Internet speed in the Philippines has improved by more than 80 percent in the past two and a half years, while the cost of prepaid mobile Internet in the country is now one of the most affordable in Southeast Asia, according to a telecom executive. Globe Telecom Inc. presented the data to refute a...
Robinsons Retail Holdings, Inc. reported a 13.9 percent drop in attributable net income to P2.4 billion in the first nine months of 2020 due to the impact of quarantine restrictions imposed to stem the spread of COVID-19. In a disclosure to the Philippine Stock Exchange, RRHI noted though...
OF TREES AND FOREST Former Senate President Manny Villar Fatigue, of course, is one of the possible symptoms of COVID-19. But I would like to write about the so-called “pandemic fatigue” – a feeling of exhaustion, impatience, even resignation among people sick and tired of lockdowns and...
GOVERNANCE MATTERS Former Vice President Jejomar Binay In the 1950s, the United States Senate was the venue for anti-communist witch hunts conducted by Senator Joseph McCarthy. The senator whipped up public hysteria and fed on Cold War paranoia by alleging the existence of a massive communist...
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 48 percent drop in consolidated net income to P14.4 billion in the first nine months of 2020 from P27.6 billion in the same period last year. In a disclosure to the Philippine Stock...
Anchoring it mainly on the electricity demand slump this year because of the pandemic, power utility giant Manila Electric Company (Meralco) is targeting a leaner core net income of P21 billion this year, which is roughly 10 to 11-percent lower versus last year’s P24 billion scale of...
Honda Cars Philippines Inc. (HCPI) has vowed to continue expanding its presence in the country as it launched two more models in the last quarter this year alone. HCPI President Masahiko Nakamura said this at Thursday’s virtual public launch of the All-New Honda City and New CR-V. “Every day we...
GOVERNANCE MATTERS Former Vice President Jejomar Binay It would be foolhardy for anyone to think that the congressman from Taguig, after being unceremoniously ejected from his once lofty position as speaker of the House, would suddenly become a paragon of quiet humility and contrition. He is...
OF TREES AND FOREST Former Senate President Manny Villar In my columns in the past, I discussed how we should change from a lockdown perspective to a “living-with-COVID19” frame of mind. Even when a vaccine comes up, experts have said that it will take a some time before we can have it...
As palay prices continue to go down and the alleged entry of tons of smuggled corn began eating up a portion of the domestic demand, Philippine Chamber of Agriculture and Food Inc. (PCAFI) asked the Philippine government to immediately implement safeguard measures for the producers of the...
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country. In a statement to the media, the Department of Energy (DOE) qualified that the memorandum of...
