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The Philippine Stock Exchange index (PSEi) closed marginally lower on Thursday in a session that was interrupted by technical problems. The benchmark stock index dipped 0.007 percent or 0.54 points to 7,268.95, while the All Shares index eased 0.08 percent or 3.53 points to 4,271.18. Market trading was halted from…

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THE Department of Agriculture (DA) said anti-dumping duties on Turkish flour will take effect starting next month in line with the findings of the Tariff Commission that Turkish exporters were selling wheat flour to the Philippines at below market prices in Turkey. Under Department of Agriculture Order 10, Agriculture Secretary…

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AYALA Corp. (AC) has raised $275 million (about P12.4 billion) from the sale of common shares to finance investments in infrastructure and power generation projects. “Proceeds raised from this placement will allow Ayala to expand into business lines that will result in robust and sustainable earnings for the company. At…

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Aboitiz-led Union Bank of the Philippines said it raised P7.2 billion from the sale of Basel 3-compliant Tier 2 notes to finance the expansion of its lending and investment businesses. Union Bank said the notes issue exceeded the target size of P5 billion “to satisfy the investing public.” The bank…


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The Department of Trade and Industry (DTI) finally released the Implementing Rules and Regulations (IRR) on Republic Act (RA) 10642 or the Philippine Lemon Law. The IRR was signed by DTI Secretary Gregory Domingo on November 17 after months of deliberation by the Technical Working Group (TWG) composed of members…

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Ateneo de Manila University head coach Bo Perasol has been suspended for one game by the University Athletic Association of the Philippines (UAAP) Board after an altercation with a La Salle alumnus moments after the Blue Eagles’ game with the Green Archers at the Araneta Coliseum last Sunday. Ateneo…

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BEIJING – China’s trade with Southeast Asia could more than double to $1 trillion by 2020, Premier Li Keqiang has told regional leaders, downplaying simmering territorial disputes and stressing their “common destiny”, state media reported Wednesday. Li called for an upgraded version of the free trade deal between the…

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TOKYO – Japanese car giant Toyota Motor said Thursday it was recalling some 370,000 vehicles worldwide over glitches that could cause them to stop mid-journey. The world’s biggest auto maker said around 170,000 units were being recalled because bolts pinning a valve control system inside the engine could become…

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The Philippine government spends only 3 percent on public health, much smaller than what the World Health Organization’s (WHO) recommends. Oscar Picazo, PIDS senior health research consultant of the Philippines Institute for Development Studies (PIDS), told reporters “about 3 percent to 3.5 percent” of the country’s gross domestic product…

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A man was reportedly decapitated Tuesday night in an explosion along the national highway in Zamboanga del Sur, police said on Wednesday. The blast occurred along the national highway in Barangay Tapodoc, Labangan town. The reports said bomb experts from the Lanbangan police station recovered another improvised explosive device (IED)…