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BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
BSP unlikely to cut rates in 1st half
The Bangko Sentral ng Pilipinas is unlikely to cut key policy rates within the first half of the year as it deems it necessary to keep monetary policy settings sufficiently tight in the near term to better anchor inflation expectations and mitigate second-round effects......»»
Off-White™ opens door in NUSTAR Cebu City
Cebu City, February 15th — Off-White™ is happy to announce that Virgil Abloh’s legacy is celebrated yet again in the Philippines, by the launch of Off-White™ Cebu in NUSTAR Resort Cebu. Opening to the public on 18th February 2024, Off-White™ Cebu will be the third branch of the beloved brand in the country following the.....»»
US threatens Turkish businesses over Russia trade
American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»
Philippines-United States economic ties enter ‘golden spot’
Amid the reinvigorated alliance between the Philippines and the United States, economic ties between the two countries have now reached a “golden spot,’’ according to New York Consul General Senen Mangalile......»»
PSAC welcomes Blinken’s bid to deepen bilateral ties
Private sector leaders have extended their full support to President Marcos as he deepened ties with the United States during US Secretary of State Antony Blinken’s diplomatic visit to the country last March 19......»»
HBO hit series White Lotus drops actor with Russia ties
Actor Milos Bikovic has been dropped from the cast of popular TV series "The White Lotus," an HBO spokesperson said, after the Serbian native's ties to Russia drew a sharp rebuke from Ukraine......»»
Baguio City seeking to forge ties with China’s Chongzuo City
The cities of Baguio and Chongzuo in China have started talking toward forging twinning and sisterhood ties......»»
Ex-PM Jacinda Ardern ties knot
Ex-PM Jacinda Ardern ties knot.....»»
Prices expected to remain elevated until Q3
The Bangko Sentral ng Pilipinas sees inflation quickening further and staying above the two to four percent target until the third quarter due to the negative impact of weather conditions on agricultural production......»»
Rate cut seen to boost growth
The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
Charter change could worsen destructive mining impact
By DOMINIC GUTOMAN AND ZYSA MEI ELLORAN Bulatlat.com MANILA – For environmental defenders, the government’s push for charter change (cha-cha) could worsen the already dire impacts of destructive mining corporations on vulnerable communities. The Kalipunan ng Katutubong Mamamayan ng Pilipinas (Katribu) and Youth Advocates for Climate Action Philippines (YACAP) held a protest in front of… The post Charter change could worsen destructive mining impact appeared first on Bulatlat......»»
Managing the impact of El Niño
As the El Niño phenomenon persists in the Philippines, the need to take more proactive measures is further highlighted to help the country weather its impact, especially with the looming dry season......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
175 power projects cleared for system impact studies
A total of 175 power generation projects have been cleared by the Department of Energy to conduct system impact studies with the National Grid Corp. of the Philippines in 2023......»»
‘Part of something big’: Zain Mahmood sees bright future with UST Tigers
‘I think that culture shift over there is coming,’ says Filipino-Canadian teen recruit Zain Mahmood as UST tries to restore its lost UAAP men’s basketball glory.....»»
Shorthanded Ginebra inks Murrell
Barangay Ginebra has officially signed big man David Murrell off waivers, bringing a big boost for a depleted Gin Kings roster......»»
AI to ‘positively impact’ contact center’s growth
AI to ‘positively impact’ contact center’s growth.....»»
‘Impact of Baltimore bridge collapse on Philippine exports minimal’
The collapse of the Baltimore bridge which led to the closure of the Port of Baltimore is expected to have minimal impact on the country’s exports, according to the Department of Trade and Industry.....»»