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PDIC: 97% of deposits covered by insurance - 2021-01-28
About 97 percent of the total deposit accounts nationwide are covered by the maximum P500,000 insurance coverage as Filipinos opted to save more amid the COVID-19 pandemic, according to the state-run Philippine Deposit Insurance Corp.

PLDT ramps up broadband capacity - 2021-01-28
Telco giant PLDT Inc. is ramping up its installation and repair capabilities this year to provide better customer experience and meet the sustained demand for broadband connectivity.

San Juan River rehabilitation underway - 2021-01-28
MANILA, Philippines -- The San Juan government has partnered with government agencies and the private sector to clean up San Juan River and its tributaries, according to Mayor Francis Zamora. During the launch of the "Adopt an Estero" rehabilitation ...

Auguring the new head
BusinessMirror - 2021-01-28
DAANG Dokyu ended with a book with the same title, Daang Dokyu: A Festival of Philippine Documentaries. Important events in... THE first 30 minutes of the film Pieces of a Woman must be one of the ...

BI to hire 195 officers - 2021-01-28
The Bureau of Immigration will hire around 195 BI officers to augment the number of personnel deployed at international airports and seaports nationwide, an official announced yesterday.

PNR trains from Indonesia hold inaugural run - 2021-01-28
The Philippine National Railways new trains from Indonesia have started operating at the Metro Commuter Line to provide passengers safer and more convenient rides.

SMIC obtains third Gold Award in Asia Sustainability Reporting - 2021-01-28
SM Investments Corp. attained a Gold Rank for the third straight year for its 2019 Sustainability Report from the Asia Sustainability Reporting Rating organized by the National Center for Sustainability Reporting in Indonesia.

Ayala unit exits SC 6 consortium - 2021-01-28
ACE Enexor Inc., the listed oil and gas exploration and production unit of the Ayala Group, has decided to exit the consortium operating Service Contract No. 6 in northwest Palawan.

2 MRT-3 execs catch COVID-19 - 2021-01-28
MANILA, Philippines -- The Metro Rail Transit Line 3 was hit by another COVID-19 outbreak after two top officials of the MRT-3 tested positive for the virus along with 42 employees, the Department of Transportation (DOTr) announced yesterday. MRT-3 ...

Dead pigs washed ashore in Mindoro negative for ASF - 2021-01-28
The dead pigs found floating along the shores of Oriental Mindoro have tested negative for African swine fever.

Quezon City identifies 24 vaccination sites - 2021-01-28
The Quezon City government has identified 24 sites for the upcoming rollout of the vaccination against COVID-19.

PNP to start using body cameras next month - 2021-01-28
Barring major glitches, operatives of the Philippine National Police involved in anti-narcotics operations will start using body cameras next month.

Power spot market prices to remain low - 2021-01-28
The Independent Electricity Market Operator of the Philippines expects wholesale electricity spot market prices to remain generally low this year despite an increase in demand.

NGCP donates test booths, COVID-19 test kits to Pasay - 2021-01-28
As part of its continuing efforts to help the Filipino people combat the COVID-19 pandemic, the National Grid Corp. of the Philippines donated test booths and COVID-19 test kits to the local government of Pasay City.

MMDA closing U-turn slot in Caloocan - 2021-01-28
Another U-turn slot along EDSA in Caloocan will be closed beginning Feb. 1, the Metropolitan Manila Development Authority said yesterday.

Government rolls out one-stop shop for business registration - 2021-01-28
The government yesterday launched the first phase of the central business portal or online one-stop shop for business registration.

Dacera mom disputes PNP report - 2021-01-28
The mother of flight attendant Christine Dacera disputed yesterday the medico-legal report of the Philippine National Police (PNP), which ruled out foul play in her death.

Tax, financial sector reforms: Light at end of virus tunnel, or bad timing?
BusinessMirror - 2021-01-28
ALL eyes are on the fiscal reforms backed by the Department of Finance (DOF), especially now that the pandemic threatens to wipe out the economic gains of the Duterte administration. Three years after President Duterte signed into law the Tax Reform for Acceleration and Inclusion Act (TRAIN)--the first package

Stocks falter for 3rd day on lingering coronavirus worries - 2021-01-28
Philippine stocks skidded yesterday along with other markets in Asia as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.

GameStop's stock is extremely volatile after Robinhood shuts down trades
CNN Philippines - 2021-01-28
GameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on a roller-coaster ride, Robinhood said it was restricting trading in the red hot stock as well as others.

Pandemic woes impact PH 'hot money' outflows in 2020
CNN Philippines - 2021-01-28
Metro Manila (CNN Philippines, January 28) - The coronavirus pandemic that crippled the global economy and financial system contributed to the decrease in "hot money" outflows in the country last ...

Barangay chairman in Basilan arrested for 2004 killing of businessman
CNN Philippines - 2021-01-28
Authorities arrested on Thursday the chairman of Brgy. Marang in Sumisip, Basilan, who is identified as the leader of a gun-for-hire group and as the prime suspect in the 2004 killing of a businessman.

Chinese group loses USD 10 bn Philippine airport project
Big News - 2021-01-28
In a snub to China Beijing-backed consortium has lost the right to develop a USD 10 billion airport project in the Philippines Nikkei Asia reported

Philippine Economy Shrinks More Than Expected on Weak Demand
Bloomberg - 2021-01-28
The Philippine economy contracted more than economists expected in the fourth quarter, capping its worst year on record, as private consumption remained anemic even as more businesses reopened from lockdowns.

PAL, Cebu Pacific seen to survive COVID-19 bankruptcy fears
CNN Philippines - 2021-01-28
Although air carriers continue to bleed financially as the COVID-19 pandemic cripples the travel sector, airlines can avoid bankruptcy--even with little or no help from the Philippine government. That's according to Avelino D.

President Biden Signs Executive Order After Delivering Remarks On American Manufacturing
Philippine Daily Inquirer - 2021-01-28
U.S. President Joe Biden speaks after signing an executive order related to American manufacturing in the South Court Auditorium of the White House complex on January 25, 2021 in Washington, DC. President Biden signed an executive order aimed at boosting American manufacturing and strengthening the federal government's Buy American rules.

Mariwasa to mark 55 years as top home building solutions provider
Philippine Daily Inquirer - 2021-01-28
Mariwasa, a pioneer in the construction industry, will be marking its 55th year in the business this June with the theme "Moving Forward" and the vision to be a complete home building

British chamber optimistic of 2021 - 2021-01-28
Last year, despite disruptions from the pandemic, the business group had successfully "introduced British brands" to the local market in the food and drink, construction, engineering and automotive sector.

PH economy plunges by record -9.5% in 2020 as Q4 GDP maintains slump
CNN Philippines - 2021-01-28
Metro Manila (CNN Philippines, January 28) -- The Philippine economy shrank by another 8.3% in the last three months of 2020 as the COVID-19 pandemic continues to cripple consumer spending and ...

Rumours and fear dog Philippine plan for coronavirus vaccine drive
Reuters - 2021-01-28
According to one rumour circulating in the Philippines, the coronavirus vaccine will allow President Rodrigo Duterte to kill people at the push of a button.

BPI earnings sink by over a fifth in 2020 - 2021-01-28
In a statement on Thursday, the 169-year-old bank reported a net income of P21.4 billion last year, down 25.7% year-on-year.

Arthaland's Cebu Exchange is PH's largest multi-certified sustainable office tower with WELL(TM) pre-certification
CNN Philippines - 2021-01-28
Metro Manila (CNN Philippines) -- Arthaland Corporation once again proved that it does not only create remarkable "green" buildings and communities but also leads the pack for projects that ...

Philippine regulator approves emergency use of AstraZeneca vaccine
Reuters - 2021-01-28
The Philippines' Food and Drug Administration (FDA) has approved the emergency use of AstraZeneca PLC's COVID-19 vaccine, the second to be approved in the Southeast Asian nation.

Philippine regulator approves emergency use of AstraZeneca vaccine
Reuters - 2021-01-28
The Philippines' Food and Drug Administration (FDA) has approved the emergency use of AstraZeneca PLC's COVID-19 vaccine, the second to be approved in the Southeast Asian nation.

Users can keep numbers when changing telcos starting Sept. 30
CNN Philippines - 2021-01-28
Metro Manila (CNN Philippines, January 28) - You don't have to change your number anymore even if you switch to another mobile service provider beginning Sept. 30. The National Telecommunications ...

Rumours and fear dog Philippine plan for coronavirus vaccine drive
Reuters - 2021-01-28
According to one rumour circulating in the Philippines, the coronavirus vaccine will allow President Rodrigo Duterte to kill people at the push of a button.

Epic battle over GameStop as 'nerds' take on Wall Street - 2021-01-28
An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores.

Two-thirds of world see 'climate emergency' -- UN survey - 2021-01-28
Young and old, rich and poor, respondents in 50 nations home to more than half the global population also chose from a score of policy options to tackle the problem, researchers at the UN Development Programme (UNDP) and the University of Oxford reported Wednesday.

Entire police force of Maguindanao town tests positive for COVID-19 - 2021-01-28
All 25 members of the police force in Pagalungan town have been relieved and placed in quarantine after they tested positive for COVID-19, health and senior police officials said Thursday. The office of Police Brig.

MRT-3 depot under restricted access after confirming COVID-19 cases among personnel - 2021-01-28
(Updated 5:46 p.m.) "Following an initial reported case of COVID-19 among MRT-3 Depot Office Personnel, all Office Personnel undertook an RT-PCR swab test early last week, which resulted in 33 positive cases as of January 20,

Facebook plans to reduce political content in the News Feed
CNN Philippines - 2021-01-28
(CNN) -- Facebook's business continues to fire on all cylinders even as the company faces growing scrutiny from regulators over its acquisitions and from critics for the role its platform may ...

Tesla disappoints Wall Street despite strong profits
CNN Philippines - 2021-01-28
(CNN) -- Tesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The electric car maker reported fourth ...

Everything you need to know about how a Reddit group blew up GameStop's stock
CNN Philippines - 2021-01-28
On one side you have a band of mostly young day traders who coordinate on Reddit to drive up the share price of struggling companies, including GameStop, but also BlackBerry, Macy's and AMC. At least one Reddit user posted that he'd paid off thousands of dollars in student loans with his GameStop gains.

Philippine economy shrinks more slowly in Q4, posts record contraction in 2020
Nasdaq - 2021-01-28
The Philippine economy shrank more slowly in the fourth quarter of last year, official data showed on Thursday, but the economy saw a record full-year contraction in 2020 as it grappled with the fallout of the COVID-19 pandemic.

Public schools bag Youth Health Patrol Awards
BusinessMirror - 2021-01-28
The Philippines is the 10th country in the world and the 1st in Southeast Asia to launch Kids and Diabetes in Schools (KiDS). Co-created by Sanofi and the International Diabetes Federation (IDF) and other partners,

Strictly observe public health standards, Benguet guv reminds
Gov - 2021-01-28
Governor Melchor Diclas stressed the need to protect oneself from the COVID-19 by strictly observing the minimum public health standards, the primary defense against the COVID-19. "We need to maintain and strictly observe the minimum public

The Reddit forum that's freaking out Wall Street briefly went dark, sparking yet another frenzy
CNN Philippines - 2021-01-28
(CNN) -- The Reddit message board that's breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on Wednesday, adding further confusion to a wild day.

Philippines GDP shrinks 9.5% in 2020, worst since 1947
NIKKEI - 2021-01-28
The Philippines ended the pandemic year of 2020 with its worst economic performance since just after World War II in 1947 in what officials say is a consequence of policies to save lives during the COVID-19 crisis.

Apple posts record quarterly revenue on stronger-than-expected iPhone sales
CNN Philippines - 2021-01-28
(CNN) -- Analysts have talked for at least a year about the potential for Apple's first 5G iPhone to drive a "supercycle" of device sales. On Wednesday, Apple's earnings report for the three ...

Thursday weather forecast: Rain showers, partly cloudy skies
Philippine Daily Inquirer - 2021-01-28
The northeast monsoon or "amihan" will bring cloudy skies with rains to parts of Luzon, while the easterlies are forecast to affect the weather in the eastern portion of Visayas and Mindanao on Thursday,

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