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Hosting the 2030 Asian Games

Following the Philippines’ successful hosting of the 30th Southeast Asian Games, the Philippine Olympic Committee announced its intention to bid for the 2030 Asian Games. Other countries vying for the hosting rights are Qatar, India, Thailand, Taiwan, and Uzbekistan. If successful, this would be the second time the Philippines would host the Asiad -- the first time being in 1954.

Peso may strengthen on US-China phase one deal

THE PESO may strengthen against the dollar this week on the back of better risk appetite as the market waits for the ceremonial signing of the phase one trade deal between the United States and China.

Filipino shoe brand Annie & Lori takes a step in British...

IT’S NOT every day that a Filipino brand makes it into the pages of British Vogue, but here we are, talking about Annie & Lori, a homegrown brand featured in this month’s issue, under the Designer Profile section.

FDI net inflows rise in October

FOREIGN direct investments (FDI) inflows rebounded in October, reversing seven months of decline, according to data from the Bangko Sentral ng Pilipinas (BSP) released late Friday.

Customs bureau fails to hit 2019 revenue target

THE Bureau of Customs (BoC) fell short of its target revenue collections for 2019 by nearly five percent, amid lower import volume and a stronger peso against the US dollar, its top officials reported on Friday.

3 airlines will help repatriate OFWs from the Middle East

THE country’s three major airlines — Cebu Pacific, Philippine Airlines, and Philippines AirAsia — have committed to help the government in the repatriation of Filipinos working and living in the countries in the Middle East that are affected by the Iran-United States conflict.

House to prioritize creation new departments of Water, Disaster Resilience, and...

THE House of Representatives will prioritize the passage of bills creating three departments when Congress reconvenes on Jan. 20, said House Speaker Alan Peter S. Cayetano.

Rice tariff collections breach target

NINE MONTHS into implementation of Rice Tariffication Law, tariff collections stood at P12.3 billion as of December last year, breaching the P10-billion target that will be allotted for agriculture development programs, according to the Department of Finance (DoF).

Price controls on medicine to hinder innovation in the sector

FITCH SOLUTIONS Macro Research flagged the Maximum Drug Retail Price (MDRP) scheme that aims to impose price controls on commonly-used drugs as a possible risk that will hinder pharmaceutical innovations in the future.

CPG aims to double commercial leasing portfolio

CENTURY Properties Group, Inc. (CPG) is targeting to more than double its commercial leasing portfolio this year.

AEV raises $400M from dollar-denominated bond offering

ABOITIZ Equity Ventures, Inc. (AEV) was able to raise $400 million from its maiden dollar-denominated bond offering, it told the stock exchange Friday.

Peso inches down on cautious trading ahead of US-China deal

THE PESO moved sideways on Friday as the market was on wait-and-see mode a week before the anticipated signing of the phase one deal between the world’s two biggest economies.

World Bank trims 2020 growth forecast amid slow recovery for trade,...

WASHINGTON -- The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the United States and China.

Philippines eyes more Japanese-funded infrastructure projects

THE Philippine government is eyeing more Japan-funded infrastructure projects this year, as the two countries eased the approval process of loan agreements in a bid to fast-track the implementation of infrastructure projects under the administration’s “Build, Build, Build” program.

With a greater online focus, AFC is now AFN

AFTER ALMOST a decade of serving food from the all over the region via cable TV, the Asian Food Channel has now shifted to a “digital-first approach” in order to support its three million-strong online community, hence the need to change its name to Asian Food Network (AFN), according to a channel executive.

Hollywood fears 2020 drop, with no Avengers Endgame or Frozen ahead

MOVIE TICKET sales are expected to fall again in 2020 without the full force of the Avengers to save them.

SEC warns against investing in Inochi rewards scheme

By Jenina P. Ibañez THE Securities and Exchange Commission (SEC) is warning the public against investing in a rewards program called Inochi/Inochi Rewards, which it...

SM Prime seeks to raise P100 billion from fixed rate bond...

SM Prime Holdings, Inc. has applied for the shelf registration of P100-billion debt securities with the Securities and Exchange Commission (SEC).

Bank of Thailand looking to ease capital outflow rules to curb...

THAILAND’S CENTRAL BANK will take further steps to ease restrictions on capital outflows in coming months as it tries to curb gains in the baht, Governor Veerathai Santiprabhob said.

Ghosn joins list of execs fighting extradition

OUSTED Nissan boss Carlos Ghosn says he fled to Lebanon last week to escape a “rigged” justice system in Japan, where he believed he would not get a fair trial.

China’s steadying inflation leaves door open for monetary easing

CHINA’S CONSUMER inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth.

Japan language firm eyes new businesses

A JAPANESE language school whose stock soared almost 12-fold last year is planning to expand into new businesses as its chief executive officer tries to keep the rally alive.

Clark airport new terminal seen operational by July

THE NEW passenger terminal of Clark International Airport, which is expected to increase the airport’s overall capacity to 12.2 million passengers yearly, is set to be operational by July, the Department of Transportation (DoTr) said.

Ilocos Sur cruise port now in use; formal inauguration this month

TRANSPORTATION Secretary Arthur P. Tugade said the newly-developed Salomague Cruise Port in Cabugao, Ilocos Sur, which serves as an alternate cruise port for Region I, will be formally launched this month.

Media 2020

As if to remind the Philippine press and media of the challenges they face during his troubling watch, President Rodrigo Duterte began the new year by urging the owners of ABS-CBN to sell the network. He had earlier threatened to make sure that the House of Representatives majority he controls doesn’t renew its franchise, which expires on March 30 this year. One of his accomplices in that House of ill-repute has in so many words assured him that they will do exactly that.

Siya nga: Reflections with art

“Words are windows that open us to mystery. Visual art that accompanies those words deepens the colors we see and brings us even closer to the wonder of it all,” remarked Father Jose Ramon “Jett” Villarin, SJ, on his new book, Siya Nga! This is a Filipino expression of wonder, of openness to possibilities. It is an epiphany and eureka!

US Senate condemns de Lima detention, drug war killings

THE US Senate has passed a resolution condemning the government of President Rodrigo R. Duterte for the wrongful detention of one of his staunchest critics, according to the US Congress website.

Catholics parade Black Nazarene in celebration of Christ

HUNDREDS of thousands of Roman Catholics in the Philippines walked barefoot on Thursday around a centuries-old black wooden statue of Jesus Christ believed to have healing powers, praying for good health and economic success in the new year.

Speculation rife over Brady’s future: Patriots or new team?

NEW ENGLAND -- Six-time Super Bowl champion Tom Brady looks poised to return in 2020 -- where he will play, however, has emerged as one of the NFL post-season’s biggest talking points.

NCAA Season 95 women’s volleyball begins today

WOMEN’S volleyball action in the National Collegiate Athletic Association (NCAA) begins today with defending champions Arellano Lady Chiefs headlining the opening-day proceedings against the Lyceum Lady Pirates.

Construction sector loses as much as 35% of costs to corruption...

THE CONSTRUCTION industry spends as much as 35% of its costs to pay corrupt officials, higher than its profit, according to a think tank.

January Meralco rates to go down

HOUSEHOLDS in Metro Manila can expect a decrease in their electricity bills in the first month of 2020, with typical households set to see a reduction of P82, the Philippine capital’s largest power distribution utility said on Wednesday.

Increase in Filipino data scientists seen amid firms’ demand

INFORMATION technology (IT) system management solutions provider ASG Technologies Group, Inc. sees an increase in the number of Filipino data scientists this year driven by the growing demand from enterprises.

Duterte’s water rants baffle, spook investors

A SHAREHOLDER of Maynilad Water Services, Inc. was at a loss as to what prompted President Rodrigo R. Duterte to resume his attacks on Metro Manila’s water concessionaires, after the company last year expressed its willingness to discuss new contract terms with the government.

Give up Facebook for a month and help economists fix gross...

WOULD you give up Facebook for one month in exchange for $50?

Arthaland targets to complete P60-B projects in two years

ARTHALAND Corp. is eyeing to complete P60-billion worth of projects within the next two years as it fills its pipeline with new development projects in Makati City, Cebu City and Biñan, Laguna.

Yields on term deposits decline on safe-haven demand amid concerns

YIELDS ON term deposits slipped on Wednesday on the back of higher bids as the central bank gave the market fresh signals it would ease monetary policy further this year and amid escalating geopolitical tensions in the Middle East, which may have caused investors to put their money in safer havens.

8 ways wine will change in 2020

WHAT A decade this has been for wine — both good and bad.

Goldman Sachs answers investor demands on consumer business

GOLDMAN SACHS Group, Inc. unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s efforts to get Goldman in line with rivals like JPMorgan Chase & Co. and Citigroup that have bigger consumer businesses and share more information with investors.

What happens when an airline opens a restaurant?

THE Mid Valley Megamall in Kuala Lumpur has more than 100 restaurants, cafés, and snack stands to meet every kind of craving. As of this month, that list includes a novel and seemingly quixotic option: Santan, a café that serves airplane food in cardboard boxes.

DoJ’s Guevarra urges water firms to accept ‘fair’ new contracts

JUSTICE SECRETARY Menardo I. Guevarra urged Metro Manila water concessionaires not to “play hardball” after President Rodrigo R. Duterte offered the service providers new agreements under threat of nationalization and possible plunder and fraud charges.

Sangley to be launched as general aviation hub in February

THE GOVERNMENT will inaugurate Sangley Airport in Cavite on Feb. 15, positioning it as the main hub for general aviation to decongest Metro Manila’s main gateway.

Budget dep’t says P1.9B ready for Filipinos’ transfer

THE Budget department on Wednesday said funds are in place for the evacuation of Filipinos in the Middle East amid ongoing tensions between the US and Iran.

Prosecutors to probe recruiter of dead Filipina in Kuwait

GOVERNMENT prosecutors will look at the possible liability of the recruiter of an Overseas Filipino Worker (OFW) who died in Kuwait, Justice Secretary Menardo I. Guevarra said on Wednesday.

Are we Good As Gone?

If some of our people have little regard for their own safety, can we still expect them to have any regard for the safety of the rest of us? Self-preservation is a natural instinct. And yet, with the way some of us conduct ourselves, this does not seem evident. And with this being the case, then maybe little to nothing can be expected from us with respect to the preservation of others.