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Motorists, PUV operators told to use cashless payments at toll plazas

Motorists using toll roads and operators of public utility vehicles (PUVs) are urged to choose cashless transactions as part of the “new normal.” In a statement on Wednesday, the Metro Pacific Tollways South Management Corp. (MPT South) said the motoring public should take advantage of its strengthened contactless payment system at its toll plazas to […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

NFA readies rice buffer stock for lean months

Ahead of the traditionally lean months of July to September, the National Food Authority (NFA) has begun prepositioning its rice buffer stock, particularly in calamity-vulnerable areas and island-provinces. “We have to move our inventories from surplus to deficit areas while the [currently] good weather allows us to transfer stocks between regions and ship to island-provinces […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Emperador profit rises 5% last year

Listed Emperador Inc. saw its recurring net profit increase by 5 percent to P7 billion last year and its revenues rise by 10 percent to P51.6 billion from the 2018 figure. “Last year’s stellar performance is a continued testament to our premiumization and globalization strategy for our renowned brandy and whisky products ranging from mainstream […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Puregold income hits P6.75B in 2019

Puregold Price Club Inc. saw a 16-percent growth in its consolidated core net income to P6.75 billion last year from P5.82 billion in 2018. In a disclosure on Wednesday, the listed retail store operator said its stores recorded a 4.6-percent same-store sales growth (SSSG) in 2019 and S&R registered an SSSG of 8.3 percent. These […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

PH shares up on bargain-hunting

Investors looking for bargains just before trading ended prevented the stock market from retreating anew on Wednesday. The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.49 percent or 26.95 points to finish at its intraday high of 5,523.78, while the broader All Shares improved by 0.49 percent or 16.10 points to close at […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

DTI in talks with firms on possible investments in PH

The Philippines can take advantage of some manufacturing companies’ plans to relocate their business from China to other countries, said the Department of Trade and Industry (DTI), which is currently talking to more than 100 firms that might be interested to locate here. During the Philippine Chamber of Commerce and Industry’s (PCCI) online membership meeting […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Salceda: Create to boost economy, produce jobs

The proposed Corporate Recovery and Tax Incentives for Enterprises (Create) Act would support the Philippine economy toward a V-shaped recovery from the coronavirus disease 2019 (Covid-19) pandemic, and create and save much-needed jobs this year. This is according to Albay Rep. José María Clemente “Joey” Salceda, who joined Finance Secretary Carlos Dominguez 3rd and Sen. […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Net FDI inflows drop to 2-month low in Jan

Net inflows of foreign direct investments (FDI) declined to a two-month low in January despite expanding from a year earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed on Wednesday. These inflows grew by 12.1 percent to $657 million — the lowest since November’s $623 million — from $586 million in the same month […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Govt eyes to borrow P170B in June – BTr

THE government plans to borrow P170 billion from local sources next month, according to a program released by the Bureau of the Treasury (BTr) on Wednesday. The planned borrowings would be down 5.55 percent from P180 billion in the same month a year ago, but match the programmed P170 billion in May. Of the amount […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

Budget deficit balloons to nearly P274B in April

The government’s fiscal position last month remained in shortfall as state spending surged and revenues declined, the Bureau of the Treasury (BTr) reported on Wednesday. April’s budget deficit of P273.9 billion was wider than the P59.5-billion gap in March, but a reversal of the P86.9-billion surplus a year ago. In a statement, the Treasury bureau […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News5 hr. 53 min. ago Related News

What’s in a nudge?

WHEN things get better — we want them now, don’t we? — and feeling like some semblance of normal times has returned, perhaps we can look back and see how overrated the feeling of fear has been. Fear has kept us from knowing what this pandemic is really all about. Life has been hard; and […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

A class squeezed in between

IN my last article, I mentioned some of the more generous wage subsidy schemes, some to the tune of over 80 percent of the normal wages paid, which were rolled out by more developed countries to shore up primarily their small and medium enterprises (SMEs), something which the SME counterparts in most developing countries could […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Can the Deegong hack it?

Economic collapse and death of thousands FIVE months into the pandemic and six to eight weeks of quarantine and lockdowns, several countries intent on mitigating the contagion and reopening their economies came out with varying strategies and results. Some opened their economies too early and were hit by a second wave, while others are now in the process of economic […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Shafts of light, slivers of hope in a traumatized world

AS the leaders of the two great powers hunker down into their derangement bunkers to inflict more pain on the broader world (United States President Donald Trump and his thousand and one dysfunctions, and Chinese President Xi Jinping and his power grabs), two European leaders have agreed to ease the economic pains of the European Union members battered […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Elections in the time of pandemic

THE coronavirus disease 2019 (Covid-19) pandemic has kept everyone preoccupied, counting the mounting confirmed cases, recoveries and, sadly, deaths. The whole country has been on lockdown for at least two months now, putting economic activities to a halt. The end of the government-imposed quarantine is yet uncertain. The public has been advised to adjust to the […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Task force needs authentic leadership

First word THE coronavirus pandemic has unraveled, in a big way, the dysfunctions and limitations of the Duterte government’s approach to the Covid-19 health emergency, which relies chiefly on the policy advice of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID). The Duterte administration simply adopted the policy approach of its […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Mommy

MANY attest to the phenomenon that when a soldier, mortally wounded in the battlefield, is in the throes of death, he calls for his mother. When a child whimpers in pain, almost always he or she will cry out to his or her mother. There are, to be sure, dysfunctional families and mothers who should […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Mobilize police for contact tracing

LAST Monday, I devoted my column to a slightly edited version of a May 20 report by a team of eight University of the Philippines professors evaluating the government’s response to the Covid-19 pandemic. I am using my column today to publish their recommendations to continue government’s success in combating the pandemic, which I hope […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

Senate needs to act in country’s interest with Create bill

IT is long past time that the Senate act in the best interest of the Philippines, rather than big business, and finish its work to pass the Corporate Recovery and Tax Incentives for Enterprises Act (Create). The Create bill is the third version of the second package of the government’s Comprehensive Tax Reform Program, addressing […].....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News

LOOK: READY FOR THE RUSH

Trainees from the National Capital Region Police Office participate in a simulation exercise at the Recto Station of the Light Rail Transit line 2 on Tuesday, May 26, 2020. To ensure the safety of commuters once public transportation resumes, protocols will be strictly imposed, especially inside the trains. PHOTOS BY MIKE ALQUINTO.....»»

Source: Manilatimes_net Manilatimes_netCategory: News19 hr. 5 min. ago Related News