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October 12, 2018 9:34 PM Bargain hunters lift PSEi back to 7,000

The local stock barometer sprang back to the 7,000 level on Friday as the previous day’s bloodbath attracted domestic bargain-hunters. The main-share Philippine Stock Exchange index (PSEi) recovered 120.39 points, or 1.75 percent to close at 7,004.77, tracking the rebound in regional markets and the Dow Futures. Local investors kept the index afloat 61

October 12, 2018 10:57 AM 60,000 patents from Microsoft go open source

Microsoft continued its transformation as a tech company by joining the Open Invention Network (OIN) and making its 60,000 patents open source. For people familiar with the tech industry, the move will come as a big surprise since Microsoft had historically been at odds with the open-source community over patent issues. According to a Microsoft blog post on Oct. 10 written 50

October 11, 2018 7:20 AM Ronaldo insists sex was 'completely consensual'

Lawyer Peter Christiansen says 'documents that allegedly contain statements by Cristiano Ronaldo... are pure invention' LISBON, Portugal – Cristiano Ronaldo insisted again Wednesday, October 10, that he did not rape a woman he met in a Las Vegas hotel in 2009 and that their sexual encounter was "completely consensual," said his lawyer. "Ronaldo is forced 50

October 10, 2018 10:54 AM Sony CEO confirms they will have 'next-generation hardware' for gaming

He doesn't say if it will be called PlayStation 5 MANILA, Philippines - Sony CEO and President, Kenichiro Yoshida has confirmed that the successor to the Playstation 4 is in the works. Yoshida, however, did not share details of what the console will be called and when it will be released. , John Kodera, CEO of Sony Interactive Entertainment said that Playstation 69

October 10, 2018 9:05 AM Grab welcomes UK audit firm as its third party monitor

Ride-hailing company Grab Philippines said on Wednesday it is “satisfied” with the decision of the Philippine Competition Commission (PCC) to appoint international audit firm Smith & Williamson to monitor its compliance to pricing and service quality. Smith & Williamson will serve as the independent third party monitor trustee and will check on Grab’s 24

October 10, 2018 8:32 AM Defying PH economic woes, long term investment inflows surged 52% in first 7 months

Long term investment inflows into the Philippines continued to defy the outflow of short term capital from the financial markets and the adverse sentiment brought about by high inflation and slowing economic growth, data from the central bank revealed. According to the Bangko Sentral ng Pilipinas (BSP), net inflows of foreign direct investments for the first 47

October 9, 2018 9:29 PM Rally at ERC protests high power rates in Iloilo City

Members of a consumer rights advocate group trooped to the office of the Energy Regulatory Commission (ERC) to protest high electricity rates of the Panay Electric Company (Peco). The group said it was in solidarity with Iloilo City consumers and their bid to have better power services. The group supported a complaint filed against an alleged 1,000 percent 40

October 9, 2018 9:27 AM PH’s Nayre drops out of YOG table tennis; Tio off to strong start in kiteboarding

BUENOS AIRES—Facing the No. 1 player in the world in a crucial meeting certainly has its downside for Jann Mari Nayre. Kanak Jha of the United States shut the door on Nayre in the round of 16 after posting a narrow 13-11, 11-8, 15-13, 11-8, straight-set victory on Monday in the 2018 Youth Olympic Games at the Table Tennis Arena of the Technopolis here. “I have kept the game close 39

October 9, 2018 8:43 AM Microsoft announces game-streaming technology Project xCloud

MICROSOFT AND GAME STREAMING. Project xCloud aims to bring console and PC games to mobile devices. Screenshot from YouTube. MANILA, Philippines – While Google may have already released details on its game streaming initiative called Project Stream, Microsoft was first to tease the prospect of streaming console games onto other devices back at E3 2018. On Monday 82

October 9, 2018 6:23 AM Retired US Navy man found dead in Subic Bay Freeport

SUBIC BAY FREEPORT – A 69-year-old retired US Navy serviceman was found bludgeoned to death on Monday inside his house at the Binictican Heights in this free port. Sonny Almazan was apparently beaten to death with a golf club, which was found with bloodstains inside his bedroom, said a report from the Investigation Division of the Law Enforcement Department 51