Asian factories shake off lockdown blues, now face supply headaches

REUTERS TOKYO — Asia’s factory activity stepped up a gear in October as emerging economies saw coronavirus disease 2019 (COVID-19) infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, business surveys showed on Monday.…

Illicit cigarettes take up 10% of market

The Bureau of Customs Port of Cagayan de Oro destroyed illicit cigarettes worth P30 million on Sept. 8. — COURTESY OF BUREAU OF CUSTOMS THE DEPARTMENT of Finance (DoF) estimates that illicit cigarettes may account for up to 10% of…

PEZA renews appeal for revenue-based remote work rules

PHILSTAR By Jenina P. Ibanez, Senior Reporter THE PHILIPPINE Economic Zone Authority (PEZA) will renew its appeal for an outsourcing remote work scheme based on company revenues after the Fiscal Incentives Review Board (FIRB) stood by its new work-from-home (WFH)…

Gov’t keeps lowered GDP growth goal

THE GOVERNMENT is retaining its lowered gross domestic product (GDP) target for 2021 as it aims for economic growth to breach 5% for the second half as lockdown restrictions are further loosened. “Definitely, the DBCC (Development Budget Coordination Committee) is…

Jaguar Land Rover swings to £302m loss as it counts cost of global chip shortages

Jaguar Land Rover, Britain’s biggest car maker, has swung to a quarterly loss of £302m after counting the cost of the global shortage of semiconductor chips. JLR said the shortages had held back sales volumes – which fell by…

QCinema presents new Asian Shorts Program

1 of 4 WITH less than a month to go before its 2021 edition, QCinema International Film Festival has announced the movies to be shown under its new Asian Shorts program for its hybrid festival. Showcasing fresh new voices from…

Ringgit seen to weather storm from Fed taper

CURRENCY TRADERS are gearing up for an action-packed week as the Federal Reserve moves toward tapering its debt purchases. But the Malaysian ringgit is looking surprisingly calm. The currency looks set to weather any volatility fueled by a withdrawal of…

The future of the film festival

ASIDE from its obvious effects on healthcare systems, the COVID-19 pandemic (coronavirus disease 2019) also has put many industries in a state of flux and grappling with new realities and new demands, and film festivals are no exceptions. In a…

Metro Pacific starts installation of RFID stickers for CCLEX

Cebu-Cordova Link Expressway (CCLEX) — CCLEX.COM.PH THE Cebu Cordova Link Expressway Corp. (CCLEC), the private company behind the Cebu-Cordova Link Expressway (CCLEX), has started inviting motorists to have their vehicles installed with radio-frequency identification (RFID) stickers in preparation for the…

BSP operations vs counterfeiters lead to seizure of over 500 fake banknotes

THE CENTRAL BANK’S enforcement operations led to the confiscation of over 500 counterfeit notes valued at P480,000. THE BANGKO SENTRAL ng Pilipinas (BSP) implemented seven enforcement operations in the first nine months against currency counterfeiters. This led to the seizure…

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