By Nivedita Balu and Noel Randewich Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading ...

SAO PAULO – Deforestation last year rose to the highest level since 2015 in Brazil’s Cerrado, prompting scientists on Monday to raise alarm over the state of the world’s most species-rich savanna, a major carbon sink that helps to stave off climate change. The Cerrado, which is spread across several states of Brazil and is one of the world’s largest ...

REUTERS PHILIPPINE MANUFACTURING activity inched up to a nine-month high in December on increased orders, IHS Markit said on Monday. The Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 last month from 51.7 in November, the highest since 52.2 in March 2021. A reading above 50 indicates improving conditions for the manufacturing sector while anything below suggest the opposite. ...

METRO MANILA is under Alert Level 3, a stricter form of lockdown, up to Jan. 15 to curb the spike in coronavirus cases. — PHILIPPINE STAR/ MICHAEL VARCAS By Jenina P. Ibañez, Senior Reporter A FASTER ROLLOUT of coronavirus disease 2019 (COVID-19) vaccines and public compliance with health protocols have become more urgent as the recent increase in infections threatens ...

PCOO PRESIDENT Rodrigo R. Duterte directly vetoed five items in this year’s P5.024-trillion national budget, including the creation of a human rights institute. Mr. Duterte rejected a provision in Republic Act 11639 or the General Appropriations Act (GAA) of 2022 that establishes a human rights institute, saying no “appropriation is provided for the purpose.” “The creation of an institute, just ...

THE Philippine Dealing System Holdings Corp. (PDS) will launch the country’s first digital corporate bond in February to deepen local capital markets, the Department of Finance (DoF) said. The issuance will use distributed ledger technology, where transactions are recorded in several sites instead of a centralized database. Philippine Dealing and Exchange Corp. (PDEx) President and Chief Executive Officer Antonio A. ...

PHILIPPINE STAR/ KRIZ JOHN ROSALES By Jenina P. Ibañez, Senior Reporter THE PHILIPPINE government must move its tax collection processes online to cut costs and improve compliance among individuals and businesses, the Asian Development Bank (ADB) said. ADB Southeast Asia economist Aekapol Chongvilaivan said such reforms will help improve tax revenue collections. “Our recent report on tax reforms in Southeast ...

THE Securities and Exchange Commission (SEC) has revoked the registrations and the certificates of incorporation of two more entities “for serious misrepresentation as to what the corporations can do to the great prejudice of or damage to the general public.” In an order dated Dec. 31, the SEC said it revoked the registration of MassDrop Marketing and Franchising Opc and ...

EASYCALL Communications Philippines, Inc. (ECP) has inked the transaction documents related to the P162.93-million acquisition of information technology (IT) firm Transnational E-Business Solutions, Inc. (TESI) on Jan. 1, 2022. In a disclosure to the exchange on Monday, the listed firm said it is finalizing the bank loans and/or shareholder advances of up to P200 million to fund the acquisition, its ...

THE Board of Investments (BoI) has approved the application of Carthage Crab Meat Processing (CCMP) for its P9-million crabmeat canning factory in Bacolod City, Negros Occidental. The BoI said in a statement on Monday that CCMP’s raw crab requirements reach 1,970 metric tons (MT), of which 20% or 394 MT, equivalent to P132 million, will come from local fisherfolk. “The ...