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‘Hot money’ outflows reach $392M in Aug

By JORDEENE B. LAGARE September 20, 2019 FOREIGN portfolio investments returned to negative territory after $391.74 million of these flowed out of the country in August, according to the Bangko Sentral ng Pilipinas (BSP). Net outflows of these investments, or “hot money” — called as such because of how easily …

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OPPO upbeat on increasing share

By LISBET K. ESMAEL September 21, 2019 OPPO Philippines is optimistic that it would secure a greater share in the Philippine smartphone market, a company executive said, as the firm launched its newest handset. OPPO A9 2020 SERIES LAUNCH (From left) OPPO Philippines Marketing Director Raymond Xia, Chief Executive Officer …

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DBP lends P1.65B for Tarlac solar plant

By JORDEENE B. LAGARE September 21, 2019 THE Development Bank of the Philippines (DBP) has extended a P1.65-billion loan for the construction of a solar power plant in Concepcion town, Tarlac province, to bolster the government’s push in tapping renewable energy (RE) sources in the country. In a statement on …

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Bourse slips on trade war concerns

By TYRONE JASPER C. PIAD September 21, 2019 The stock market slipped from the 7,900 level on Friday as investors again expressed worries over escalating trade tensions between the United States and China. The benchmark Philippine Stock Exchange index (PSEi) fell 0.51 percent or 40.21 points to 7,871.11, while the …

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Economic benefits key to Duterte’s China stance

By LISBET K. ESMAEL September 21, 2019 PRESIDENT Rodrigo Duterte is expected to maintain close ties with China despite its refusal to budge on its disputed claims to the South China (West Philippine) Sea, according to a Fitch Group unit. In a report released on Friday, Fitch Solutions said Duterte’s …

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Pepsi PH stops production of Cheetos, other snacks

By TYRONE JASPER C. PIAD September 21, 2019 LISTED Pepsi-Cola Products Philippines Inc. announced on Friday that it would no longer produce Cheetos and other products in its snack line in the country. In a disclosure on Friday, the listed softdrink firm exlained it was doing so to focus more …

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BARMM OKs P306-M pineapple packing plant in Lanao Sur

The administrative building of the Bangsamoro Autonomous Region in Muslim Mindanao in Cotabato City. (Photo courtesy of BPI – BARMM) COTABATO CITY – More than 700 locals are expected to be employed in the Lanao del Sur town of Wao after the establishment of a PHP306-million pineapple packing plant in …

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Kidapawan LGU delivers free meds to senior citizens’ homes

CARING FOR SENIOR CITIZENS. Kidapawan City Mayor Joseph Evangelista (right) speaks with an elderly citizen during a recent senior citizens’ event in the locality. The mayor has instructed the scheduled door-to-door delivery to senior citizens of their free maintenance medicine that commenced on Sept. 13, 2019. (Photo courtesy of Kidapawan …

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CAAP to recognize 2 honest Bohol airport employees

MANILA — The Civil Aviation Authority of the Philippines (CAAP) will recognize two honest workers of the Bohol – Panglao International Airport (BPIA), who returned items left behind by passengers. “Plans are being made to award Malou Montalban and Christopher Horcasitas, both facility cleaners,” CAAP spokesperson Eric Apolonio told the …

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