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Line up and shut up

Line up and shut up

Tacloban City—Residents are no longer queuing up for relief goods. However, they still fall in line, for hours at a time, just to settle their bills. Yes, ladies and lesbians, gays and gentlemen, eight months after struggling through the world’s strongest typhoon, Yolanda survivors are made to suffer for—pardon the pun—a fate worse than debt. […]

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APAC M2M connection to reach 116M

The global economy is ready for M2M as the “next big source of productivity,” despite productivity slowdowns in the past years, according to Globe Telecom Head of IG Reynaldo Lugtu, Jr. Lugtu was the lone Philippine participant and panelist during the recent Asia M2M Business Platform Conference in Jakarta, Indonesia, one of the region’s  leading […]

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Rideshare versus taxi: War flares up in the Big Apple

New York – The battle between ride-sharing and traditional taxi service is heating up in New York, with a new rival for ride-seekers declared illegal even before launching. Lyft, a ride-sharing service that operates in 60 US cities and competes with the likes of Uber, announced plans to launch Friday in the city boroughs of […]

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Real estate loans continue to rise; lending standards unchanged

Real estate loans continue to rise; lending standards unchanged

The Bangko Sentral ng Pilipinas (BSP) has noted stricter lending requirements on borrowers applying for real estate loans and observed banks’ “reduced tolerance for risk.” In its latest survey report on bank loans and demand, about 83.3 percent of 35 banks indicated unchanged overall credit standards for commercial real estate loans using a modal approach. […]

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Etihad expanding global network with 6 new destinations in 2015

Etihad Airways, the national airline of the United Arab Emirates, will launch six new routes in the first half of 2015, offering even more choice and improved connections to travellers worldwide. Daily flights will commence to the European capitals of Madrid (Spain) and Edinburgh (Scotland) next year, together with the historic state capital of Kolkata […]

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DTI urges MSMEs to go global

With the full integration of the Association of Southeast Asian Nations (ASEAN) economy coming into effect by 2015, the Department of Trade and Industry (DTI) has advised micro, small and medium enterprises (MSMEs) to be competitive. “Changes are a natural offshoot of an expanding world market. Local companies need to think globally and no longer […]

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Forecasters see 4.1% inflation this year

Private forecasters surveyed by the central bank think inflation rate will average at 4.1 percent for this year. This predicted rate is lower than the Bangko Sentral ng Pilipinas’ (BSP) 4.4 percent average for 2014. Private sector economists also see the mean inflation average settling at 3.8 percent next year and in 2016. The BSP’s […]

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GenCos lodge 4-pronged approach to cut power rates by P1.00/kWh

A four-pronged approach has been recommended by the Philippine Independent Power Producers Association, Inc. (PIPPA) so electricity rates in the country can be brought down by as much as P1.00 per kilowatt hour. In the letter of PIPPA vice president for merchant generators Chrysogonus F. Herrera to Energy Secretary Carlos Jericho L. Petilla, he stated […]

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News in brief

MICRO INSURANCE FOR SMES  PUSHED Department of Trade and Industry-Capiz, through the Provincial Micro Small and Medium Enterprise Development Council (PMSMEDC), has proposed for an insurance scheme for micro and small enterprises (MSEs) to enhance risk management and resiliency of the sector. The micro-insurance seeks to cushion the impact of any unexpected events on their […]

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Import restrictions on US vegetables lifted

Fresh celery, lettuce, and cruciferous vegetables from the United States are coming soon to the domestic market after the Philippine government formally lifted restrictions on the import of these temperate climate vegetables. In a press statement, the US Embassy in Manila said the restriction was formally lifted last June 30, 2014 paving the way for […]

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