Editor’s Pick

Experts, governors warn of US Omicron ‘blizzard’ in weeks ahead

A woman takes a coronavirus disease test at a pop-up testing site as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., Dec. 27, 2021. — REUTERS/JEENAH MOON WASHINGTON — US health experts on Thursday urged Americans to prepare for severe disruptions in coming weeks as …

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Furniture giant IKEA raises prices as supply chain woes persist

STOCKHOLM — The world’s biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday. IKEA had previously said it was leasing more ships, buying containers and re-routing …

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Myanmar court jails celebrities who supported democracy protests

Actor-director Lu Min. Image via @luminn_official/Instagram A court in military-ruled Myanmar jailed three prominent show business figures for three years each on Thursday for their part in protests against a February coup, media reported. The military overthrew an elected government led by Aung San Suu Kyi on Feb. 1, triggering …

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Smart livelihood programs boost farmers, coops in 2021

PLDT’s wireless arm Smart Communications, Inc. (Smart)’s sustainable livelihood initiatives for the agriculture and cooperative sectors have benefited more than 6,500 farmers and over 80 cooperatives nationwide in 2021 via the Buy Local, Digital Farmers Program (DFP), and Smart Coops programs. Championing corporate RICEponsibility, Smart’s Buy Local campaign is a farm-to-market initiative ensuring …

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Laying the foundation for a stronger electricity market in 2022

The Independent Electricity Market Operator of the Philippines (IEMOP), with persistent efforts of stakeholders and trading participants, accomplished a number of significant milestones this year. These milestones are all aimed in making the electricity market better for the Filipino consumers. On Feb. 26, 2021, the Energy Regulatory Commission (ERC) lowered …

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Market interest in REITs seen to continue in 2022

By Keren Concepcion G. Valmonte, Reporter INVESTORS and property developers alike are expected to continue supporting the interest in real estate investment trusts (REITs), which will “remain a bright spot” in 2022. “We expect that companies will look into launching their own REITs as an alternative to raise capital for …

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Domestic shipping firms worry over proposed law allowing full foreign entry

Cargo and other vehicles are pictured inside the inter-island roll-on roll-off ferry as it leaves a port in Lucena City in this file photo dated March 10, 2016. — REUTERS/ERIK DE CASTRO By Arjay L. Balinbin, Senior Reporter LISTED shipping companies are expected to benefit from the law allowing full …

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Central bank relaxes regulations on foreign currency deposit system

EURO, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, Jan. 21, 2016. — REUTERS THE Philippine central bank approved new amendments to the regulations on the foreign currency deposit system. “The second phase of the reforms will afford banks …

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Duterte signs P5-T budget into law

A woman gets a booster shot in Marikina on Nov. 25. — PHILIPPINE STAR/ MICHAEL VARCAS By Alyssa Nicole O. Tan PRESIDENT Rodrigo R. Duterte on Thursday signed into law the P5.024-trillion national budget — the country’s largest ever — for 2022, as the government aims to drive the economy’s …

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Juico to contest POC decision

PHILIPPINE Athletics Track and Field Association (PATAFA) President Philip Ella Juico BELEAGUERED Philippine Athletics Track and Field Association (PATAFA) President Philip Ella Juico isn’t about to throw in the towel just yet when it comes to the issues concerning him and Tokyo Olympian pole-vaulter Ernest John “EJ” Obiena and the …

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