Pinoy Business News

Pinoy Business News

  • WATCH: PH logs 8,147 new Covid-19 cases as of Jul. 31, 2021
    by The Manila Times on July 31, 2021 at 8:14 am
  • Domestic flights cancelled due to restrictions
    by Benjamin L. Vergara on July 31, 2021 at 5:59 am

    SEVERAL domestic flights of Philippine Airlines (PAL) were cancelled due to restrictions on non-essential travel in and out of Manila.PAL was compelled to cancel several flights because of the newly imposed General Community Quarantine (GCQ) and Enhanced Community Quarantine (ECQ) periods until August 20, 2021.Cancelled were:PR2041 Manila-Caticlan (July 31 to August 3)PR2039/2040 Manila-Caticlan (July 31 to August 3)PR2039/2040 Manila-Caticlan-Manila (July 31 to August 20)PR2041/2042 […]

  • Petecio advances to gold medal fight in Tokyo Olympics
    by Frederick Nasiad on July 31, 2021 at 5:07 am

    Nesthy Petecio continues to march deeper into the Tokyo Olympics with a majority decision win in the women's featherweight semifinals on Saturday at the Kokugikan Arena.The fighter from Sta. Cruz, Davao del Sur outpointed Irma Testa of Italy, 4-1, to advance to the gold medal fight.Four judges scored the fight 29-28 in favor of Petecio and one judge scored it 29-28 for the Italian.The 29-year-old Petecio beat Marcelat Mashu Sakobi of Congo via unanimous decision in the round of 32; stunned […]

  • Noli De Castro's wife dies
    by Red Mendoza on July 31, 2021 at 4:58 am

    ARLENE Sinsuat-De Castro, wife of former vice president Manuel "Noli" De Castro, passed away, his daughter, People's Television general manager Katherine Chloe de Castro confirmed on Saturday."I love you mommy very much, rest now mommy," De Castro posted on her personal Facebook page.No details were posted on the cause of her death but de Castro said they were still finalizing plans for her burial.Arlene de Castro, who was also a former vice president for News and Current Affairs of ABS-CBN […]

  • Pagasa monitors tropical cyclone but unlikely to enter PH
    by Arlie O. Calalo on July 31, 2021 at 4:52 am

    AN active tropical cyclone off extreme Northern Luzon is closely being monitored by the state-run weather bureau even though it is unlikely to enter the Philippine Area of Responsibility (PAR).Grace Castañeda, forecaster of the Philippine Atmospheric Geophysical Astronomical Services Administration (Pagasa), told The Manila Times it is located 2, 515 kilometers east-northeast of extreme Northern Luzon.Packing maximum sustained winds of 45 kilometers per hour (kph) near the center and gustiness […]

  • Paalam defeats Algerian foe via UD, enters quarterfinals in Tokyo
    by Niel Victor C. Masoy on July 31, 2021 at 3:19 am

    Filipino boxer Carlo Paalam advanced to the quarterfinals as he defeated Mohamed Flissi of Algeria via unanimous decision in the men's flyweight round of 16 on Saturday, July 31 at the Tokyo Olympics at the Kokugikan Arena.Each of the five judges scored 30-27 in favor of Paalam.The rookie Olympian Paalam outboxed the three-time Olympian Flissi, as he was light on his feet and displayed solid counterpunching as well as nifty dodging.The 23-year-old Paalam peppered Flissi with power punches, with […]

  • Obiena makes pole vault final in Tokyo Olympics
    by Niel Victor C. Masoy on July 31, 2021 at 3:11 am

    Filipino pole vaulter EJ Obiena advanced to the final at the Tokyo Olympics on Saturday at the Olympic Stadium.Filled with pressure after failing to hurdle the 5.75-meter bar in his first two tries, Obiena went all out in his third and final attempt to clear the height and make the cut for the final 12.Obiena didn't have a problem leaping the first two heights as he cleared the 5.50- and 5.65-meter bars in his first attempt.The 25-year-old went on to incur a foul on his first try at 5.75 meters […]

  • Q&A sessions with tax experts on CREATE implications and other issues at the Inaugural CREATE Summit
    by hniitsu on July 31, 2021 at 2:00 am

    As the first-ever revenue-eroding tax reform package and the largest economic stimulus program in Philippine history, Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law is seen to push for national accelerated economic recovery by attracting more foreign direct investment into the country amidst a global health crisis continuing to negatively impact the business landscape. The post Q&A sessions with tax experts on CREATE implications and other issues at the Inaugural CREATE […]

  • Nara Residences: A home befitting Negrenses’ refined taste
    by bdiaz on July 31, 2021 at 1:00 am

    Written by: Amy R. Remo  One of the most progressive, highly urbanized cities in the country has a rich, affluent history owing to its flourishing sugar industry. Bacolod City, along with the rest of Negros Island, has long figured prominently in the country’s history of sugar production and exports starting in the 19th century—a colonial The post Nara Residences: A home befitting Negrenses’ refined taste appeared first on Inquirer Business.

  • ML Express: Financial solutions within your community
    by bdiaz on July 31, 2021 at 1:00 am

    With its commitment to provide quality financial services that bridge Filipino families all over the country, M Lhuillier makes itself further accessible and convenient to customers through the M Lhuillier Express or ML Express. ML Express is a one-stop destination for M Lhuillier’s key services, including the  ML Kwarta Padala Domestic and International, Payment Solutions, The post ML Express: Financial solutions within your community appeared first on Inquirer Business.

  • Business Mentor: Avoiding costly mistakes when starting a business
    by Armando Bartolome on July 31, 2021 at 12:46 am

    Starting your own business is exciting. However, in your enthusiasm, you may overlook several things that may affect how the business will run in the next months.

  • THROWBACK: Being responsible with your credit card
    by ABS-CBN News on July 31, 2021 at 12:01 am

    In this throwback episode of "Failon Ngayon," experts talk about how one can be responsible with the use of their credit cards. Among their tips is paying not just the monthly minimum due and doing so on time to avoid penalties. 

  • FILREIT leading growth in sustainable office spaces
    by bdiaz on July 31, 2021 at 12:00 am

    Written by: Amy R. Remo Filinvest REIT Corp. (FILREIT) is banking on a resilient, upbeat business process outsourcing (BPO) industry to sustain the stellar growth of its office portfolio beyond the pandemic. Reputable multinational BPOs currently account for 88.4 percent of the occupied gross leasable area (GLA) in FILREIT’s portfolio as of March 2021, thus The post FILREIT leading growth in sustainable office spaces appeared first on Inquirer Business.

  • World's first commercial re-programmable satellite blasts into space
    by ABS-CBN News on July 30, 2021 at 11:40 pm

    The world's first commercial fully re-programmable satellite lifted off from French Guiana on Friday on board an Ariane 5 rocket, ushering in a new era of more flexible communications.  

  • KUWTT: NCR locked down to stop Delta surge | Jul. 31, 2021
    by The Manila Times on July 30, 2021 at 10:41 pm

    Good day. Here are the stories for The Manila Times for Saturday, July 31, 2021.READ: NCR locked down to stop Delta surgeThe National Capital Region (NCR) will return to an enhanced community quarantine (ECQ) from August 6 to 20 to thwart a looming surge in coronavirus disease 2019 (Covid-19) cases triggered by the highly contagious Delta variant. The new lockdown was announced by Palace spokesman Harry Roque Jr. on Friday. The independent OCTA Research group has been calling for a […]

  • SEC strengthens fintech supervision
    by clopez on July 30, 2021 at 9:24 pm

    The Securities and Exchange Commission (SEC) seeks to strengthen investor and consumer protection in this age of digitalization and fast-changing financial landscape with the creation of a new office dedicated to the supervision and regulation of financial technology (fintech) operators and emerging innovations. Aligned with the creation of its PhilFintech Innovation Office (PIO), the SEC The post SEC strengthens fintech supervision appeared first on Inquirer Business.

  • NCR office space vacancy seen rising to 15.6%, rental rate falling by 20%
    by clopez on July 30, 2021 at 9:20 pm

    Amid the exodus of once high-flying Philippine offshore gaming operators (Pogos), about 15.6 percent of total office space in Metro Manila may end up vacant by the end of this year, dragging down rental rates by about a fifth of last year’s level, property consulting firm Colliers Philippines said. From 11 percent seen before the The post NCR office space vacancy seen rising to 15.6%, rental rate falling by 20% appeared first on Inquirer Business.

  • China Bank H1 net profit up 39%
    by clopez on July 30, 2021 at 9:18 pm

    Sy family-led China Bank grew its second quarter net profit by 23 percent year-on-year to about P3.68 billion on the back of an expansion in net interest earnings and a decline in credit loss provisioning expense. For the six-month period, China Bank’s net profit climbed by 39 percent to P7.3 billion. This translated to an The post China Bank H1 net profit up 39% appeared first on Inquirer Business.

  • PH bourse world’s worst as NCR reverts to ECQ
    by clopez on July 30, 2021 at 9:16 pm

    The reimposition of tough lockdown protocols in Metro Manila for two weeks starting Aug. 6 caused a bloodbath in the local stock market, turning it into the world’s worst-performing bourse on Friday. The main-share Philippine Stock Exchange index shed a hefty 226.3 points or 3.48 percent to close at 6,270.23, a two-month low, as investors The post PH bourse world’s worst as NCR reverts to ECQ appeared first on Inquirer Business.

  • Holcim reverses losses in Q2, posts income of P721.4M 
    by clopez on July 30, 2021 at 9:16 pm

    Holcim Philippines, the country’s leading cement maker, chalked up P721.4 million in second quarter net income, reversing the P88.1 million net loss in the same period last year when it had to shut down its manufacturing facilities in Luzon to comply with pandemic-related lockdown restrictions. This brought Holcim’s six-month net profit to P1.63 billion, 294 The post Holcim reverses losses in Q2, posts income of P721.4M  appeared first on Inquirer Business.

  • PXP Energy back to profitability with P14-M income
    by clopez on July 30, 2021 at 9:14 pm

    PXP Energy Corp., part of the Manuel V. Pangilinan-led group of companies, is back in the black with a P14-million consolidated net income for the first semester this year after a P56.3-million net loss in the same period of 2020. This was achieved as a revenue surge partly offset a double-digit rise in costs and The post PXP Energy back to profitability with P14-M income appeared first on Inquirer Business.

  • Psalm seeks to raise P527M in third attempt to sell Paco property
    by clopez on July 30, 2021 at 9:12 pm

    State firm Power Sector Assets and Liabilities Management Corp. (Psalm) is having another go at a negotiated sale of a group of lots at the site of the decommissioned Manila Thermal Power Plant, this time aiming to raise at least P527 million. In their latest invitation to interested parties, Psalm said this third round would The post Psalm seeks to raise P527M in third attempt to sell Paco property appeared first on Inquirer Business.

  • AgriFisheries Alliance and the President’s Sona
    by clopez on July 30, 2021 at 9:10 pm

    At the Sona (State of the Nation Address) on July 26, President Duterte supported a key position of the AgriFisheries Alliance (AFA). This must be followed up by action. In addition, since he did not mention three other positions AFA had pushed for Sona consideration, they will be identified here for possible action to address The post AgriFisheries Alliance and the President’s Sona appeared first on Inquirer Business.

  • Robinsons Malls, Go Negosyo team up to vaccinate MSME workers
    by ABS-CBN News on July 30, 2021 at 7:37 pm

    MANILA - Robinsons Land Corp. on Friday announced it has partnered with non-profit organization Go Negosyo to vaccinate workers of micro, small and medium enterprises (MSMEs).

  • PSE becomes 'biggest loser in Asia' days before Metro Manila returns to ECQ
    by ABS-CBN News on July 30, 2021 at 7:17 pm

    The Philippine Stock Exchange index becomes the biggest loser in Asia as the announcement of a hard lockdown in Metro Manila spooks investors.

  • Local businesses supportive but concerned over ECQ return in Metro Manila
    by ABS-CBN News on July 30, 2021 at 7:13 pm

    The local business community is supportive but concerned over the latest lockdown order in Metro Manila.

  • 'TWOGETHER'
    by The Manila Times on July 30, 2021 at 5:38 pm
  • WILCON IN SORSOGON
    by The Manila Times on July 30, 2021 at 5:37 pm
  • SINGLE JAB
    by The Manila Times on July 30, 2021 at 5:35 pm
  • A DEADLY CHASE
    by The Manila Times on July 30, 2021 at 5:35 pm
  • BSP sees faster inflation in July
    by Mayvelin U. Caraballo on July 30, 2021 at 5:20 pm

    Read this in The Manila Times digital edition.THE Bangko Sentral ng Pilipinas (BSP) said on Friday the country's headline inflation rate likely rose to 4.3 percent in July, a two-month-high.July's point inflation projection, according to BSP Governor Benjamin Diokno, was within the central bank's estimated range of 3.9 to 4.7 percent for the month.The outlook is higher than the 4.1-percent increase in June but lower than the 2.7-percent print a year ago.If accurate, the forecasted rate would be […]

  • Diokno: Bank loans to MSMEs soar to P183.9B
    by Mayvelin U. Caraballo on July 30, 2021 at 5:19 pm

    BANK loans to small businesses soared to more than P183 billion after the Bangko Sentral ng Pilipinas (BSP) relaxed the reserve requirement rules for lenders, BSP Governor Benjamin Diokno announced during The Manila Times 2021 Midyear Economic Report on Friday."As of the week of June 17, 2021, the banking system allocated an average of P183.9-billion loans for MSMEs (micro, small and medium enterprises) as alternative compliance with the reserve requirements," he said during the forum.This is […]

  • NEDA: Economy to lose P120B during 2-week ECQ
    by Mayvelin U. Caraballo on July 30, 2021 at 5:18 pm

    Read this in The Manila Times digital edition.THE National Economic and Development Authority (NEDA) said on Friday the two-week enhanced community quarantine (ECQ) that will begin on August 6 in the National Capital Region (NCR) will cost the Philippine economy P120 billion and aggravate poverty."Each week of ECQ in [the] NCR will cost the economy P105 billion. [It will] also increase poor people by up to 177,000 and 444,000 more without jobs," Socioeconomic Planning Secretary Karl Kendrick […]

  • Groups slam Golden Rice commercialization
    by Eireene Jairee Gomez on July 30, 2021 at 5:16 pm

    A NUMBER of environmental and farmers groups denounced the approval of the commercialization of genetically modified "golden rice", raising serious concerns on its biosafety issues.The Department of Agriculture (DA)-Philippine Rice Research Institute (PhilRice) recently announced that a biosafety permit for propagating the Golden Rice was issued, making the Philippines the world's first country to approve the commercial production of Golden Rice.The said permit for the commercial propagation of […]

  • CDA to upscale coops across PH
    by Eireene Jairee Gomez on July 30, 2021 at 5:15 pm

    Read this in The Manila Times digital edition.THE Cooperative Development Authority (CDA) is aiming to streamline agency requirements while providing more training and technical assistance to upscale competencies of cooperatives across the country, an executive official said on Friday.In a virtual forum, CDA Chairman Undersecretary Joseph "Joy" Encabo presented to the cooperative sector the accomplishments of the agency in the first 100 days under his leadership. He discussed programs, […]

  • Allied Care Experts (ACE) Dumaguete Doctors Inc Notice of Annual Stockholders' Meeting
    by The Manila Times on July 30, 2021 at 5:14 pm

    DEAR STOCKHOLDERS:Please be informed that the Annual Stockholders' Meeting of Allied Care Experts (ACE) Dumaguete Doctors Inc. will be held on August 12, 2021 (Thursday) at 8:00 o'clock in the morning, via Zoom Webinar, to ensure the safety of our stockholders who will be attending the meeting.For the conduct of the Webinar, please register on or before August 10, 2021, through the following link: https://us02web.zoom.us/webinar/register/WN_IlFa5P07TLymUgHOWibmSAThe link will provide you the […]

  • Money supply up in June as lending shrinks
    by Mayvelin U. Caraballo on July 30, 2021 at 5:11 pm

    The Bangko Sentral ng Pilipinas (BSP) said the country's money supply grew quicker in June despite the fact that bank lending continued to shrink throughout the month.Domestic liquidity (M3) expanded by 6.4 percent year-on-year to P14.4 trillion in June, the central bank said in a statement on Friday, outpacing the 4.7-percent gain in May. M3 also increased by 1 percent month-on-month and seasonally adjusted.Domestic claims rose 5.3 percent year-on-year in June, picking up from 2.6 percent the […]

  • Upcoming ECQ drags stocks to 2-month low
    by Mayvelin U. Caraballo on July 30, 2021 at 5:09 pm

    THE local stock market dropped to its lowest level in two months, which an analyst attributed to the recently announced imposition of a harsher lockdown in Metro Manila.The benchmark Philippine Stock Exchange index (PSEi) plunged 3.48 percent to 6,270.23, or 226.30 points, while the broader All Shares index fell 2.65 percent to 3.934.86, or 107.17 points.PSEi's performance, according to Ruben Carlo Asuncion, Union Bank of the Philippines chief economist, is due to the government's decision to […]

  • We need to welcome e-bikes and e-scooters
    by Robert Siy on July 30, 2021 at 5:09 pm

    ONE of the Land Transportation Office's (LTO) recent issuances, Administrative Order 2021-039, should be amended to correct its anachronistic treatment of electric light mobility devices (e.g., electric bicycles and electric kick scooters).Electric bicycles and electric kick scooters are helping to transform our mobility environment for the better. Globally, these are the most popular types of electric vehicles. They need to be welcomed with the right type of regulation, not shunned.The LTO […]

  • The greenback supports the stock markets
    by Peter Lundgreen on July 30, 2021 at 5:07 pm

    IF I look at the global financial markets from a helicopter's perspective, I consider that, by far, the biggest concern is the reason for large fire sales in the stock market - perhaps even triggering a "crash."Experience suggests that the larger a bubble is, the less it takes to make the bubble explode. In extreme cases, it is just a small spark somewhere in the financial market that eventually causes the explosion. In the current assessment of the stock market, there is a daily discussion of […]

  • Sales: Listen, understand, then speak
    by Jamil Manansala on July 30, 2021 at 5:06 pm

    "MOST people do not listen with the intent to understand; they listen with the intent to reply." - Stephen CoveyIn today's fast-paced and highly competitive business environment in the country, this quote from Stephen Covey is quite relevant. Have you ever solved a problem without knowing first the details on why it occurred/is occurring? The first step in problem solving is always identifying and defining the problem.In sales, how do you identify your clients' pain points or problems? You let […]

  • ROBINHOOD FALLS IN NASDAQ DEBUT
    by Agence France-Presse on July 30, 2021 at 5:03 pm

    Read this in The Manila Times digital edition.NEW YORK, UNITED STATES: Robinhood had a rough start on Wall Street on Thursday (Friday in Manila), falling sharply in its Nasdaq debut after the fast-growing online trading app raised $1.9 billion in an initial public offering (IPO).Trading under the ticker "HOOD," Robinhood Markets ended at $34.82, dropping 8.4 percent after entering the market at $38.The Silicon Valley firm, launched by two friends who met at Stanford University, has billed […]

  • Bright earnings, US growth boost Global stocks
    by Agence France-Presse on July 30, 2021 at 5:01 pm

    NEW YORK, UNITED STATES: World equity markets gained ground on Thursday (Friday in Manila) as upbeat corporate earnings and US data showing solid second-quarter economic growth brightened the recovery from Covid-19.Shares in London rose 0.9 percent on a barrage of positive company results, including from Covid-19 vaccine maker AstraZeneca, energy major Shell and lender Lloyds.Frankfurt added 0.5 percent and Paris gained 0.4 percent, boosted by earnings at German carmaker Volkswagen and France's […]

  • Amazon quarterly profit jumps but shares slide
    by Agence France-Presse on July 30, 2021 at 5:00 pm

    SAN FRANCISCO, UNITED STATES: Amazon said on Thursday (Friday in Manila) second-quarter profit jumped 48 percent from a year ago to $7.8 billion but shares in the tech and e-commerce giant fell on a disappointing revenue number.Total revenues increased 27 percent to $113.1 billion, below most Wall Street forecasts, sparking a slide of some 6 percent in after-hours trading.Andy Jassy, who took over as chief executive earlier this month from Jeff Bezos, said Amazon remained focused on delivering […]

  • Asian stocks fall amid China crackdown
    by Agence France-Presse on July 30, 2021 at 4:59 pm

    HONG KONG: Equities fell in Asia on Friday morning, setting them up to end a volatile week on a negative note as China's regulatory crackdown continued to spook investors.The losses came despite a positive lead from Wall Street where traders were cheered by data showing the US economy returned to its pre-pandemic size in the second quarter but fell short of forecasts, which eased pressure on the Federal Reserve to begin tapering its ultra-loose monetary policies.While the corporate earnings […]

  • India-based firms see huge potential from RE
    by Faye Almazan on July 30, 2021 at 4:58 pm

    Read this in The Manila Times digital edition.India-based energy companies see the huge potential from expanding renewable energy (RE) cooperation between India and the Philippines.In a virtual forum organized by The Manila Times on Thursday, Ayana Renewable Power Pvt. Ltd. India Managing Director and Chief Executive Officer (CEO) Shivanand Nimbargi said both countries are now growing their clean energy capacity and are formulating regulations and policies to further the growth of the […]

  • 44 killings 'unsolved' in Region 1
    by Jaime Aquino on July 30, 2021 at 4:55 pm

    Read this in The Manila Times digital edition.SAN FERNANDO CITY, La Union: Officers and members of the Citizens Movement Against Corruption, Crime, Illegal Drugs and Gambling Inc. on Friday released a list of 44 unsolved shootings and killings of public officials and ordinary citizens by motorcycle-riding gunmen in the four provinces of Region 1 (Ilocos Norte, Ilocos Sur, La Union and Pangasinan) during the first and second quarters of the year.In an interview with The Manila Times, the head of […]

  • OceanaGold ready to restart operations
    by Leander C. Domingo on July 30, 2021 at 4:53 pm

    AFTER Malacañang allowed OceanaGold (Philippines) Inc. (OGPI) to operate anew its Didipio Mine in Kasibu, Nueva Vizcaya, the company said the staged restart of the mine is underway with focus on the rehiring and training of its workforce."[Our] primary focus is the safe and responsible start-up of operations, which includes recruitment and training of the workforce and the transport of approximately 15,000 tons of copper-gold concentrate produced prior to the shutdown of operations," Michael […]

  • Govt urged to set up solar parks
    by Eireene Jairee Gomez on July 30, 2021 at 4:51 pm

    Solar Philippines said the government should push developing solar parks in the country, a strategy that was successfully implemented in India and can significantly help bring down the cost of solar while increasing the scale of renewable energy (RE) development in the Philippines.Speaking at The Manila Times forum titled "Business Conference on Shared Prosperity with Renewable Energy: Opportunities for India-Philippines Engagement" on Thursday, Leandro Leviste, president and chief executive […]

  • Sustainable finance and resilience reporting insights
    by Ludwig Federigan on July 30, 2021 at 4:51 pm

    THE phrase "climate change changed my life" hit me when I moderated the "People of Impact: Climate Change" discussion with venture capitalist and circular economy champion Carlo Delantar, Impact Hub Manila Chief Executive Officer Ces Rondario and House Deputy Speaker Lorna Regina "Loren" Legarda. It provided an impetus to look back on how I have been heavily involved in the environment, climate change and sustainability sphere for almost a decade.As shared in a previous column, sustainability […]

  • NEU alumni association awards agri scholarships
    by The Manila Times on July 30, 2021 at 4:50 pm

    THE New Era University Alumni Association Inc. (NEU-AAI) has distributed scholarship grants to 30 students enrolled in the Bachelor of Science in Agriculture (BSA) degree program of the NEU-Rizal, according to Bro. Joey Red, campus director and minister of the Iglesia ni Cristo (INC).An online handover ceremony was conducted during the fourth founding anniversary of the NEU-Rizal's College of Agriculture held in the Baras Rizal campus on June 30, 2021.It was participated in by the university […]

  • Japan to expand Covid emergency measures
    by Agence France-Presse on July 30, 2021 at 4:45 pm

    Read this in The Manila Times digital edition. Tokyo, Japan: Japan's government will extend a virus state of emergency in Tokyo and impose the measure in four more regions on Friday as cases surge a week into the pandemic-postponed Olympics.The Japanese capital reported a record number of new infections on Thursday as daily cases nationwide topped 10,000 for the first time.On Friday, Tokyo 2020 organizers reported 27 new cases related to the event - the highest daily figure yet - although […]

  • Obiena makes debut; Pagunsan falters in Day 2
    by Niel Victor C. Masoy on July 30, 2021 at 4:45 pm

    Read this in The Manila Times digital edition. FILIPINO pole vaulter EJ Obiena makes his Olympic debut even as golfer Juvic Pagunsan tries to bounce back on Saturday at the Tokyo Olympics.The 25-year-old Obiena is to compete in the men's pole vault qualification phase starting at 8:40 a.m. (Philippine time)."I would need all your help earnestly praying for my safety and success. I will give my best and the rest is up to You, Lord. Keep my mind, my will and my body strong," wrote Obiena in a […]

  • Tugade: Bicol Int'l Airport operational by end-2021
    by The Manila Times on July 30, 2021 at 4:45 pm

    TO prove the construction of the Bicol International Airport (BIA) is on track, Transportation Secretary Arthur Tugade landed at the gateway's runway Friday morning whether it was finished or not.He inspected the airport on May 13, 2021.Tugade said his landing at the airport will serve as a challenge and an encouragement for the gateway's builders to keep up the pace."I will land at Bicol International Airport [whether it is] finished or unfinished in July," Tugade said during his inspection of […]

  • Myanmar protests go on sans Suu Kyi
    by Agence France-Presse on July 30, 2021 at 4:40 pm

    Yangon, Myanmar: Imprisoned by the military, detained Myanmar leader Aung San Suu Kyi is isolated from the young protesters now forging their own struggle for democracy outside her shadow.Sunday marks six months since her National League for Democracy (NLD) government was ousted, setting off a mass uprising and violent military crackdown that has killed nearly 1,000 people.Suu Kyi remains a revered figure locally for her courageous opposition to a previous junta despite her international […]

  • HK police investigate China anthem booing
    by Agence France-Presse on July 30, 2021 at 4:40 pm

    Hong Kong: Hong Kong police on Friday said they had launched an investigation into Olympic Games fans who booed China's national anthem and drowned it out with chanting during a public screening at a mall.The Chinese international finance hub has had its best Games on record with Edgar Cheung winning gold in fencing and Siobhan Haughey taking two silvers in swimming.But the sporting success also comes at a politically turbulent time for the city as China cracks down on dissent in response to […]

  • Nievarez finishes at 23rd place
    by Niel Victor C. Masoy on July 30, 2021 at 4:40 pm

    FILIPINO rower Cris Nievarez finished 23rd overall in men's single sculls at the Tokyo Olympics on Friday at the Sea Forest Waterway.Nievarez placed 5th in the final D race with a clocking of seven minutes and 21.28 seconds in the 1,500-meter race.He finished ahead of sixth placer Husein Alireza of Saudi Arabia (7:52.67), and behind fourth placer, Mohammed Al Khafaji of Iraq (7:18.65), third placer Onat Kazakli of Turkey (7:13.65), second placer Peter Purcell-Gilpin of Zimbabwe (7:03.85) and […]

  • Bureau of Quarantine opens vaccination satellite office at SM MoA
    by The Manila Times on July 30, 2021 at 4:40 pm

    SM Mall of Asia recently opened the Bureau of Quarantine (BoQ) Vaccination Satellite Office, the first-ever satellite office of the agency to respond to the changing needs of its clients by providing an accessible and convenient area in the mall.With this, the bureau will be able to implement its mandate to vaccinate international travelers and issue World Health Organization's International Certificate of Vaccination (ICV).The event also launched simultaneously the new ICV with a unique QR […]

  • Inoculation rate of seniors remains 'low' in Region 12
    by Franz Sumangil on July 30, 2021 at 4:40 pm

    MIDSAYAP, North Cotabato: The Department of Health (DoH)-Region 12 has admitted that the number of vaccinated individuals from the "vulnerable" group is still low.The agency called for local government units to strengthen their vaccination campaigns in order to fully inoculate those in the A2 and A3 priority groups.According to Dr. Arestides Concepcion Tan, regional director of DoH-12, a lot of senior citizens and persons with comorbidities in the region are hesitant of getting their vaccine […]

  • Andrea Torres talks about love and commitment
    by Iza Iglesias on July 30, 2021 at 4:40 pm

    Read this in The Manila Times digital edition.It's been more than a decade since Andrea Torres started out as a young and promising talent in GMA Network's defunct youth-oriented magazine show, "Ka-Blog!." Now in full bloom as one of the most sought-after leading ladies of today's generation, she is firmly staying put where her dreams of becoming a star came true.For a second time, Torres officially signed a 10-year contract to remain and thrive with her beloved Kapuso family with whom she went […]

  • INTERNET TROLLS?
    by The Manila Times on July 30, 2021 at 4:35 pm
  • Magnolia remains undefeated
    by Rey Joble on July 30, 2021 at 4:35 pm

    LOSING top player Paul Lee due to a hamstring injury in the first half, the Magnolia Hotshots held the fort and defeated Terrafirma Dyip, 105-83, in the PBA Philippine Cup at the Ynares Arena in Pasig City.The win was the fourth in as many games for the Hotshots.Lee, Magnolia's scoring leader and top playmaker, injured his hamstring while chasing a loose ball against Reden Celda of Terrafirma. He left the game at the 4:39 mark of the second period and had to be helped out by teammate Calvin […]

  • Chinese gov't clamps down on tutoring sector
    by Agence France-Presse on July 30, 2021 at 4:35 pm

    Beijing, China: In Beijing's exclusive Haidian District, Zhao said she plows $10,000 a year into extra classes for her eight-year-old, a leg up in the competitive scramble of modern China - and an advantage the state now wants to restrict.As they scythe down oversized businesses, Chinese authorities say the vast tutoring sector has to turn nonprofit, effectively wiping out the business models of education companies that have spun billions from the anxieties of China's parents.But last weekend's […]

  • Baguio sees rise in dengue cases
    by Gaby B. Keith on July 30, 2021 at 4:35 pm

    BAGUIO CITY: Local health authorities are alarmed over the 300 percent increase in dengue fever cases in the first six and a half months of this year in the Summer Capital aggravated by the ongoing Covid-19 pandemic.Dr. Donabel Tubera-Panes, medical officer 4 and head of the City Epidemiology and Surveillance Unit of the City Health Services office, on Friday, disclosed a total of 416 dengue fever cases were reported in the city from January 1 to July 17 this year.The number represents a […]

  • Fashion and beauty picks of the week
    by The Manila Times on July 30, 2021 at 4:35 pm

    All-year Filipino-inspired trendsThe right accessory completes a look, but it also tells a story about the wearer. This in mind, Rustan's is inviting customers to check out its exciting new collection of local fashion accessories at its Studio Artesan concept store. The store offers a treasure trove of sorts where one can browse through to add an extra hint of sparkle and shine to a wardrobe, all of which feat the Filipino aesthetic.The line-up includes some known favorites such as Ethnique […]

  • SMDC uplifts local communities with Good Guys Job Fair
    by The Manila Times on July 30, 2021 at 4:35 pm

    The Covid-19 pandemic continues to affect many Filipinos as many have lost their jobs due to the closure of establishments, cancellation of projects and downsizing of businesses. Even OFWs were forced to come home after being displaced from their overseas jobs.In April 2021, the Philippine unemployment rate was estimated at 8.7 percent. While substantially lower than the record high of 17.6 percent from the same time last year, it still accounted for 4.14 million people who are still jobless. […]

  • Concepcion says ECQ can prevent Covid spread
    by Catherine S. Valente on July 30, 2021 at 4:33 pm

    Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd supports the decision of the government to enforce a two-week lockdown in Metro Manila, saying it is the key to containing the spread of the more transmissible Delta variant of Covid-19."I am glad that the DoH (Department of Health) has supported this. I am also happy that Secretary Francisco Duque 3rd and the members of the IATF-EID (Inter-Agency Task Force for the Management of Emerging Infectious Diseases) have made […]

  • South African breaks world swim record
    by Associated Press on July 30, 2021 at 4:30 pm

    Read this in The Manila Times digital edition. TOKYO: South Africa's Tatjana Schoen–maker was the star of the day, setting the first individual swimming world record at the Tokyo Olympics.Others shined, too.Evgeny Rylov completed a backstroke double for Russia, Emma McKeon gave the Aussie women another gold, and China earned a return trip to the top of the medal podium.The mighty Americans? For the first time in the meet, they spent the entire session Friday watching others win […]

  • Decline in factory prices slower in June
    by Louise Maureen Simeon on July 30, 2021 at 4:00 pm

    Factory gate prices declined at a slower pace in June as increments have been recorded in the majority of industry groups, the Philippine Statistics Authority said.

  • Revert to ECQ sends stocks tumbling
    by Iris Gonzales on July 30, 2021 at 4:00 pm

    Share prices nosedived yesterday on news the government decided to put Metro Manila under the strictest quarantine status starting Aug. 6 to arrest the spread of the dreaded COVID Delta variant.

  • We have to do our part
    by Mary Ann LL. Reyes on July 30, 2021 at 4:00 pm

    In his first State of the Nation address in 2016, President Duterte said that his fight against criminality, illegal drugs, and corruption would be relentless and sustained, and that for those who have valid reasons to complain about graft and corruption, the gates of Malacanang would be open.

  • Unspent P6-B Bayanihan 2 fund no longer for SAP — DBM
    by Elijah Felice Rosales on July 30, 2021 at 4:00 pm

    The government can no longer use the P6 billion in unspent funds from Bayanihan 2 for a new round of social amelioration program, according to the Department of Budget and Management.

  • URC exits snack food business in Oceania
    by Iris Gonzales on July 30, 2021 at 4:00 pm

    The Gokongwei Group’s Universal Robina Corp. will exit the Oceania region, seven years after snapping up New Zealand snack giant Griffin’s Foods in 2014 and Snack Brands Australia in 2016, to focus on other growth segments across developing markets.

  • Metro Manila office vacancy rises to 15.6%
    by Catherine Talavera on July 30, 2021 at 4:00 pm

    Office vacancy in the Metro Manila market is seen to further increase to as high as 15.6 percent by the end of the year as firms continue to rationalize and pre-terminate office space, a property services firm said.

  • Lockdown delays $30 million FedEx hub
    by Lawrence Agcaoili on July 30, 2021 at 4:00 pm

    Strict lockdown and quarantine measures due to the COVID-19 pandemic further pushed back the opening of the $30 million gateway facility of American logistics giant FedEx Corp. in Clark, Pampanga.

  • What is a social object?
    by Francis J. Kong on July 30, 2021 at 4:00 pm

    Keith Reynolds, a contributing columnist for Mark Schaffer’s web page, talks to us about social objects.

  • Converge ICT now offers fiber TV as add-on service
    by Richmond Mercurio on July 30, 2021 at 4:00 pm

    Converge ICT Solutions Inc. has teamed up with affiliate cable company Pacific Kabelnet Holding Co. Inc. to introduce a new add-on offering for its customers that will provide an all-in-one home entertainment service.

  • Philex Mining profit nearly triples
    by Catherine Talavera on July 30, 2021 at 4:00 pm

    Pangilinan-led Philex Mining Corp. reported a 186 percent jump in its core net income in the first half of the year, driven by sustained level of metal output and high metal prices.

  • Cebu Pacific kicks off employee vaccination
    on July 30, 2021 at 4:00 pm

    The country’s leading carrier Cebu Pacific has rolled out its vaccination program for employees and their dependents, and third-party workers for free.

  • Small retailers, consumers warned on fake cigarettes
    on July 30, 2021 at 4:00 pm

    The Federation of Philippine Industries has warned small retailers such as sari-sari stores and consumers against patronizing illegal cigarettes as they face charges and penalties including jail time.

  • SEC keeps tight watch on fintech firms
    by Iris Gonzales on July 30, 2021 at 4:00 pm

    The Securities and Exchange Commission is casting a wider net on fintech companies to mandate those operating without authorization to register with the SEC.

  • Bank lending shrinks for 7th straight month
    by Lawrence Agcaoili on July 30, 2021 at 4:00 pm

    Loan disbursements by big banks shrank for the seventh straight month, although at a slower pace of two percent in June from four percent in May, as the spread of the COVID-19 Delta variant continued to temper outlook for economic recovery.

  • BSP invests $550 million in sustainable bonds
    by Lawrence Agcaoili on July 30, 2021 at 4:00 pm

    The Bangko Sentral ng Pilipinas raised its investments in sustainable and green bond funds to $550 million as it continues to ramp up sustainable finance framework by encouraging banks to issue more green, social, and sustainability bonds.

  • BSP sees higher inflation in July
    by Lawrence Agcaoili on July 30, 2021 at 4:00 pm

    Inflation likely accelerated to 4.3 percent in July after easing to 4.1 percent in June amid rising pump prices of petroleum products, higher electricity rates and the weaker peso, according to the Bangko Sentral ng Pilipinas.

  • Resto workers, iba pang trabahador sapul na naman ng panibagong ECQ
    by ABS-CBN News on July 30, 2021 at 11:29 am

    Ayon pa sa Resto PH, sana matapos ang lockdown sa itinakdang araw dahil maraming restaurant ang naghihingalo na.

  • BIR probes Lyka for alleged unpaid taxes
    by besguerra on July 30, 2021 at 9:25 am

    MANILA, Philippines — The Bureau of Internal Revenue (BIR) is investigating social media platform Lyka for its alleged unpaid taxes. Internal Revenue Deputy Commissioner Arnel Guballa told the Inquirer Friday that while Lyka was registered with the BIR’s revenue district office (RDO) 39 in Quezon City, it was “not paying taxes.” “I instructed the investigation,” The post BIR probes Lyka for alleged unpaid taxes appeared first on Inquirer Business.

  • PAL says may have to reduce, cancel flights during ECQ
    by ABS-CBN News on July 30, 2021 at 9:12 am

    International and domestic flights to and from Manila will continue operating during the lockdown period but expect possible reduction and cancellations, Philippine Airlines (PAL) said Friday.   

  • Amid an ocean of cash, bank lending falls for 7th straight month
    by tbergonia on July 30, 2021 at 8:57 am

    MANILA, Philippines—Confidence among the country’s creditors and debtors—which has been shaken by the prolonged coronavirus pandemic— remained weak with bank lending declining for the seventh consecutive month in June, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas (BSP) said its preliminary data showed that outstanding loans of universal and commercial The post Amid an ocean of cash, bank lending falls for 7th straight month appeared first on Inquirer […]

  • NCR lockdown announcement sinks PSEi to 2-month low
    by Ramon Royandoyan on July 30, 2021 at 8:38 am

    Local shares sank to their lowest level in over two months on Friday, as investors sold on news that Metro Manila will be back to hard lockdown amid threats posed by the Delta variant.

  • Bank lending declines in June, slower than previous month: BSP
    by ABS-CBN News on July 30, 2021 at 8:32 am

    Consumer loans to residents dropped by 8.6 percent in June from a 9.2 percent decrease in May "as motor vehicle loans and salary-based consumption loans declined further," the central bank said.

  • Cebu Pacific to limit flights during ECQ
    by ABS-CBN News on July 30, 2021 at 7:44 am

    Cebu Pacific on Friday said it would continue operating scheduled flights until Aug. 5 as the government reverted Metro Manila back to enhanced community quarantine or ECQ starting Aug. 6.

  • BSP sees inflation uptick in July driven by fuel, food costs
    by tbergonia on July 30, 2021 at 7:38 am

    MANILA, Philippines—The central bank expects prices of basic goods and services in the country to accelerate at a slightly faster pace in July after declining in June as the rising cost of fuel made itself felt across the economy. In a mobile phone message to reporters, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said The post BSP sees inflation uptick in July driven by fuel, food costs appeared first on Inquirer Business.

  • Japan, US donations boost PH war chest vs. COVID-19
    by tbergonia on July 30, 2021 at 7:32 am

    MANILA, Philippines—Thanks to foreign donors like Japan and the United States, the Philippines’ war chest to fight the prolonged COVID-19 pandemic inched up to $30.46 billion (about P1.53 trillion) or 8.63 percent of gross domestic product (GDP), the Asian Development Bank (ADB) said. The latest update to the ADB COVID-19 Policy Database on Friday (July The post Japan, US donations boost PH war chest vs. COVID-19 appeared first on Inquirer Business.

  • MAP urges gov't to relax rules for faster inoculation as ECQ looms
    by ABS-CBN News on July 30, 2021 at 7:32 am

    The government should increase vaccine supply and hasten the inoculation of the population despite the new lockdown in Metro Manila to offset further damage brought by the pandemic, a business group said Friday.  

  • Gov't to review economic goals as NCR returns to ECQ
    by Ramon Royandoyan on July 30, 2021 at 7:19 am

    Economic managers will revisit their goals after President Rodrigo Duterte approved a proposal to tighten restrictions in Metro Manila.

  • Recovery delays could prompt a 'relook' of PH credit rating: Moody's
    by ABS-CBN News on July 30, 2021 at 5:19 am

    If more COVID-19 lockdowns in the Philippines lead to delays in economic recovery then Moody's Investor Service will be promoted to "relook" at its rating level, its official said Friday. 

  • Hard lockdown in NCR to cost economy P105 billion each week
    by ABS-CBN News on July 30, 2021 at 4:21 am

    The economy could lose P105 billion for each week Metro Manila is under hard lockdown, based on the latest estimate of the National Economic and Development Authority released Friday.

  • Asian stocks fall again as China woes top upbeat recovery outlook
    by ggaviola on July 30, 2021 at 4:13 am

    HONG KONG – Equities fell in Asia on Friday morning, setting them up to end a volatile week on a negative note as China’s regulatory crackdown continued to spook investors. The losses came despite a positive lead from Wall Street, where traders were cheered by data showing the US economy returned to its pre-pandemic size The post Asian stocks fall again as China woes top upbeat recovery outlook appeared first on Inquirer Business.

  • Tough times, tougher entrepreneurs: 10 lessons during a pandemic
    by Robbie Antonio on July 30, 2021 at 3:30 am

    Property tech firm Revolution Precrafted Philippines Inc. found itself in the middle of a supply chain disruption. This resulted in cross-default situations and forced the company to pivot back to core business.

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