Business
TUCP seeks protection for burnout employees
May 29, 2019, 2:10 pm
MANILA -- A labor group is urging the Department of Labor and Employment (DOLE) to issue a directive that will provide protection for workers experiencing "workplace burnout," which the World Health Organization (WHO) now classifies as a legitimate medical condition. “There should now be a… Read More
Trump's Japan visit boosts local shares, peso down
May 28, 2019, 7:40 pm
MANILA -- Local stocks edged higher on Tuesday, mirroring gains in Asian markets, while the peso weakened slightly against the US dollar. The barometer Philippine Stock Exchange index (PSEi) increased by 36.28 points or 0.47 percent to 7,761.29. AAA Equities president William Matthew Cabangon said… Read More
FDA orders recall, seizure of imported canned meat
May 28, 2019, 6:23 pm
MANILA -- The Food and Drug Administration (FDA) has ordered the recall and seizure of imported pork meat products in the market as these may be contaminated with African swine fever (ASF). In its Memorandum 2019-048 released on Monday, the FDA directed all importers, distributors, retail outlets,… Read More
Globe launches myBusiness Corner in Cebu
May 28, 2019, 6:21 pm
CEBU CITY -- Globe Telecom unveiled its Globe myBusiness Corner in Cebu on Tuesday at the Globe Store in Ayala Center Cebu here. Cleo Santos, sales head for Globe myBusiness, said the special corner -- the first in the Visayas and Mindanao area and the fourth to be opened nationwide -- will… Read More
NEDA welcomes new national statistician
May 28, 2019, 5:54 pm
MANILA -- The National Economic and Development Authority (NEDA) announced in a statement on Tuesday that Dr. Dennis S. Mapa, will be serving as the new National Statistician and head of the Philippine Statistics Authority (PSA), an attached agency of NEDA. He is preceded by former National… Read More
Avida eyes P2.8-B sales from Cavite residential project
May 28, 2019, 5:53 pm
MANILA -- Ayala-led property developer Avida Land Corp. expects PHP2.8 billion in sales from its new residential project in Imus, Cavite. Avida Land South Luzon Business Area Head Anne Jara said they target to fully sell-out the 370 residential units in the Avida Verra Settings Vermosa this year… Read More
Passage of economic measures to boost investments pushed
May 28, 2019, 4:56 pm
MANILA -- Economists are pushing for the immediate passage of economic reform measures, particularly those that stimulate investment and create new jobs in the country, in the coming 18th Congress. “The objective is to pass the priority bills of LEDAC (Legislative-Executive Development Advisory… Read More
PH lauded for best practices in adopting cloud services
May 28, 2019, 4:15 pm
MANILA -- The technology sector has recognized the Philippines for its best practices in adopting cloud services, even though government agencies supposedly have a long way to go towards fully implementing its use in the delivery of services. Asia Cloud Computing Association (ACCA) Executive… Read More
BSP urges public to be on lookout for fake banknotes
May 28, 2019, 1:29 pm
MANILA -- Monetary authorities called on the public to be wary of counterfeit banknotes, urging them to become familiar with the various security features of Philippine currency. In a statement on Tuesday, the Bangko Sentral ng Pilipinas (BSP) advised the public to "carefully feel, look, tilt… Read More
CAAP remits P3.5-B dividend to nat'l gov't
May 28, 2019, 10:31 am
MANILA -- The Civil Aviation Authority of the Philippines (CAAP) on Tuesday announced that it has remitted PHP3.5 billion in dividends to the national government for 2018, the highest in its history. In an interview with the Philippine News Agency (PNA), CAAP spokesperson Eric Apolonio explained… Read More
NFA assures enough funds for palay procurement
May 28, 2019, 9:59 am
MANILA -- The National Food Authority (NFA) assured farmers nationwide that the agency has enough funds and ready to buy palay through the rest of the year. NFA OIC Administrator Tomas Escarez gave this assurance even as the summer harvest is about to end, to encourage farmers to take advantage of… Read More
Metro Pacific eyes partial divestment from hospital business
May 27, 2019, 8:31 pm
MANILA -- Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) is targeting to sell a percentage of its stake in the hospital business this year in a bid to raise funds for its expansion projects. “I think we've indicated that we might do a partial divestment of our hospital,”… Read More
Piñol wants recall of canned meat amid swine fever fears
May 27, 2019, 8:30 pm
MANILA -- Agriculture Secretary Emmanuel "Manny" Piñol on Monday urged the Food and Drug Administration (FDA) to remove from the shelves of retailers such pork products as Ma Ling that were manufactured August 2018 onwards as these may be contaminated with African swine fever (ASF). Piñol… Read More
Local stakeholders urge DA to suspend meat importation
May 27, 2019, 8:17 pm
MANILA -- With the spread of the dreaded African swine fever (ASF), the latest in Hong Kong and Vietnam, the country's hog raisers and other stakeholders are poised to make a formal appeal to President Rodrigo Duterte for a two-month suspension of importation of pork and pork products. "This will… Read More
Menicon's Bloom Myopia Control Management System launched
May 27, 2019, 7:54 pm
NAGOYA, Japan -- Menicon Co., Ltd. announced on May 24 the launch of the Menicon Bloom Myopia Control Management System, a holistic approach for myopia control management. The launch features the initial introduction of Menicon Bloom Night, an orthokeratology contact lens therapy for myopia… Read More
PAL launches Independence Day seat sale
May 27, 2019, 7:15 pm
MANILA -- Flag carrier Philippine Airlines (PAL) on Monday launched its Independence Day seat sale, wherein over 2 million seats would be up for grabs from May 27 to June 2. "We're basically giving our customers the freedom to fly and enjoy the perks of PAL at incredibly low prices. There is an… Read More
Local markets begin week bearish amid trade war worries
May 27, 2019, 6:32 pm
MANILA -- The local stock barometer slipped while the peso closed slightly lower on Monday on renewed concerns over the on-going trade war between China and United States. The benchmark Philippine Stock Exchange index (PSEi) declined by 22.08 points or 0.29 percent to 7,725.01. “Philippine… Read More
Slow Food eyeing Cordi mountain recipies for int'l promotion
May 27, 2019, 6:11 pm
BAGUIO CITY-- Slow Food International, an Italy-based organization seeking to preserve traditional foods worldwide, has set its sights on the “mountain food” produced in two Cordillera provinces, with hopes of keeping them on dinner tables for future generations to enjoy. “While Slow Food… Read More
DA lifts import ban on Japanese meat
May 27, 2019, 4:02 pm
MANILA -- The Philippines' Department of Agriculture (DA) has lifted the temporary ban on the importation of domestic and wild pigs and their products including pork meat, pig skin, and semen originating from Japan. In Memorandum Order No. 11, DA Secretary Emmanuel "Manny" Piñol said that based… Read More
Estate tax amnesty rules finalized by June
May 27, 2019, 1:52 pm
MANILA -- The Bureau of Internal Revenue (BIR) has conducted public consultations to discuss the proposed Revenue Regulations (RR) to implement the provisions of Republic Act 11213 relative to the Estate Tax Amnesty, officials of the bureau's Public Information and Education Division said in a… Read More
