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‘Hot money’ outflows continue amid uncertainty

FOREIGN PORTFOLIO investments fled the country’s financial markets for a fourth straight month in June, as the uncertainty over the pandemic continued to weigh on investor sentiment. 

Manila banks on Chinese connection in search of coronavirus vaccine

ARLENE P. CALLEJA, a pediatrician in Legazpi City southeast of the Philippine capital, has been spending the past few months responding to patients’ fears about the coronavirus pandemic.

Ayalas’ IMI incurs loss of nearly $17M after lockdown measures

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) swung to a net loss in the second quarter as the coronavirus disease 2019 (COVID-19) pandemic, together with the lockdowns that followed it, weighed on its global operations.

Gokongweis’ retail group posts 33% profit fall on store closures

EARNINGS of Gokongwei-led Robinsons Retail Holdings, Inc. (RRHI) fell 33% to P719 million in the second quarter due to the closure of some of its stores during the strict lockdown.

北京赛车pk10投注GMA News TV launches ‘new normal’ shows

GMA NEWS TV has launched a series of programs meant to help people navigate “the new normal,” which include discussions of relevant issues, life hacks, and financial advice.

Venice to host first film festival of COVID era

MILAN — Fewer A-list stars will stumble out of parties along the lagoon to be snapped by paparazzi in boats. But organizers of this year’s Venice film festival are promising plenty of movies — on actual screens in front of actual audiences — for the first time since the worldwide pandemic shut showbiz.

PhilPASS Plus to go live by June 2021

A REVAMPED VERSION of the country's real-time gross settlement system for interbank transactions and government collections will go live by June next year, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.

SLAMCI launches global feeder fund

SUN LIFE Asset Management Co., Inc. (SLAMCI) rolled out a global feeder fund which will allow its clients to invest in stock markets around the world using the local currency.

Making yourself indispensable during the pandemic

A man once said: “I’ve got so many troubles that if anything bad happens today it will be two weeks before I can worry about it.” That is to say he’s got a full schedule in terms of managing his many problems and new problems will need to wait.

Gov’t targets to hit 2 million COVID-19 tests by next month

THE GOVERNMENT is targeting to do two million coronavirus tests by August after exceeding its daily testing capacity goal for July to 33,000 tests daily.

Regulator cited for failing to enforce law on speed limits

LAWMAKERS on Thursday flagged the Land Transportation Office (LTO) for failing to enforce a law that limits the speed of public utility vehicles due to supposed technical difficulties.

Moody’s backs PHL sovereign rating if reforms pass Congress

THE Philippine credit profile will remain intact despite the pandemic, provided that Congress manages to avoid political distractions and passes reforms urgently needed for recovery, according to Moody’s Investors Service.

BIR registers more than 3,000 online sellers

AROUND 3,254 online sellers have registered with the Bureau of Internal Revenue (BIR) by the end of July, with the enrolment deadline extended by a month.

北京赛车pk10投注Post-Lenten Calvary

As ardently observed as Christmas in these Catholic isles, Lent was all of four months ago, but ABS-CBN broadcaster and former Philippine Vice-President Noli De Castro recently described what his network is currently going through as a “calvary.”

Lockdown’s ever changing moods

Or rather, moving goalposts. Normally those resorting to it do so because their cause is weak. Or with regard to important issues, a losing argument. Thus, environmental activists went from preventing pollution to preventing depleting resources to preventing global warming to preventing climate change. Or abortionists, contraceptives, euthanasia activists going from eugenics to population control to “compassion” to being a “choice.”

United City Football Club looks to make its own mark

AWARE that it is taking over from a team that was highly successful both here and abroad, new Philippines Football League squad United City Football Club (UCFC) said work is cut out for it but expressed determination to make its own mark in the sport.

Philippine Pro Gaming League grand finals set for this weekend

EXCITING esports action is set to take place this weekend as the Philippine Pro Gaming League (PPGL) holds its grand finals.

Herd immunity seems to be developing in Mumbai’s poorest areas

AROUND SIX in 10 people living in some of India’s biggest slums have antibodies for the novel coronavirus indicating they’ve recovered from infection, in what appears to be one of the highest population immunity levels known worldwide.

Gov’t plans to borrow P170B in Aug.

THE government is planning to borrow P170 billion from the domestic market in August, nearly a fifth lower than the July borrowing program, the Treasury said on Wednesday.

Worst is over for economy, says Diokno

BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno on Wednesday said the “worst is over” for the economy after it already hit the lowest point of the crisis.

RFM trims capex to below P100 million, posts 11% profit rise

RFM CORP. is cutting its capital expenditures (capex) this year to less than P100 million as it preserves liquidity to cope with the coronavirus disease 2019 (COVID-19) pandemic.

Explain overbilling complaints, MWSS orders Maynilad, Manila Water

THE METROPOLITAN Waterworks and Sewerage System (MWSS) Regulatory Office has served a show-cause order to Manila Water Co., Inc. and Maynilad Water Services, Inc. in response to over 400 billing complaints filed by the customers of the two water providers.

Lockdown pushes cloud data protection in PHL

THE LOCKDOWN in the Philippines has caused an acceleration towards cloud data protection as small banks lag behind in technology adoption compared to their Southeast Asian peers.

Pandemic forces Japan’s analog businesses to turn to digital solutions

THE CORONAVIRUS pandemic may be a drag on economies across the globe, but in Japan it’s bringing long-overdue change in work habits and tools.

BSP launches enhanced banknotes

THE BANGKO SENTRAL ng Pilipinas (BSP) launched the latest generation of banknotes equipped with heightened security features, distinction for better recognition and enhanced designs portraying indigenous culture.

RCBC officials face fraud complaint

CURRENT and former officials of Rizal Commercial Banking Corp. (RCBC) face an administrative case filed by a nonprofit organization for alleged fraud.

This hearty sandwich will spice up same-old breakfasts — and lunches

RESTAURANTS across the country are starting to reopen, but there’s one popular dining category that remains out of commission: outdoor food markets. Places like Smorgasburg in Brooklyn’s Williamsburg neighborhood — where crowds line up for pizza cupcakes and ramen burgers — create an environment that’s impossible to manage under COVID-19 restrictions. While Smorgasburg is morphing into Smorg to Go for takeout only, another wildly popular destination in New York, the Queens Night Market, remains closed.

Dining In/Out (07/30/20)

IT WAS National Wings Day yesterday but Yellow Cab is extending the celebration until Sunday. 

北京赛车pk10投注DoJ says it has death certificates of inmates who died of...

THE Department of Justice (DoJ) has received from prison officials the death certificates of 21 inmates who died of the coronavirus, nine of whom were convicted drug traffickers, according to the agency.

北京赛车pk10投注Gyms allowed to open with limited capacity

GYMS and review centers have been allowed to reopen with limited capacity in areas under a general lockdown starting August.

Gov’t ‘studying’ rescue options after meeting with airline industry

THE GOVERNMENT has met with airlines and is “studying various alternatives” for reviving the industry, Finance Secretary Carlos G. Dominguez III said.

Palace orders property tax relief for some IPPs

PRESIDENT Rodrigo R. Duterte ordered the reduction of real property taxes charged against independent power producers (IPP) which participated in partnerships with the government in 2019.

Adapting to change

It is never easy to adapt to change. We are creatures of habit, and tend to get comfortable with “what is” over time. We rarely welcome disruptions. Occasional change can offer us some relief, but nothing more than to break monotony or to keep us relatively dynamic, or to fend off stagnation. However, little change over a long time can also mean little growth.

Every dog has his day

If you look up English idioms involving dogs, there are enough of them to fit a wide range of situations.

US warns vs planting mystery seeds from China

US FEDERAL AGENCIES are investigating suspicious and unsolicited packages of seeds that have been arriving at addresses across America and appear to come from China.

Elite new coach Racela confident wards can make things happen

TASKED to help steer the Blackwater Elite to respectability in the Philippine Basketball Association, new coach Nash Racela said he is confident of his wards making things happen but admittedly in a gradual manner.

北京赛车pk10投注Abelardo seeks to get back to winning in ONE Championship return

SET TO SEE action when ONE Championship makes its comeback tomorrow from a months-long, coronavirus-forced break, Filipino-Kiwi fighter Mark “Tyson” Fairtex Abelardo is angling to make it a winning return for him after losing in his previous fight.

Duterte threat vs telcos weighs on investor sentiment

INVESTOR sentiment against Globe Telecom, Inc. and PLDT, Inc. is turning negative after President Rodrigo R. Duterte threatened to shut down the telecommunications giants if they fail to improve services by December, analysts said.

Senate approves Bayanihan II on final reading

THE Senate on Tuesday approved on third and final reading a measure touted as part of the government’s economic recovery plan.

Ayalas allot P2B for renewables

AYALA-LED AC Energy Philippines, Inc. (ACEPH) will be investing P2.2 billion to its two renewable energy units in part of its earlier commitment to boost investment in new energy technologies.

Pandemic hits Aboitiz group’s first-half profit

ABOITIZ Equity Ventures, Inc.’s (AEV) net income in the first semester plunged by more than half as the global coronavirus pandemic continues to batter its businesses.

Rembrandt and Picasso entice life back to auctions after lockdown

LONDON — Works by Rembrandt, Miro and Picasso are being offered to entice life back to the auction world this week when Sotheby’s holds its first face-to-face sale since the coronavirus in London with a line-up from the Renaissance to the European Avant Garde.

Piano players around the world unite during pandemic for virtual recital

WHEN THE coronavirus forced millions of people around the world into lockdown, many sought ways to connect with others and learn new skills online.

Two private sector representatives to Monetary Board appointed

PRESIDENT Rodrigo R. Duterte reappointed V. Bruce J. Tolentino and named Anita Linda R. Aquino as members of the central bank’s Monetary Board (MB).

Various levels of lockdowns under review — Palace

AN inter-agency task force made up of Cabinet officials was set to review on Tuesday various levels of coronavirus lockdowns across the country, according to the presidential palace.
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