A new day for Hyundai

1 of 3 “EXACTLY ONE MONTH and two weeks ago,” Lee Dong Wook recalled with a smile after he was asked when he was tapped to head Hyundai’s passenger car business in the Philippines. “You have to move to the…

T-bills, bonds may fetch higher rates with inflation seen surging

BW FILE PHOTO GOVERNMENT SECURITIES to be auctioned off this week could fetch higher yields as investors want higher returns, with inflation seen to have surged last month. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury…

Bigger DA budget seen needed prior to RCEP market opening

REUTERS By Alyssa Nicole O. Tan, Reporter SENATORS who will serve in the next Congress said agriculture budgets must be enlarged to make farmers more competitive in preparation for the market opening contemplated under the proposed Regional Comprehensive Economic Partnership…

Scottie Thompson named NBA Most Valuable Player

PBA Season 46 Most Valuable Player Scottie Thompson — PBA IMAGES By Olmin Leyba THE do-it-all-guard largely considered as the “new face of Barangay Ginebra” is also the top dog of the entire league. Gin Kings star Scottie Thompson formalized…

Petrochemical firms seen at risk without import duties

THE local petrochemicals industry is seen to struggle after the government’s decision not to impose safeguard duties on the importation of linear low-density polyethylene (LLDPE) pellets and granules. JG Summit Olefins Corp. President Patrick Henry C. Go said that the…

Megaworld hikes capex to P50B 

MEGAWORLD Corp. is hiking its capital expenditure (capex) budget this year to P50 billion as it begins accelerating the development of its projects amid eased restrictions and the reopening of the economy, the property developer said during the weekend. “We…

Higher daily wages to take effect in 14 regions 

A mural depicting a laborer is seen in Paco, Manila, May 16. — PHILIPPINE STAR/ KRIZ JOHN ROSALES A NEW daily minimum wage will be implemented in 14 regions this month, the Labor department said on Sunday, adding that domestic…

Philippine history circles back with continuity president

Ferdinand “Bongbong” R. Marcos, Jr addressed his supporters during a campaign rally in Isulan, Sultan Kudarat province, March 28, 2022. — PHILIPPINE STAR/ KRIZ JOHN ROSALES By Kyle Aristophere T. Atienza, Reporter FERDINAND “BONGBONG” R. MARCOS, JR., 64, won the…

Gross borrowings fall 28% as of end-April

BW FILE PHOTO GROSS BORROWINGS dropped by 28% as of end-April, as the National Government saw lower financing requirements despite the prolonged pandemic. Based on preliminary data from the Bureau of the Treasury (BTr), total gross borrowings stood at P1.18…

May inflation likely surged past 5%

An attendant fills a jeepney at a gas station in Pasay City. — PHILIPPINE STAR/ RUSSELL A. PALMA By Keisha B. Ta-asan INFLATION likely surged past 5% in May as food and oil prices continued to climb amid tight global…

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