Business

Figueroa, Ozar chosen as UAAP Player of the Week

October 17, 2023

National University rose to solo second place in the UAAP Season 86 men’s basketball tournament as the University of the Philippines made its best start in the women’s league in 15 years after staying unbeaten in five games.
The post Figueroa, Ozar cho...

UP shoots for 6-0

October 17, 2023

University of the Philippines seeks its sixth straight win as it takes on De La Salle University today (Wednesday) in the UAAP Season 86 men’s basketball tournament at the SM Mall of Asia Arena.
The post UP shoots for 6-0 first appeared on Busine...

US to tighten rules aimed at keeping advanced processors out of China

October 17, 2023

Jenny Leonard, Mackenzie Hawkins, Ian King and Debby Wu | Bloomberg

The Biden administration is refining rules aimed at keeping advanced chips and manufacturing gear out of China, seeking to close loopholes that might help its geopolitical rival gain cutting-edge technologies.
The post US to tighten rules aimed at keep...

Palestinians report intense bombardments in south Gaza where civilians seek refuge

October 17, 2023

Najib Jobain, Ravi Nessman | The Associated Press

KHAN YOUNIS, Gaza Strip—Palestinians in Gaza reported intense bombardments near the southern towns of Khan Younis and Rafah, where Israel ordered civilians to seek refuge, early Tuesday. Details of causalities were not immediately available.
The post P...

BENGUET CORPORATION: Notice of Annual Stockholders’ Meeting

October 16, 2023

Manila Standard

The post BENGUET CORPORATION: Notice of Annual Stockholders’ Meeting appeared first on Manila Standard.

What I learned from Tatang: Employees and colleagues share stories about SM’s Henry Sy, Sr.

October 13, 2023

When the Mall of Asia opened in 2006, Henry Sy, Sr. was walking around the SM Store alongside Ma. Cecilia Abreu, who was then Assistant Vice President for Store Operations. As is usually the case with Mr. Sy, he dropped by the Shoe section, checked the...

PHL nurse stayed with ward, is killed by Hamas

October 13, 2023

Malou Talosig-Bartolome

A FILIPINO nurse who worked as a caregiver in Israel was killed at the height of the attacks of Hamas militants last Saturday, the Department of Foreign Affairs said.
The post PHL nurse stayed with ward, is killed by Hamas first appeared on BusinessMir...

High NTMs, red tape make green tech costlier

October 13, 2023

Cai U. Ordinario

COSTLY red tape has made imported green technologies more expensive in the Philippines, thanks to Non-Tariff Measures (NTMs), according to the World Bank.
The post High NTMs, red tape make green tech costlier first appeared on BusinessMirror.

SEC ‘not anti-business,’ new fees are fair

October 13, 2023

SEC chairman Emilio B. Aquino said the agency has stretched itself on the deadline of its amnesty program, which slaps a one-time fee for all the company’s penalties incurred in the submission of documents such as the general information sheet and the ...

Sliding farmgate prices prompt halt of imported sugar release

October 13, 2023

Jasper Y. Arcalas

BACOLOD CITY —The Sugar Regulatory Administration (SRA) has decided to indefinitely hold the release of over 100,000 metric tons (MT) of imported sugar to the domestic market to arrest falling farm-gate prices.
The post Sliding farmgate prices prompt h...

Hospitality sector sees 55,000 rooms by 2028

October 13, 2023

Ma. Stella F. Arnaldo

THE hospitality industry will be key in lifting the country’s tourism industry and recovering the pre-pandemic arrivals of 8.2 million.
The post Hospitality sector sees 55,000 rooms by 2028 first appeared on BusinessMirror.

PCCI flags risks to business from Mideast war, rate hike

October 13, 2023

Andrea E. San Juan

THE Philippine Chamber of Commerce and Industry (PCCI) has expressed concern that the conflict in the Middle East, which could result in oil price hikes across the globe as well as the Bangko Sentral ng Pilipinas’ (BSP) plan to raise interest...

TRB includes more toll plazas for contactless payment dry run

October 13, 2023

Lorenz S. Marasigan

The Toll Regulatory Board (TRB) on Thursday said six toll plazas on the North Luzon Expressway (Nlex) and the Cavite-Laguna Expressway (Calax) would be included in the contactless toll collection dry run.
The post TRB includes more toll plazas for con...

Neda may tap SARAI agri yield remote sensing tech from UPLB

October 13, 2023

Cai U. Ordinario

The government is exploring the use of satellite technology for real-time monitoring of production areas using remotely sensed images provided through technology developed by the University of the Philippines-Los Baños (UPLB).
The post Neda may tap SAR...

Philippines set to procure avian flu vaccine–PBBM

October 13, 2023

Samuel P. Medenilla

President Ferdinand R. Marcos Jr. on Thursday announced that the country is set to buy avian influenza (AI) vaccines to ensure the protection of the local poultry industry from the dreaded disease.
The post Philippines set to procure avian flu vaccine...

DENR chief highlights role of village officials in disaster risk reduction

October 13, 2023

Jonathan L. Mayuga

Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga underscored the importance of the local government units (LGU) in reducing the risk of disaster and ensuring sustainable development.
The post DENR chief highli...

Not a threat, but a tool: Experts share insights on why smart use of AI can help humans work and live better

October 12, 2023

ASK any executive today on the driving force of innovation and the most probable answer you may get is artificial intelligence.
The post Not a threat, but a tool: Experts share insights on why smart use of AI can help humans work and live better fir...

In drive for better global accounting rules, insurance contracts now more transparent

October 12, 2023

Jasper Y. Arcalas

STANDARDS are in place to ensure a level of quality across comparable things. But standards are not set in stone. They are bound to change—to adapt to the needs of the times.
The post In drive for better global accounting rules, insurance contracts ...

Despite Neda caution, BSP to still hike rates

October 12, 2023

Cai U. Ordinario

DESPITE the warning of the National Economic and Development Authority (Neda) on the ill effects of further monetary tightening on the economy, the Bangko Sentral ng Pilipinas (BSP) remains undeterred in its hawkish stance and still intends to raise in...

Criminals could use leaked PhilHealth data, privacy body warns banks, hospitals, telcos

October 12, 2023

Andrea E. San Juan

THE National Privacy Commission (NPC) has issued a “Guidance” to all Personal Information Controllers (PICs) and Personal Information Processors (PIPs) to underscore the urgent concern posed by the potential proliferation of counterfeit PhilHealth Iden...

Application on LBP-DBP merger not yet with BSP

October 12, 2023

Cai U. Ordinario

THE Bangko Sentral ng Pilipinas (BSP) has not received an application for the merger of the LandBank of the Philippines (LBP) and the Development Bank of the Philippines (DBP).
The post Application on LBP-DBP merger not yet with BSP first appeared on B...

SEC defends move to raise fees, to meet business groups

October 12, 2023

THE Securities and Exchange Commission has defended its move to increase its fees and charges, saying it made a thorough and careful study of the hike.
The post SEC defends move to raise fees, to meet business groups first appeared on BusinessMirror.

Tax court rules for BIR in ₧1.26-B Nestle bid for refund of sugar tax

October 12, 2023

Andrea E. San Juan

THE Bureau of Internal Revenue (BIR) has won the P1.26-billion tax case filed by one of the world’s largestfood and beverage companies, Nestle Philippines, Inc.
The post Tax court rules for BIR in ₧1.26-B Nestle bid for refund of sugar tax f...

Judiciary moves forward, blending tech and humanware for responsive courts

October 12, 2023

Joel R. San Juan

IN 2020, the coronavirus disease (Covid-19), which originated in China, hit the Philippines.
The post Judiciary moves forward, blending tech and humanware for responsive courts first appeared on BusinessMirror.

BOI amends SIPP for Mass Housing

October 12, 2023

Andrea E. San Juan

THE Board of Investments (BOI) has issued amendments to the 2022 Strategic Investment Priority Plan (SIPP) in relation to Mass Housing.
The post BOI amends SIPP for Mass Housing first appeared on BusinessMirror.

DTI: Energy, research projects top new deals with Aussie firms

October 12, 2023

Andrea E. San Juan

TRADE and Industry Secretary Alfredo E. Pascual said more business agreements have been signed with Australian firms particularly in the areas of energy and research.
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Bong Go advocates for improved working conditions, benefits for Barangay Health Workers during BHW Cebu Summit

October 9, 2023

Bong Go advocates for improved working conditions and benefits for Barangay Health Workers as he attended BHW Cebu Summit
The post Bong Go advocates for improved working conditions, benefits for Barangay Health Workers during BHW Cebu Summit first appe...

450 Pinoys in Israel war zone; govt orders full ops

October 9, 2023

Samuel P. Medenilla and Malou Talosig-Bartolome

PRESIDENT Ferdinand R. Marcos Jr. on Sunday announced all concerned government agencies have been mobilized to ensure the safety of Filipinos in Israel after it suffered surprise attacks from militant Hamas forces during the weekend.
The post 450 Pinoy...

Aussies cite robust trade, education ties with PHL

October 9, 2023

Andrea E. San Juan and Jovee Marie N. de la Cruz

WITH growing optimism surrounding the country’s economic landscape, a senior trade and investment commissioner said Australia is deepening its trade, economic, and educational links with the Philippines.
The post Aussies cite robust trade, educati...

El Nido Resorts listed anew among ‘Best’ in the world

October 9, 2023

Ma. Stella F. Arnaldo

Ma. Stella F. Arnaldo / Special to the BusinessMirror
The post El Nido Resorts listed anew among ‘Best’ in the world first appeared on BusinessMirror.

PHL raises $1.26B, above target, in 2nd sale of RDBs

October 9, 2023

Jasper Y. Arcalas

THE Marcos Jr. administration raised $1.26 billion from its tender of retail dollar bonds (RDBs), exceeding the $1-billion borrowing target from the country’s second sale of RDBs.
The post PHL raises $1.26B, above target, in 2nd sale of RDBs first appe...

NFA ready to borrow to buy 500K mt palay from farmers

October 9, 2023

Jasper Y. Arcalas

STATE-RUN National Food Authority (NFA) stands ready to borrow money from state-run banks should it need more cash in meeting its target of buying 500,000 metric tons (MT) of palay from local farmers this harvest season.
The post NFA ready to borrow to...

‘More things must be done to make EPR law succeed’

October 9, 2023

Roderick L. Abad

CAGAYAN DE ORO—While more and more industry players are seen likely to join in the national effort to successfully implement the Extended Producer Responsibility (EPR) Act, more things should be done in terms of refining its rules, as well as enforcing...

‘National wealth use’ share of LGUs projected to reach P12.8B in 2024

October 9, 2023

Jovee Marie N. de la Cruz

LOCAL governments hosting mineral mining and energy development within their regions are poised to receive a collective share of P12.8 billion from the national treasury’s income derived from the commercial utilization of the nation’s natural resources...

Marcos to discuss disaster readiness with UN officials

October 9, 2023

Jonathan L. Mayuga

THE Special Representative of the United Nations Secretary-General (SRSG) for Disaster Risk Reduction H.E. Mami Mizutori and key government officials will visit the Philippines to meet with Pres. Ferdinand Romualdez Marcos Jr. and members of His Cabine...

BI starts procurement process for body cams

October 9, 2023

Joel R. San Juan

THE Bureau of Immigration (BI) announced last Sunday the agency has started the procurement process for body cameras that will be used by secondary inspectors of the agency.
The post BI starts procurement process for body cams first appeared on Busines...

Ed Sheeran releases new album, ‘Autumn Variations’

October 8, 2023

Announced last month, Ed Sheeran said of Autumn Variations -“Last autumn, I found that my friends and I were going through so many life changes. After the heat of the summer, everything either calmed, settled, fell apart, came to a head or imploded.”
T...

Smart, Viu bring TWICE to Philippine Arena for two-day sold-out concert

October 8, 2023

The Philippine Arena was a sea of candybongs over the weekend as the South Korean girl group TWICE sold out their two-day TWICE 5TH WORLD TOUR ‘READY TO BE’ concert last Sept. 30 and Oct. 1, powered by the Philippine’s Best Mobile Network Smart Communi...