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February 23, 2018 1:18 AM Canada to accept bid from Boeing for new fighter jets

OTTAWA - Canada said Thursday it was allowing Boeing to submit a bid to replace the country's aging F-18 fleet, after an earlier trade dispute between the American manufacturer and Ottawa. The announcement came a month after the US International Trade Commission rejected a complaint filed by Boeing against its Canadian rival Bombardier, demanding nearly 10

February 22, 2018 11:20 AM Cost of Metro Manila’s heavy traffic rises 45% to P3.5b

The daily cost of heavy traffic to Metro Manila residents jumped 45.6 percent this year as vehicle congestion in the metropolis got worse, the Japan International Cooperation Agency said Thursday. Susumo Ito, chief representative of Jica Philippines Office said during the 36th Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan 7

February 22, 2018 10:04 AM Australia topples Gilas Pilipinas in FIBA WC Asian Qualifiers

Gilas now holds a 2-1 record in Group B while Australia becomes the only undefeated team behind a 3-0 card (UPDATED) MANILA, Philippines – Gilas Pilipinas couldn't sustain its hot start and the Australia Boomers cruised to an 84-68 win in their opening game of second window of the FIBA Asian Qualifiers for the 2019 World Cup at the Margaret Court Arena 5

February 21, 2018 11:30 PM Teehankee appointment as WTO representative deferred

The Commission on Appointments deferred on Wednesday the confirmation of Ambassador Manuel Teehankee as the permanent representative to the World Trade Organization (WTO) in Geneva, Switzerland. The decision came after Sen. Risa Hontiveros moved to delay Teehankee’s appointment, citing a letter against the ambassador from the Geneva Forum for Philippine 11

February 21, 2018 9:38 PM Ayala Land raising P25B to help fund 2018 capex

Property giant Ayala Land Inc. (ALI) has secured board approval to raise up to P25 billion from a mix of retail bond, corporate notes and bilateral loan deals as it prepares to fund record-high capital spending this year. In a disclosure to the Philippine Stock Exchange yesterday, ALI said its board had approved a P20-billion fund-raising through the issuance 11

February 21, 2018 9:29 PM Easing of foreign limits set

Socioeconomic Planning Secretary Ernesto M. Pernia (File photo by JOAN BONDOC / Philippine Daily Inquirer) The government is planning to allow up to 100-percent foreign participation in foreign-funded construction projects while also raising the share for those that will be financed locally, the country’s chief economist said Wednesday. On the sidelines 11

February 21, 2018 11:38 AM In dieting, low-fat or low-carb are the same — study

MIAMI — Common dieting advice urges people to either eat fewer carbohydrates or less fat in order to shed weight. But a study Tuesday found neither approach is better than the other. Nor is a person's genetics or insulin metabolism a key factor in whether a diet works for them or not, said the report in the Journal of the American Medical Association 10

February 21, 2018 11:08 AM Investors swarm BSP’s weekly offering

THE P110-billion worth of term deposits offered by Bangko Sentral ng Pilipinas in its weekly auction remained oversubscribed Wednesday due to investors’ strong demand for the seven-day, 14-day and 28-day instruments. Data showed total tenders reached P130.47 billion, exceeding the weekly volume of P110 billion. The week-long deposits worth P50 billion 10

February 21, 2018 10:52 AM Number of foreign visitors up by 16% in January — DOT

The foreign visitors to the country rose by nearly 16 percent in January following efforts by the government and the private sector to boost its promotion campaigns and air connectivity, the Department of Tourism said yesterday. In a statement, the DOT said January’s visitor arrivals hit an “all-time high” of 732,506, which is 15.97 percent increase 9

February 21, 2018 2:10 AM Philippines LTE speed 85th in the world: industry monitor

MANILA - Internet speeds using the LTE frequency have plateaued worldwide, as telecommunications companies focused more on expanding their reach, according to an industry monitor. Out of 88 territories included in London-based OpenSignal's report, the Philippines ranked 85th in terms of LTE speed and 75th in terms of LTE availability. The Philippines 11