News

DATEM welcomes Megaworld’s move to post P893-m counterbond

November 26, 2023
Business
 Jenniffer B. Austria
Construction firm DATEM Inc. welcomed Megaworld Corp.’s move to post nearly P900 million in counterbond to cover the alleged unpaid obligation being claimed by the contractor. The Quezon City Regional Trial Court Branch 105 on Friday lifted the writ of preliminary attachment (WPA) earlier secured by DATEM against Megaworld after the property firm posted a […]
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SEC to review schedule of planned higher fees after meeting business groups

November 26, 2023
Business
 Jenniffer B. Austria
The Securities and Exchange Commission (SEC) said over the weekend it would review the timetable for the implementation of the proposed revised fees and charges after it met with various business groups. SEC commissioner McJill Bryant Fernandez told reporters Friday the new timeline for the implementation of the higher fees would still be approved by […]
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PH products book $1.1-b sales in China expo

November 26, 2023
Business
 Othel V. Campos
Featured Philippine products at the 2023 China International Import Expo (CIIE) generated $1.1 billion in combined purchase and booked sales, up by 67.9 percent from the previous year’s $655 million, the Board of Investments (BOI) said over the weekend. Trade Undersecretary and BOI managing head Ceferino Rodolfo said the figure was the highest so far […]
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BSP seen keeping rates unchanged in December

November 26, 2023
Business
 Julito G. Rada
The Bangko Sentral ng Pilipinas (BSP) may consider pausing again in its last policy meeting for the year, especially if inflation decelerates further and the peso remains stable, an economist said over the weekend. Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a report the BSP could also match the next Federal Reserve […]
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Electronics exports expected to fall 10% in 2023

November 26, 2023
Business
 Othel V. Campos
The Philippine semiconductor and electronics industry expects a 9-percent to 10-percent contraction in export receipts this year as exporters continue to grapple with global headwinds and supply issues. The Semiconductor and Electronics Industry of the Philippines Foundation Inc. (SEIPI) said during a board meeting Friday the decline was quite pronounced in September, where year-on-year electronics […]
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Warner Bros., local company team up to revive PH film market

November 26, 2023
Business
 Darwin G. Amojelar
Warner Bros. Pictures signed an exclusive partnership with a local film company to reawaken the Philippine movie industry. The Hollywood film studio signed an agreement with Filipino firm Mentorque Productions over the weekend to handle the theatrical distribution of horror movie Mallari, its first local mainstream film distribution. “This is the first mainstream Filipino movie […]
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UN report urges bold climate action

November 26, 2023
News
 M. Standard
With global temperatures soaring and greenhouse gas emissions (GHG) reaching unprecedented levels, dramatic action is needed to steer the world away from runaway climate change and align it to the objectives of the Paris Agreement, a major UN report has found. The  2023 Emissions Gap Report, released last week by the UN Environment Program  (UNEP), […]
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Hopes upon treaty to curb plastic pollution

November 26, 2023
News
 Manila Standard
The world needs a “strong, ambitious and just” treaty to cut down on the mass-produced plastics which are helping fuel the climate crisis. Millions of tons of plastic end up in landfills, rivers and the ocean  every year with the potential to enter the food chain, damaging human health and the environment. Ever since the  […]
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COP28 puts agri-food systems in climate focus

November 26, 2023
News
 Manila Standard
Rome―As the world gears up for the 2023 United Nations Climate Change Conference, or  COP28,  in a year with soaring temperatures and progressive extreme weather events, attention is turning towards innovative solutions to address the climate crisis. The scientists from the Intergovernmental Panel on Climate Change (IPCC)  said it earlier this year  the effective solutions […]
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DENR eyeing better R&D on regenerative economy

November 26, 2023
News
 Manila Standard
The Department of Environment and Natural Resources (DENR) is seeking improvements in research and development concerning the circular economy. The DENR’s Ecosystems Research and Development Bureau (ERDB) made the initiative on the back of increasing action towards sustainability in the government and the private sector and rising consciousness to reuse and regenerate materials or products. […]
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