The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines. The Philippine Coconut Authority (PCA), the industry regulating body which...
The Games and Amusements Board (GAB) has cleared three training venues for Premier Volleyball League teams as it nears resumption of competition in the coming months. GAB Chairman Baham Mitra has given a clear signal on Ronac Gym in Shaw Boulevard, and Greenhills West Gym and The Arena both in San...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
Inflation forecast adjusted upwards The central bank’s Monetary Board decided today (February 11) to keep policy settings unchanged but adjusted the inflation forecast for 2021 higher as it sees consumer price index remaining elevated for most of this year due to supply side shocks. Bangko...
Manny Pacquiao (Top Rank Photo) In the eyes of Games and Amusements Board (GAB) Chairman Baham Mitra, Manny Pacquiao should still be the WBA super champion in the welterweight division. Mitra pointed this out in his Feb. 9, 2021 letter to Gilberto Jesus Mendoza, president of the World Boxing...
A product of community-based basketball tournaments, former PBA superstar Dondon Hontiveros believes that these types of leagues should continue as it helps in the development of players. The statement of Hontiveros came after the Games and Amusements Board (GAB) approved the formation of a new...
No vaccine. No games. This continues to apply to non-professional leagues and tournaments after the Games and Amusements Board (GAB) reiterated on this call as the government continues to fight the spread of COVID-19 in the country. The appeal of Mitra is in line with the decision of the Joint...
The Bangko Sentral ng Pilipinas (BSP) said Friday the Monetary Board has approved a total of $17.7 billion public sector foreign borrowings in 2020 mostly for COVID-19 response, up 82.5 percent from 2019’s $9.7 billion. In the fourth quarter of 2020 alone, the BSP approved $4.2 billion public...
Photo from FIBA The PBA Board of Governors gave the green light Thursday to the staging of another special round for Gilas Pilipinas players in the annual Rookie Draft slated March 14. Samahang Basketbol ng Pilipinas president Al Panlilio, who attended the afternoon meeting at the PBA Office in...
After a number of sports leagues turned professional last year, expect more to follow the same route in the coming months under strict health guidelines, Games and Amusements Board (GAB) chairman Abraham “Baham” Mitra said Monday. The health crisis caused by the COVID-19 outbreak postponed or...
Games and Amusements Board (GAB) chairman Baham Mitra said Friday that the Supplemental Guidelines to the Joint Agreement Order (JAO) will be distributed to sports organizers aiming to conduct sports meet particularly at the professional level. According to Mitra, a former Palawan governor, the...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
