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Banks extend fee waivers for digital transactions

Inquirer Breaking News - 11 hours 22 min ago
Clients of some of the country's biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter, while some financial institutions have decided to suspend these fees for the rest of the year. Thus said Bangko Sentral ng Pilipinas Gov. Benjamin Diokno, who welcomed this move by bankers in response to the regulator's call for relief measures that would benefit the general public and deepen the use of digital payments during the COVID-19 pandemic. According to the BSP chief, Union Bank of the Philippines, Asia United Bank, Land Bank of the Philippines, Development Bank of the Philippines, Security Bank, Sterling Bank, ...

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SEC approves first ever listing of a REIT company

Inquirer Breaking News - 11 hours 23 min ago
Property giant Ayala Land Inc. has obtained approval from the Securities and Exchange Commission (SEC) to bring to public hands the country's very first real estate investment trust (REIT) that will raise as much as P15.1 billion in fresh capital for more local real estate ventures. In its July 9 meeting, the SEC en banc approved the registration statement of Ayala Land-sponsored AREIT Inc. for an initial public offering (IPO) of as much as 502.57 million common shares at a maximum offer price of P30.05 each. The offer consists of a primary offering of up to 47.86 million new common shares and up to 409.02 million secondary shares, with an overallotment option of up to 45.69 millio...

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PSEi inches up on bargain hunting

Inquirer Breaking News - 11 hours 25 min ago
The local stock barometer ended marginally higher on Friday after falling most days of the week due to concerns on rising coronavirus infections locally. The main-share Philippine Stock Exchange index (PSEi) added 4.8 points or 0.08 percent to close at 6,197.38 on selective buying of large-cap stocks. Explaining the PSEi's sideways movement, PNB Securities president Manuel Lisbona said the market started out sluggish during the session as sentiment was dampened by the apparent resurgence of coronavirus cases in the United States. "Bargain-hunting bulls came in toward the end of the session bidding up the likes of SMC, SM Prime and First Gen," Lisbona said, noting, however, that ...

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Group seeks release of P1.4B in farm credit fund

Inquirer Breaking News - 11 hours 27 min ago
The Federation of Free Farmers (FFF) urged the Department of Budget and Management (DBM) on Friday to immediately release the remaining funds under the Agricultural Competitiveness Enhancement Fund (ACEF) to address the urgent need of farmers for credit given the adverse effects of the COVID-19 pandemic. The ACEF, put up in 1996, was created as a safety net for farmers and fisherfolk affected by trade liberalization policies of the government. It is funded with duties collected from the importation of agricultural products under the minimum access volume as committed by the Philippines to the World Trade Organization. DBM records showed that the ACEF had a fund balance of P5.15 ...

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‘Force majeure’ sets off another drop in Meralco rates

Inquirer Breaking News - 11 hours 29 min ago
Manila Electric Co.'s (Meralco) overall rates will decrease by 2.86 centavos per kilowatt-hour in the July billing, the fourth reduction in as many months, as the distribution giant continues to enjoy relief from its take-or-pay schemes with suppliers. Meralco began invoking force majeure in April as the new coronavirus disease (COVID-19) pandemic stunted demand. This spared it from paying a minimum contracted volume of electricity, thus resulting in an adjustment in consumer bills beginning that month. The July round will allow residential customers of Meralco consuming 200 kwh to see a decrease of about P6 in their bills. The distribution giant's latest overall rate is pegged ...

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Jada Pinkett Smith and Will Smith confirm her involvement with August Alsina

CNN Top Stories - 11 hours 33 min ago
Jada Pinkett Smith and Will Smith "never ever thought that we would make it back."
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Miss Earth to go virtual in November

Inquirer Breaking News - 11 hours 41 min ago
After successfully mounting the Miss Philippines Earth online recently, organizer Carousel Productions is considering taking the same route for its international Miss Earth contest. "I don't think flights will be available by November, we will not be able to go around," Carousel executive vice president Lorraine Schuck told Lifestyle. "I also do not want to take the chance to expose the girls to the risk of infection. I find it a little insensitive having the international delegates come here. I don't want to put them in trouble, or get sick because I got them all together," she added. Carousel Productions has been staging Miss Earth and Miss Philippines Earth since 2001. The be...

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Inquirer Academy holds virtual workshop on confidence, resilience for teens

Inquirer Breaking News - 12 hours 1 min ago
Inquirer Academy will conduct "QuaranTeen: A Virtual Mindfulness Workshop for Teenagers to be Self-Aware, Confident, Empathic and Resilient," July 14, 16 and 20. Though not strict with age, the virtual workshop is designed for ages 13-15 years old. There will also be a virtual workshop titled "Speak Your Mind: Expressing Freely with Respect and Realness" July 29, designed for ages 16-19. Because of the the coronavirus pandemic, there have been many changes in the way we live every day. It is understandable that these changes can be frustrating for teens seeking autonomy from parents, and try to make real connections with peers and achieve excellence in school, sports, advocacies or...

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Amazon tells employees to remove TikTok from devices immediately

CNN Top Stories - 12 hours 46 min ago
Amazon has instructed its employees to remove the short-video app TikTok from their devices immediately, according to a person familiar with the matter.
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Cooper to CDC director: Is the CDC caving to Trump?

CNN Top Stories - 12 hours 46 min ago
CNN's Anderson Cooper asks CDC Director Dr. Robert Redfield about President Trump trashing the agency's guidance for reopening schools.
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DNC warns campaigns about using TikTok

CNN Top Stories - 13 hours 7 min ago
The Democratic National Committee warned Democratic campaigns, committees and state parties Friday to take additional security precautions when using TikTok.
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Ghislaine Maxwell argues for bail, says she's 'not Jeffrey Epstein'

CNN Top Stories - 13 hours 26 min ago
Ghislaine Maxwell, the confidant of accused sex-trafficker Jeffrey Epstein, argued in a court filing Friday that she should be granted bail while awaiting trial, claiming she wasn't in "hiding" while under criminal investigation, as prosecutors allege, and hasn't left the country in more than a year.
Categories: Breaking News

Dozens of Mississippi lawmakers have coronavirus after weeks of refusing to wear masks

CNN Top Stories - 13 hours 41 min ago
If you've been in contact with your state lawmaker in Mississippi, you may want to get a coronavirus test.
Categories: Breaking News

Border authorities use pandemic powers to expel immigrants

Inquirer Breaking News - 13 hours 51 min ago
SAN DIEGO --- The Honduran woman was nine months' pregnant and exhausted with stomach pain when the Border Patrol found her in the Southern California mountains with her longtime partner and their 9-year-old son. What happened next illustrates how difficult it has become to seek asylum in the United States during the coronavirus pandemic. Alexy, 32, and his son Samuel were whisked to the border in the wee hours of June 28 and returned to Mexico. Two days later, after giving birth at a hospital in Chula Vista, California, 25-year-old Karina was returned to Tijuana in similar fashion with her newborn son, a U.S. citizen by birthright. In normal times, the family would probably ha...

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The US has a lot to learn from Taiwan's Covid fight

CNN Top Stories - 13 hours 57 min ago
Public health professionals around the world have lauded Taiwan's response to the coronavirus pandemic. Along with nearby countries such as South Korea and Singapore, Taiwan has employed policy responses to Covid-19 that are worthy of emulation around the world. Taiwan, in particular, effectively contained Covid-19 by springing to action early, coordinating a government-wide response to the virus, and clearly communicating with its citizenry.
Categories: Breaking News

Trump swipes at China for virus, trade deal

Inquirer Breaking News - 13 hours 59 min ago
MIAMI --- President Donald Trump suggested work on the second phase of a U.S.-China trade deal has become a low priority, saying the two nation's relationship has been "severely damaged" by Beijing's handling of the coronavirus pandemic. Trump, speaking aboard Air Force One on his way to Miami on Friday, repeated his persistent criticism that China could have done more to stop the spread of the virus, which originated in Wuhan province. Trump did not completely rule out working on phase two of the deal but made clear that it was not a top concern. "Honestly, I have many other things in mind," Trump said. The United States and China signed phase one of a trade agreement in Jan...

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Merkel inserts a dagger into populists' 'denial of basic truths'

CNN Top Stories - 14 hours 16 min ago
Angela Merkel may not scream down the phone at President Donald Trump -- but she knows how to insert a dagger.
Categories: Breaking News

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