By Denise A. Valdez, Senior Reporter THE WAVE of positive news on coronavirus disease 2019 (COVID-19) vaccine candidates and improved third-quarter earnings of listed companies pushed the Philippine stock market to one of its best months in November. The Philippine Stock Exchange index (PSEi) ended Friday's trading at 6,791.46, down 136.29 points or 1.96% against the previous session. Still, the ...

BW FILE PHOTO THE PESO may strengthen further versus the dollar this week ahead of the release of data on manufacturing, inflation and unemployment. The peso closed at P48.06 against the dollar on Friday, rising by 5.5 centavos from its P48.115 finish on Thursday, data from the Bankers Association of the Philippines showed. Week on week, the peso strengthened by ...

The Barangay Ginebra San Miguel Kings took Game One of their best-of-seven PBA Philippine Cup finals series with the TNT Tropang Giga in overtime, 100-94, on Sunday. (PBA Images) By Michael Angelo S. Murillo, Senior Reporter THE Barangay Ginebra San Miguel Kings drew first blood in their best-of-seven PBA Philippine Cup finals series with the TNT Tropang Giga, winning, 100-94, ...

PHILSTAR/MICHAEL VARCAS THE DEPARTMENT of Health (DoH) reported 2,076 coronavirus infections on Sunday, bringing the total to 429,864. The death toll rose by 40 to 8,373, while recoveries increased by 10,579 to 398,624. There were 22,867 active cases, 82.9% of which were mild, 7.4% did not show symptoms, 6.1% were critical, 3.2% were severe and 0.34% were moderate. Quezon City ...

PHILIPPINE STAR/MICHAEL VARCAS THE DECLARATION of a climate emergency in the Philippines would encourage swift action to combat climate change and ease its impacts, the Speaker of the House of Representatives said on Sunday. The declaration would compel the government, including Congress and other stakeholders to place climate change at the center of their policy and planning decisions, Speaker Lord ...

PHILSTAR A HOUSE of Representatives committee has approved a bill that seeks to impose stiffer penalties against game-fixers in Philippine sports. The bill will amend Presidential Decree 482 by redefining and penalizing attempts to commit game-fixing. People and syndicates behind game-fixing activities earn millions of pesos at the expense of athletes and the games, Manila Rep. John Marvin C. Nieto, ...

PHILSTAR Audit agency says technology, citizen support ensure government accountability amid pandemic THE Commission on Audit (CoA) has adopted innovative technologies and encouraged citizen participation to ensure government accountability amid a coronavirus pandemic, its chairman said Friday. During an online webinar conducted by Stratbase Albert Del Rosario Institute, CoA Chairman Michael G. Aguinaldo said the new environment had opened opportunities ...

1 of 2 Solon asks MMDA to reconsider closing U-turn slots along EDSA A LAWMAKER has asked the Metro Manila Development Authority (MMDA) to reconsider the closure of all U-turn slots along EDSA, the capital region's major thoroughfare. The MMDA plans to close all 13 slots by the end of the year or early 2021, with at least four implemented ...

THE PROPOSED 25% corporate income tax (CIT) will be applied retroactively to July 1, 2020 if the Corporate Recovery and Tax Incentives for Enterprises (CREATE) legislation is signed, Finance Secretary Carlos G. Dominguez III said. “This will allow taxpayers to properly adjust their books and returns for the filing season as the reduction of the CIT rate will be retroactively ...

PHILIPPINE GUARANTEE Corp. (Philguarantee) said it could cover loans of up to P300 million starting next year, with small-, medium-sized and large organizations eligible to apply. “For large firms, we are already entertaining inquiries. But actual applications may start early next year,” Philguarantee President and CEO Alberto E. Pascual said in a text message Friday. The new facility expands the ...