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Hotel group bucks legislated wage increase
The proposed legislated wage increase would hurt the tourism industry, particularly hotels still grappling with the effects of strict pandemic restrictions enforced four years ago, a business group declared......»»
Patrick Beverley reveals own trade; Knicks, Thunder make big additions
Patrick Beverley announces he’s heading to the Milwaukee Bucks as the New York Knicks and Oklahoma City Thunder make the biggest splashes on NBA trade deadline day.....»»
Lee bucks shooting woes as Magnolia closes in on ending finals drought
Paul Lee bails Magnolia out with a clutch shot as the Hotshots move on the verge of their first PBA finals appearance since the 2021 Philippine Cup.....»»
TCC Invitational: Tabuena bucks strong winds, leads with 76
In the windswept terrain of The Country Club, Miguel Tabuena faced the tempest head-on and remained in command despite a 76 as his rivals also came in ruffled by the winds......»»
Vice President Sara bucks Cha-cha moves: Guard the Constitution
Rejecting the people’s initiative to amend the 1987 Constitution is “to guard the Constitution,” Vice President Sara Duterte said yesterday, as she joined the pushback against the move seen as “tainted” by reports of bribery by its proponents......»»
AI use cuts Globe’s power usage by 8%
Mobile giant Globe Telecom Inc. has introduced artificial intelligence into its energy-saving program, allowing it to cut power consumption by up to eight percent in base stations......»»
LRT-2 cuts train trips after power cables stolen
The Light Rail Transit Line 2 shortened its train operations yesterday after discovering that some of its power cables were stolen......»»
Maybe no Fed rate cuts in FY24?
A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»
Stocks sink on rising geopolitical tensions
The stock market took its deepest plunge for the year as concerns over escalating geopolitical tensions overseas and delayed rate cuts at home prevailed......»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
NEDA cuts PHL additional rice import for 2016 by 25%
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant to boost........»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
Cuts in bank reserves unlikely soon – BSP
The Bangko Sentral ng Pilipinas is unlikely to cut banks’ reserve requirement ratio in the third quarter, amid expectations of policy rate cuts in the second half of the year......»»
Meralco cuts power rates in April
The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»
Gov t cuts growth target to 6%-7% — NEDA
In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»
Song Kang, Kim Min Kyu show off buzz cuts, enter military service
Korean actors Song Kang and Kim Min-kyu officially began their mandatory military service for South Korea's army, but not without one more surprise for their fans......»»
Government cuts borrowings to P203 billion in January
The Marcos administration slashed its borrowings by 45 percent to P203 billion at the onset of the new year in the absence of new global bond offerings.......»»
Shares gain anew on rate cut hopes
The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»
TikTok facing ban in America; penalized $384 million in Europe
The US House of Reps has passed a bill to ban TikTok unless it cuts ties to Communist China. Chinese parent ByteDance must sell TikTok to another nationality in six months or be shut down......»»
NWRB cuts water supply for Metro next month
The National Water Resources Board will slash the water allocation for Metro Manila to 48 cubic meters per second from 50 cms starting mid-April to conserve water supply that has been impacted by the ongoing El Niño......»»