Editor’s Pick

Cebu Pacific expects to operate 84% of pre-COVID domestic capacity in 2022

NATIONAL vaccination campaign among the drivers of budget carrier’s optimism. — CEBUPACIFICAIR.COM BUDGET carrier Cebu Pacific announced on Tuesday that it remains “cautiously optimistic” about the prospects for 2022 despite the threat of the Omicron coronavirus variant, saying it expects to operate 84% of its pre-pandemic domestic capacity. The airline, …

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Seeing faces outside the screen

AFTER nearly two years of staring at people on screens during the prolonged isolation forced by the coronavirus disease 2019 (COVID-19) pandemic, the Metro Manila-based photographers’ collective FotomotoPH saw that portraits were a fitting theme for this year’s exhibition. “We thought that it would be refreshing for people coming out …

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Organizations provide lifeline to persons with HIV

TO END the acquired immunodeficiency syndrome (AIDS) epidemic affecting over 85,000 Filipinos, agencies and groups from various sectors renewed their commitment to deliver prevention and treatment services to persons living with human immunodeficiency virus (PLHIV). “Keeping people on HIV treatment, we had to contend with the challenges around mobility, especially …

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San Miguel plans P30-B fixed-rate bond offer

PROCEEDS will be used to refinance the company’s short-term loans, among others. — SANMIGUEL.COM.PH SAN Miguel Corp. (SMC) is looking to offer P30-billion fixed-rate bonds, comprising a base offer of P25 billion with an oversubscription option of up to P5 billion. “The Board of Directors approved and delegated to Management …

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Worst case for Omicron is ‘light surge’ — OCTA

PRELIMINARY DATA shows that the Omicron variant of coronavirus disease 2019 (COVID-19) is a relatively lower threat compared to the previous Delta variant, given the Philippines’ increasing vaccination rates and strict protocols, according to experts from the OCTA Research Group at a Cardinal Santos Medical Center forum on Friday. “The …

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Medilines shares plunge 30%

Sell-off marks PSE debut of ‘relatively overvalued’ stock By Keren Concepcion G. Valmonte, Reporter SHARES in Medilines Distributors, Inc. plunged on its debut at the Philippine Stock Exchange (PSE) on Tuesday, closing 30% lower than its initial public offering (IPO) price. Medilines shares closed at P1.61 apiece, shaving off 69 …

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Approved foreign investments declined anew in Q3

FOREIGN INVESTMENT pledges declined anew in the third quarter after recovering in the preceding three-month period, data from the Philippine Statistics Authority (PSA) published on Tuesday showed. Approved foreign investments declined by 45.8% year on year to P16.82 billion in the July-September period from the P31.03 billion recorded a year …

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World Bank raises PHL growth forecast to 5.3%

THE WORLD BANK raised its Philippine growth forecast for this year to 5.3% following the economy’s faster-than-expected expansion in the third quarter, it said in its East Asia and the Pacific (EAP) economic update report released on Tuesday. The multilateral lender in September cut its full-year outlook to 4.3% as …

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Inflation eases to four-month low in November

By Lourdes O. Pilar, Researcher INFLATION eased for the third straight month in November to hit its lowest level in four months but remained above the government’s forecast for the year. Philippine Statistics Authority (PSA) data released on Tuesday showed headline inflation was at 4.2% in November, the lowest since …

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Fewer Filipinos jobless in October

THE RANKS of Filipinos who were jobless and looking for work declined in October, while those employed but wanting more work increased from the previous month, latest labor data showed. The preliminary report of the Philippine Statistics Authority’s (PSA) October round of the labor force survey (LFS) put the country’s …

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