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Foreign direct investments for January to August 2018 up by 31%

Nov 14, 2018 - 7:05 PM

This is despite a 17.7% dip for the month of August, compared to July

INVESTMENTS. Foreign investments dips in August 2018, according to the Bangko Sentral ng Pilipinas. Photo by Ted Aljibe

DOTr begins France-funded study for Metro Manila cable car system

Nov 14, 2018 - 5:20 PM

The French government extends a multimillion-peso grant for the study, with the Department of Transportation expected to identify possible areas in Metro Manila for the implementation of the project

CABLE CAR. Transportation Secretary Arthur P Tugade and Ambassador of France to the Philippines Nicolas Galey lead the kickoff program for the urban cable car feasibiity study. Photo from DOTr

New Amazon HQ split between New York, Washington suburbs

Nov 14, 2018 - 4:44 PM

Both districts offer a variety of tax and infrastructure incentives to lure the huge corporate prize, but Amazon says one important element was access to a qualified workforce

The rapidly developing area known as Long Island City in the borough of Queens is seen on November 13, 2018 in New York City. Photo by Spencer Platt/Getty Images/AFP

Cathay Pacific apologizes over data breach but denies cover-up

Nov 14, 2018 - 2:45 PM

Cathay Pacific's CEO and chairman both say the crisis 'was one of the most serious' in the embattled firm's history and would act differently in a similar situation in the future

CATHAY PACIFIC. In this file photo taken on March 15, 2017, Cathay Pacific employees work at their counters at the international airport in Hong Kong. Photo by Anthony Wallace/AFP

Japan economy shrinks in Q3 as natural disasters hit

Nov 14, 2018 - 10:48 AM

Gross domestic product for the July-September period has contracted 0.3% from the previous quarter, reversing growth of 0.8% in the April-June period

ECONOMY SHRINKS. Experts say a number of natural disasters in Japan dampened personal consumption, company investment and exports. File photo from AFP

ASEAN trade leaders sign pact to grow e-commerce

Nov 14, 2018 - 12:04 AM

The 10 Southeast Asian nations agree to work together to make online shopping and other electronic transactions safer and more efficient

Trade and Industry Secretary Ramon Lopez provides updates following his meeting with his counterparts from other Association of Southeast Asian Nations (ASEAN) member countries at the Suntec Convention and Exhibition Centre in Singapore on November 13, 2018. Malacañang Photo

DPWH reopens bridge connecting Tagaytay to Lemery, Batangas

Nov 13, 2018 - 7:30 PM

The bridge along Diokno Highway is seen to cut travel time from Tagaytay City to Lemery, Batangas, by 30 to 45 minutes

REOPENED. The DPWH inaugurates the reconstructed bridge along Diokno Highway in Calaca, Batangas. Photo from DPWH

Vietnam's newest airline Bamboo gets aviation license

Nov 13, 2018 - 4:55 PM

Transport authorities say Bamboo Airways will aim to operate 100 routes, including to lesser-traveled destinations in Vietnam and elsewhere in Asia

NTC junks motions of Sear, PT&T for 3rd telco bid

Nov 13, 2018 - 4:30 PM

Sear and PT&T can still appeal the decision of the National Telecommunications Commission, but with a price tag of P10 million per appeal

Gulf economy recovering but faces oil volatility – IMF

Nov 13, 2018 - 3:25 PM

The International Monetary Fund urges Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates to expand reforms

Cathay Pacific says 'most intense' period of data breach lasted months

Nov 13, 2018 - 3:06 PM

Cathay Pacific says it was subjected to continuous breaches that were at their "most intense" from March to May but continued after

LIST: Available routes at Paranaque Integrated Terminal Exchange

Nov 13, 2018 - 8:11 AM

Here are the available routes as of November 12

TERMINAL. The mega-terminal in Paranaque opens November 10, 2018. Photo from DOTr

P5.6B allotted for Mindanao railway land acquisition

Nov 12, 2018 - 10:11 PM

City governments are signing an agreement with the Department of Transportation, and have been talking to families whose properties will be affected

ARTIST'S perspective of the Mindanao Railway System Project. Image courtesy of the Department of Transportation

Makati subway project promises 6,000 jobs

Nov 12, 2018 - 4:05 PM

Here are the features and promises of Makati's Public Rail Transport, which is expected to be completed by 2023

Image from Shutterstock

Call for open markets as world leaders gather in Singapore

Nov 12, 2018 - 1:11 PM

Singapore Prime Minister Lee Hsien Loong calls for Southeast Asian companies to invest more in each others' markets and be more open to foreign competition

LEE HSIEN LOONG. Singapore's Prime Minister Lee Hsien Loong speaks at a business forum on the sidelines of the 33rd Association of Southeast Asian Nations (ASEAN) summit in Singapore on November 12, 2018. Photo by Roslan Rahman/AFP

Alibaba hits another 'Singles Day' record but growth slows

Nov 12, 2018 - 9:04 AM

Although retail sales in China have been steady, the outlook is uncertain as the economy slows and concerns rise over the impact of the trade war with the United States

Blockbuster to lackluster: #TelcoSerye drama leaves people puzzled

Nov 11, 2018 - 7:32 PM

A contest with a single qualifier, an exciting legal drama, and romantic promises. These and a hodgepodge of twists are perfect for a #TelcoSerye.

'Ababis' and 'Star Wnrs': Knockoffs thrive in China e-commerce

Nov 11, 2018 - 4:10 PM

Would you go for 'Ababis' over Adidas, 'Star Wnrs' over Star Wars, and 'Caiwen Kani' over Calvin Klein?

This photo illustration taken on November 6, 2018 shows of counterfeit sport shoes in Beijing. - As China held its massive annual "Singles Day" online sales event on November 11, shoppers could still find cheap imitations on Alibaba's Taobao app despite the company's efforts to curb sales of counterfeit goods. (Photo by FRED DUFOUR / AFP) / TO GO WITH China-e-commerce-fraud,FOCUS by Ludovic Ehret

Mozambique opens $785 million Chinese bridge

Nov 10, 2018 - 7:53 PM

The bridge will also directly link Mozambique's capital Maputo to the border of neighboring South Africa by road for the first time

BRIDGE. A worker stands at the Catembe side of the construction site of the Maputo-Catembe Bridge, which will be the longest suspension bridge in Africa once completed, in Catembe on February 10, 2017. File photo by John Wessels/AFPP

IN CHARTS: Telco promises of Chavit Singson vs Dennis Uy-China Telecom

Nov 09, 2018 - 8:35 PM

Chavit Singson's Sear Telecom intends to spend a whopping P540 billion, and promises 100% national coverage and lightning speeds, should its bid be considered

Rappler: Tax case clear harassment, has no legal basis

Nov 09, 2018 - 7:15 PM

'The resolution will have a chilling effect on those who have raised and will raise capital through the issuance of PDRs and is a blow to the development of our already laggard capital markets,' says Rappler legal counsel Francis Lim

Photo by Charles Salazar/Rappler

Fight not over: PT&T, Chavit Singson's Sear appeal 3rd telco bid

Nov 09, 2018 - 6:30 PM

Chavit Singson accuses Dennis Uy's Udenna Corporation and China Telecom of 'misleading' the public

DICT Secretary Rio: Don't replace me just yet

Nov 09, 2018 - 12:45 PM

'I see no urgency in Senator [Gringo] Honasan taking over, at least until I fully finish this job on the third telco,' says acting DICT Secretary Eliseo Rio Jr

MORE TIME. DICT Acting Secretary Eliseo Rio Jr. hopes to settle unfinished business in the 3rd telco bidding first before an exit from the agency. Photo by Angie de Silva/Rappler


3 ways companies can promote SOGIE equality in the workplace

Nov 08, 2018 - 8:56 PM

‘Other issues might take precedence over this, but that doesn’t mean we can’t push for it…. All rights are important,’ Cogencia chief executive officer Paulo Edrosolano says

Manny Pangilinan downplays Dennis Uy's 3rd telco

Nov 08, 2018 - 7:10 PM

Tycoon Manny Pangilinan and other PLDT officials say the 3rd major telco player has a lot of catching up to do, particularly in terms of building infrastructure

Tesla names board director to replace Elon Musk

Nov 08, 2018 - 5:11 PM

The appointment of Denholm, who is Telstra's chief financial officer, is effective immediately but she will serve out her six-month notice period with her current employer, Tesla says late Wednesday.

ROBYN DENHOLM. Robyn Denholm is Tesla's new board director. Image from Tesla.com.

Philippines, Japan sign P18-billion MRT3 rehab loan deal

Nov 08, 2018 - 5:10 PM

(UPDATED) With this agreement, Finance Secretary Carlos Dominguez III says the government would finally be able to address the 'problem that is the MRT3'

Finance Secretary Carlos Dominguez III, on behalf of the Philippines, and the Japan International Cooperation Agency (JICA) senior vice president Yasushi Tanaka, on behalf of Japan, signed Thursday the 38.1-billion yen loan agreement for the Metro Rail Transit (MRT) Line-3 System Rehabilitation Project, which aims to improve the safety, reliability and level of service of the 16.9-kilometer light rail system with 13 stations spanning across EDSA. Also in attendance during the loan signing ceremony were Japanese Ambassador to the Philippines Koji Haneda, JICA Chief Representative Yoshio Wada and Department of Transportation Undersecretary Timothy John Batan. Photo courtesy of Dept of Finance

Toshiba slashes 7,000 jobs, downgrades profit outlook

Nov 08, 2018 - 4:18 PM

'Over the next 5 years, we expect a reduction of 7,000 jobs,' many coming from early retirement, CEO Nobuaki Kurumatani says

TOSHIBA. This file photo taken on February 16, 2017 shows the Toshiba Corporation logo at the company's headquarters in Tokyo. File photo by Kazuhiro Nogi/AFP

More flights to be canceled as NAIA upgrades air traffic system

Nov 08, 2018 - 12:35 PM

At least 4 flights will be canceled per hour from November 15 to 20

RADAR. The Communications, Navigation, Surveillance/Air Traffic Management system at NAIA will be upgraded. CAAP Photo

Philippine economy slows down to 6.1% in Q3 2018

Nov 08, 2018 - 10:03 AM

(UPDATED) This is lower than the revised 2nd quarter figure of 6.2%

IN CHARTS: Udenna Corp-China Telecom's promises

Nov 08, 2018 - 8:45 AM

Provisional 3rd telco winner Mislatel promises to blow away Smart and Globe with super fast internet and wide coverage – at a very hefty price

Grab launches food service, brings 'Crave City' to BGC

Nov 07, 2018 - 10:27 PM

The service is available in Metro Manila and is currently being tested in Cebu City and Mandaue in Cebu with over 4,000 restaurants to choose from

DELIVERY SERVICE. Grab officially launches GrabFood in Taguig. Photo by Aika Rey/Rappler

Dennis Uy-China Telecom consortium provisionally named 3rd telco

Nov 07, 2018 - 5:33 PM

(UPDATED) Their group, called Mislatel Consortium, garners a total of 456.8 points out of 500 under the criteria

Bacolod flights cancelled, delayed due to airport closure on November 9

Nov 07, 2018 - 5:24 PM

The Bacolod-Silay airport will be closed from 8 am to 12 noon to conduct a full scale emergency exercise in compliance with its aerodrome certification

CLOSED. Bacolod-Silay Airport will be closed on November 9 from 8 am to 12 noon. Photo from CAAP

#AskTheTaxWhiz: What are the taxes that our food goes through?

Nov 07, 2018 - 5:00 PM

The Philippine Tax Whiz discusses the taxes imposed on the food we eat

Uneven playing field? Disqualified bidders slam 3rd telco rules

Nov 07, 2018 - 4:45 PM

PT&T and Sear Telecom both need to pay a non-refundable appeal fee of P10 million, if they choose to file motions for reconsideration on their disqualification

BIDDING FOR THIRD. Members of the selection committee evaluate documents of new 3rd telco player-aspirants. Photo by Darren Langit/Rappler

Mindanao inflation rate remains higher than national average

Nov 07, 2018 - 2:36 PM

The Philippine Statistics Authority says the October inflation rate for all items increased to 7.6% in Northern Mindanao from September's 6.9%, while Caraga had 6.9% in October, up from from September's 6.1%

PH, Japan finalize details of P18-billion MRT3 rehab loan

Nov 07, 2018 - 2:35 PM

(3rd UPDATE) The signing of the P18-billion loan agreement will be done on Thursday, November 8

Photo from Embassy of Japan

2 oil exploration contracts awaiting Duterte's signature – Cusi

Nov 07, 2018 - 2:10 PM

One contract for oil exploration is likely to be signed with China state-owned oil producer China National Offshore Oil Corporation

President Rodrigo Roa Duterte meets with Chinese businessmen at the Grand Hyatt Hotel in Beijing, China on October 21 before leaving for Davao City. Photo by Toto Lozano/PPD

Only Dennis Uy-China Telecom bid qualified, 2 others incomplete

Nov 07, 2018 - 1:35 PM

The bid documents of the Dennis Uy-China Telecom consortium are deemed qualified, while Sear Telecom and PT&T are both disqualified, which the two can still appeal

Canceled flights at NAIA in November 2018

Nov 07, 2018 - 12:25 PM

Bookmark and refresh this page for a list of flights canceled as the Ninoy Aquino International Airport conducts runway maintenance and upgrades its air traffic system

China Telecom, Dennis Uy's Udenna Corp team up for 3rd telco bid

Nov 07, 2018 - 9:55 AM

President Rodrigo Duterte previously said he wants a Chinese company to be the 3rd major telecommunications player

FAST FACTS: 3rd telco player selection rules

Nov 07, 2018 - 8:45 AM

Here are the requirements for companies vying for the Philippines' 3rd major telecommunications player slot

LIVE: Bidding for the 3rd major telco slot

Nov 07, 2018 - 8:35 AM

The bids for the 3rd major telecommunications player slot will be opened on Wednesday, November 7

P2P buses to NAIA from Alabang and Laguna available by November 8

Nov 07, 2018 - 7:00 AM

The new routes to NAIA will have 4 stops: two in Muntinlupa and 2 in Sta Rosa, Laguna

POINT-TO-POINT. The South-NAIA P2P route by UBE Express will start operations on November 8. Photo from Ube Express Facebook page

Boracay tension: Singaporean businessman 'assaulted' by DENR undersecretary?

Nov 06, 2018 - 9:15 PM

DENR Undersecretary Benny Antiporda says Boracay businessman Peter Tay 'humiliated' himself, but admits to shoving Tay when tensions rose

PUBLIC HUMILIATION? Singaporean businessman Peter Tay says DENR Undersecretary publicly humiliated him in a meeting on Boracay businesses. Background photo by Angie de Silva/Rappler, Antipoda's and Tay's photos from their Facebook pages

NOW Telecom loses bid vs contentious 3rd telco provisions

Nov 06, 2018 - 8:20 PM

The Manila Regional Trial Court says NOW Telecom may have caused its own request to become moot since it said it still wants to join the bidding for the 3rd major telecommunications player slot

Economic team urges agriculture dept to solve food supply problems

Nov 06, 2018 - 6:05 PM

The government's economic team says the Department of Agriculture must improve farmers' productivity to bring food prices down

FOOD PRICES. The government's economic team urges the Agriculture Department to implement reforms. Photo by Ben Nabong/Rappler

PT&T calls 3rd telco criteria 'unfair,' files petition vs NTC

Nov 06, 2018 - 3:20 PM

PT&T questions the National Telecommunications Commission's interpretation of 'national-scale' operations, saying it favors foreign companies

Inflation steady at 6.7% in October 2018

Nov 06, 2018 - 9:05 AM

(3rd UPDATE) The latest figure reinforces the projections of the Bangko Sentral ng Pilipinas and the Department of Finance that inflation is beginning to taper off