THE PESO was flat versus the dollar on Wednesday as the growth of domestic liquidity and bank lending eased in September and amid developments in trials of vaccines for the coronavirus disease 2019 (COVID-19). The local unit closed at P48.27 versus the dollar on Wednesday, unchanged
By Denise A. Valdez, Senior Reporter THE MAIN INDEX posted losses on Wednesday but remained above the 7,000 mark as some investors resorted to profit taking after Tuesday’s rally. The 30-member Philippine Stock Exchange index (PSEi) dropped 11.22 points or 0.15% to close at 7,024.26, while the
By Gillian M. Cortez and Vann Marlo M. Villegas, Reporters PRESIDENT Rodrigo R. Duterte on Tuesday said the government might borrow $300 million to finance its vaccination program for the coronavirus, which has sickened more than 400,000 and killed almost 8,000 people in the Philippines. In
THE PHILIPPINES won’t end a military pact with the US on the deployment of troops for war games just yet, after it extended the suspension of its termination for six more months, according to its top envoy. The suspension would allow the Philippine government to “find
VICE President Maria Leonor G. Robredo has opposed a plea by losing vice presidential candidate Ferdinand R. Marcos, Jr. and the Office of the Solicitor General for a magistrate to inhibit himself from his election protest due to alleged bias. In a 12-page counter-manifestation, Ms. Robredo
A SENATOR on Wednesday urged Congress to realign a portion of the P68-billion budget for multipurpose buildings next year after flagging 5,913 local infrastructure projects that were poorly built. The money should be spent for the construction of evacuation centers and quarantine facilities, as well as
DoLE recommends lifting of ban on deployment of healthcare workers THE Department of Labor and Employment (DoLE) said it has recommended the lifting of the temporary deployment ban on healthcare workers, but with a limit on the number that will be allowed to leave. “We recommend the
Police partners with Cardinal Santos Medical Center for medical services, training assistance THE Cardinal Santos Medical Center (CSMC) recently signed an agreement with the Philippine National Police (PNP) to provide medical services to members of the force. In a statement on Wednesday, the private tertiary hospital
PLASTICS MANUFACTURERS said they may be forced to close down factories if their supply of raw materials is hindered by safeguard tariffs. The Philippine Plastics Industry Association, Inc. (PPIA) issued the warning in the process of contesting the safeguard measures proposed by the country’s sole domestic
BW FILE PHOTO THE surge in fast-moving consumer goods (FMCG) sales during the holidays will be lower than the usual 20% seen in previous years, a market research company said. Kantar Worldpanel Division Philippines General Manager Marie Anne Lezoraine said that rising unemployment and the continued rise
REUTERS GLOBAL renewable energy investment needs to triple to nearly $800 billion by 2050 in order to meet climate goals set out in the Paris Agreement, an intergovernmental organization said in a report. Funding for renewables must accelerate if the Paris goal of keeping the average global
INVESTING IN WELLNESS holds the potential to boost Asian economies by eliciting more productivity from healthier workers, according to an Asian Development Bank (ADB) economist. The wellness economy is a large and growing part of the region’s overall economy, according to Donghyun Park, principal economist at