Home Tags Featured2

Tag: Featured2

Decline in Asia dollar bond sales to spill into 2019 on...

ASIA’S dollar bond sales are set to end 2018 with a whimper after a sizzling start. Next year’s prospects may prove dimmer, bankers and investors say.

Businesses issue urgent call to build new power plants

THE Federation of Philippine Industries (FPI) has called for the “immediate” construction of new power plants to ensure ample long-term supply of electricity while the government embarks on its massive infrastructure program.

Philippines, Japan sign loan deal for New Bohol Airport expansion

THE PHILIPPINE and Japanese governments signed on Monday the supplemental loan agreement for the ongoing New Bohol Airport expansion project on Panglao Island.

Is there a silver lining to the gloom and doom?

Filipinos are being destabilized by all kinds of risks -- political, safety and security, economic and external. It’s not that we’re new to it but we’ve never been through all that’s happening at the same time in rising intensity, real or imagined. What am I referring to? Hang on to your seats as I run through my list.

Where’s the ‘local’ in federal?

“All politics is local,” so the saying goes. This may give the impression that only the distribution of local goods and services matter to the regular voter. However, the person this is attributed to, the late American Speaker of the House Thomas Philip “Tip” O’Neill, was animated by a larger world view -- appealing to local concerns in order to advance a national economic policy agenda.

Special Assistant: Spokesman on leave

PRESIDENTIAL SPOKESPERSON Harry L. Roque, Jr. has gone on leave beginning Monday, Oct. 8, according to his office.

Malls to adjust opening hours

MALLS are expected to open at 11:00 a.m. starting Nov. 5 until Jan. 14 next year, according to the Metro Manila Development Authority (MMDA).

Brewers sweep Rockies

JESUS Aguilar, Orlando Arcia and, Keon Broxton homered, and the Milwaukee Brewers beat the Colorado Rockies 6-0 in Game 3 on Sunday in Denver to sweep the National League Division Series (NLDS).

Acuña’s slam helps Braves edge Dodgers, extend NLDS

FREDDIE Freeman hit a tiebreaking homer leading off the sixth inning after the Los Angeles Dodgers had come back from a five-run deficit, and the host Atlanta Braves stayed alive in the National League Division Series (NLDS) with a 6-5 victory in Game 3 on Sunday night.

AMRO adds to expectations of PHL growth slowdown as price hikes...

A REGIONAL research group has slashed its growth forecast for the Philippines, noting that surging inflation and consumer pessimism will likely weigh on household spending and dampen overall expansion.

WB readies $300-M loan to improve gov’t revenue, spending efficiency

THE WORLD BANK is preparing a $300-million loan for the government designed to improve revenue and spending efficiency.

Ayala Land eyes fund-raising in early 2019

AYALA LAND, Inc. (ALI) is planning to register another P50 billion under the Securities and Exchange Commission (SEC)’s shelf registration program, allowing the company to raise money from the issuance of fixed securities in the next three years.

Chelsea Logistics allocates over $100M for fleet expansion

CHELSEA LOGISTICS Holdings Corp. (CLC) is allocating more than $100 million for the expansion of its fleet as it expects six passenger vessels to be delivered in the next three years.

Coffee industry should emulate wine, not soda

NEW YORK -- Persistently low coffee prices for producers across the globe are a serious threat to the commodity, said the chairman of Italian premium coffee maker illycaffe SpA, who expects prices to begin taking a toll on production in coming years.

Uniqlo Manila is biggest flagship store in SE Asia

A GUEST gets overwhelmed by the perfectly folded shirts on display. It takes five minutes to decide which to buy among the six available colors of the round neck shirt. The chosen color is tossed into a shopping bag (along with five other staple pieces in neutral colors). The possibility of sharing the same outfit with everyone else is no problem thanks to its design versatility and function.

Infrastructure, connectivity issues impeding PHL e-payments growth

DIGITAL PAYMENTS remain pivotal in financial inclusion, industry players said, as physical and cultural issues are seen to be key barriers in serving the unbanked sector.

Durian’s next incarnation might be wine

DAVAO CITY -- Durian -- the funky-smelling, strong-tasting fruit that people either love or hate -- has been developed into many processed forms, including sweets, ice cream, and flavored coffee.

This year’s HABI fair includes ASEAN weavers and indigenous fabrics

SOME of the finest examples of Philippine-made textile products take center stage at this year’s HABI trade fair. The three-day trade event pays tribute to the country’s traditional weavers who hail from communities supported by HABI. Their unique skills were given tremendous exposure during the previous fairs and this expertise has since become a viable source of income for them. “Woven Voyages: 8th Likhang Habi Textile Fair 2018” will take place at the Activity Area of the Glorietta Mall in Ayala Center, Makati City on Oct. 12 to 14. It is open to the public.

Peso to weaken on hawkish Fed

THE PESO is seen to weaken further this week as likely mixed US data and hawkish Federal Reserve officials may boost the attractiveness of the greenback.

Issues with Dalian trains delaying new MRT-3 maintenance agreement

THE Department of Transportation (DoTr) said issues with Chinese commuter trains ordered from CRRC Dalian Co trains are delaying the signing of maintenance deal with Sumitomo Corp. and Mitsubishi Heavy Industries, Ltd. (Sumitomo-MHI) for Metro Rail Transit Line 3 (MRT-3).

ASEAN+3 think tank flags financial stress levels in the Philippines

THE PHILIPPINES is among the main sources of “financial stress” within the Association of Southeast Asian Nations (ASEAN), which became elevated in early 2018, although still below historical levels.

Toxic Bertiz

Public outrage filled all social media platforms last week as footage of party-list Congressman, John Bertiz, went viral showing him belligerently refusing to follow airport security protocols and berating a member of the security staff in the process.

Scare tactics on the young

Never Again! It has been branded in the hearts of those who experienced martial law that never again should Filipinos have to bear the killings, torture, plunder and other transgressions of human rights by a dictator and his politicized military. And the younger generations must know about these, and know all in truth -- not in the revisionist telling of inveterate liars, who have benefitted from martial law, changed loyalties to succeeding democratic leaders, and are now changing coats again, back to dictator-type governance.

UP survives NU in thriller

THE University of the Philippines Fighting Maroons compounded on the woes of the National University Bulldogs in UAAP Season 81, surviving, 89-88, in league action on Sunday at the Smart Araneta Coliseum.

Filipino athletes begin campaign at 2018 Youth Olympics in Buenos Aires

SEVEN Filipino athletes, led by double Asian Games gold winner Yuka Saso, begin their campaign in the 2018 Youth Olympic Games in Buenos Aires, Argentina, with hopes of improving on the country’s performance last time around and bring further sporting pride.

AFP chief: War with MILF ‘finally over’

ARMED FORCES of the Philippines (AFP) Chief of Staff General Carlito G. Galvez, Jr. officially announced the end of armed conflict between the military and the Moro Islamic Liberation Front (MILF) on Saturday, Oct. 6.

Jeepney modernization hearing set Monday

THE SENATE on Monday will resume its inquiry into the Department of Transportation’s (DoTr) jeepney modernization program to thresh out issues that continue to hound the project, such as the insufficient government subsidy to jeepney drivers for upgraded vehicles.

August factory output growth slows

MANUFACTURING output continued to expand in August albeit at a slower pace compared to a month earlier, the Philippine Statistics Authority (PSA) reported last Friday.

Gross international reserves falls to 7-year low

GROSS international reserves (GIR) dropped anew to a seven-year low in September amid lower gold valuations and as the central bank used the stash to defend the currency.

Roque mulls resignation after President confirms hospital visit

PRESIDENTIAL SPOKESPERSON Harry L. Roque, Jr. said on Friday that he is considering resigning after he was “taken aback” by the confirmation of a hospital visit by President Rodrigo R. Duterte last Wednesday, which he said he did not know about.

Retiring army chief Bautista to head DSWD

PRESIDENT RODRIGO R. Duterte announced last Thursday that he is set to appoint retiring Army Commanding General Rolando Joselito “Rolly” D. Bautista as secretary of the Department of Social Welfare and Development (DSWD).

Pre-bid conference for rice importation draws 12 companies

TWELVE companies participated in the pre-bid conference for the importation 250,000 metric tons of 25% broken well-milled long grain white rice for the National Food Authority on Friday.

PSA opts for competitive bidding for National ID system

THE government will pursue competitive bidding for the national ID system, with the pilot registration pushed back to next year.

Century Properties sells P2B vacation homes in Nasugbu

CENTURY Properties Group, Inc. (CPG) has pre-sold 342 vacation homes worth P2 billion in its residential tourism estate in Nasugbu, Batangas, more than nine months after it was unveiled to the market.

Lazada opens first hub in Davao

E-COMMERCE site Lazada Philippines on Wednesday opened its first warehouse in Davao City — its third warehouse in the country — which is expected to speed up the delivery of items to online customers in the area.

CLI secures P3-B loan from DBP

THE Development Bank of the Philippines (DBP) extended a P3-billion loan to a Cebu-based contractor planning to build a commercial center in Mandaue City.

Peso rebounds on lower-than-expected inflation

THE peso recovered on Friday as market players reacted to a lower-than-expected inflation reading for September, which helped ease negative sentiment towards the local currency.

BSP says risks are ‘growing pains’

THE PHILIPPINES has ample policy space to respond to persistent threats of surging inflation, a weaker peso and a growing trade gap, a senior central bank official said, describing such concerns as “growing pains” for the economy.

Investors glum on Asia sovereign bonds as dollar, oil prices bite

ON TRACK for their first annual drop since 2015, emerging Asia’s sovereign bonds look set to call time on a two-year binge fueled by a tide of cheap money.

Twitter launches global in-stream video ads, partners with ABS, GMA

TWITTER, INC. announced on Thursday it is making its in-stream video advertisements available globally and has forged partnerships with local companies ABS-CBN Corp. and GMA Network, Inc.

Alsons offers ancillary services to NGCP to boost Mindanao supply

ALSONS Consolidated Resources, Inc. said on Thursday its power group’s diesel plant in Sarangani had offered to provide ancillary services amounting to 55 megawatts (MW) to privately owned grid operator National Grid Corporation of the Philippines (NGCP) to help stabilize power supply in south-central Mindanao.

Advanced comedy by Lynn Ruth Miller

CONSIDERED one of the oldest female stand-up comedians in the world, Lynn Ruth Miller, hauls her brand of comedy over to the Philippine capital for a two-night show on Oct. 18 at the Relik Bar in Bonifacio Global City in Taguig, and Oct. 19 at the Union Jack Tavern in Makati City.

Chinese movie star Fan Bingbing hit with huge tax evasion fines

BEIJING — China has ordered A-list movie star Fan Bingbing to pay about 884 million yuan ($129 million) in overdue taxes and fines, state news agency Xinhua said on Wednesday, as a crackdown on tax evasion in the entertainment industry gathers momentum.

High engagement associated with stronger revenue growth — Aon

HIGHER LEVELS of employee engagement have been associated with superior top-line results, according to professional services and risk consulting group Aon.

Banks fail to comply with required Agri-Agra lending

BIG BANKS again failed to comply with required lending to the farming sector in June, which came at a time of robust asset growth, latest central bank data showed.