PAL to start direct flights to Beijing in March

BW FILE PHOTO PHILIPPINE AIRLINES (PAL) is set to boost its flights to China by operating non-stop flight services to Beijing in March, the flag carrier announced on Monday. PAL, operated by PAL Holdings, Inc., is set to operate flights to Beijing Capital International Airport starting March 30, it said in a statement. The company […]

Philippine cinema icon Gloria Romero, 91

RENOWNED movie and TV actress Gloria Anne Galla-Gutierrez, better known by her stage name Gloria Romero, passed away on Jan. 25, her daughter Maritess Gutierrez announced. In a post on social media, Ms. Gutierrez said, “It is with great sadness that we announce the passing of my beloved Mother, Gloria Galla Gutierrez, a.k.a. Gloria Romero, […]

EPI subsidiary seeks ERC nod for P1.19-B transmission facility

PHILIPPINE STAR/ANTHONY ABAD NORTHERN Palawan Power Generation Corp. (NPPGC), a subsidiary of Emerging Power, Inc. (EPI), is eyeing to link its 145-megawatt-peak (MWp) Cawag Solar Power Project in Subic, Zambales, to the Luzon grid via a transmission facility. The company is seeking the approval of the Energy Regulatory Commission (ERC) to develop, own, operate, and […]

T-bill yields decline further on BSP easing bets

BW FILE PHOTO THE GOVERNMENT on Monday increased the volume of Treasury bills (T-bills) it awarded for the third straight week as rates continued to decline across the board on the back of strong market demand for short-term papers amid heightened expectations of a rate cut by the Bangko Sentral ng Pilipinas (BSP) next month. […]

PDEx eyes P600B in bond issuances this year

PDS.COM.PH THE PHILIPPINE Dealing and Exchange Corp. (PDEx) is eyeing to generate P600 billion in corporate bond issuances this year after missing its target for 2024, according to its president. “We’ll be refocusing it again, but right now, the budget is for P600 billion,” PDEx President and Chief Executive Officer Antonino A. Nakpil told reporters […]

Two hundred UK firms cement four-day week as new norm

Two hundred British companies have now made the four-day working week a permanent fixture for all staff—without cutting salaries—a move heralded by supporters as a fundamental reinvention of the country’s work culture. The latest figures from the 4 Day Week Foundation show these organisations together employ over 5,000 people, with charities, marketing agencies and technology […]

AI-fuelled job automation set to widen inequality in the UK, warns report

The rapid automation of millions of jobs through artificial intelligence could intensify economic inequality across the UK unless the government steps in with targeted support, according to a new study by the Institute for the Future of Work (IFOW). The three-year report found that businesses and workers alike face wide-ranging challenges, from rising skills gaps […]

Tobacco leaf production rises 7.45% in 2024

PHILSTAR FILE PHOTO TOBACCO leaf production increased 7.45% to 45.4 million kilograms in 2024, with more farmers encouraged to plant by export opportunities and local government prodding, according to the National Tobacco Administration (NTA). NTA Deputy Administrator Nestor C. Casela said on Monday that the output boost was accompanied by a weakening of buying prices […]

PPA allocates P2.11B for Camarines Norte port upgrade

NICHOLAS DOHERTY-UNSPLASH THE Philippine Ports Authority (PPA) is allocating P2.11 billion to improve Jose Panganiban port in Camarines Norte to make it suitable for servicing the offshore wind industry. The port regulator is inviting interested parties to submit bids for the port improvement project on or before Feb. 4, it said in a bid notice. […]