GERD ALTMANN -PIXABAY On Friday, Jan. 12th, Ralph Recto replaced Benjamin Diokno as the Secretary of the Department of Finance (DoF). After months of speculation, rumors which Mr. Diokno dismissed, Malacañang announced the appointment of Ralph Recto as Finance Secretary. The announcement was done late in the evening, just hours […]
Motolite: Beware when storing used car batteries
PHOTO FROM MOTOLITE MOTOLITE, a leader among the country’s automotive battery brands, advised motorists and businesses to exercise caution should they see the need to store used lead acid batteries (ULAB) in their premises. In a release, the company said “this is to avoid accidents such as fire and contamination […]
AI threatens to push human fashion models out of the picture
By Riddhi Setty, Bloomberg Law SHEREEN WU, a Taiwanese-American model, didn’t ask for money to participate in an October fashion show. Then 21, the Californian was in it for the exposure. So Ms. Wu was stunned a few days later when she saw a video of the show posted on […]
Rates of T-bills, bonds may climb after US data
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could track the rise in secondary market yields following the latest US inflation data and US Federal Reserve rate cut bets. The Bureau of the Treasury (BTr) will auction off P15 billion in T-bills on Monday, […]
FAO team in town to consult with industry on farm modernization
REUTERS THE Food and Agriculture Organization (FAO) will meet with agriculture industry representatives to support Philippine efforts to modernize farming. In a statement, the FAO said it will oversee consultations with the government, private sector, academic institutions and non-governmental organizations this week. “The Philippines has a unique experience in resilient […]
Want to avoid fake news? Step away from Google
Searching for information has become instant and effortless — just go to your nearest device, ask Siri, or click a few keys. But are we better informed than we were before Google became a verb? A new paper published in Nature hints that we’re not. When researchers exposed volunteers to […]
Xiaomi plugs into EV realm
1 of 2 XIAOMI formalizes its entry into the realm of electric vehicles (EVs) with the Xiaomi SU7. In a release, the company said it banners five core technologies: an e-motor, battery, die-casting, Xiaomi Pilot Autonomous Driving, and a so-called Smart Cabin. “From the development of foundational core technologies, Xiaomi […]
Investors profit-take on Ayala Land’s optimistic outlook
SHARES in the Ayala-led property developer Ayala Land, Inc. dropped last week as investors took profits amid signals of rate cuts this year, which could support the company’s rosy outlook. A total of 44.23 million shares, worth P1.52 billion, were traded from Jan. 8 to 12, according to data from […]
Investors increase ECB cut bets
BW FILE PHOTO INVESTORS increased their bets on future European Central Bank (ECB) rate cuts on Friday, sending euro area government bond yields lower as data showed US producer price inflation was weaker than expected in December. Money markets priced in 155 basis points (bps) of policy rate reductions by […]
Succession auction takes in over $600,000 as fans flock to props
1 of 2 TOM FORD “Jago” Sneakers worn by Jeremy Strong as the character “Kendall Roy” in the HBO Original Series Succession in Season 4, Episode 2. — ENTERTAINMENT.HA.COM The “Ludicrously Capacious” carried by actress Francesca Root-Dodson playing “Bridget” in Season 4, Episode 1 “The Munsters.” — ENTERTAINMENT.HA.COM “HEY Buddha, […]