DA sees ‘modest’ growth for agriculture sector in 4th quarter

Department of Agriculture handout By Revin Mikhael D. Ochave, Reporter THE DEPARTMENT of Agriculture (DA) is hoping to see modest growth in the agriculture sector in the remaining months of the year, after the 2.6% contraction seen in the third…

Philippine cinemas eye happy ending with reopening

Maintenance personnel sanitizes the ticket booth at the Eastwood Mall cinemas in Quezon City, Nov. 9. — PHILIPPINE STAR/ MICHAEL VARCAS By Arjay L. Balinbin, Senior Reporter JUSTIN P. RIOS, 20, is excited about going to a movie after being…

GDP grows faster than expected in Q3

The Philippines’ gross domestic product (GDP) grew by 7.1% in the third quarter despite lockdown restrictions. — PHILIPPINE STAR/ MICHAEL VARCAS By Jenina P. Ibanez, Senior Reporter THE PHILIPPINE economy grew faster than expected in the third quarter, putting it…

Cirtek amends 70M preferred shares offering

CIRTEK HOLDINGS Philippines Corp. has amended its 70 million preferred class B-2 shares offer by issuing subseries “C” and “B” shares for both the base offer and the oversubscription option, the company said in a disclosure on Tuesday. The primary…

New York’s November auctions mark a return to billionaire-level art prices

CHRISTIE’s has given an estimate of between $40 million and $80 million for this Jean-Michel Basquiat painting, The Guilt of Gold Teeth, which will go under the hammer on Nov. 9 at its 21st century auction. — CHRISTIES.COM DURING the…

COVID-19 pills are coming, but no substitute for vaccines, disease experts say

REUTERS CHICAGO — Oral antiviral pills from Merck & Co. and Pfizer, Inc./BioNTech SE have been shown to significantly blunt the worst outcomes of coronavirus disease 2019 (COVID-19) if taken early enough, but doctors warn vaccine hesitant people not to…

Petron books P4.99-billion profit in Jan.-Sept. as revenues improve

PETRON CORP. booked a P4.99-billion consolidated net income in the first nine months of the year, recovering from its P12.6-billion net loss in the same period in 2020 as its sales improved and as it reduced its costs. “Efforts to…

Repertory Philippines serves a Christmas cookie musical

CLASSIC chocolate chip cookies, sugar cookies with Christmas-themed icing, red velvet crinkles, and jam-filled cookies will fill households’ screens as Repertory Philippines returns with its first REP Theatre for Young Audiences (RTYA) production this holiday season. The Great Christmas Cookie…

Dev’t of local diagnostics slowed by supply chain woes, regulations

PIXABAY By Patricia B. Mirasol The coronavirus disease 2019 (COVID-19) pandemic has exposed the limitations of relying on a few global manufacturers for medical diagnostic exams, according to Medecins Sans Frontieres (Doctors Without Borders). In a recent webinar organized by…

LBC Express to get up to P2B in fresh funding

BW FILE PHOTO LISTED LBC Express Holdings, Inc. announced on Tuesday that it is injecting an additional investment of up to P2 billion in its wholly-owned subsidiary, LBC Express, Inc., to refinance the latter’s maturing obligations and working capital requirements.…

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