A leading business group wants the government to declare a “traffic crisis” in Metro Manila. — Philippine Star/ Miguel de Guzman By Justine Irish D. Tabile, Reporter THE MANAGEMENT Association of the Philippines (MAP) is urging the government to appoint a “traffic czar” to address the traffic crisis in Metro […]
Bank chiefs optimistic on industry growth
The Philippine central bank is set to unwind the relief measure allowing banks to use loans to small businesses and large enterprises as alternative compliance with the reserve requirements. — REUTERS By Keisha B. Ta-asan and Aaron Michael C. Sy, Reporters TOP EXECUTIVES of Philippine banks see continued growth in […]
Struggling Philippine indie programmers looking for backers to step up their game
THE GLOBAL GAMING MARKET is projected to grow to $665.77 billion by 2030, according to Fortune Business Insights. By Keisha B. Ta-asan, Reporter JUVENILE MELCHOR “NILEY” B. BACOLCOL, 32, has been trying to develop a horror role-playing game (RPG) that revolves around Filipino mythology since 2018. But the video game […]
BIR clarifies small online sellers are exempt from withholding tax
BW FILE PHOTO THE BUREAU of Internal Revenue (BIR) on Monday clarified that small online sellers are exempted from the payment of the creditable withholding tax imposed on online marketplaces but would still need to register their business. “Small-scale online sellers are exempted from withholding tax. The BIR is sympathetic […]
About the deepfake tech behind the bogus Taylor Swift images
THE WORLD is awash in deepfakes — video, audio, or images that make people appear to do or say things they didn’t, or be somewhere they weren’t. Many are devised to give credibility to falsehoods and damage the reputations of politicians and other people in the public eye. But most […]
Thai alt-pop duo SCRUBB wooing Filipinos’ hearts
AFTER over 20 years of filling Thai airwaves with indie pop music as the band SCRUBB, musicians Muey and Ball find themselves in the Philippines for their very first concert in the country. SCRUBB: Live in Manila will take place at 123 Block in Mandaluyong City on Feb. 10. Muey […]
Razon-led ICTSI awarded 25-year Iloilo port contract
ILOILO PORT set for modernization as ICTSI secures 25-year concession. THE Philippine Ports Authority (PPA) has awarded International Container Terminal Services, Inc. (ICTSI) a 25-year contract to operate the Iloilo Commercial Port Complex in Western Visayas. The contract includes a concession fee of P750 million, covering a period of six […]
Climate change activists aim soup at Mona Lisa in Paris Louvre
PARIS — Two climate change activists hurled soup at the protective glass in front of the world-famous Mona Lisa painting in Paris’ Louvre museum on Sunday. Video footage showed two women flinging red soup at Leonard da Vinci’s masterpiece, to gasps from onlookers. “What is more important? Art or the […]
CNN Philippines to cease operations starting Jan. 31
CNN PHILIPPINES WEBSITE TELEVISION network CNN Philippines will cease operations beginning Jan. 31 due to significant financial losses, its operator Nine Media Corp. (NMC) announced on Monday. “It is with deep regret that the management of Nine Media Corp. announces the discontinuation of its news and production operations on all […]
SM Prime Holdings eyes P100-B capex for 2024
SM Prime Holdings, Inc. plans to allocate up to P100 billion for its capital expenditure (capex) budget this year, the Sy-led company said. “I think we’re looking at close to [the P80 billion we had in 2023] or about P100 billion,” SM Prime President Jeffrey C. Lim told reporters on […]