Federal Reserve chief says Omicron adds economic risks, inflation uncertainty

EN.WIKIPEDIA.ORG US FEDERAL RESERVE Chair Jerome H. Powell, in his first public remarks on the Omicron variant of the coronavirus, said it poses risks to both sides of the central bank’s mandate to achieve stable prices and maximum employment. “The…

Plan to tax the super-rich needs further study, economists say

REUTERS By Jenina P. Ibanez, Senior Reporter THE PLAN to tax the super-rich would need further evaluation to identify wealth and appropriate tax levels after the Finance department suggested the plan could lead to capital flight, economists said. Cid L.…

Implementation of the Mandanas ruling seen to dampen economic growth

PHILIPPINE STAR/ MICHAEL VARCAS THE IMPLEMENTATION of the Supreme Court ruling expanding the local governments’ share in national taxes next year would lead to a “three percent lower economic growth,” according to Department of Finance (DoF) estimates. The DoF in…

S&P raises growth forecast for PHL

PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINES is likely to grow by 5% this year, boosted by the stronger-than-expected rebound in the third quarter, according to S&P Global Ratings. However, S&P warned that the Omicron variant of the coronavirus disease 2019…

Boom in Online Casino Services Within New Jersey

Malta’s Economy has New Jersey to thank, in terms of foreign trade and casino trading. Modern day Malta has long been involved within a major aspect of worldwide trading and business, due to its perfectly placed location within the Mediterranean.…

SEC issues cease-and-desist order against Olympro

THE Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Olympro Stocktrading Web Content Publishing and its owner, Christian Mark Lacson Peredo, for their unregistered investment solicitations. In a decision published Nov. 18, the SEC also ordered Olympro,…

Broadway legend Stephen Sondheim, whose work transformed musical theater, 91

PHOTO COURTESY FROM SONDHEIMSOCIETY.COM BROADWAY composer and lyricist Stephen Sondheim, who helped American musical theater evolve beyond pure entertainment and reach new artistic heights with such works as West Side Story, Into the Woods, and Sweeney Todd, died early Friday…

Telehealth seen as valuable tool in preventing progression of chronic disease

MONITORING the progression of non-communicable diseases has been difficult during the pandemic, and it can be addressed if patients embrace teleconsultation and online channels to maintain a connection with their healthcare providers, said doctors at a conference about healthcare beyond…

Telco revenue growth seen to stay stable in 2022

By Arjay L. Balinbin, Senior Reporter CREDIT ratings agency Moody’s Investors Service forecasts that revenue growth for telecommunications companies in the Philippines will “remain stable” in 2022, owing primarily to the increasing data consumption and broadband usage amid the pandemic…

Moira Dela Torre, Ben&Ben win big at Awit Awards

INSTAGRAM.COM/BENANDBENMUSIC/ SINGER Moira dela Torre and the nine-piece band Ben&Ben took home the night’s biggest awards at the 34th Awit Awards, streamed on the award’s official YouTube page on Nov. 29. Ms. Dela Torre won Song of the Year for…

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