Editor’s Pick

Macau gambling group Suncity’s shares plunge after CEO arrested

HONG KONG – Shares of Macau gambling group Suncity Group Holdings Ltd slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the founder of Macau’s biggest junket operator which brings in …

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Moderna CEO says vaccines likely less effective against Omicron – FT

STOCK PHOTO SYDNEY – The head of drugmaker Moderna said COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been previously, sparking fresh worry in financial markets about the trajectory of the pandemic. “There is no world, I think, where (the …

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Duterte’s preferred successor quits presidential race

Photo from https://bit.ly/31bX90A MANILA – Philippine Senator Christopher “Bong” Go, the preferred successor of Rodrigo Duterte, said on Tuesday he was withdrawing his candidacy for presidency. Go, President Duterte’s long-time aide, had recently hinted he may drop out of the race and his withdrawal leaves the administration without a presidential …

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Gov’t raises P360 billion via RTBs on strong demand from investors

THE GOVERNMENT has raised P360 billion via its offer of five-and-a-half-year retail Treasury bonds (RTBs) that ended on Friday amid strong demand from investors on the hunt for higher returns. The Bureau of the Treasury (BTr) said in a statement on Monday that P330.5 billion of the total amount raised …

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Is your office rebound-ready?

Maricris Sarino-Joson By Maricris Sarino-JosonDirector and Head, Office Services –Landlord Representation, Colliers ADOPTING GREEN and sustainable features plays a crucial role in future-proofing office towers after the pandemic. The coronavirus disease 2019 (COVID-19) situation has accelerated the adoption of sustainable office spaces and we see this trend complementing the recovery …

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ABS-CBN produces original content for iQiyi

1 of 2 TWO romance stories and a musical series are among Chinese on-demand streaming service iQiyi’s first Filipino originals shows after sealing a content deal with ABS-CBN. Founded in China in 2010, iQiyi International is an on-demand video streaming service providing pan-Asian entertainment. It is currently available in 191 …

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Flag carrier PAL expands Vis-Min services via Iloilo

PHILIPPINE Airlines, Inc. (PAL) announced on Monday that it would expand its services in the Visayas and Mindanao in anticipation of increased demand during the upcoming holiday season. The flag carrier will resume services from Iloilo to Cebu and General Santos City on Dec. 7 and from Iloilo to Davao …

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Major PHL telcos: Spectrum fees ‘excessive’

By Arjay L. Balinbin, Senior Reporter THE country’s major telecommunications services providers PLDT, Inc., its wireless arm Smart Communications, Inc., and Globe Telecom, Inc. said the spectrum fees are becoming excessive. Spectrum user fees are collected annually from public telecommunications entities (PTEs), or those engaged in the provision of telecommunications …

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Revenue from marked fuel hits P324 billion

JCOMP-FREEPIK DUTIES AND TAXES collected from marked fuel products had reached P324.46 billion as of Nov. 25, counting back to 2019 when the program started, according to the Department of Finance (DoF). The volume of levied fuel had hit 32.88 billion liters since Sept. 4, 2019, based on data sent …

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