FREEPIK GLOBE Telecom, Inc. announced on Wednesday that it entered into a $350-million joint venture partnership with ST Telemedia Global Data Centres and Ayala Corp. to develop and operate data centers in the country. Under the deal, ST Telemedia, a global data center company, and Ayala Corp. will subscribe to new shares in KarmanEdge, Inc., […]Read More

PARIS —  The Cannes film festival said in a statement on Tuesday it would ban official Russian delegations from its 2022 festival unless the Ukraine conflict ends. It added the festival will only admit official Russian delegations if the Ukraine conflict ends in a manner acceptable to the Ukrainian people. The festival organizers however saluted […]Read More

STOCKS slid on Wednesday on profit taking and as Russia continued to attack Ukraine, affecting prices of oil and commodities. The benchmark Philippine Stock Exchange index (PSEi) fell by 100.59 points or 1.35% to close at 7,304.02 on Wednesday, while the broader all shares dropped by 40.31 points or 1.02% to close at 3,880.74. “Local […]Read More

BW FILE PHOTO THE PESO weakened versus the greenback on Wednesday as Russia continued to attack Ukraine, which has caused oil supply worries. The local unit closed at P51.42 per dollar on Wednesday, weaker by 19 centavos from its P51.23 finish on Tuesday, based on data from the Bankers Association of the Philippines. The peso […]Read More

REUTERS THE Department of Energy (DoE) said on Wednesday that it expects President Rodrigo R. Duterte to issue an executive order (EO) outlining a policy on nuclear energy soon. “We heard from the Office of the President that the policy (on nuclear energy) will be approved soon, it’s an EO. (The Nuclear Energy Program Inter-Agency […]Read More

PHILSTAR THE Department of Environment and Natural Resources (DENR) said it is working on contingency measures for the dry season amid low water levels at Angat Dam, and is currently considering water use efficiency measures, cloud seeding, increasing reliance on treated water, and tapping deep wells. The DENR and the National Water Resources Board (NWRB) […]Read More

THE Philippines has ample legislation to facilitate a transition to a low-waste, circular economy, but has not managed to shepherd any of the measures to the implementation stage, the Asian Development Bank Institute said in a report. The report, Prospects for Transitioning from a Linear to Circular Economy in Developing Asia, noted over 400 bills […]Read More

GROUPS representing small farmers and laborers said the Department of Trade and Industry (DTI) needs to use its power to keep prices in check, as authorized by the Price Act, in order for their constituents to better afford basic goods. The Kilusang Mambubukid ng Pilipinas (KMP) and Anakpawis Party-list noted that the government has the […]Read More

THE Intellectual Property Office of the Philippines (IPOPHL) said it launched an electronic certificate of patent program, known as Patent eCert, on Feb. 28 to bring the intellectual property (IP) registration process online from end to end. The IPOPHL said in a statement on Wednesday that starting March 1, Patent eCerts will be issued to […]Read More

THE Philippines could position itself as an alternative metals supplier if major producers like Indonesia take their output off global markets, or if supply is otherwise disrupted, IHS Markit said. It added that the Philippines is well-positioned in metals required for electric cars and other “green” applications. At a recent virtual forum, IHS Markit Associate […]Read More