Renewable energy jobs grew globally in 2020 despite COVID-19 crisis

RAWFILM/UNSPLASH BARCELONA — The number of jobs in renewable energy worldwide increased in 2020, despite the huge economic disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic, with the growing industry holding up better than fossil fuels, international agencies said on Thursday. In an annual report on clean energy employment, the International Renewable Energy Agency […]

Russia reports cases of more contagious COVID-19 Delta subvariant

MOSCOW — Russia has reported “isolated cases” of coronavirus disease 2019 (COVID-19) with a subvariant of the Delta variant that is believed to be even more contagious, the state consumer watchdog’s senior researcher said on Thursday. The researcher, Kamil Khafizov, said the AY.4.2 subvariant may be around 10% more infectious than the original Delta — […]

Aswang is the big winner at the 2021 Gawad Urian

The documentary on the war on drugs, Aswang directed by Alyx Arumpac was the night’s big winner at the 44th Gawad Urian awards night, winning Best Picture, Best Director, Best Documentary, and Best Cinematography. The ceremony was held on Oct. 21 and streamed via TVUP YouTube and Manunuri ng Pelikulang Pilipino (MPP)’s Facebook. “It’s a […]

The only way is up: corporate chiefs warn on prices

REUTERS For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of workers, fuel, cargo ships, semiconductors and building materials as the global economy bounces back after pandemic lockdowns have companies from electric car makers to chocolatiers […]

StanChart CEO Lynette Ortiz wins UN Women 2021 Philippine WEPs Awards for Leadership Commitment

Standard Chartered Bank Chief Executive Officer Lynette Ortiz was named UN Women 2021 Philippine Women’s Empowerment Principles (WEPs) Awards Champion in the Leadership Commitment category recently. This category recognizes leaders in corporations who have been instrumental in setting strong corporate commitments inclusive of progressive polices, regulations or practices that aim to promote gender equality in […]

BSP to focus on keeping policy support for economy

Benjamin E. Diokno, Bangko Sentral ng Pilipinas Governor — BLOOMBERG THE CENTRAL BANK will focus on maintaining policy support to help drive economic recovery, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said, adding the Philippines is well-placed to weather the impact of monetary policy tightening in other countries. “Many central banks in advanced […]

Office market showing signs of rebound

PHILIPPINE STAR/ MICHAEL VARCAS By Keren Concepcion G. Valmonte, Reporter THE OFFICE leasing market is beginning to show signs of recovery from the coronavirus pandemic as terminations begin to “meaningfully slow down” in the third quarter, Leechiu Property Consultants (LPC) said on Thursday. Office space demand is expected to reach 450,000-500,000 square meters (sq.m.) by […]

Long Philippine bonds likely out of favor on inflation fears

BW FILE PHOTO MOST SOUTHEAST ASIAN yield curves have flattened in recent months in tandem with a similar move in US Treasuries. The Philippines is an outlier. The spread between five-year and 10-year peso bond yields is near the widest in over a year, with long-dated securities hit by fears about rising supply as the […]