Competition watchdog resumes M&A reviews

PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE Competition Commission (PCC) has resumed its review of “potentially problematic” mergers and acquisitions (M&A) after a year-long suspension. This comes as the effectivity of Republic Act No. 11494 or the Bayanihan to Recover…

PHL economic freedom ranking improves

PHILIPPINE STAR/ MICHAEL VARCAS By Jenina P. Ibanez, Reporter THE PHILIPPINES’ economic freedom ranking went up four places after improved scores in “sound money” measuring inflation and money growth, according to a global report that measured 2019 data. The Economic…

Cash remittances reach seven-month high in July

REUTERS By Luz Wendy T. Noble, Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) reached a seven-month high in July, reflecting the improved employment situation in major economies that have begun recovering from the coronavirus pandemic. Cash remittances rose…

Philippines raises $866M from maiden retail dollar bond offer

US dollar bills are seen in this photo illustration taken on Nov. 16, 2014. — REUTERS/MARCELO DEL POZO/FILE PHOTO THE GOVERNMENT on Wednesday raised an initial $866.2 million from its maiden offering of retail dollar bonds (RDBs) targeted at individual…

Apple’s new iPhone 13 touts faster 5G, sharper cameras

APPLE, Inc unveiled the iPhone 13 and a new iPad mini on Tuesday, expanding fifth generation (5G) connectivity and showing off faster chips and sharper cameras without raising the phone’s price. The Cupertino, California-based company did not announce any blockbuster…

Monde Nissin puts sustainability at forefront

By Keren Concepcion G. Valmonte, Reporter MONDE Nissin Corp. has increased its efforts on putting health and sustainability as the focus for its product development and innovation plans, the company’s president told BusinessWorld at the third episode of its Crisis…

Yields on term deposits decline as US inflation slows in August

YIELDS on the central bank’s term deposits slipped on Wednesday on softer US inflation last month. Total bids for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) reached P607.663 billion on Wednesday, surpassing the P510 billion…

A Philippine rum with a hint of Magellan

WHEN Ferdinand Magellan set sail for the East, we don’t think he thought he would meet his end on these islands, a bit more than halfway round the world from home, nor that he would inspire a new rum. More…

TRB: Some motorists exploit barriers-up system along NLEX

THE Toll Regulatory Board (TRB) said on Wednesday that some motorists use the North Luzon Expressway (NLEX) in Valenzuela without paying because of the barriers-up policy, resulting in revenue loss. “As to the problem, I already gave an opinion to…

Help small restaurants: Order the HAIN menu this weekend

1 of 6 A NEW ROUND of lockdowns rolls out today. The government has placed the capital under General Community Quarantine (GCQ) Alert Level 4, which means that some activities will be allowed again, including dining in at restaurants (albeit…

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