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Lowry rallies Raptors to sixth straight win, Warriors up next

LOS ANGELES: Kyle Lowry tallied 24 points as the NBA-leading Toronto Raptors continued their dominance by storming back from a 17-point deficit to beat the resurgent Memphis Grizzlies 122-114 on Tuesday (Wednesday in Manila). Four-time all-star Lowry, who also had six assists, has now scored in double figures in 16 …

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P35.1B pledged for Marawi City

THE Philippines has raised P35.1 billion in pledges from the international community for the ongoing rehabilitation and reconstruction of war-torn Marawi City, the Finance department said on Wednesday. In this photo taken on March 28, 2018 shows an aerial shot of bombed-out houses in Marawi City, in southern island of …

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MB member pushes rice industry reforms

The government should continue to implement reforms and invest in the rice industry to keep prices of the staple low, a Monetary Board member said. Victor Bruce Tolentino Speaking at the Bangko Sentral ng Pilipinas on Wednesday, Monetary Board member Victor Bruce Tolentino — former deputy chief of the International …

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Taxation of premiums on group health insurance

EUNEY MARIE MATA-PEREZ Medical and hospitalization costs in the Philippines are not cheap and could be daunting for ordinary employees. Thus, to cover these costs, many employers obtain group health insurance plans or “health cards” for their employees or contribute to health and hospitalization benefit plans. The issue arises on …

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Thailand, Vietnam bag PH rice import contracts

Thailand and Vietnam have finally accepted the Philippines’ reference price for a rice tender, allowing the National Food Authority (NFA) on Wednesday to award government to government contracts to supply of 203,000 metric tons (MT) of the grain. An attendant checks the empty container of NFA rice at the Commonwealth …

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Oil price drop to benefit PH

A recent drop in oil prices is a boon for emerging Asia and the Philippines in particular, London-based Capital Economics said. An attendant refills a vehicle with gasoline at a station in Pasay City. PHOTO BY RUSSELL PALMA “Most countries in the region are net oil importers (Malaysia is the …

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WTI oil price slides under $50 per barrel

LONDON: One of the world’s major oil contracts, New York’s WTI, slumped under $50 per barrel on Thursday, reaching the lowest level in nearly 14 months. WTI and Brent North Sea crude, another benchmark contract, have been tumbling for weeks on fears of a supply glut—despite oil kingpin Saudi Arabia …

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