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MCKINSEY & Co. said gender disparity in the boardrooms of financial institutions remains an issue in the Philippines, and called female representation important in the context of a customer base that is growing more diverse.
AT THE BAIPHIL 3rd General Membership Meeting, corporate governance “guru” and guest speaker Dr. Jesus Estanislao emphasized that governance demands a focus on the long-term, realizing a great “vision” in five to ten years. Governance demands a focus on the institution and what the institution should become. Yes, people are very important, but cautioned against personalities. He said governance asks for a strategy, a set of priorities pursued across all the different facets of any business. The key focus is on priorities which must be inter-connected and mutually supportive.
THE DEPARTMENT of Finance (DoF) said that the government will lose some P40 billion in revenue if it suspends the second tranche of the fuel tax hike next year, adding that it has yet to draft the implementing rules on how the tax will be suspended and reinstated.
It’s been two years and three months into the six-year term of the provincial despotism that became a national affliction in 2016 by promising to deliver the changes that have long eluded the Filipino people. It should be evident by now that it is at the very least underperforming -- or at the worst, rapidly bringing the entire country to ruin.
PREPARATIONS for next year’s midterm elections are underway a week before the deadline period for the filing of candidacies.
EXPECTING a tough challenge from defending champions and rivals Ateneo Blue Eagles in their first University Athletic Association of the Philippines Season 81 clash this weekend, the De La Salle Green Archers are aiming to come in prepared to get a favorable result.
THE rivalry between top Ultimate Fighting Championship lightweight fighters Khabib “The Eagle” Nurmagomedov and Conor “The Notorious” McGregor takes front and center this weekend as they headline “UFC 229” on Sunday (Manila time) in Las Vegas.
FURTHER RELAXATION of foreign exchange rules can be expected to be more gradual for now as monetary authorities focus more on tempering sharp swings in daily peso-dollar trades, according to a senior official of the Bangko Sentral ng Pilipinas (BSP).
AS the Philippine Stock Exchange Index (PSEi) dipped below 7,100 during Tuesday’s session, taking its valuation to its lowest level since January 2016, Metropolitan Bank & Trust Co. is among the firms that’s staying on the sidelines.
ILOILO CITY — MORE Minerals Corp., a subsidiary of tycoon Enrique K. Razon Jr.’s Monte Oro Resources and Energy, Inc. (MORE), assured it is capable of providing power distribution services as it seeks a congressional franchise for Iloilo City.
THE Department of Energy (DoE) has defended its move to certify the 1,200-megawatt (MW) coal-fired power plant in Atimonan, Quezon as nationally significant, saying the long-delayed project is needed to meet a critical point in the coming years when power supply will be deficient and critical.
SAN FRANCISCO -- The technology sector appears to be doing just fine on Wall Street a week after it lost two of its highest-profile components to a newly christened communication services group.
HERE’S a sad truth. Most pinot grigio is so watery, bland, and just plain dull that wine snobs scorn it and sommeliers at top restaurants won’t list it. Asking for “just a glass of pinot grigio” has almost become an admission that you don’t pay attention to what you swallow.
A BOTTLE of rare 60-year-old Macallan could fetch a record price at a Bonhams Edinburgh auction on Wednesday (Thursday in Manila) as buyers show an unslakable thirst for limited-edition scotch whiskies.
FEDERAL RESERVE Chairman Jerome Powell welcomed recent increases in Americans’ wages while expressing confidence that low unemployment won’t spur a takeoff in prices that would force him to hike interest rates aggressively.
ONLY a small portion of businesses on Boracay Island are deemed compliant with environmental and accreditation requirements just weeks before the resort island returns to operation on Oct. 26 in a so-called “soft opening.”
THE Department of Trade and Industry (DTI) said it may recommend to President Rodrigo R. Duterte a cap on the margins that can be earned on the sale of certain agricultural commodities.
Oct. 5 is observed worldwide as World Teachers’ Day. In the Philippines, the observance of a National Teachers’ Month and Day is led by government and the private teaching community. This formal honoring of teachers in the Philippines, which is aligned with the worldwide celebration of World Teachers’ Day, has drawn and continues to draw, heavy support from volunteer groups such as the Metrobank Foundation.
The private sector and civil society groups are the domain of voluntary exchange and volunteerism. In a competitive environment, people sell something, a commodity or service. If the price is good and attractive to many buyers and donors, sellers can prosper; if the price is high compared to quality, buyers and donors will shy away and sellers/providers can go bankrupt.
THE De La Salle Green Archers got the better of former coach Aldin Ayo after beating the University of Santo Tomas Growling Tigers, 99-72, in University Athletic Association of the Philippines Season 81 action on Wednesday at the Mall of Asia Arena.
SMART Communications recently joined the Philippine Olympic Committee (POC) in honoring Filipino athletes who bagged medals during the 2018 Asian Games held in Indonesia last Aug. 18 – Sept. 2.
THE DEPARTMENT of Finance (DoF) has dismissed five Customs officials in the first eight months of the year, over “false declarations” in their Statements of Assets, Liabilities and Networth (SALN), and penalized more from other revenue agencies over administrative violations.
INFLATION will likely hover above seven percent in the remaining months of 2018, ANZ Research said, adding to mounting doubts about government expectations that overall price spikes could have peaked last quarter.
THE DEPARTMENT of Information and Communications Technology (DICT) presented on Tuesday the final timetable for selection of the country’s third major telecommunications service provider, with documents available for purchase by interested parties starting Oct. 8, Monday.
WHILE it has concluded its run, the Manila staging of Henry David Hwang’s M Butterfly isn’t ready to hang up the costumes, the intrigues, and the scandalous love story of Rene Gallimard and Song Liling, as its producer Jhett Tolentino announced that they will be taking the butterfly on tour next year through five cities in the Philippines.
IRAN is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort to give local firms more funding options as sanctions put pressure on the economy.
MALACAÑANG on Tuesday said it is “doing everything” to ensure that a joint oil exploration deal between the Philippines and China on the Service Contract (SC) 72 located in the disputed Recto (Reed) Bank in the West Philippine Sea will be signed during Chinese President Xi Jinping’s visit to Manila in November.
THE Department of Trade and Industry (DTI) will invite major retailers to import 350,000 metric tons (MT) of rice to supply supermarkets by the end of October, noting that two such groups have expressed their willingness to import the staple.
MALOLOS CITY Regional Trial Court (RTC) Branch 15 denied a motion by retired general and convicted kidnapper Jovito S. Palparan, Jr. against his transfer to the New Bilibid Prison, Justice Secretary Menardo I. Guevarra said.
HAVING opened their Philippine Basketball Association Governors’ Cup campaign with two straight losses, the Rain or Shine Elasto Painters look to break through the win column when they take on the Alaska Aces today at the Smart Araneta Coliseum.
FOR the first time since parting ways late last year, the De La Salle Green Archers will face off with former coach Aldin Ayo when they take on the University of Santo Tomas Growling Tigers in the curtain-raiser of University Athletic Association of the Philippines Season 81 action today at the Mall of Asia Arena.
FUSING together sport and opulence, speed and long-distance coziness, has been the Bentley Continental GT’s brief from Day One -- or since 2003, when the original model debuted. Three generations later, the car faithfully keeps to its reason for being, all while packing the latest in car-making technologies. The all-new Continental GT, launched in September last year at the Frankfurt Motor Show, is a rolling-sculpture proof of this. And, now, it has arrived in the Philippines (it’s now available at the newly refurbished Bentley Manila showroom in Bonifacio Global City).