The Philippine Trail Running Association (Philtra) will discuss its coming campaign in Canfranc, Spain, in Tuesday’s first session of the Philippine Sportswriters Association Forum for the month of September. The national trail running team is set to appear in the public sports program to talk about its Sept. 23 to Sept. 28 stint in the […]... Keep on reading: Trail Running joins PSA Forum
CARACAS, Venezuela — Venezuelan President Nicolas Maduro said Monday that eight US military vessels with 1,200 missiles were targeting his country, which he declared to be in a state of “maximum readiness to defend” itself. The United States, which accuses Maduro of heading a drug cartel, has announced a deployment of warships to the south Caribbean in what it labeled an anti-drug trafficking operation. It has made no invasion threat. Yet Maduro railed at a meeting with international media in Caracas Monday against “the greatest threat that has been seen on our continent in the last 100 years” in the […]... Keep on reading: Maduro says US warships with 1,200 missiles targeting Venezuela
VATICAN CITY — Pope Leo XIV intends to continue his predecessor’s openness towards the LGBTQ community, a leading Catholic exponent of reaching out to sexual minorities said Monday after meeting the US-born pontiff in the Vatican. The 30-minute private audience “was very warm and welcoming and friendly and relaxed,” American priest James Martin told AFP ahead of a pilgrimage of LGBTQ Catholics that he plans to attend later this week as part of Jubilee celebrations. “The message I got from Pope Leo was that he intends to continue Pope Francis’s approach of openness to LGBTQ people,” said the Jesuit priest, […]... Keep on reading: Pope Leo XIV receives priest defending LGBTQ Catholics
MANILA, Philippines — Industry groups lauded the appointment of Transportation Secretary Vince Dizon as the new head of the Department of Public Works and Highways (DPWH), saying it marks a new chapter for the government agency beleaguered by controversies over flood control and other infrastructure projects. Although surprised by the resignation of Manuel Bonoan, the […]... Keep on reading: Biz groups: ‘New chapter’ for DPWH under Dizon
Gas prices will go up for the second consecutive week starting Sept. 2. In separate advisories on Monday, Jetti Petroleum, Seaoil, Petron, PetroGazz and Cleanfuel said the prices per liter of diesel will go up by P1, and gasoline and kerosene by both 70 centavos. READ: Petron reels from weaker oil prices, Mid-East conflict Industry sources […]... Keep on reading: Prices of oil products up for second straight week
GREECE — With jerky determination, robots played soccer, wowed children with shadow-boxing skills and shot arrows on Monday at the birthplace of the Olympic Games. As they shuffled and occasionally froze for a battery change, their creators and futurologists debated the central question of when robots will be ready to tidy closets and wash dishes. Outer space before house chores Despite the explosive advance of artificial intelligence in applications like ChatGPT, their physical cousins — robots with human-like appearances and skills — are lagging years behind. “I really believe that humanoids will first go to space and then to houses … […]... Keep on reading: Humanoid robots showcase skills at Ancient Olympia
MANILA, Philippines – The Department of Finance (DOF) is considering a general tax amnesty that could wipe the slate clean on unpaid internal revenue and customs taxes dating back to 2007, as part of a broader effort to raise money without imposing new levies. “It will cover all internal revenue taxes from 2024 and previous […]... Keep on reading: DOF weighs tax amnesty plan covering liabilities from 2007
Conti’s Bakeshop & Restaurant and Wendy’s Philippines, now under a new investor group backed by Malaysian businessman Jaya Sudhir, are bringing in two of the country’s top tycoons as formidable new partners in a P3-billion equity deal. We’re talking about Ramon S. Ang and Manuel V. Pangilinan, who agreed to buy 15 percent each of […]... Keep on reading: BIZ BUZZ: RSA, MVP jointly buying into Conti’s
MANILA, Philippines – PLDT Inc., led by tycoon Manuel Pangilinan, will activate the country’s first laser-based internet to provide fiber-like speed to remote areas, without investing in cable infrastructure. On Monday, the telco giant said that Google Taara laser technology uses beams of light to transmit data across long distances, with each communication site powerful […]... Keep on reading: PLDT brings to the Philippines Google’s ‘game-changing’ laser internet
MANILA, Philippines – The Department of Trade and Industry (DTI) is open to the idea of creating a credit facility to help cushion exporters from higher US tariffs. In an interview on Monday, Trade Secretary Cristina Roque said the agency could set up the credit facility within a week or a month, through Small Business […]... Keep on reading: DTI eyes credit support for exporters hit by US tariffs
MANILA, Philippines – Listed casino developer Suntrust Resort Holdings Inc. has taken a step back from the development of the long-delayed integrated resort project in Entertainment City, instead handing back the reins to tycoon Andrew Tan. In a regulatory filing on Monday, Suntrust said its board of directors had approved plans to “pursue a strategic […]... Keep on reading: Suntrust gets 20% stake in $1-B Westside casino resort
MANILA, Philippines – Mass housing developer 8990 Holdings Inc. will make its P6-billion exit from the local bourse on Oct. 29, making it the third company to delist in what has been a challenging year for local equities. The company on Monday told the exchange that its subsidiary, 8990 Housing Development Corp., would conduct a […]... Keep on reading: 8990 Holdings going back to private hands on Oct. 29
MANILA, Philippines – Jacob Ang, son of billionaire Ramon Ang, will head BMW Philippines at a time of shifting consumer demands due to the entry of other premium brands and electric vehicles in the country. In a statement on Monday, SMC Asia Car Distributors Corp. (SMCACDC), the exclusive distributor of BMW in the Philippines, confirmed […]... Keep on reading: Ramon Ang’s son gets control of BMW Philippines
In the wake of the controversy over ghost and substandard flood control projects in some parts of the country, San Miguel Corp. (SMC) chair and CEO Ramon Ang offered to dredge or clear the debris in some rivers and waterways, free of charge, to help ease the flood problem. Several business organizations supported the offer, […]... Keep on reading: Ambivalent regard for CSR
MANILA, Philippines – The proposed fiscal regime for large-scale mining that is expected to make the local mining industry more competitive and investor-friendly is set to become law. This, as a copy of the consolidated version of Senate Bill No. 2826 and House Bill No. 8937, or the Enhanced Fiscal Regime for Large-Scale Mining Act, […]... Keep on reading: Simplified, rationalized mining fiscal regime set
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