COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. PHILIPPINE shares continued to rally on Wednesday following positive earnings reports from companies, but analysts said the market could consolidate as the week comes to an end. The Philippine Stock Exchange index (PSEi) gained 25.15 points or 0.38% on Wednesday to close at 6,585.21, while the all shares index […]Read More

REUTERS AIRLINES are hoping to meet with the government’s transport agencies next week to seek an extension of the waiver of airport fees as the aviation industry continues to struggle due to the pandemic and lockdowns, the Air Carriers Association of the Philippines (ACAP) said Wednesday. “The government-backed guarantees were discussed as early as Bayanihan […]Read More

PHILIPPINE STAR/ MICHAEL VARCAS AN ECONOMIC recovery for the Philippines could come “sooner than later,” though the main downside will come from the emergence of more infectious variants of the coronavirus, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said in a joint report Wednesday. “The emergence of coronavirus disease […]Read More

PHILSTAR PRIVATE SCHOOLS said they are hoping a bill granting them eligibility for a lower tax rate is signed this month or in September, to remove the distraction of the dispute with the Bureau of Internal Revenue (BIR) and allow them to focus on their core teaching mission. “We are hopeful that the bill can […]Read More

HEDCOR.COM ABOITIZPOWER Corp. unit Hedcor, Inc. has resumed the operations of its three hydroelectric facilities in Bakun, Benguet, after reaching a deal with indigenous groups, which earlier withdrew their consent for the power plants over a royalty dispute. The hydro plants are the 2.4-megawatt (MW) Lower Labay, 3.6-MW Lon-oy, and 5.9-MW FLS hydro facilities. “Hedcor’s […]Read More

SN ABOITIZ THE NATIONAL Irrigation Administration (NIA) and SN Aboitiz Power-Magat, Inc. (SNAP-MI) agreed to a P19.99-million settlement in relation to the use of irrigation water in power operations. The NIA said in a statement Wednesday that the deal is structured as a compensation settlement. The agreement was signed by NIA Administrator Ricardo R. Visaya […]Read More

To address numerous pleas and requests for reconsideration from foreign nationals, the Bureau of Immigration (BI) recently issued an Advisory, allowing a six-month non-extendible grace period to file applications for renewal/extension of their working, student, or resident visas, which expired from March 16, 2020 up to July 4, 2021. The filing period of the extension […]Read More

By Kyle Aristophere T. Atienza, Reporter THE PRESIDENTIAL palace on Wednesday ordered agencies in the Philippine capital and nearby cities to reduce their on-site workers to 20% during the two-week enhanced lockdown meant to contain a more contagious Delta coronavirus variant. Only agencies that provide health and emergency, laboratory and testing, border control and other […]Read More