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  • Fresh rice imports to arrive by June, NFA Council head says

    February 12, 2018 6:52 AM 4

    MANILA - Some 250,000 metric tons in new rice imports will arrive by the first week of June, a Cabinet official in charge of securing enough stock of the staple grain said Monday, as he allayed fears of a shortage. Cabinet Sec. Leoncio Evasco, who chairs the inter-agency National Food Authority Council, also said the government would prosecute rice hoarders

  • Flower demand spikes up to 6 times during Valentine's

    February 12, 2018 3:15 AM 3

    MANILA - Demand for flowers will spike by up to 6 times in the run-up to Valentine's Day, online flower retailer Island Rose said Monday. Island Rose produces 2.5 million to 3 million stems of roses every year and during Valentine's season, 60 percent of flowers sold are bought for wives and girlfriends, said its founder, Dustin Andaya. The price of roses

  • Cebu Pacific heeds Duterte plea, to ferry OFWs home from Kuwait

    February 10, 2018 7:46 AM 5

    MANILA - Cebu Pacific on Saturday said it would send one of its planes to Kuwait to fly overseas Filipino workers (OFWs) there who want to return to the Philippines. The airline said it is already coordinating with the Department of Foreign Affairs and the Philippine Embassy in Kuwait on travel arrangements for OFWs who wish to be repatriated

  • PH foreign trade up 9.9% in 2017

    February 9, 2018 10:44 AM 5

    Total imports and exports exceed government targets for the year, posting 10.2 % and 9.5 % growth rates, respectively, while the trade deficit hit a record $4.02 billion in December 2017 MANILA, Philippines— The country’s overall foreign trade in goods grew last year as the country’s import momentum continued on the back of a growing economy. Total merchandise

  • Vista Land to triple mall portfolio by 2020

    February 9, 2018 8:23 AM 3

    MANILA – Vista Land on Friday said it planed to triple the number of its malls to 60 from 22 by 2020. A “significant portion” of the company’s P50 billion capital expenditure this year was allotted to the construction of malls, Vista Land told the stock exchange. "We remain optimistic for the industry, given the strong demand for our commercial spaces

  • PSBank announces Feb. 23 to 26 systems upgrade

    February 9, 2018 7:01 AM 4

    MANILA – PSBank said Friday all accounts would not be accessible through electronic platforms for 3 days later this month due to a systems upgrade. From 10 p.m. on Feb. 23 to 5 a.m. on Feb. 26 all accounts will not be accessible through ATM, online, mobile, corporate internet banking, E-credit and point-of-sale, PSBank said. Flexi Personal Loan accounts

  • Workplace discrimination vs people with HIV persists in PH: Human Rights Watch

    February 9, 2018 3:24 AM 7

    MANILA - "Gus," a 21-year-old teacher, said he was fired from a Catholic school in Pasay City after he told the dean that he was infected with the human immunodeficiency virus or HIV. His case underscores how HIV-positive Filipinos are unfairly treated in the workplace, as the country grapples with rising infections of the AIDS-causing virus, according

  • Humble beginnings: Antitrust chief shares journey to being a boss

    February 8, 2018 11:26 AM 7

    Former Socioeconomic Planning Secretary Arsenio Balisacan's journey to the top of his field was not an easy one. Balisacan, who is now chairman of the Philippine Competition Commission, recalled how his father had to work as a tenant in a farm and then as a janitor to support their family in Ilocos Norte. He said that at one point they even had to "squat"

  • PAL promo fares: Asia, North America trips on offer

    February 8, 2018 8:38 AM 9

    MANILA - Philippine Airlines said Thursday it was offering seats for international flights for less than P5,000 for travel from March to December. Travelers can book a flight to and from Guangzhou (Canton), China for only $95 or P4,879.68 at the PTAA TravelTour Expo which will start on Friday, PAL said in a newspaper announcement. PAL said it was offering

  • Duterte orders halt on new casinos to prevent oversupply

    February 8, 2018 7:55 AM 7

    MANILA- President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia's fastest-growing gambling markets, the country's gaming regulator said on Thursday. The no-nonsense Philippine leader ordered a moratorium on Jan. 11 "because he did not want the industry to be crowded," Andrea Domingo