Editor’s Pick

PCIC estimates crop insurance payout at P828 million in typhoon zone

PHILIPPINE COAST GUARD FACEBOOK PAGE THE PHILIPPINE Crop Insurance Corp. (PCIC) said it is setting aside around P828 million for potential payouts to farmers and fisherfolk in storm-hit provinces. In a statement Thursday, the PCIC estimated the number of insured farmers and fisherfolk at around 79,217 in the provinces hit …

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DTI bats for CBDs to be given typhoon rehabilitation priority

PHILSTAR By Arjay L. Balinbin, Senior Reporter THE RESTORATION of power, water, and telecommunications services in business districts damaged by typhoon Odette should be priorities in the rehabilitation effort, Trade Secretary Ramon M. Lopez said. “Yes, definitely that’s top of the agenda. Damage to transmission lines was severe and it will …

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Bargain hunting lifts PSEi after three-day slide

PHILIPPINE stocks on Thursday climbed on bargain hunting after three days of decline in part after news that the country improved in the pandemic resilience ranking. The Philippine Stock Exchange index (PSEi) gained 128.86 points or 1.81% to close at 7,248.05, while the broader all shares index rose 41.23 points …

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Market appetite boosts peso

THE PESO strengthened against the dollar on Thursday on stronger market appetite after studies hint that the Omicron variant leads to fewer hospitalizations. The peso closed at P50.045 on Thursday against its P50.19 finish on Wednesday, according to the Bankers Association of the Philippines. The peso opened at P50.14, with …

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Ruined basketball?

By Anthony L. Cuaycong Who knows what was on Iman Shumpert’s mind when he contended that LeBron James ruined basketball? Speaking on the Bootleg Kev Podcast that premiered on Tuesday, he said the four-time Most Valuable Player awardee “knows [it]. He thought he was making it better. I get it. …

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Chelsea, Liverpool and Tottenham reach League Cup semifinals

LONDON — A much-changed Chelsea side featuring three teenaged debutants beat Brentford (2-0) on Wednesday to reach the League Cup semifinals where they will face London rivals Tottenham Hotspur. An own goal 10 minutes from time by Pontus Jansson broke the deadlock at Brentford before a Jorginho penalty sealed victory …

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Icardi salvages a point for 10-man PSG at Lorient

PARIS — Mauro Icardi’s stoppage-time strike helped 10-man Paris Saint-Germain (PSG) salvage a fortunate 1-1 draw at lowly Lorient in a dismal performance by the Ligue 1 leaders on Wednesday. Mauricio Pochettino’s side, who had Sergio Ramos sent off, have 46 points from 19 games with Nice in second place …

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Celtics snap Cavaliers’ 6-game win streak

BOSTON Celtics guard Jaylen Brown (7) drives the ball against Cleveland Cavaliers forward Kevin Love (0) in the half quarter at TD Garden. — REUTERS JAYLEN Brown led all scorers with 34 points, Robert Williams III added 21 points, 11 rebounds and seven assists and the Boston Celtics ran past …

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What’s on your bedside reading table?

By Patricia Mirasol From autobiographies to mystery novels and classic bestsellers, founders and business professionals give BusinessWorld readers a glimpse of their current reading fare. The Philippines has a reading culture, the co-founders of the Big Bad Wolf book fair told BusinessWorld in a June interview. This observation is reflected …

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Good work-life balance the determining factor for US firm’s choice of Baguio for PHL office

By Patricia Mirasol Aumni, a Utah-based investment analytics firm, has chosen to set up its Philippine office in Baguio City. Northern Luzon’s untapped talent pool, as well as a better work-life balance, were cited as the reasons for this “intentional choice.” “Baguio has easy access to great trekking trails and …

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