REUTERS STOCKS started the week in the red as investors took profits amid the increase in coronavirus disease 2019 (COVID-19) cases and as the shift in the US Federal Reserve's rate hike expectations continued to affect sentiment. The Philippine Stock Exchange index (PSEi) went down by 24.21 points or 0.35% to close at 6,827.17 on Monday, while the all shares ...

THE PESO depreciated versus the greenback on Monday as players remained cautious after the US Federal Reserve hinted at a possible tightening of its easy monetary policy. The local unit closed at P48.695 per dollar on Monday, sinking by 26.5 centavos from its P48.43 finish on Friday, based on data from the Bankers Association of the Philippines. The peso opened ...

THE PALACE confirmed Monday that over P18 billion from the second stimulus package, known as Bayanihan II, remains unused, following calls by senators to spend the hundreds of billions of pesos allotted for the pandemic response measure before it expires this month. “Mayroon pa tayong P18.4 billion or 13% na hindi pa nao-obligate (We have P18.4 billion or 13% which ...

MANILA WATER Co., Inc. said it obtained consent from indigenous people to build and operate the Wawa-Calawis Water Treatment plant on ancestral land in Antipolo. The company signed a memorandum of agreement with the National Commission on Indigenous Peoples (NCIP) and Katutubong Pamayanan ng mga Dumagat/Remontado as part of the “Free, Prior, and Informed Consent” process to build the plant ...

COMMUTER TRAIN operator Light Rail Transit Authority (LRTA) announced Monday the postponement of the opening of the Light Rail Transit Line 2 (LRT-2) East Extension Project from June 22 to next month. “We regret to inform the riding public that the long-awaited opening of the… LRT-2 East Extension Project was postponed for at least two weeks to give maximum time for ...

THE Department of Public Works and Highways (DWPH) said Monday the China-funded Estrella-Pantaleon Bridge project, which connects the cities of Makati and Mandaluyong, is now 93% complete. “Only a few activities” are left before the new bridge opens next month, Public Works and Highways Secretary Mark A. Villar said in a statement. “Concreting of approach road on both sides of Makati and ...

LANDLORDS have a duty to comply with the energy efficiency law by monitoring monthly consumption and setting annual reduction targets, Leechiu Property Consultants (LPC) said. LPC Executive Director Lylah Ledonio said landlords stand to gain from cost savings by pursuing energy efficiency measures. “This law encourages landlords to refresh their mindset and improve their power usage,” she said in a ...

More than a year after the onset of the Coronavirus Disease 2019 (COVID-19) pandemic, the government continues to ramp up its efforts to reduce financial distress brought by the public health crisis. As part of its response, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 8-2021 on June 12. RR 8-2021 seeks to amend RR 4-2021 which ...

RESIDENTS of Deparo in Caloocan line up for registration for their first dose of Sinovac vaccine at the Deparo Elementary school, June 21, 2021. — PHILIPPINESTAR/ MICHAEL VARCAS By Kyle Aristophere T. Atienza, Reporter FOUR more Filipinos have been infected with the Indian variant of the coronavirus that has triggered a fresh surge in cases there, bringing the total to ...

VETERAN legislators will run for senator under the Nationalist People’s Coalition (NPC) next year, according to the Senate president. NPC members and former Senators Loren Regina B. Legarda, Francis Joseph G. Escudero and Joseph Victor G. Ejercito would likely run for the post, Senate President and party Chairman Vicente C. Sotto III told reporters at a virtual news briefing on ...

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