RESIDENTIAL houses are seen in a valley in Tengchong, Yunnan province, in this Aug. 7, 2015 file photo. — REUTERS/STRINGER/FILESBEIJING/HONG KONG — A slew of recent supportive measures will bring China’s cash-strapped property developers much needed relief, but a full recovery of the sector will
ROBERT CLARY (front) and Larry Hovis in a scene from the TV series Hogan’s Heroes.ROBERT Clary, the diminutive Paris-born actor and singer who survived 31 months in Nazi concentration camps but later had no qualms about co-starring in Hogan’s Heroes, the American situation comedy set
Output across much of the economy has fallen to its lowest level since May 2020 as inflation weighs on demand, according to analysis by Lloyds Bank. Twelve of the fourteen key sectors across manufacturing, services and construction experienced a drop in output in October, up from
Facebook is being challenged in the High Court over the personal details it collects on users in a case that threatens the company’s business model. Tanya O’Carroll, 35, a campaigner on technology and human rights, is suing Meta, the parent company of Facebook, because it will
THE PESO ended weaker against the dollar on Monday following hawkish signals from the US central bank, and as renewed coronavirus worries spurred safe-haven demand.The local unit closed at P57.36 versus the dollar on Monday, down by 10 centavos from its P57.26 finish on Friday,
PHILIPPINE SHARES declined on Monday after investors booked profits from the market’s recent rally.The Philippine Stock Exchange index (PSEi) went down by 34.14 points or 0.53% to end at 6,403.24, while the broader all shares index lost 10.67 points or 0.31% to 3,385.96.AB Capital Securities,
Major ports and airports are set to be disrupted by strikes over the Christmas period. The PCS union members in the Border Force are due to take action as part of a dispute over pay, jobs and pensions.Driving tests and payments to farmers could also be
PHILSTAR FILE PHOTOTHE 10-year plan for the shipping industry will be anchored on an increase in shipbuilding and repair yard capacity, the Department of Transportation (DoTr) said on Monday.The department said in a statement that Undersecretary for Planning and Project Development Timothy John R. Batan
THE Philippine Hotel Owners Association (PHOA) said on Monday that inflation will be a challenge for the industry, which hopes to keep rates affordable and raise the value proposition of its offerings to retain customers.“Inflation will be a major factor in travel decisions in 2023.
REUTERSTHE vape industry must improve its tax compliance after having seeking a “loose” regulatory regime, a legislator said, claiming a shift in public opinion that now favors stricter handling of the industry.“They asked for looser regulations, through the Vape Regulation Law, which supplanted many of
ZBYNEK BURIVAL—UNSPLASHSOLAR and wind energy projects will continue to drive the growth of Philippine renewable energy (RE) with additional capacity estimated at 6.8 gigawatts (GW) over the next 10 years, Fitch Solutions Country Risk and Industry Research estimated in a report. In a Nov. 18 report,
REUTERSTHE Federation of Free Farmers (FFF) asked President Ferdinand R. Marcos, Jr. not to extend the effectivity of an executive order setting lower tariffs for rice imports. FFF National Manager Raul Q. Montemayor said in a statement on Monday that lower tariffs do not benefit consumers.Executive
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