Pfizer Inc on Tuesday said it expected 2021 sales of the COVID-19 vaccine it developed with German partner BioNTech SE to reach $36 billion and forecast another $29 billion from the shot in 2022, topping analyst estimates for both years. The U.S. drugmaker said it is seeking to sign more vaccine deals with countries, which […]Read More
MELBOURNE – A group of Torres Strait Islanders living off Australia’s north coast filed a court claim against the Australian government on Tuesday, alleging it has failed to protect them from climate change which now threatens their homes. The case brought on behalf of the remote islands of Boigu and Saibai in the Torres Strait […]Read More
GLASGOW – Leaders at the COP26 global climate conference pledged on Tuesday to stop deforestation by the end of the decade and cut emissions of the potent greenhouse gas methane to help slow climate change. On the second day of the two-week summit in Glasgow, Scotland, wealthy nations took some overdue actions to provide long-promised […]Read More
LASGOW – China’s top climate negotiator said on Tuesday a broad deal on carbon markets was possible at the U.N. COP26 climate talks despite the tensions between Beijing and Washington. Some delegates say the U.S.-China relationship is crucial for meaningful progress on global climate action at the summit. It is the first global gathering of […]Read More
PHILSTAR A taxpayer has filed a petition seeking to block the presidential run of the late dictator’s son Ferdinand “Bongbong” R. Marcos,Jr. at the Commission on Elections. Mr. Marcos, a former senator, is ineligible to run for office after a trial court convicted him in 1995 for failing to pay income taxes, petitioner Fides Lim […]Read More
REUTERS PHILIPPINE manufacturing activity inched up to a seven-month high in October as new orders stabilized and business confidence improved with the further easing of lockdown restrictions in the capital, IHS Markit said on Tuesday. The Philippines Manufacturing Purchasing Managers’ Index (PMI) edged up to 51 last month from 50.9 in September. A reading above […]Read More
PHILIPPINE STAR/ MICHAEL VARCAS THE GOVERNMENT is planning to amend the rules implementing the Build-Operate-Transfer (BOT) Law in a bid to avoid “onerous” contract provisions in public-private partnership (PPP) projects, just eight months before a new administration takes office. President Rodrigo R. Duterte on Tuesday named Socioeconomic Planning Secretary Karl Kendrick T. Chua as the […]Read More
UNUSED TAXIS are parked in an operator’s garage in this file photo taken on May 28, 2020. — PHILIPPINE STAR/ MICHAEL VARCAS By Arjay L. Balinbin, Senior Reporter ANACITO C. OTILLA, JR., 49, makes less than P300 a day driving a taxi around Manila, the capital and nearby cities. That’s five times less than what […]Read More
MUD-COVERED houses and trees are seen after a typhoon hit Balzain, Tuguegarao in November 2020. — PHILIPPINE STAR/ MICHAEL VARCAS CLIMATE-RELATED hazards have caused P506.1 billion (around $10 billion) in losses and damage to the Philippines over the past decade, emphasizing the country’s vulnerability to the climate crisis, the Department of Finance (DoF) said. This […]Read More
Asian Development Bank (ADB) partners have pledged $665 million to support climate-resilient infrastructure projects in Southeast Asia. The funds contribute to the planned $7-billion financing for low-carbon and climate-resilient infrastructure projects in the region, ADB said in a press release on Tuesday. The funding announced at the 26th United Nations Climate Change Conference in Glasgow, […]Read More
