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Monthly Archives: August 2019

G7 leaders to open summit focused on world economy

By ASSOCIATED PRESS August 24, 2019 WASHINGTON, D.C.: US President Donald Trump and other leaders of the world’s most industrialized nations will open their annual Group of Seven (G7) summit over the weekend by discussing the global economy. White House officials said on Thursday (Friday in Manila) that the session …

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Purchase of cellphones, tablets reasonable – LTO

By LISBET K. ESMAEL August 24, 2019 The Land Transportation Office (LTO) has refuted claims against its procurement of communication devices amounting to P3.9 million. In a statement issued Friday, LTO argued that the P3.9 million worth of communication devices spanned for three years, starting 2015 until last year. It …

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PSEi flat as investors remain cautious

By TYRONE JASPER C. PIAD August 24, 2019 TRADING was nearly flat on Friday as investors remained cautious ahead of a key speech from the chairman of the US central bank this weekend and a meeting between President Rodrigo Duterte and Chinese President Xi Jinping next week. The benchmark Philippine …

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Budget deficit narrows to P75.3 billion in July

By MAYVELIN U. CARABALLO, TMT August 24, 2019 THE government posted in July a budget deficit that is narrower than the year-ago shortfall as revenue collections grew faster than state spending, the Bureau of the Treasury (BTr) announced on Friday. In a statement, the Treasury said last month’s P75.3-billion deficit …

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Cignal forges partnership with Netflix

By EDWIN P. SALLAN August 25, 2019 IN an effort to further strengthen its presence in the digital stratosphere, Cignal Entertainment, the original production unit of Cignal TV, is partnering with American streaming giant Netflix and is investing P100 million annually over the next two years to produce more original …

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Orchestrating his move toward unicorn status

By MAAN D’ASIS PAMARAN August 25, 2019 WITH his floppy hair, easygoing demeanor and corporate-casual attire, you would probably mistake Josh Supan for an upwardly mobile young executive in a big multinational firm. In reality, the home-schooled pastor’s son from Davao who describes his family as “middle class” is the …

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How voter turnout might affect who wins in October

Politics·Analysis The Conservatives and Liberals are neck-and-neck in the polls, but could voter turnout benefit one party over the other? Youth turnout helped Liberals win in 2015, but older voters still key to winning in 2019 Young voters came out in record numbers in the 2015 federal election, and Justin …

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Stenson presses on at Scandinavian Invitation

By ASSOCIATED PRESS August 25, 2019 GOTHENBURG, Sweden: Henrik Stenson rolled in six straight birdies around the turn in his 8-under 62 in the second round of the Scandinavian Invitation, leaving the Swede two strokes off the lead held by Matthew Fitzpatrick on Friday (Saturday in Manila). Stenson tapped in …

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