The House of Representatives will focus on passing at least seven of Speaker Lord Alan Q. Velasco’s priority bills, including the Coconut Levy Fund bill, the proposed National Land Use Act, and a measure outlining the restructuring of the government, the Majority Leader said Friday. "We
The government will focus on finishing mass transport, water supply, and road projects during the last two years of the government’s term, the administration’s point man for flagship projects said. "Our priorities now are the transport and mobility projects, and also the projects with respect to
AGRICULTURAL damage caused by Typhoon Ulysses (international name: Vamco) was estimated at P969.8 million o Friday, against the previous estimate of P124.3 million, according to the Department of Agriculture (DA). In a bulletin Friday afternoon, the DA said the storm caused the loss of 58,897 metric
Those aged 25-34-years-old are most likely to expect more flexibility in their typical working week in a post COVID-19 world, according to new research. Among 25-34-year-olds, 87% now expect to have input on flexible working moving forward. This is a stark contrast to the older generation
The Philippine National Bank (PNB) said net income rose in the third quarter after going largely against the grain of the industry with reduced provisioning levels during the period, though provisions during the nine months were more than six times their year- earlier levels. PNB earnings
Security Bank Corp. said net profit fell sharply in the third quarter to P1.0 billion from P2.7 billion a year earlier after it raised loan loss reserves “proactively” to P10.1 billion to account for the likely impairment of loan assets due to the pandemic. In the
Philippine Savings Bank (PSBank) reported a sharp decline in net profit for the third quarter, joining an industry-wide trend of increased provisioning as the economy weakened under pressure from a prolonged lockdown. In the three months to September, net income dropped to P36.8 million from P813
NatWest Group is eyeing Sainsbury’s Bank for a potential takeover that could mark the lender’s first major acquisition since its bailout in 2008. The high street lender – formerly known as Royal Bank of Scotland – has approached the grocer for more information about its banking
The Black Friday shopping event will create a surge in vehicle emissions, according to a new report. Lockdown brought an online retail bonanza, and this year’s Black Friday is expected to be the biggest ever, however a report from price comparison website Money.co.uk has said that each delivery
The chief executive of WH Smith has warned he does not expect a Covid-19 vaccine to make any improvement to its travel business for the next six months as the retailer swung to a heavy loss on the back of store closures and redundancy costs. WH
Bosses at Burberry have warned that the government’s plan to scrap duty-free shopping will mean the UK will “lose business” and that it will add a third challenge for the country’s retailers on top of Covid-19 and Brexit. The British luxury brand, which has suffered from
The new owners of Asda have raised hundreds of millions of pounds by selling a stake in EG Group, the petrol stations company. The brothers Mohsin and Zuber Issa, who founded the business that now owns nearly 6,000 petrol stations and who bought the UK supermarket