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AREIT Inc. plans 2nd equity offer - 2021-01-04
AREIT Inc., the listed real estate investment trust (REIT) of the Ayala Group, is planning to do a second equity offer in 2022 and more equity funding in 2023.

Ex-cop shot dead in Quezon City - 2021-01-04
A former policeman previously charged for illegal drugs was killed by six suspects on three motorcycles in Barangay Old Balara, Quezon City over the weekend.

OK of law seeking fiscal rules for mining sought
BusinessMirror - 2021-01-04
WITH a digital economy increasing demand for electronics, the chairman of the House Committee on Ways and Means is pushing for the immediate approval of House Bill (HB) 6135 or the Fiscal Regime for the Mining Industry.

MGen raises stake in PFBSI - 2021-01-04
Meralco Powergen Corp., the power generating arm of Manila Electric Co., has hiked its stake in its first solar power project.

Singapore investment unit buys 17.5% stake in AC Energy - 2021-01-04
A unit of Singapore state fund GIC Private Ltd. is acquiring a 17.5 percent stake in AC Energy Philippines Inc. for P20 billion.

Nueva Ecija player wins P34.6 million lotto pot - 2021-01-04
A lone bettor fron Gapan, Nueva Ecija won the jackpot in the 6/49 Super Lotto on Sunday night, the Philippine Charity Sweepstakes Office reported yesterday.

Tourist attractions to implement visitor capacity limits - 2021-01-04
Tourist attractions in modified general community quarantine areas are required to implement visitor capacity limits to avoid overcrowding as they operate, according to the Department of Tourism.

IAS to resolve Nuezca case this week - Sinas - 2021-01-04
The Internal Affairs Service is expected to resolve this week the administrative complaint against M/Sgt. Jonel Nuezca who killed a woman and her son in Tarlac on Dec. 20, Philippine National Police chief Gen.

Quake rocks Quezon province - 2021-01-04
A magnitude-4.4 earthquake rocked parts of Quezon province yesterday, but did not cause any damage, the Philippine Institute of Volcanology and Seismology said.

7 Negros LGUs post no COVID-19 cases - 2021-01-04
The number of towns and cities in Negros Occidental with no reported COVID-19 cases reached seven as of Sunday.

Makati, other LGUs allot funding for COVID-19 vaccines - 2021-01-04
Local governments in Metro Manila have unveiled plans to provide free COVID-19 vaccines to their constituents ahead of the rollout of the mass vaccination program by the national government and the Department of Health.

31 Bilibid inmates catch virus - 2021-01-04
At least 31 inmates of the New Bilibid Prison in Muntinlupa have been isolated after they tested positive for COVID-19 during rapid antigen testing, the Bureau of Corrections reported yesterday.

DOJ sets murder raps vs cops in Jolo slay - 2021-01-04
The Department of Justice has found probable cause to charge nine police officers with four counts of murder and planting of evidence for the death of four Army intelligence officers in Jolo, Sulu in June 2020.

Tondo soccer field turns into vegetable farm - 2021-01-04
The Department of Agrarian Reform has launched an urban garden project in Tondo, Manila to help residents of 17 barangays harvest vegetables which they could sell at affordable prices and cope with the pandemic.

PMA cadets catch COVID-19 - 2021-01-04
The Philippine Military Academy yesterday confirmed that some of its cadets as well as military and civilian personnel tested posi­tive for COVID-19.

Phl aviation faces turbulent ride to recovery - 2021-01-04
The Philippine aviation sector is facing a turbulent ride on its way to recovery with travel restrictions still in place, industry experts said.

PAL resumes flights to Saudi Arabia - 2021-01-04
Flag carrier Philippine Airlines resumed yesterday its passenger flights to Saudi Arabia following a two-week hiatus.

Stock market opens new year on strong note - 2021-01-04
The stock market opened the week and the new year on a strong note. The benchmark Philippine Stock Exchange Composite index (PSEi) gained nearly 58 points to close at 7,197.50, while the broader All Shares index gained 44.

Water from pump near septic tank seen cause of diarrhea outbreak in Davao Occidental town
Philippine Daily Inquirer - 2021-01-04
Health authorities continued to be on their toes following an outbreak of diarrhea cases at a village of Jose Abad Santos town, Davao Occidental province that has already killed a

Alarmed by rise of OSAEC cases, DepEd vows to help strengthen child protection efforts
BusinessMirror - 2021-01-04
The Department of Education (DepEd) expressed alarm over the rise of reported cases of online sexual abuse and exploitation of children (OSAEC) during the pandemic.On Monday, the DepEd reiterated that as an institution dedicated to safeguarding the welfare of its school children and youth,

Ban on alcoholic drinks returns to Dagupan City after COVID-19 surge
Philippine Daily Inquirer - 2021-01-04
The city government brought back a ban on alcoholic drinks starting at 6 p.m. on Monday (Jan. 4) after a surge in COVID-19 cases was reported in the city. The ban was in an executive

DICT reports 500% improvement in free wifi rollout for 2020
Philippine Daily Inquirer - 2021-01-04
The Department of Information and Communications Technology (DICT) on Monday reported "dramatic improvements" in the rollout of its Free Wi-Fi for All Program (FW4A) in

3 dead, 3 missing in Bicol floods - 2021-01-04
Three persons died while three others were reported missing in bad weather that has been prevailing in the Bicol region as well as in other areas of the country since the New Year.

Philippines slaps protective duties vs. car imports - 2021-01-04
The levy will come on top of existing duties paid for by car importers outside Southeast Asia, whose members currently ship in vehicles at zero tariff following the ASEAN trade agreement.

Newly renovated health center offers medical needs to Manileños
Manila Bulletin - 2021-01-04
A testament to its continuing advocacy of providing medical service to communities, SM Foundation recently turned over the newly renovated Tondo Foreshore Super Health Center and Lying-in Clinic in Manila.

DOH ensures readiness of health system capacity for new COVID variant
Gov - 2021-01-04
CALOOCAN CITY, January 4 (PIA) -- The Department of Health (DOH) ensures the readiness of health system capacity following the recent imposition of temporary travel ban to countries with reported cases of the new COVID-19 variant. "Habang tayo ay may ...

Philippines Probes Unauthorized Vaccines Given to Soldiers, Chinese Workers
Bloomberg - 2021-01-04
Philippine President Rodrigo Duterte said he will not allow members of his security team to face a congressional probe for their use of an unauthorized vaccine, warning legislators of a "crisis" if they push through with an investigation.

San Miguel gets 50-year franchise for Airport City project in Bulacan as bill lapses into law
CNN Philippines - 2021-01-04
A law granting a franchise to San Miguel Corporation to build and operate a new international airport in Bulacan for 50 years lapsed into law in December after President Rodrigo Duterte failed to sign the measure on time.

Coal to remain king in Philippines' energy mix despite ban -- Fitch unit - 2021-01-04
Coal will remain the Philippines' top power source over the coming decade despite the recent government ban on coal-powered generators.

DTI imposes additional taxes on imported cars
CNN Philippines - 2021-01-04
Buying an imported car will get more expensive in 2021 as the Trade Department announces additional import duties on imported cars and light commercial vehicles.

CHR to probe killing of construction worker by cop in Pampanga - 2021-01-04
The CHR would launch its own investigation into the death of Federico "Tek" Pineda, its spokesperson Jacqueline De Guia said in a statement Monday.

Customs exceeds watered down target last year - 2021-01-04
Revenues raised by the Bureau of Customs exceeded a watered down target last year but pandemic damage was still obvious from lower collections.

Rising startup SquidPay licensed as an e-money issuer by the BSP - 2021-01-04
SquidPay Technology Inc. can now operate as an e-wallet after obtaining its Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP) this December.

Slack is down on the first workday of 2021
Business Insider - 2021-01-04
Slack said its team was working on resolving an outage. Users have reported issues loading channels and sending messages.

Into the New
BusinessMirror - 2021-01-04
Did its decisions truly prove that its people are its most valuable resource? And if it could not, if the business had to close or downsize, was there an empathic and timely message to the ...

PNP eyes complaint vs Joma Sison over threat in urban areas
Philippine Daily Inquirer - 2021-01-04
MANILA, Philippines -- The Philippine National Police (PNP) is looking at filing a complaint against Communist Party of the Philippines (CPP) founder Jose Maria Sison after the CPP Central Committee

Freezing temperatures sweep S. Korea
Philippine Daily Inquirer - 2021-01-04
Cold waves swept across South Korea, with temperatures falling below 0 degrees Celsius for most parts of the country on Monday. Morning lows ranged from minus 3 C to minus 18 C in the

Cop in Abra town mauled for reminding councilor of curfew, CAR police chief says - 2021-01-04
Police said Councilor Zapata had been reminded earlier Friday night that Dolores, Abra had a curfew from 9 p.m. to 4 a.m.

PHL internet speed continues to improve
BusinessMirror - 2021-01-04
Dynabook Singapore Pte. Ltd. reveals two new business devices in its premium Portégé range - the Portégé X30L-J and... Despite challenges brought about by the COVID-19 pandemic, the country ...

Drone delivery one step closer to reality with new US FAA rules
CNN Philippines - 2021-01-04
For the first time, the US FAA will allow small commercial drones to fly short distances over people and at night without a waiver.

Makati allocates P1 billion for vaccination of city residents - 2021-01-04
The city government of Makati said Monday that it is allocating P1 billion for the free vaccination of its residents.

Covid woes force PHL to cut export outlook to $104B
BusinessMirror - 2021-01-04
AFTER suffering double-digit losses due to the pandemic, the government has decided to reduce export projections for up to 2022 by a fifth to $103.9 billion, from the original $130 billion. In a statement on Sunday,

PhilHealth balks at move to hold premium rate hike
BusinessMirror - 2021-01-04
The Land Transportation Franchising and Regulatory Board (LTFRB) has extended until March 31, 2021 the deadline for the filing... A senior lawmaker is pushing for a swift approval of a measure ...

Auditing the corporate insurance and risk program-A must
BusinessMirror - 2021-01-04
While business interruption insurance may indemnify the company for specific indirect losses such as additional expenses and loss of income, it was apparent that what was more important than a ...

Regulatory compliance ecosystem
BusinessMirror - 2021-01-04
Sixth of a series To appreciate the regulatory compliance ecosystem in the Philippines, it is best to recall the major... IN 2019, the Bureau of Internal Revenue launched its digital ...

Philippine bourse targets more IPOs, REITs this year on recovery hope
Nasdaq - 2021-01-04
Seven Philippine firms plan to go public or offer real estate investment trusts (REIT) this year, the stock exchange said on Monday, representing a spurt in capital market activity in an economy still shaken by the impact of the COVID-19 pandemic.

Cavite records no new COVID-19 case for the first time since ECQ
Philippine Daily Inquirer - 2021-01-04
The province of Cavite has recorded no additional case of the coronavirus disease (COVID-19) for the first time since community quarantine was enforced in March 2020, its

Inflation eased slightly in Dec. -- poll
BusinessWorld - 2021-01-04
INFLATION may have eased slightly in December, as the rise in food prices was tempered by the normalization of supply chains after the spate of typhoons in the prior month. A BusinessWorld poll of 13 analysts last week yielded a median estimate of 3.

PHL may need to boost COVID-19 response if vaccination is delayed
BusinessWorld - 2021-01-04
THE Philippine government may have to roll out more policy measures and increase spending for its pandemic response if the coronavirus disease 2019 (COVID-19) vaccination program is delayed, experts said.

Chilly weather starts off 2021
Philippine Daily Inquirer - 2021-01-04
The country will have rainy weather during the first week of 2021 due to the combined effects of the tail end of a frontal system and easterlies, as well as the prevailing

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