WIKIMEDIA COMMONSSenator Sherwin T. Gatchalian, who chairs his chamber’s energy committee, urged the Energy department to release the findings of a study on nuclear energy to build public confidence in the energy source. “The Senate funded the Department of Energy’s (DoE’s) nuclear research and feasibility study amounting to P266 million since 2018. This study should be made public in order for ...

FILE PHOTO | GSISThe investment portfolio held by the Government Service Insurance System (GSIS) grew 5.22% to P890.59 billion in 2021, with the growth propelled by foreign-currency investments in equities and infrastructure, the Department of Finance (DoF) said in a statement, citing a report from the agency. “The growth came primarily from the GSIS’s well-positioned foreign currency denominated investments, particularly in the ...

FILE PHOTO | SSSA resolution was filed in the House of Representatives Thursday seeking an investigation into the red tape allegedly faced by pensioners of the Social Security System (SSS). The Bayan Muna party-list filed House Resolution 2504, which calls on the House Committee on Government Enterprises and Privatization to look into the SSS Annual Confirmation of Pensioners (ACOP) Program, which ...

FILE PHOTO | Senator Imee MarcosThe government needs to diversify the Philippines’ sources of wheat and to explore using other raw materials for flour, to keep rising commodity prices from filtering into inflation, Senator Maria Imelda Josefa Remedios R. Marcos said Friday.  “Bread and noodles prices will reflect the volatility of wheat prices caused by the war between Russia and Ukraine, ...

BW FILE PHOTOShares slipped on Friday after the peso depreciated and the government’s report of a record-high P12-trillion national debt.The benchmark Philippine Stock Exchange index (PSEi) fell by 46.08 points or 0.62% to close at 7,342.01, while the broader all shares declined by 22.90 points or 0.58% to close at 3,895.52.“The PSEi [was] lower today after the peso exchange rate ...

The recovery of the motor trade has accelerated as 58,994 new cars entered Britain’s roads last month, a rise of 15 per cent compared with the same month a year before. According to the Society of Motor Manufacturers and Traders, private registrations rose by 30 per cent compared with February 2021, when showrooms were closed and only “click-and-collect” deals ...

The owner of the Bullring and Brent Cross is reinventing its shopping centres by switching away from fashion retailers towards healthcare, hospitality and flexible workspaces after reporting a £429m loss. Hammerson said in future as much as a fifth of its portfolio could have switched to alternative uses including homes, hotels and offices. Fashion will go from occupying more ...

ITV is to launch a new streaming service combining ad-funded and subscription TV shows and films as it aims to become a “national champion” in the battle for British viewers with US streaming giants including Netflix, Amazon and Disney+. ITV, which has told the Russian broadcaster of the local version of I’m A Celebrity… Get Me Out of Here ...

A business lobby group has called on British directors to resign from the boards of Russian companies to show solidarity with the people of Ukraine. The Institute of Directors said the war in Ukraine meant it was “untenable” for British directors to remain on the boards of Russian companies, adding that any directors of Belarusian firms should also quit. ...

Britain’s economic growth will halve this year as a result of soaring inflation, hefty tax rises and the destabilising shock from the war in Ukraine, a leading business lobby group has warned. In the first major forecast of the UK economy since the Russian invasion of Ukraine, the British Chambers of Commerce (BCC) said it expected an inflation rate ...