BW FILE PHOTO THE PESO hit a one-month low against the dollar on Monday on expectations that the US Federal Reserve will remain hawkish, and amid global inflation concerns. The local unit closed at P56.21 per dollar on Monday, weakening by 28 centavos from its P55.93 finish on Friday, based on data from the Bankers Association of the Philippines. This ...

PHILSTAR THE Agriculture Undersecretary who resigned following the recall of Sugar Order (SO) No. 4 said he signed the order after a meeting with the President convinced him of the urgent need to import 300,000 metric tons of sugar, adding that he believed he was fully authorized to act in such a manner. At a joint hearing on Monday of ...

PHILIPPINE STAR/ MIGUEL DE GUZMAN MUFG Bank said it upgraded its view on Philippine economic growth in 2022 to 6.7% from 6.5% previously, citing stronger-than-expected performance in the first half. MUFG Bank analyst Sophia Ng, in a note issued on Monday, said the upgraded growth outlook was due to the “robust” 7.8% growth posted in the first half. “Given the ...

THE Department of Trade and Industry (DTI) said the ratification of the Regional Comprehensive Economic Partnership (RCEP) remains one of its top priorities due to the unease that failure to sign on to the trade deal has caused investors. The DTI was briefing the Senate Trade, Commerce and Entrepreneurship Committee on Monday on its policy priorities. Trade Secretary Alfredo E. ...

REUTERS THE Department of Tourism (DoT) said Thailand is experiencing a shortage of hotel workers as demand in that industry recovers, and will seek to employ Filipinos to fill the gaps. In a statement on Monday, the DoT said Secretary Maria Esperanza Christina G. Frasco and Thai Minister of Tourism and Sports Phiphat Ratchakitprakarn, at an Aug. 18 meeting, reached ...

PHILSTAR THE National Electrification Administration (NEA) has directed electric cooperatives to tap more renewable energy if they are currently drawing power from diesel or bunker-fired power plants. “We have directed cooperatives to procure renewable energy for the hybridization of their diesel or bunker-fired power suppliers that they are (currently) engaged with,” NEA Administrator Emmanuel P. Juaneza told Businessworld by phone. ...

FREEPIK OCCUPATIONAL HEALTH, safety and productivity measures were in place in over 98% of establishments in 2019, the last full year before the pandemic, the Philippine Statistics Authority (PSA) said, citing the results of a survey. The Integrated Survey on Labor and Employment: Module on Occupational Safety and Health Practices found that 98.6% of the 38,305 establishments with 20 or ...

Yesterday marked the end of beach days for students as they officially start a new academic year. While summer 2022 might seem brief, the young may very well be looking forward to face-to-face classes. Zoom classes can be set aside for the meantime while students flock back to schools for their first-ever in-person classes since the pandemic. At the onset ...

PARENTS crowd the entrance and fence of Concepcion Elementary school during the first day of face to face class monday Aug 22. — PHILIPPINE STAR/ WALTER BOLLOZOS By Kyle Aristophere T. Atienza, Reporter THE GOVERNMENT on Monday said the coronavirus pandemic would no longer be an excuse to suspend face-to-face classes, as Filipino students endured heavy traffic on their way ...

PARENTS and students set up camp along the sidewalks near the Department of Social Welfare and Development (DSWD) main office in Batasan, Quezon City on Saturday midnight as they queue for the start of distribution of the agency’s educational assistance program in preparation for the new school year. — PHILIPPINE STAR/MIGUEL DE GUZMAN By Kyle Aristophere T. Atienza, Reporter THE ...