April 15, 2021
Moratorium on mining projects lifted
A view of nickel ore stockpiles at DMCI Mining Corp.’s mine in Sta. Cruz, Zambales, Feb. 7, 2017. — REUTERS/ERIK DE CASTRO By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Rodrigo R. Duterte finally lifted the nine-year moratorium on new mineral agreements, in a bid to boost revenues as the country recovers from the pandemic. […]
April 15, 2021
Moratorium on mining projects lifted
A view of nickel ore stockpiles at DMCI Mining Corp.’s mine in Sta. Cruz, Zambales, Feb. 7, 2017. — REUTERS/ERIK DE CASTRO By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Rodrigo R. Duterte finally lifted the nine-year moratorium on new mineral agreements, in a bid to boost revenues as the country recovers from the pandemic. […]
April 15, 2021
Cash remittances growth fastest in five months
By Luz Wendy T. Noble, Reporter MONEY sent home by overseas Filipino workers (OFWs) in February jumped by its quickest pace since September last year, as key economies began reopening after the widespread rollout of coronavirus disease 2019 (COVID-19) vaccines. Inflows rose 5.1% to $2.477 billion from $2.358 billion in February 2020, based on data […]
April 15, 2021
Cash remittances growth fastest in five months
REUTERS By Luz Wendy T. Noble, Reporter MONEY sent home by overseas Filipino workers (OFWs) in February jumped by its quickest pace since September last year, as key economies began reopening after the widespread rollout of coronavirus disease 2019 (COVID-19) vaccines. Inflows rose 5.1% to $2.477 billion from $2.358 billion in February 2020, based on […]
April 15, 2021
BSP tightens know-your-employee rules for banks
BSP CIRCULAR No. 1112, signed by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on April 8, directed banks to apply adequate policies, risk management and control measures in hiring and performance management of bankers. Under the new rules, banks will now have to use BSP records to screen applicants, where findings will be […]
April 15, 2021
BSP tightens know-your-employee rules for banks
BW FILE PHOTO BSP CIRCULAR No. 1112, signed by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on April 8, directed banks to apply adequate policies, risk management and control measures in hiring and performance management of bankers. Under the new rules, banks will now have to use BSP records to screen applicants, where […]
April 15, 2021
Philippines hopeful of vaccine manufacturing investments by 2022
The Philippines is hoping to attract investments for domestic vaccine manufacturing. — PHILIPPINE STAR/ MICHAEL VARCAS INVESTMENTS for domestic vaccine manufacturing could start coming into the Philippines by next year, Trade Secretary Ramon M. Lopez said on Thursday. Several firms are in talks with technology providers to locally produce coronavirus disease 2019 (COVID-19) vaccines. “Hopefully, […]
April 15, 2021
Philippines hopeful of vaccine manufacturing investments by 2022
The Philippines is hoping to attract investments for domestic vaccine manufacturing. — PHILIPPINE STAR/ MICHAEL VARCAS INVESTMENTS for domestic vaccine manufacturing could start coming into the Philippines by next year, Trade Secretary Ramon M. Lopez said on Thursday. Several firms are in talks with technology providers to locally produce coronavirus disease 2019 (COVID-19) vaccines. “Hopefully, […]
April 15, 2021
Fruitas incurs losses as pandemic hits food sector
FRUITAS Holdings, Inc. recorded a P48-million net loss last year due to lower consolidated revenues caused by the temporary closure of some of its stores amid the coronavirus disease 2019 (COVID-19) pandemic. In a stock exchange disclosure on Thursday, the listed food and beverage kiosk operator said consolidated revenues dropped 54% to P892 million in […]
April 15, 2021
Fruitas incurs losses as pandemic hits food sector
COMPANY HANDOUT FRUITAS Holdings, Inc. recorded a P48-million net loss last year due to lower consolidated revenues caused by the temporary closure of some of its stores amid the coronavirus disease 2019 (COVID-19) pandemic. In a stock exchange disclosure on Thursday, the listed food and beverage kiosk operator said consolidated revenues dropped 54% to P892 […]
April 15, 2021
GMA Network’s income jumps as ad revenues surge
LISTED media company GMA Network, Inc. saw its attributable net income surge 128.57% to P5.98 billion last year as revenue from its advertising business increased. This compares to the P2.62-billion net income attributable to equity holders of the parent company recorded in 2019, according to GMA Network’s annual report filed with the stock exchange on […]
April 15, 2021
GMA Network’s income jumps as ad revenues surge
BW FILE PHOTO LISTED media company GMA Network, Inc. saw its attributable net income surge 128.57% to P5.98 billion last year as revenue from its advertising business increased. This compares to the P2.62-billion net income attributable to equity holders of the parent company recorded in 2019, according to GMA Network’s annual report filed with the […]