DENR’s Manila Bay ‘white sand’ project violates at least five laws — NGOs SEVERAL NONGOVERNMENT organizations (NGOs) claimed that the dumping of crushed dolomite or ‘white sand’ along the coast of Manila Bay by the Department of Environment and Natural Resources (DENR) violated at least five laws that affected fisheries, biodiversity, and marine habitats. In […]
The Philippine economy plunged into recession in the second quarter, as the lockdown halted economic activity. — PHILIPPINE STAR/MICHAEL VARCAS PHILIPPINE gross domestic product (GDP) is expected to shrink by 8% this year, the steepest projected decline among economies in Southeast Asia, according to Fitch Ratings. “Renewed lockdown measures in and around the capital of […]
The private sector is urging the government to streamline policies on mobility amid the pandemic. — PHILIPPINE STAR/MICHAEL VARCAS THE private sector is asking the government for a six-month plan detailing how the Philippines can bounce back from the devastating impact of the coronavirus disease 2019 (COVID-19). “To effectively combat this health crisis, the government […]
The Duterte administration is looking at introducing nuclear energy into the country’s power mix. — REUTERS THE Philippines is unlikely to have an operational nuclear power plant over the next decade despite the government’s move to revive the sector and increasing calls to shun the use of coal, according to Fitch Solutions Country Risk and […]
Only 20% of the 7.6 million Filipinos aged 60 years and above are covered by state-backed mandatory pensions, data from the Philippine Statistics Authority showed. — PHILIPPINE STAR/MICHAEL VARCAS THE government targets to have five million Filipinos with personal equity and retirement accounts (PERA) in the next five years, as it launched an online platform […]
THE Securities and Exchange Commission (SEC) has ordered the permanent shutdown of Fast Track Worldwide, Inc., which it found operating an unauthorized investment scheme. In an Aug. 20 resolution uploaded on its website, the corporate regulator has denied Fast Track’s motion to lift its cease-and-desist order, and has made such order permanent. The company was […]
1 of 5 MASTERS and maps are all the rage this season for Leon Gallery’s Magnificent September Auction, happening live at 2 p.m. on Sept. 19 at the gallery’s salesrooms in Legazpi Village. The word “Magnificent” isn’t an exaggeration in this case. Dominating the lots is Jose Joya’s “Angeles,” with an initial bid of the […]
PHILIPPINE consumption of fast-moving consumer goods has shifted to suit a home-based lifestyle, a report from Nielsen Holdings PLC said. “‘Do-it-yourself’ (DIY) behaviors and demand for in-home branded experiences have persisted even beyond living restrictions and store re-openings in many Southeast Asian markets,” the data measurement firm said in a press release on Tuesday. Around […]
NEW offerings kept coming over the summer: Banksy, George Condo, Zao Wou-Ki. A New York startup that allows investors to buy a tiny stake in paintings by world-class artists for just $20 has seen a surge in demand during the pandemic, according to its founder, and has bought 15 artworks since the onset of COVID-19 […]
VISTA LAND & Lifescapes, Inc. (VLL) continues to eye more residential projects to be launched in the second half of 2020 after a subdued performance in the first half due to the coronavirus disease 2019 (COVID-19) pandemic. In a statement on Tuesday, the Villar-led property developer said it had been recording 70% of its pre-COVID […]