Nat’l Government debt swells to P11.97 trillion

REUTERS THE NATIONAL Government’s outstanding debt swelled to P11.97 trillion as of the end of October as it offered more domestic securities, preliminary data from the Bureau of the Treasury (BTr) showed. The end-October debt level was 19.38% higher year on year and edged up by 0.46% from September. BTr …

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November PMI jumps to 8-month high

REUTERS By Jenina P. Ibanez, Senior Reporter PHILIPPINE MANUFACTURING activity rose to an eight-month high in November, as new orders increased for the first time since March, IHS Markit said on Wednesday. The Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 51.7 last month from 51 in October, the highest …

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PDIC to dispose of lenders’ properties

THE PHILIPPINE Deposit Insurance Corp. (PDIC) plans to dispose of 807 real properties and resolve 17,826 loan accounts of closed banks. PDIC President and Chief Executive Officer Roberto B. Tan said the state deposit insurer plans to reduce its non-cash portfolio this year by using its electronic bidding process for …

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Berong mine to undergo six-year rehabilitation

BERONG Nickel Corp. (BNC) has allocated P110 million for the six-year rehabilitation of a nickel mine in Quezon, Palawan that is expected to be fully depleted by end-2021. “Most of the budget will be used to stabilize the mined out area through benching, drainage construction and planting of endemic and …

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Google to ban political ads for 2022 PHL elections

GOOGLE LLC said on Wednesday that it will not accept election advertisements in the Philippines during the campaign and silence periods. The company intends to focus on initiatives aimed at helping citizens access “useful and accurate information,” Google said. The company also aims to “help protect the integrity of the …

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Dining In/Out (12/02/21)

1 of 25 Richmonde Hotel Ortigas has holiday take-home FOR the holidays, Richmonde Hotel Ortigas is offering an assortment of creations by the hotel’s kitchen team headed by Executive Chef Tristan Galang. These Yuletide sweets, treats, and savory meals are good for gifting and indulging in at home during holiday …

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Red Bull R1v1r Runes champion Nardosson to face Team OG’s N0tail in showmatch on Dec. 4

BERNARD “Nardoson” Ciocon (center) holds up his Red Bull R1v1r Runes trophy. RED BULL R1v1r Runes has found its rightful ruler of the river, as the third season of the esports tournament has come to a thrilling conclusion. The best Dota 2 players in the country battled it out at …

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UK watchdog orders Facebook owner Meta to sell Giphy

LONDON — Facebook owner Meta has been told by the UK competition watchdog to sell popular animated images platform Giphy in Britain’s first such move against so-called Big Tech in its efforts to bolster regulation of the sector. The Competition and Markets Authority (CMA) said it had found that last …

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