STILL from the Netflix series Squid Game NETFLIX, Inc. is pushing back against a South Korean Internet provider’s demand that it pay to use their network after hits like Squid Game caused a surge in data traffic, saying the move…
Economy
LRMC to deploy newest trains for revenue use by mid-2022
LIGHT Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), announced on Monday that it received more fourth-generation (Gen-4) trains, which will be deployed for revenue use by mid-2022. “Each Gen-4 train set consists of…
Megaworld’s office leasing up 12% despite restrictions
Southwoods Office Towers in Binan, Lagun MEGAWORLD Corp. said it had surpassed its office lease target in the three quarters to September, with 214,000 square meters (sq.m.) of office take-ups logged despite quarantine restrictions. In a disclosure to the exchange…
Meralco core income up nearly 30% to P6.7B
MANILA Electric Co. (Meralco) posted a core net income of P6.66 billion in the third quarter of 2021, up by 29.7% from a year ago, brought in part by higher energy sales with the easing of quarantine restrictions, the country’s…
Peso strengthens against the dollar as Fed chief says rates may stay low
BW FILE PHOTO The peso strengthened versus the greenback as the chief of the US Federal Reserve signaled it could keep rates near zero while the job market remains challenged. The local unit closed at P50.68 per dollar on Monday,…
PHL shares drop on profit taking, rise in oil prices
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. PHILIPPINE shares fell on Monday on profit taking due to inflation concerns as global oil prices continued to climb. The 30-member Philippine Stock Exchange index (PSEi) dropped by 78.07 points or 1.07% to close…
La Nina to worsen energy crisis with colder winter
Vehicles are stranded on the snow-covered expressway in Minamiuonuma in Niigata Prefecture, Japan in this photo taken by Kyodo December 18, 2020. — Kyodo/via REUTERS A weather phenomenon that typically delivers harsher winters is on the way and expected to…
Verstappen holds off Hamilton to double his F1 lead
RED Bull’s Max Verstappen doubled his lead in the Formula One (F1) world championship to 12 points after holding off charging title rival Lewis Hamilton to win the US Grand Prix in Austin on Sunday. Mercedes’ seven-times world champion Hamilton…
Tennis: Unvaccinated can play at Australian Open after quarantine
MELBOURNE — Unvaccinated athletes will be able to take part in next year’s Australian Open after undergoing 14 days of quarantine, the Women’s Tennis Association (WTA) Tour has told its players, according to an e-mail leaked to US media. The…
Bernhard Langer, 64, becomes PGA Tour Champions’ oldest winner
BERNHARD Langer made a short birdie putt on the first playoff hole to defeat Doug Barron and win the Dominion Energy Charity Classic in Richmond, VA on Sunday. Langer, who turned 64 in August, became the oldest winner in Professional…