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Tax hike on salty foods mulled

MANILA – Finance officials have yet to meet with health officials regarding the plan to slap additional taxes on salty food products. “(We) have to discuss thoroughly with...

New bulk water supply to boost water security

WITH water shortage in Metro Manila again looming in the horizon, AMA Water assured the Metropolitan Waterworks and Sewerage System (MWSS) that its commitment to deliver...
Philippine stock exchange index closed the week at 7,977.12 points after briefly touching the 8,000-point level. AFP

PH’s stock market gains from strong peso, stable oil prices

THE Philippine stock exchange index closed at 7,977.12 points this week after briefly touching the 8,000-point level. The index has been hovering around the 8,000 region...
Energy secretary Alfonso Cusi. GMANETWORK.COM

Energy chief to draft plan for Philippine nuclear program

MANILA – The Philippines will prepare a detailed plan for the International Atomic Energy Agency (IAEA) on how it could embark on a nuclear power program,...
Philippine monetary officials forecast October 2019 inflation to decelerate to as much as 0.5 percent, slower than the 0.9 percent last September, but the upper end of the projection range for this month is 1.3 percent. WIKIMEDIA

Central bank eyes October inflation at 0.5% to 1.3%

MANILA – Philippine monetary officials forecast October 2019 inflation to decelerate to as much as 0.5 percent, slower than the 0.9 percent last September, but the...
Philippines’ inflation rate continues to decelerate since peaking to 6.7 percent in September and October 2018, with Filipinos’ love for food and dining out as well as personal care keeping the overall inflation afloat as of September 2019. REUTERS

PH to be protected under proposed economic partnership

NONTHABURI, Thailand – Safeguards included in the proposed Regional Comprehensive Economic Partnership (RCEP) between the Association of Southeast Asian Nations (ASEAN) and six major economies are seen...
The sun is seen from the Beach of Ternate Island at the end of a solar eclipse, Indonesia, Mar. 9, 2016. BEAWIHARTA/REUTERS

Solar power gains ground in Southeast Asia

SINGAPORE – Southeast Asia is accelerating plans to harness energy from the sun in coming years as the cost of generating electricity from some solar power...
Visitors take pictures under blooming cherry blossoms near a high-resolution AI (artificial intelligence) camera at Yuyuantan Park in Beijing. REUTERS

Beijing eyes facial recognition technology for metro security

BEIJING – Beijing will use facial recognition tools to speed up security checks in the city’s overcrowded metro, using a “credit system” to sort passengers into...
Bangko Sentral ng Pilipinas on Friday declined to comment on the arrest of former Foreign Affairs Secretary and Banco Filipino Savings and Mortgages Bank director Perfecto Yasay Jr. ABS-CBN NEWS

BSP invests $150-M in green bonds

MANILA – The Bangko Sentral ng Pilipinas (BSP) has placed $150 million in the green bond fund launched by the Bank of International Settlements (BIS).  In...

Panay railway revival delayed due to problems with lead contractor

THE drive to restore the Panay railway system has been delayed due to problems with the company that was expected to take on the project, Philtrack...