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DICT: Huawei issue to have little impact

By LISBET K. ESMAEL May 24, 2019 THE Department of Information and Communications Technology (DICT) on Thursday shrugged off worries about rising tensions between the United States and China-based Huawei Technologies Co. Ltd., saying they only had minimal impact on the local telecommunications sector. “Local telcos have made pronouncements that …

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‘Hot money’ outflows dip to $299M in April

By MAYVELIN U. CARABALLO, TMT May 24, 2019 FOREIGN portfolio investments or “hot money” net outflows reached $298.83 million in April, lower than March’s $739 million and reversing the $279.29-million inflow posted a year ago, Bangko Sentral ng Pilipinas (BSP) data showed on Thursday. According to the central bank, this …

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DoE chief vows CSP integrity, completion

By JORDEENE B. LAGARE May 25, 2019 All the necessary measures will be taken to uphold the recent decision of the Supreme Court (SC) requiring all power supply deals to undergo competitive bidding, the Department of Energy (DoE) said on Friday. ENERGY Secretary Alfonso Cusi revealed he is now compelling …

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PSEi dips on US-China trade-war worries

By ANGELICA BALLESTEROS, TMT May 25, 2019 For the second straight day, the stock market fell on Friday as concerns over escalating trade tensions between the United States and China triggered new selloffs. The benchmark Philippine Stock Exchange index (PSEi) declined by 0.73 percent or 56.94 points to close at …

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Above 6% GDP eyed with ‘catch-up plan’

By MAYVELIN U. CARABALLO, TMT May 25, 2019 THE country’s economic managers will embark on an “expenditure catch-up plan” to offset the negative impact of the delayed 2019 budget on growth. “This morning, the members of the Economic Development Cluster held a meeting to formulate a carefully crafted and bold …

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‘Consider PH credit standing in okaying tax reforms’

By MAYVELIN U. CARABALLO, TMT May 25, 2019 Lawmakers should consider the country’s latest credit rating standing in approving the remaining tax reform proposals of the government, Finance Secretary Carlos Dominguez 3rd said. “I hope that, with this credit rating upgrade recently, the Senate will really consider passing these bills …

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China slams US ‘lies’ about Huawei’s government ties

By AGENCE FRANCE-PRESSE May 25, 2019 BEIJING: China ramped up a war of words with the United States over Huawei on Friday, accusing Washington of spreading “lies” about the telecommunications giant thrust to the center of their escalating trade war. US President Donald Trump. AFP FILE PHOTO The fiery response …

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U.S. FAA investigating Chick-fil-A’s exclusion at Texas airport

FILE – In this Oct. 30, 2018 file photo, Chick-fil-A signage is seen in downtown, Athens, Ga. (Joshua L. Jones/Athens Banner-Herald via AP, File) The Associated Press Published Saturday, May 25, 2019 5:18PM EDT SAN ANTONIO — The Federal Aviation Administration says it’s investigating a decision to exclude Chick-fil-A from …

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