World News
BPI looking to raise P5 billion from 1.5-year bonds next month
BANK of the Philippine Islands (BPI) is looking to raise P5 billion from 1.5-year bonds to be offered next month, with the proceeds to go to funding requirements for small businesses. The papers, called BPI Reinforcing Inclusive Support for MSMEs Bonds (BPI RISE Bonds), will be offered from Jan. 9-20,…
Read More »Airbnb: Filipinos more flexible in travel
REUTERS MORE Filipinos have become flexible in their travel plans after mobility restrictions were relaxed, according to online home-sharing platform Airbnb. Airbnb said in a statement that its online survey showed 65% of Filipinos are more flexible in terms of their type of holidays and time of travel, while one…
Read More »National Government outstanding debt
THE NATIONAL GOVERNMENT’S (NG) outstanding debt hit a record high of P13.64 trillion as of end-October, driven by more domestic and foreign borrowings, the Bureau of the Treasury (BTr) said on Wednesday. Read the full story. Neil
Read More »Apple scales back self-driving car and delays debut until 2026
APPLE, Inc. has scaled back ambitious self-driving plans for its future electric vehicle (EV) and postponed the car’s target launch date by about a year to 2026, according to people with knowledge of the matter. The car project, dubbed Titan inside the company, has been in limbo for the past…
Read More »PAL to link PHL, Western Australia with nonstop flights
Philippine Airlines (PAL) planes are seen parked on tarmac in Manila International Airport in Pasay city, Sept. 9, 2014. — REUTERS/ROMEO RANOCO/FILE PHOTO FLAG carrier Philippine Airlines (PAL) said on Wednesday that it will launch regular services between Manila and Perth, the capital of Western Australia, starting in March next…
Read More »TDF rates rise as inflation hits 14-year high in Nov.
BW FILE PHOTO YIELDS on the central bank’s term deposits rose on Wednesday as inflation hit a 14-year high in November, which may prompt the Bangko Sentral ng Pilipinas (BSP) to continue raising borrowing costs. Demand for the BSP’s term deposit facility (TDF) reached P392.591 billion on Wednesday, below the…
Read More »Orange foliage emulated in autumn recipe
FALL is the season of bounty, commonly associated with orange pumpkins of all sizes. Chef-educator Margarita Marty brings the spirit of Autumn straight to the table through her very own Tortilla Leaves with Butternut Squash and Chickpea Dip. Marty, the chairperson of the Culinary Arts of the De La Salle-College…
Read More »Data center firm Digital Edge enters the country
DIGITAL EDGE (Singapore) Holdings Pte. Ltd.’s new data center in Manila will be ready for service in March next year, it announced on Wednesday. The completion of the 10-megawatt data center “marks the debut of Digital Edge into the Philippine market,” the data center platform company said in an e-mailed…
Read More »DMCI Power plans solar in its energy mix
UNSPLASH DMCI Power Corp. targets to include solar energy in its energy mix in 2023, the power generation arm of DMCI Holdings, Inc. announced on Wednesday. “Next year, we are targeting to include solar energy in our mix. We have a four megawatts (MW) solar plant that’s set to operate…
Read More »Philippine labor force situation (Oct. 2022)
THE UNEMPLOYMENT RATE eased to 4.5% in October, returning to the record-low level last seen in October 2019 before the coronavirus pandemic hit, the Philippine Statistics Authority (PSA) said. Read the full story. Neil
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Airbnb: Filipinos more flexible in travel
REUTERS MORE Filipinos have become flexible in their travel plans after mobility restrictions were …
