot’s Cup 3×3 second-leg title

FIELDING a complete lineup, VetHealth-Delhi 3BL took down the second leg of the 2019 Chooks-to-Go Pilipinas 3x3 Patriot’s Cup presented by Coca-Cola.

Outlook for PHL banks still stable

THE local banking industry will continue to benefit from robust economic growth of the Philippines, debt watchers Moody’s Investors Service and S&P Global Ratings said.

Globe launches first 5G service in Southeast Asia

MANILA — Globe Telecom Inc on Thursday launched Southeast Asia’s first 5G broadband service, with embattled Huawei Technologies Co Ltd. providing the equipment, a win for the Chinese firm despite cybersecurity worries from Western nations.

Locsin: PHL, China to conduct separate inquiries on boat sinking

By Charmaine A. Tadalan, Reporter THE Philippines and China will conduct separate inquiries on the June 9 sinking of a Filipino boat near Recto Bank...

DICT presents alternative automated election system

THE Department of Information and Communications Technology (DICT) on Friday presented its proposed alternative automated election system, aimed at improving transparency.

Duterte to woo Thai businessmen at ASEAN Summit

PRESIDENT Rodrigo R. Duterte is set to meet with Thai business leaders on the sidelines of the 34th Association of Southeast Asian Nations (ASEAN) Summit in Bangkok and invite them to do business in the Philippines, Trade Secretary Ramon M. Lopez said on Friday.

US-China tensions to push ASEAN to fast-track RCEP

THE TRADE WAR between the United States and China will compel member-states of the Association of Southeast Asian Nations (ASEAN) to fast-track negotiations on the Regional Comprehensive Economic Partnership (RCEP) in order to “isolate” the region from the impact of the tensions, Trade Secretary Ramon M. Lopez said on Friday.

Del Monte swings to profit

DEL MONTE Pacific Limited (DMPL) swung to profitability in its fiscal year 2019, even as sales fell due to its divestment from its Sager Creek business in the US.

FLI completes payment of P7-B in bonds

FILINVEST Land, Inc. (FLI) has paid off its P7-billion bonds earlier this month, it told the stock exchange on Friday.

Peso strengthens to one-year peak

THE PESO strengthened further against the dollar on Friday to hit a one-year high after the central bank kept interest rates unchanged.

Gross revenue across key industries up 8.1% in Q1

REVENUE across all industries grew in the first quarter of 2019 as stronger sales were reported across key industries, the Philippine Statistics Authority (PSA) reported yesterday.

SEC tweaks rule on REIT property manager

THE Securities and Exchange Commission (SEC) has proposed to amend rules covering the property manager of a real estate investment trust (REIT), in time for the issuance of such a product within the year.

E-cigarette maker Juul enters Philippine market

SAN FRANCISCO-BASED e-cigarette company, Juul Labs Inc. partnered with the subsidiary of JG Summit Holdings, Inc. to enter the Philippine market, as part of its plans to expand operations in the Asia-Pacific region.

ALV Films releases 2nd film in ambitious 12-film line-up

ALV Films’ second film for the year, Because I Love You, is a Cinderella story about a feisty, street-smart firefighter who falls in love with a wealthy heir. It opens in cinemas nationwide on June 26.

The Net Group chairman quits company’s units

THE chairman and co-founder of property developer The Net Group (TNG), which is now controlled by the SM group, announced his “immediate and irrevocable” resignation from posts he held at the company’s land and building units.

Palace approves TESDA technical skills dev’t plan

PRESIDENT Rodrigo R. Duterte has signed an executive order “approving and adopting” the National Technical Education and Skills Development Plan (NTESDP) 2018-2019 prepared by the Technical Education and Skills Development Authority (TESDA).

AsiaPop Comicon cancelled

THE 2019 AsiaPop Comicon Manila (APCC) which was scheduled for Aug. 2 to 4 at the SMX Convention Center in Pasay City has been cancelled due to scheduling conflicts, a statement from the company said.

Online hiring rises 11% in Q1 led by HR — Monster

JOB RECRUITMENT site Monster.com said online hiring activity in the Philippines increased 11% year-on-year, with each of the first three months posting successive month-on-month gains.

Markets see long fight ahead as ECB battles low inflation

LONDON — Mario Draghi’s dramatic Tuesday hints of further monetary easing by the European Central Bank have stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic stagnation.

IC requires adjusters to get APAC, PILA endorsement

THE INSURANCE Commission (IC) is now requiring new insurance adjusters to secure endorsement from two associations related to the industry.

Gov’t disbursements decline in first 5 months after budget delay

FUNDING releases backed by Notices of Cash Allocation (NCAs) fell 13.48% to P1.136 trillion in the first five months, the Department of Budget and Management (DBM) said.

DoTr to increase penalties for airport slot misuse

THE Department of Transportation (DoTr) said it will increase the penalties on airlines that “misuse” their airport takeoff and landing slots in a bid to decongest Ninoy Aquino International Airport, (NAIA) the country’s main gateway.

In his own words

Had it not been for that “incident” near the Recto Bank in the West Philippine Sea, the 121st anniversary of Philippine independence would have come and gone like any other holiday whose significance escapes many Filipinos.

Teaching love

The problem here is not the failure to communicate but the refusal to communicate. There are many good reasons to uphold that there is a male-female distinction, that gender is synced with sex, and that marriage is between one man and one woman. Yet those reasons are not being heard.

Embassy in Libya to repatriate more OFWs

THE PHILIPPINE Embassy in Libya will send home another batch of Filipino migrants affected by the fighting in Tripoli, bringing the total repatriated overseas to 84.

CoA flags DoJ’s travel bills

THE Commission on Audit (CoA) said the Department of Justice (DoJ) claimed a “huge amount of traveling expenses” abroad in 2018 amounting to P7.8 million.

SBP sees competitive youth team in Under-19 World Cup

BELIEVING that it has assembled a competitive team for the FIBA Under-19 World Cup, the Samahang Basketbol ng Pilipinas (SBP) said it expects Gilas Youth to make waves in the tournament which begins next week in Greece.

Aston Palicte laments title fight stoppage but accepts decision

FILIPINO fighter Aston “Mighty” Palicte fell short in his bid for the World Boxing Organization super flyweight title after absorbing a stoppage loss in the 10th round of his championship fight with Japanese Kazuto Ioka on Wednesday night in Chiba, Japan.

May marks 7th straight month of BoP surplus

THE country’s balance of payments (BoP) registered a surplus for the seventh consecutive month due to inflows from the central bank’s foreign exchange operations and income from its investments abroad that were partially offset by state foreign debt payments, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

REIT rules to be released by July

THE Securities and Exchange Commission (SEC) said it can release guidelines on the issuance of real estate investment trusts (REITs) as early as July, without changing the minimum public ownership (MPO) requirement.

DTI, DICT tap blockchain firm

MONSOON Blockchain Storage, Inc. has partnered with two government agencies to provide support and consultancy services on how to leverage blockchain technology in various areas of operations.

MPIC eyes $2-billion valuation in hospital subsidiary stake sale

MANILA — Philippines’ Metro Pacific Investments Corp. (MPIC) expects its hospital unit to be valued at $2 billion as it sells a minority stake in the health care group, its chairman said on Wednesday.

Facebook reveals plans for Libra cryptocurrency, with lofty goals

SAN FRANCISCO/NEW YORK -- Facebook Inc. revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

The 9 Rules of picking wines for weddings and big parties

WHY ARE wines served at most weddings so bad? At the last one I attended, I ditched both the red and white and sipped a watery cocktail instead. It doesn’t have to be that way.

Advertisers, agencies combine to tackle online threat

LONDON -- Sixteen of the world’s biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google’s YouTube to do more to tackle dangerous and fake content online.

Belgian monks enter internet age to sell prized beer

WESTVLETEREN, Belgium — Belgian Trappist monks who brew one of the world’s most coveted beers are turning to online sales to ensure their limited supply goes directly to beer lovers rather than to profiteers.

Demand for term deposits climbs ahead of BSP meet

BANKS’ DEMAND for term deposits increased on Wednesday ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy review today.

Robinsons Bank to raise P5 billion via bonds

ROBINSONS BANK Corp. is set to raise up to P5 billion in two-year fixed-rate bonds in July to support lending growth.