Inquirer

MANILA, Philippines — The third round of the government’s green energy auction saw strong participation from investors as the offered capacity reached 7,500 megawatts (MW), substantially higher than the goal of 4,650 MW. The Department of Energy (DOE) said this latest round of bidding dubbed Green Energy Auction-3, which is meant to accelerate the deployment […]…

Keep on reading: Investors seek nod for fresh 7,500 MW of renewables capacity

WASHINGTON, United States — US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. The consumer price index (CPI) edged up to 3.0 percent in January from a year ago, the Labor Department said in a statement — slightly above economists’ estimates. “Overall, this is not a great read,” EY chief economist Gregory Daco told AFP. Speaking in Congress on Wednesday, Federal Reserve chair Jerome Powell said the CPI data reinforced the US central bank’s recent cautious approach on […]…

Keep on reading: US consumer inflation unexpectedly up, Trump blames Biden

MANILA, Philippines — Bloomberry Resorts Corp. has obtained a P40-billion loan from seven local banks to repay an existing debt and improve its cash flow amid the high costs it incurred from opening its newest entertainment project. In a stock exchange filing on Wednesday, the operator of Solaire Resorts and Casino led by billionaire Enrique […]…

Keep on reading: Bloomberry secures P40-B loan deal

MANILA, Philippines — Cebu Pacific is launching next month direct flights from Iloilo to Bangkok, expanding the operations of its hub on the island and beefing up its international network served by airports outside Metro Manila. The low-cost carrier, in a statement on Wednesday, said the new route would be available thrice weekly starting March […]…

Keep on reading: Cebu Pacific cues Iloilo-Bangkok flights

MANILA, Philippines — Four malls of SM Prime Holdings Inc. will get power from rooftop solar panels as the real estate giant ramps up its use of renewable energy and catches up to a self-imposed net zero target. In a statement on Tuesday, the Sy family-led developer said it had partnered with TeaM (Philippines) Energy […]…

Keep on reading: 4 SM malls turn to rooftop solar power

The local bourse bounced back to the 6,000 level on Wednesday as traders hunted for cheaper stocks following four days of declines. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) added 0.94 percent or 56.38 points to 6,044.13. Likewise, the broader All Shares Index gained 0.34 percent or 12.16 points to close […]…

Keep on reading: Bargain hunt boosts bourse back past 6,000

(First of two parts) As a child, Saul suffered abuse in a turbulent home. His stepfather often flung his mother through windows. At 13, Saul found her tied up and gagged in a closet, killed his stepfather, and stayed in prison for years. After release, he found his way to Los Angeles-based Homeboy Industries, founded […]…

Keep on reading: Extravagant tenderness

MANILA, Philippines — The Taguig City government has conducted a week-long festival at TLC village in Lower Bicutan village to mark the Valentines’ Day. Taguig’s “Love at the Park” was opened to the public on Feb. 10 and will continue until Feb. 16. Admission is free and gates open every 5 p.m. daily, with closing times at 10 p.m. from Sunday to Thursday and 11 PM on Friday and Saturday. The festival features 3D art installations like the Hand Heart Installation, Coin Plant Installation, and Green Village Installation. Installations like Rainbow Tunnel, Infinity Tunnel, Instabox Bible Verse Area, Light of […]…

Keep on reading: Taguig’s ‘Love at the Park’ back to mark Valentines’ Day

MANILA, Philippines — The Presidential Communications Office (PCO) on Wednesday said it will hold a fact-check training for state media outlets to combat misinformation and disinformation. The PCO said it partnered with non-profit online news organization Vera Files through a memorandum of agreement to enhance the skills of state media fact-check officers (FCOs) across the country. “Participants will include FCOs from regional units of state media outfits such as the People’s Television Network Inc. (PTV), Radyo Pilipinas, Intercontinental Broadcasting Corporation (IBC), Philippine Information Agency (PIA), and the Philippine News Agency (PNA),” the PCO said in a statement. READ: New PCO […]…

Keep on reading: PCO to hold training for state-media fact checkers

MANILA, Philippines – Filipinos traveling abroad are advised to be vigilant against visa scams and fraud by entities promising they can influence approval. Visa outsourcing firm VFS Global, which handles the visa-related administrative tasks for 28 foreign missions in the Philippines, said visa applications in the country are at “volumes higher than ever before” due to a surge in outbound travel, increasing risk in processing delays. This, in turn, is being taken advantage of by scammers by posing as embassy associates or VFS Global staff, who make false promises about visa approvals. READ: Japan Embassy working to fast-track visa processing to […]…

Keep on reading: Filipinos warned vs. visa fraud, scam as peak travel season approaches