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 […]
Duterte pleads for peace as 2022 polls draw near
AS the 2022 nationals and local polls draw near, President Rodrigo Dutetre on Friday renewed his appeal for peace, saying he would be forced to use the “might of the military” just to ensure the election is peaceful and violence-free. In his speech during the inauguration of the new Sultan Kudarat Provincial Hospital, Duterte expressed […]
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 […]
PH Malditas football team qualifies for Women’s Asian Cup
The Philippine women’s football team qualified for the 2022 AFC Women’s Asian Cup, as the Malditas topped Hong Kong, 2-1, Friday evening (Philippine time) at the JAR Stadium in Tashkent, Uzbekistan. The Malditas, who just needed a draw to advance, went for the jugular and topped Group F in the Asian Cup Qualifiers with six […]
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 […]