Economy

STILL from the film Dune LOS ANGELES — Dune, an adaptation of Frank Herbert’s sci-fi epic, opened to $40.1 million at the North American box office. It’s a respectable start given the ongoing pandemic and the film’s unconventional theatrical debut.…

THE implementation of the National Competition Policy (NCP) will help improve the country’s market efficiency and spur economic recovery, according to the Philippine Competition Commission (PCC). “By ensuring that government responses and interventions follow competition principles, we can prevent policies…

Iloilo City THE TRANSPORTATION department has not done enough to mobilize private sector participation in its projects as mandated, a key Senator said, noting delays to the privatization of the Port of Iloilo. At a finance committee hearing on the…

FOUR publicly listed companies in the Philippines have been included in a US-based nonprofit organization’s 2021 report of the top 10 women-led firms in a field of almost 3,000 companies across 55 countries. Corporate Women Directors International (CWDI) ranked firms…

THE DEPARTMENT of Agriculture (DA) said it is studying a suggested retail price (SRP) scheme for fertilizer as prices rise in the wake of China’s export curbs and as food demand surges alongside a recovering global economy. Agriculture Undersecretary Leocadio…

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…

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…

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…

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…