THE NATIONAL GOVERNMENT’S total debt service bill increased more than fivefold from a year ago to P268.41 billion in March as principal payments surged, data from the Bureau of the Treasury (BTr) showed. The March debt service bill was significantly higher than the P49.29 billion recorded in the same month in 2020. BTr data showed amortization payments made up 82.2% ...

Credit activity may pick up in the second half of the year, once lockdown restrictions are eased. — REUTERS By Luz Wendy T. Noble, Reporter SLUGGISH BANK LENDING is expected to continue in the next few months, with improvements likely seen by late 2021 if the pandemic-related restrictions are further eased in the Philippines, according to analysts from credit rating ...

THE ANTI-RED TAPE Authority (ARTA) is aiming to reach the Philippines’ highest score yet in the next global Doing Business report, its top official said. The World Bank’s annual Doing Business report assesses countries’ competitiveness by measuring regulations that enhance and constrain business activity. Countries with fewer regulations will have a higher ranking on the Doing Business index, which will ...

USERS of the North Luzon Expressway (NLEX) will pay higher toll fees starting May 18. — PHILIPPINE STAR/ MICHAEL VARCAS MOTORISTS USING the North Luzon Expressway (NLEX) will pay higher toll fees starting Tuesday (May 18), the tollway operator said over the weekend. NLEX Corp. said in a statement the toll increase will take effect at 12:01 a.m. on May ...

IT’S a sobering thought that after our bones have been ground to dust, there’s going to be a piece of immortal plastic to replace one of us, remaining on earth until who-knows-when. To tackle this issue of the virtual immortality of plastic, Procter & Gamble (P&G) Philippines announced at a sustainability summit on May 6 the various steps it has ...

By Virginia Postrel VEGAN silk and leather, mine-free diamonds, bioengineered perfumes: Lab-grown products with ethical appeal could be the future of luxury. Exemplified by the announcement the other week that giant jeweler Pandora A/S will no longer use mined diamonds in its products, the emergence of these high-tech luxury goods represents a significant cultural shift. Since the first Earth Day ...

LIVESTREAM shopping company Shoppertainment Live, Inc. said live shopping for e-commerce brands is on the rise in the Philippines, with Filipino consumers becoming more receptive to the new form of shopping amid the pandemic crisis. “It takes 30 days to create a habit, and it’s been over a year [since the pandemic began] and people are still watching,” Shoppertainment Live ...

Startup company held ‘constructive’ talks with suppliers, contractors, clients REVOLUTION Precrafted Philippines, Inc. said it is working on settling its obligations with suppliers, contractors, and clients “after a series of constructive discussions in the last few months.” The startup company, along with subsidiaries Resurgent Corp. and Renegade Branding Concepts, said it has also reached “amicable resolutions” even with those who ...

1 of 4 A CULT New York brand that is 170 years old, Kiehl’s was bought by L’Oréal in 2000, and the world hasn’t been the same since. Coveted celebrity secrets (Carolyn Bessette Kennedy reportedly adored their Creme with Silk Groom, among others) can now appear on bedside tables around the world —  including yours, if you play your cards ...

With the end of the pandemic tunnel still not in sight, the car industry continues to pivot OUR VERITABLE pandemic tango is continuing with another relaxation of the quarantine controls. As we go to press, President Rodrigo Duterte, with guidance from the Inter-Agency Task Force on Emerging Infectious Diseases (or, simply, IATF) has declared that the so-called NCR Plus will ...

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