Category: TopNews

PH logs 18,659 new Covid-19 cases

THE Philippines logged 18,659 new cases of the coronavirus disease 2019 (Covid-19), pushing the total to 2.453 million, although there were no recorded deaths on Friday, according to the Department of Health (DoH). The “zero” deaths was due to a glitch in the CovidKaya system, which the Department of Information and Communications Technology (DICT) is […]

China — When a giant must fall

MY assessment of the situation with China Evergrande in China is that it is not, and will not be, a comparable situation with the decline of Lehman Brothers during the global financial crisis just over 10 years ago. After all, the American investment bank was a bank and the closure of the bank also became […]

The injustice behind Parex

THE Pasig River Expressway (Parex) project of San Miguel Corp. (SMC) is a proposed six-lane elevated expressway that will traverse the length of the Pasig River, about 19.37 kilometers of new concrete structures that will sit above the Pasig River. This month, the Toll Regulatory Board (TRB) approved and signed a Supplemental Toll Operations Agreement […]

BSP net profit climbs to P48B

The net profit of the Bangko Sentral ng Pilipinas (BSP) climbed by triple digits in the first seven months of the year, according to figures released on Friday. The central bank’s financial statement showed that it netted P48.71 billion over the period, up from P13.90 billion a year ago. There was no explanation given for […]

Plans for PCIC reorganization bared

Finance Secretary Carlos Dominguez 3rd revealed the plans for the reorganization of the government-owned Philippine Crop Insurance Corp. (PCIC), following its transfer to his department. According to the Department of Finance (DoF), the members of the reconstituted PCIC Board formalized the election of Dominguez as chairman and Agriculture Secretary William Dar as vice chairman during […]

DUs refund P20B to customers

THE Energy Regulatory Commission (ERC) has directed power distributors to refund P20 billion to their customers. The ERC, in its recent report to the House of Representatives, said the amount represents the amount of discount granted to customers, the market transaction fee refund and over recoveries in the pass-through and distribution charge. “Upon evaluation and […]

Agri-agra loans climb at end-June

BANK loans to the agriculture and agrarian reform sector climbed by 13.60 percent at the end of June this year, according to the Bangko Sentral ng Pilipinas (BSP), but fell short of the mandated amount. As of end-June 2021, the banking system has set aside P789.60 billion for the sector, up P94.53 billion from P695.06 […]

Design Futures: The Future is Now

The Design Center of the Philippines will stage the 2021 edition of the International Design Conference on September 23 to 24 in a virtual design conference format. CONTRIBUTED IMAGE NOW on its 5th edition of International Design Conference (IDC) the theme Design Futures: The Future is Now. Inspired by the words of Mahatma Gandhi, “The future […]

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