Microgaming is one of the leading online casino software developers. The services of this company are used by a very large number of well-known and large online casinos around the world. At the moment, Microgaming has a huge number of games in its arsenal, and there are more than 160 companies using Microgaming software. Microgaming […]Read More

BW FILE PHOTO PHILIPPINE SHARES closed in the red on Wednesday as investors processed President Rodrigo R. Duterte’s decision to keep Metro Manila under strict quarantine measures until the country’s inoculation program begins. The Philippine Stock Exchange Index (PSEi) declined by 58.72 points or 0.86% to close at 6,755.95, while the broader all shares index […]Read More

BW FILE PHOTO THE PESO appreciated further against the dollar as the US central bank said it would continue to support the world’s largest economy amid the coronavirus crisis. The local unit ended trading at P48.605 per dollar, gaining 3.5 centavos from Tuesday’s close of P48.64. The peso opened the session at P48.60 against the […]Read More

PRODUCTIVITY in the outsourcing industry rose in 2020 following the extensive adoption of remote work arrangements, the Information Technology and Business Process Association of the Philippines (IBPAP) said. IBPAP Chairman and Accenture Philippines Country Manager Manolito T. Tayag said that employee productivity increased by 15-40%, while absences declined by up to 40%. “Maybe because they […]Read More

WWW.DOE.GOV.PH THE Power Sector Assets and Liabilities Management Corp. (PSALM) has rejected a “preposterous” settlement put forward by South Premiere Power Corp. (SPPC), a unit of San Miguel Corp. (SMC), the latest twist in a long-running dispute over generation fees owed by the 1,200-megawatt Ilijan power plant in Batangas City. The Department of Finance (DoF) […]Read More

BW FILE PHOTO AUTO WORKERS who sought safeguard duties on car imports asserted their standing to file such a petition after being queried about whether they actually represent the industry. The Trade department imposed provisional duties on car imports after investigating an application from the Philippine Metalworkers Alliance (PMA), which claimed a decline in domestic […]Read More

THE RISE in January retail prices of construction materials in the National Capital Region was the slowest in six months, according to the Philippine Statistics Authority. The construction materials retail price index in Metro Manila rose 1.2% year on year last month, against 1.4% in December and 0.7% in January 2020. The recent peak in […]Read More

THE Department of Transportation (DoTr) said the construction start for the Mindanao Railway project is waiting on the completion of negotiations for a Chinese loan. It said the shortlisting of bidders for the design-and-build package of the first phase of the Mindanao Railway project can only start when the financing terms are firmed up. The […]Read More

BW FILE PHOTO THE Bureau of Customs (BoC) seized late Tuesday three containers of cigarettes from Vietnam valued at P260 million, which had been smuggled into the country via Bataan, the Department of Finance said. In a statement Wednesday, the BoC said the intercepted shipments contained master cases carrying the “Mighty” and “Two Moon” brands, […]Read More

By Gabriel Eroy (Second of two parts) In last week’s article, I touched on the basic features and provisions of Republic Act No. 11523, also known as the Financial Institutions Strategic Transfer (FIST) Act. The FIST Act aims to buoy struggling economy by increasing liquidity in the financial system. The law will serve […]Read More