Senators say energy security at stake; DoE says $565-M deal still under scrutiny LAWMAKERS on Tuesday questioned the technical capability of a subsidiary of Udenna Corp. to participate in the Malampaya offshore gas-to-power project, whose operator signified its intention to sell its stake in the
The European Commission has charged Amazon with breaking competition rules, accusing it of abusing its dominant position in online retail. It said the tech firm used data on third-party sellers that use its marketplace to gain an advantage. It also launched a fresh investigation into the possible
The company behind foods such as gravy brand Bisto, custard-maker Ambrosia and Mr Kipling’s cakes says people turned to comfort foods during the pandemic. Premier Foods credited “exceptional” demand throughout lockdown for strong sales and profit figures for the past six months. It said it had gained
By Denise A. Valdez, Senior Reporter THE BELLWETHER Philippine Stock Exchange index (PSEi) stepped into the 7,000 level on Tuesday, reaching its highest level since February, as positive development on a possible coronavirus disease 2019 (COVID-19) vaccine improved investor sentiment across the globe. The main index closed
THE PESO weakened versus the dollar on Tuesday as the daily tally of coronavirus disease 2019 (COVID-19) cases increased again and after the government posted a worse-than-expected economic contraction in the third quarter. The local unit closed at P48.27 versus the dollar on Tuesday, declining by
THE DEPARTMENT of Health (DoH) reported 1,347 coronavirus infections on Tuesday, bringing the total to 399,749. The death toll rose by 14 to 7,661, while recoveries increased by 187 to 361,919, it said in a bulletin. There were 30,169 active cases, 83% of which were mild, 9.4%
THE GOVERNMENT and private sector have started an anti-hunger movement that seeks to eradicate hunger and malnutrition in the country. “Hunger persists as a complex, multidimensional problem which we face as a nation,” Cabinet Secretary Karlo Alexei B. Nograles, who heads an inter-agency task force against
THE SUGGESTED retail prices (SRP) for food products used for the traditional Christmas eve feast, or noche buena, will be kept after the Trade department released the same price list from a year earlier. The SRP that took effect on Tuesday will cover ham, fruit cocktail,
THE PRESIDENTIAL Electoral Tribunal has warned parties in the poll protest of losing vice presidential candidate Ferdinand R. Marcos, Jr. not to discuss the case to the media. In a statement, the court’s Public Information Office said the tribunal had reiterated its order for the parties
Damage from 4 typhoons estimated at P38B THE four typhoons that hit the country since late October has cost the country about P38 billion in output losses, but Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Tuesday this remains a “manageable” amount. Citing preliminary data,
Tropical storm Ulysses intensifies as it nears Bicol TROPICAL cyclone wind signal #2 was up as of Tuesday afternoon in several provinces in the Bicol Region as tropical storm Ulysses intensified while approaching land. Weather bureau PAGASA, in its 5 p.m. bulletin, warned of “damaging
THE Senate Finance Committee approved the chamber’s version of the P4.5-trillion 2021 budget bill with a hefty increase in vaccine funding, setting the stage for two weeks of deliberations with a target date of passage of Nov. 24. The 2021 spending plan, according to the committee’s