February 6, 2023
Stocks decline on profit-taking before key data
PHILIPPINE STOCKS dropped on Monday, with the benchmark index settling below 7,000 on profit-taking as investors await the release of key economic data at home and in the United States. The bellwether Philippine Stock Exchange index (PSEi) went down by 90.77 points or 1.29% to close at 6,936.61 on Monday, while the broader all shares […]
February 6, 2023
Peso down vs dollar on strong job data
BW FILE PHOTO THE PESO slumped against the dollar on Monday following the release of stronger-than-expected US labor data. The local currency closed at P54.39 versus the greenback on Monday, declining by 71 centavos from Friday’s P53.68 finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s trading session at P54.15 […]
February 6, 2023
‘Costly’ missed opportunities from RCEP delay
PHILSTAR FILE PHOTO THE Department of Trade and Industry (DTI) said the Philippines cannot afford further delay in joining the Regional Comprehensive Economic Partnership (RCEP) trade agreement. “The Philippines is the remaining signatory state that has yet to participate in this important trade deal, and this time the Philippines cannot afford not to join. It […]
February 6, 2023
Microgrid firms, NEA in talks over off-grid power crisis
PHILSTAR THE National Electrification Administration (NEA) said it is in talks with the Department of Energy (DoE) to allow microgrid operators to step in and help resolve the looming power shortage in off-grid areas caused by high diesel prices. “A lot of private parties have approached the NEA office. We are in talks with the […]
February 6, 2023
Probe of Sibuyan mining sought
BW FILE PHOTO A SENATOR has sought a probe of nickel and metallic mining operations on Sibuyan island in Romblon province south of the Philippines after residents set up a human barricade to block these activities. “The Senate should hear all stakeholders and unravel the layers of issues that have plagued Sibuyan island for decades,” […]
February 6, 2023
Senate to look into Bangsamoro education
PHILSTAR SENATOR Sherwin T. Gatchalian has filed a resolution seeking an inquiry into the quality of education in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) amid low enrollment rates. “It is important that we assess the challenges facing our countrymen in BARMM when it comes to education,” he said in a statement in Filipino […]
February 6, 2023
Kuwait deployment ban sought
THE CASKET containing the body of slain OFW Jullebee Ranara arrived in Pasay City on Friday night. — PHILIPPINE STAR/MIGUEL DE GUZMAN SENATOR Rafael “Raffy” T. Tulfo has reiterated his call for the Philippines to ban the deployment of Filipino workers to Kuwait after reports of another domestic worker who was allegedly abused by his […]
February 6, 2023
Ex-prison chief faces plunder charge
BUCOR THE BUREAU of Corrections has filed several complaints including for plunder and malversation against suspended Bureau of Corrections (BuCor) chief Gerald T. Bantag. Acting prison chief Gregorio Pio P. Catapang, the complainant, also accused his predecessor of graft before the Department of Justice. Mr. Bantag allegedly conspired with other officials to pocket public funds. […]
February 6, 2023
Bridging and building a progressive future
ANTONIO JANESKI-UNSPLASH Let me first extend the gratitude of the 2023 Board of Governors for the confidence in entrusting to us the stewardship of the Management Association of the Philippines or MAP. I convey my personal thanks for giving me this opportunity to be MAP’s 75th president — the fifth woman to lead this organization […]
February 6, 2023
Bridging and building a progressive future
ANTONIO JANESKI-UNSPLASH Let me first extend the gratitude of the 2023 Board of Governors for the confidence in entrusting to us the stewardship of the Management Association of the Philippines or MAP. I convey my personal thanks for giving me this opportunity to be MAP’s 75th president — the fifth woman to lead this organization […]
February 6, 2023
Love insights for management
MAYUR GALA-UNSPLASH Every February, we are reminded of love — the kind usually associated with romance and kilig. However, for me, this year’s month of love is special but different. In the past, I would reminisce about moments when I first met my wife and how she made me fall for her. This time, though, […]
February 6, 2023
Ten trends in global and Philippine energy
Some developments on the energy front in early 2023, both global and national. 1. Oil and gas prices are now lower than during pre-war Ukraine. Comparing prices last week with Feb. 23, 2022 or a day before Russia invaded Ukraine, Dubai crude is $11/barrel cheaper and WTI crude is $17 cheaper. It’s the same trend […]