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Officials head for Japan to pave way for planned ‘samurai’ bond...

A PHILIPPINE government team will head for Japan this week to present investment opportunities in the country, setting the tone for a planned “samurai” bond sale, the Department of Finance (DoF) said in a statement over the weekend.

Malaysia power shift hits China infrastructure drive

KUALA LUMPUR -- Malaysia was once a loyal partner in China’s globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative.

Tan-led Infracorp eyes O&M partner for Skytrain

INFRACORP Development, Inc. is currently looking for an operations and maintenance (O&M) partner for its P3.5-billion Skytrain project, saying it is speaking with several firms from Austria, France, Japan and China.

Cuba hopes to avoid importing sugar, will reduce future exports

HAVANA -- Cuba, short on sugar for domestic consumption after a disastrous harvest, hopes to avoid importing by drawing on its reserves and plans to begin the coming harvest early, industry officials told Reuters.

A Filipino Company

“LUXURY” isn’t what immediately comes to mind when you say “local.” But luxury retailer Rustan’s makes the local chic with its exhibit Celebrating the Finest of the Philippines which is on view at the fifth Floor of Rustan’s Makati until June 22.

Brazil’s BRF board elects Chairman Parente as new CEO

SAO PAULO -- The board of Brazilian food processor BRF SA on Thursday elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing.

LTFRB mulling moratorium on new ride-hailing companies

THE LAND Transportation Franchising and Regulatory Board (LTFRB) is mulling a moratorium on the entry of more transport network companies (TNC), following the new department order tasking the agency to regulate the transportation segment.

Father’s Day at Rustan’s continues all the way to July

OVER at Rustan’s, Father’s Day did not end yesterday as it has a slew of events celebrating Dad all the way to July.

BSP net income surges to P9.82B at end-March

THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge fivefold during the first quarter largely on the back of gains from currency trading.

Peso to weaken vs dollar

THE PESO is seen to weaken further against the dollar due to renewed tensions between the United States and China as well as expectations of a less hawkish stance from the local central bank.

Modern jeepneys approved for Pasay route

MODERNIZED public utility jeepneys (PUJs) will start hitting the road on a route within Pasay City on Monday, the Department of Transportation (DoTr) said.

WB-funded wastewater project completion delayed to 2019

A PROJECT to improve wastewater collection and treatment in catchment areas of Metro Manila is currently facing implementation delays, leading to the replacement of some sub-components, the World Bank (WB) said.

Ease of setting up and closing down business operations

Last June 6, I attended the “Seminar on Protecting your Trademarks and Inventions Overseas” jointly organized by the Philippine Chamber of Commerce and Industry (PCCI) and the World Intellectual Property Organization (WIPO), held at the PCCI building in McKinley Hill, Taguig City.

The widow’s mite

“Where can I place my P100,000 funds?” What are the investment options for a risk-averse widow, in this time of rising inflation? “Since you do not trust equities or corporate bonds, and not even the managed pooled funds, perhaps the only easily withdrawable and guaranteed (insured) placement would be a time deposit in our bank,” the account officer sheepishly offered. “And how much interest will the bank pay me?” The account officer was definitely embarrassed to say, “0.88%, Ma’am, or P704 net of 20% final withholding tax, for 360 days.”

Senator seeks inquiry on Build, Build, Build

SENATOR Sherwin T. Gatchalian has filed a resolution, seeking to review the status and sustainability of the government’s massive infrastructure program.

PHL Coast Guard off to Beijing to tackle issues on patrol,...

REPRESENTATIVES of the Philippine Coast Guard (PCG) as well as the Department of Agriculture (DA) are set to travel to China in July to discuss with their Chinese counterparts the issues on patrolling and fishing in the disputed West Philippine Sea, the Philippines’ top diplomat said.

Germany and Brazil roll into the World Cup

ROSTOV-ON-DON, RUSSIA -- Brazil star Neymar will make his World Cup bow on Sunday as the five-time champion kicks off quest for redemption while holders Germany launch their bid for back-to-back titles.

‘Moving Day’ carnage

SOUTHAMPTON -- Dustin Johnson surrendered a four-shot lead to fall into a four-way tie atop the US Open leaderboard as Shinnecock Hills again battered the world’s best golfers on Saturday.

Metro Manila’s water tariffs rising

CUSTOMERS of Metro Manila’s two water concessionaires will soon see an increase in their bills, the sector’s regulator announced on Thursday.

Finance dep’t eyes April 2019 for tax amnesty

THE GOVERNMENT is looking at offering its planned one-time tax amnesty program in April next year, coinciding with the deadline for filing income tax returns, the Department of Finance (DoF) said.

CPG targets double-digit profit growth this year

CENTURY Properties Group, Inc. (CPG) expects to see double-digit growth in net income this year, banking on its diversification into the affordable and leisure segments.

Musical time machine is coming to Manila

INTERESTED in hearing Mariah Carey’s “Always Be My Baby” sung as Ella Fitzgerald would? Or Justin Bieber’s “Sorry” performed as if it came out in the 1960s? Or Ed Sheeran’s “Perfect” done 1950s prom style? You can thanks to Post Modern Jukebox (PMJ), a vintage minstrel band which currently has over one billion views on YouTube and almost 3.5 million subscribers.

Now Corp. inks MoU with TransCo for use of fiber assets

NOW CORP. on Thursday announced it signed a memorandum of understanding (MoU) with the National Transmission Corp. (TransCo) for the use of the latter’s fiber and microwave assets for the establishment of a nationwide fixed broadband network.

BBC nature docu gets a Pinoy edge as GMA adapts Planet...

SEE NATURE in ultra high definition as GMA Network launches its newest infotainment program, Amazing Earth, featuring footage from BBC’s Planet Earth II.

W. Visayas wage hike to be delayed in Boracay, rest of...

ILOILO CITY -- The wage increase ordered for the Western Visayas region, or Region VI, will be implemented at a later date in Aklan province in consideration of the temporary closure of the resort island of Boracay.

Demand strongest for skilled food service, construction workers, TESDA says

DAVAO CITY -- Food industry workers like livestock slaughterers, chefs and baristas, as well as welders and other skilled construction workers are the most in demand both domestically and overseas, a Technical Education and Skills Development Authority (TESDA) official said.

Intervention needed to snap Indian bond cycle

INDIAN BONDS are caught in a vicious cycle and policy makers need to intervene to break that to prevent more losses, according to Nomura...

BPI looks to ramp up digitalization efforts

BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.

Most of Carpio’s suggestions on China ‘not feasible’ — Cayetano

FOREIGN AFFAIRS Secretary Alan Peter S. Cayetano on Thursday said most of the suggestions made by Acting Chief Justice Antonio T. Carpio and other personalities on how the Philippines should respond to China’ actions in South China Sea — especially on the incident in Scarborough shoal — were not feasible, while some were already being done by the government.

Study: Higher dengue risk in kids who got Sanofi vaccine

AN ANALYSIS of data on Sanofi’s dengue vaccine, which has been given to more than 800,000 school children in the Philippines, confirms it increases the risk of hospitalization and severe dengue in those who had never previously been infected with the mosquito-borne virus.

Electronics industry expects to hit $50-B export level by 2030

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.

PSE’s terms for PDS sale keep changing, Finance dep’t complains

THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.

The persistence of religion

“Indeed, however heartened the proponents of same-sex marriage might be on this day, it is worth acknowledging what they have lost, and lost forever: the opportunity to win the true acceptance that comes from persuading their fellow citizens of the justice of their cause. And they lose this just when the winds of change were freshening at their backs.”

The influence of affluence

“Have you ever dreamed of being rich?”

Ronaldo primed for likely last shot at World Cup fame

SOCHI, RUSSIA -- Cristiano Ronaldo will launch his latest and probably last attempt to crown his career with a World Cup winners medal when European champions Portugal face neighbors Spain in their opening World Cup game here on Friday.

Russia defies critics to throw World Cup party

MOSCOW -- The World Cup kicks off in Russia on Thursday as years of preparations dogged by diplomatic scandals give way to a month of action on the field in football’s global showpiece.

Asia central banks juggling risks find solace in food

ASIAN central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices.

Electronics firms brace for higher tax cost

ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented.

PLDT expects growth in 2018 revenues, profit

PLDT, Inc. Chairman, President and CEO Manuel V. Pangilinan on Wednesday expressed confidence the telecommunications giant will “return to growth” in both revenues and profit this year.

Toyota to invest $1 billion in Grab

SINGAPORE — Toyota Motor Corp. has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies, Inc.

Deadly battles continue to power hit video games

LOS ANGELES -- Bandits, soldiers, demons, zombies, aliens and other enemies will be shot, stabbed, bludgeoned, incinerated, or even blow up on the show floor of the Electronic Entertainment Expo (E3) opening here Tuesday.

Facebook’s new user review feature may lead to ban of ‘bad’...

FACEBOOK, Inc. said on Tuesday it would allow users to review businesses that advertise on the social network and possibly ban those that receive the most negative feedback.

The art of plating a dish and taking its picture

A CREATIVELY plated dish, like a live performance, may be considered a temporal art — it is gone upon consumption. Nowadays, as live performances are documented for posterity, a dish is made permanent through photography.

TDF demand softens

TERM DEPOSITS offered by the central bank saw softer demand this week ahead of the settlement of the government’s latest offering of retail bonds.

Meat and booze (and cakes and sweets) for Father’s Day

MEATY TREATS and booze await your favorite guy at establishments around the city on Father’s Day, June 17.