Mandaluyong barangay adopts cashless payments
Residents and workers of Barangay Namayan in Mandaluyong City can now enjoy cashless transactions in their community as the local government taps PayMaya, in cooperation with PLDT Enterprise. This is the first barangay-level “cash-lite” community initiative in the Philippines. .....»»
HMO taps Silicon Valley start-up
PhilCare, a leading health maintenance organization in the Philippines, is teaming up with MyGolana--the most advanced mental wellness platform in the Philippines, developed by a Silicon Valley start-up with operations in Manila......»»
The tyranny of choices
I used to think there was something wrong with me......»»
Government foreign borrowings surge to $13 billion in 9 months
Foreign borrowings by the national government surged by 44.2 percent to $13.14 billion in the nine months to September as the country turned to the offshore debt market for more funds to bankroll key infrastructure projects and to control the COVID-19 pandemic......»»
Philippines joins Asean in agriculture boost to mitigate COVID-19
The Philippines has committed to collaborate with Southeast Asian countries for a cohesive response to the pandemic in terms of agriculture and food......»»
Empty slogan
Last August, the Department of Trade and Industry launched a national campaign called “Buy Local, Go Lokal,” which is aimed not only at helping micro, small and medium enterprises or MSMEs that make up the biggest part of the Philippine economy, but also at encouraging Filipino consumers to shift their buying patterns towards consuming and purchasing local produce and goods......»»
Stocks extend rally, end week on high note
The local stock market ended the week on a high note, completing a full rally to close 139.43 points or 2.19 percent higher at 6,484.06......»»
Only 20% of seniors covered by pension
Only 20 percent of the 7.6 million senior citizens in the country are covered by either the Government Service Insurance System or Social Security System , the Bangko Sentral ng Pilipinas (BSP) said......»»
Budget deficit widens three-fold to P879.2 billion
The government incurred a nine-month budget shortfall almost three times higher than the previous year as revenues declined and expenditures soared amid the COVID-19 pandemic, the Bureau of the Treasury said yesterday......»»
Bria Homes completes 5 residential projects
Villar-owned housing developer Bria Homes has completed five projects around the country even in the midst of the coronavirus outbreak, the company said in a statement......»»
‘NLEX Harbor Link a boon to logistics’
The recently completed NLEX Harbor Link project is proving to be a boon to the logistics sector, catering to an average of 30,109 vehicles per day......»»
Carmen Tan named LT Group vice chair
LT Group Inc. has appointed Carmen Tan as its vice chairman, a year after restoring the position previously held by taipan Lucio Tan’s brother Harry......»»
American, Southwest Airlines improve finances, but travel prospects still dim
New York---US airlines’ continued efforts to rein in costs and step up safety measures so travelers will return to the skies paid off in results reported Thursday that showed carriers paring losses in the latest quarter......»»
Pandemic-hit Americans create start-ups at record clip
Washington---Americans enduring a feeble economy and high unemployment because of the coronavirus pandemic are creating start-up companies at a record pace. .....»»
Goldman Sachs paying $2.9B in penalty to settle 1MDB charges
New York---Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday......»»
Spared by coronavirus, Seychelles suffers dearth of tourists
Victoria, Seychelles—The Seychelles, with its idyllic white beaches and luxury resorts, has had only 149 cases of Covid-19, but the global crisis caused by the pandemic has ravaged its vital tourism industry......»»
Ayala Land to sell Ortigas building to REIT unit for P5.1B
Property developer Ayala Land Inc. is selling a mixed commercial development in Ortigas City to its real estate investment trust company AREIT Inc. for P5.1 billion......»»
AG& P investing $315M in LNG facility in Batangas to supply fuel to Ilijan plant
Atlantic Gulf & Pacific Company of Manila Inc. plans to put up a liquefied natural gas import facility in Batangas City to supply re-gasified LNG to the 1,200-megawatt Ilijan natural gas power plant, documents filed with the Department of Environment and Natural Resources show Friday......»»
Shipping lines oppose arrastre charges on empty containers
The Association of International Shipping Lines opposed a plan by the Philippine Ports Authority to introduce never-before-assessed arrastre rates on empty containers, saying any addition to shipping costs will not augur well with the country’s efforts to rebound from the impact of the coronavirus pandemic......»»
URC& rsquo;s income increased P7% to P7.5B in 1st three quarters
Food manufacturer Universal Robina Corp. said Friday net income attributable to parent equity holder increased 7.2 percent in the first nine months to P7.5 billion from P7 billion in the same period last year, driven by higher operating income, lower debt and interest expense and reduced foreign exchange losses......»»