Megawide-GMR’s mixed-use development project at MCIA on hold due to COVID

MEGAWIDE Construction Corp. and its foreign partner GMR Infrastructure Ltd. have put on hold the implementation of their mixed-use development project at the Mactan-Cebu International Airport (MCIA), which covers the construction of a 400-room hotel, due to the coronavirus pandemic.…

Pandemic serves as backdrop for high school thriller

STREAMING services WeTV and iflix are opening 2021 with their newest Filipino original, Section St. Valentine: the Disappearance of Divine, a mystery thriller set within a fictional Manila International School where a group of students try to solve the sudden…

Philodrill is operator of onshore gas exploration project in Mindoro

LISTED exploration company The Philodrill Corp. is now the operator of petroleum service contract (SC) 53 or the onshore Mindoro natural gas exploration project, the firm said on Monday as it cited a letter from the Department of Energy (DoE).…

Vicor reissues vinyls to mark 55th anniversary

FOR its 55th anniversary, local recording company Vicor Records is reissuing vinyls of Original Pilipino Music classics including those from Ric Segreto and VST & Company. “[This is] the first time these big-selling albums will be reprinted on vinyl,” Vicente…

Priority sought for ‘stranded’ projects as DoE prepares auction for green energy

“Solar will once again dominate the auction market.” — Theresa C. Capellan, SunAsia Energy, Inc. president and CEO — BW FILE PHOTO By Angelica Y. Yang THE Energy department’s plan to start bidding out the supply of renewable energy (RE)…

5G capex risk a top issue for investors — Fitch

FITCH Ratings said the pace of investment in the fifth-generation (5G) technology is among the top issues for credit investors in the telecommunications sector in the Asia-Pacific region. The global debt watcher said emerging markets in the Asia-Pacific region like…

Fewer Filipino families had access to basic water, sanitation facilities in 2020 — PSA

Fewer families had adequate access to water, sanitation, and hygiene facilities in 2020, data from the statistics agency showed. — PHILIPPINE STAR/MICHAEL VARCAS FEWER FAMILIES had adequate access to water, sanitation, and hygiene (WASH) facilities last year, according to the…

Duterte keeps 5% tariff on deboned meat imports

Trade Secretary Ramon M. Lopez said retention of the 5% tariff on imported deboned meat would help keep costs down for local processed meat manufacturers and avoid big price increases of canned and processed meat products. — PHILIPPINE STAR/MICHAEL VARCAS…

BSP chief on medical leave after ‘minor’ head accident

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is on leave after undergoing a medical procedure after a “minor” head accident. In a statement, the BSP said Mr. Diokno designated Deputy Governor Francisco G. Dakila, Jr. as the officer-in-charge…

Senate OK’s AMLA amendments

THE SENATE on Monday approved on final reading a version of the bill strengthening the government’s regulations against money laundering that deviates from the version backed by President Rodrigo R. Duterte. With 21 affirmative votes, no negative and abstention, Senate…

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