Saudi Arabia’s ancient Red Sea port city Jeddah, stewing in the steamy heat of the world’s hottest summer on record, is not the obvious pick to cool the world’s fiercest conflict, currently raging in Ukraine. Yet, the desert kingdom’s king-in-waiting, Crown Prince Mohammed bin Salman – MBS for short – thinks he can help. Last […]Read More

BW FILE PHOTO THE PESO sharply retreated to return to the P52 level versus the greenback on Monday amid hawkish signals from the US Federal Reserve and expectations of a prolonged war between Russia and Ukraine. The local unit closed at P52.05 per dollar on Monday, shedding 46 centavos from its P51.59 finish on Friday, […]Read More

BW FILE PHOTO THE PESO sharply retreated to return to the P52 level versus the greenback on Monday amid hawkish signals from the US Federal Reserve and expectations of a prolonged war between Russia and Ukraine. The local unit closed at P52.05 per dollar on Monday, shedding 46 centavos from its P51.59 finish on Friday, […]Read More

BW FILE PHOTO SHARES declined on Monday amid a shortened trading week and ahead of the release of US inflation data, which are expected to have reached a fresh high in March. The benchmark Philippine Stock Exchange index (PSEi) fell by 29.73 points or 0.42% to close at 6,988.29 on Monday, while the broader all […]Read More

FINANCE Secretary Carlos G. Dominguez III said he prefers a wealth tax centered on reforming the real property valuation system because taxes on other forms of wealth are more easily evaded. He said in a statement issued by the Department of Finance (DoF) on Monday that should the government end up targeting the super-rich, he […]Read More

TUCP FB PAGE THE Trade Union Congress of the Philippines (TUCP) on Monday filed a petition seeking to increase the daily minimum wage in the Soccsksargen region in the southern Philippines to P724 from P336, in line with petitions filed with other regional wage boards. The TUCP cited the rising cost of living, which has […]Read More

PHILSTAR THE Sugar Regulatory Administration (SRA) said the draft order authorizing 350,000 metric tons (MT) of sugar is intended to backstop domestic supply following shortfalls in local production. Administrator Hermenegildo R. Serafica said in a statement on Monday: “What the detractors of imports have failed to consider is the issue of food security, in particular, […]Read More

DAVAO CITY GOVT. THE GOVERNMENT has invited bidders to participate in an auction for the contract to supply buses to the P73.93-billion Davao City bus system project. The Transportation department said the government is seeking suppliers of diesel and electric buses for the Asian Development Bank (ADB)-funded project. The auction is “open to bidders from […]Read More

MINDANAO TRADE EXPO FOUNDATION, INC. – MTEFI FB PAGE THE full potential of trade deals available to micro, small, and medium enterprise (MSME) exporters remains largely untapped, pointing to a need for the government to talk up the advantages of such preferential arrangements, the Department of Trade and Industry (DTI) said. “The government must empower […]Read More