South East Asia

(Last of four parts) A Chinese saying goes, "Wealth does not last beyond three generations" (see "The third-generation curse," Aug. 4, 2017). The first generation creates the wealth, the second tries to maintain it, and the third squanders...

Local renewable energy company Alternergy Holdings Corp. is allotting P20 billion in capital expenditures in the next three to five years to fund its renewable energy projects, according to its top official. "As you know, Alternergy is embarking on a ...

The Philippines' franchising industry is expected to grow its revenues by at least 15 percent in 2023, creating around 2 million new jobs as the local sector worth hundreds of billions of pesos is seen to thrive this year. Philippine Franchise associa...

MANILA, Philippines--Coach Jorge Gallent believes San Miguel Beer can soldier on without the injured June Mar Fajardo based on the way it performed in Wednesday's win over NLEX in the PBA Governors' Cup."This game showed us that we can win wit...

MANILA, Philippines--Robert Bolick is open to working on finding common ground with NorthPort management as negotiations for a contract extension are expected to resume following the Batang Pier's early exit in the PBA Governors' Cup."There...

CEBU CITY, Philippines — Sacred Heart School-Ateneo de Cebu (SHS-AdC) Magis Eagles-Cebu Landmasters high-flying big man Raffy Celis was a one rebound shy from tallying a double-double performance as he led the Magis Eagles' 99-54 bashing of Rome...

MANILA, Philippines---FilNation Select USA started its 2023 Smart-NBTC National Finals stint in a huge way after routing Camanava-NCR's Doc Boleros, 116-60, at Mall of Asia Arena on Wednesday.The tandem of Evan Bayla and Jason Mandquit Jr combined for...

MANILA, Philippines---When Lyceum needed a hero to pull itself out of a losing spell, the Lady Pirates turned to Joan Doguna.Doguna helped Lyceum get two very important wins this week after losing two in the week prior, which led her to be the recipient o...

CEBU CITY, Philippines — Philippine Sports Commission (PSC) commissioner Edward Hayco revealed that part of their efforts in forging a partnership with the Private Schools Athletic Association (PRISAA) is to train coaches and technical officials. Ha...

MANILA, Philippines --- Kai Sotto unleashed 20 points to lead the Hiroshima Dragonflies past Matthew Wright and Kyoto Hannaryz, 102-95, in the 2022-23 B.League season on Wednesday at Hiroshima Sun Plaza Hall.The 7-foot-3 center shot 9-of-14 from the field...

MANILA, Philippines --- Josh Ybanez unleashed a career-high 31 points as University of Santo Tomas recovered from a slow start before beating Ateneo, 21-25, 28-26, 25-21, 25-21, in the UAAP Season 85 men's volleyball tournament on Wednesday at FilOil ...

MANILA, Philippines --- Regina Jurado was glad to help University of Santo Tomas get back at Ateneo, which ended the former's run last year in the stepladder semifinals in the UAAP women's volleyball tournament.The rookie spiker poured in a game-h...

MANILA, Philippines--Ulsan Hyundai Mobis Phoebus trounced the Daegu KOGAS Pegasus anew, 86-75, behind RJ Abarrientos' stellar showing in the Korean Basketball League at Ulsan Dongchun Gymnasium on Tuesday.Abarrientos flaunted his shooting prowess in t...

MANDAUE CITY, Cebu—At least 12 houses near LTHAI Village in Barangay Tipolo here were demolished by personnel from the Housing Urban and Development Office (HUDO) on Wednesday, March 15, 2023. HUDO Demolition Team head Ceasar Ylanan said that 12 hou...

CEBU CITY, Philippines Cebu Governor Gwendolyn Garcia wants a thorough review of the findings of the African Swine Fever (ASF) in Carcar City. And the governor will stick with her decision to stop the culling of pigs in the city despite an existing policy...

CEBU CITY, Philippines—Philippine Sports Commission (PSC) commissioner Edward Hayco displayed his resourcefulness in producing 2,000 hula hoops for Cebu City's Guinness World Record attempt for the largest gymnastics hoops workout later this yea...

LAPU-LAPU CITY, Philippines- Cordova Mayor Cesar "Didoy" Suan clarified that he has not lifted yet the ban on swimming and bathing at the coastal waters of Barangay Poblacion and Catarman. Suan clarified this after several pump boat operators were...

MANILA, Philippines —The Manila International Airport Authority (MIAA) announced on Wednesday, March 15, 2023, that wearing a face mask at the Ninoy Aquino International Airport (NAIA) is now optional. According to MIAA in an advisory, the optional ...

CEBU CITY, Philippines Cebu 3rd District Rep. Pablo John Garcia has urged authorities to shed light on the shooting in Asturias, northwest Cebu that claimed the lives of a village chief and his wife. Garcia, in a statement, asked the police for a 'swi...

MANILA, PHILIPPINES —On International Women's Day March 8, the United States government, through the United States Agency for International Development (USAID), announced two new grant projects valued at P37.9 million ($690,000) to boost women&#...

CEBU CITY, Philippines — The Metropolitan Cebu Water District (MCWD) targets to deliver an additional 15,000 cubic meters of water daily to its consumers in mountain barangays of Cebu City by September. MCWD's Corporate Planning Department Actin...

Anthropic AI launched Claude, a rival AI chatbot to ChatGPT. The company claims it can do everything the latter can, except it avoids "harmful outputs." ChatGPT has a serious problem with "jailbreaking," tricking the AI chatbot into breaki...

GCash, the Philippines' number one financial app, rolls out 'DoubleSafe', a game-changing security feature to safeguard its users from account takeovers. DoubleSafe strengthens the security of GCash's 76 million users as it prevents unauth...

A doctor from the US state of Michigan uses augmented reality to perform surgeries. Specifically, Dr. Safa Kassab said he's been using it for knee replacements. The chief of surgery at Trinity Health Oakland in Pontiac claimed, "this is something ...

The pace of artificial intelligence seems blinding fast as OpenAI announced a significant upgrade to ChatGPT hours ago. The past version used GPT-3.5, but now we have GPT-4. More importantly, it brings powerful upgrades to the already amazing AI chatbot. ...

Leading digital solutions platform Globe has been recognized by International Finance as the winner in the category "Best Corporate Governance Company Telecom Philippines 2022." Globe was the only local organization and telco to receive an award. ...

CEBU CITY, Philippines — The Cebu City government on Monday, March 13, 2023, implemented the revamp of city hall officials. City Administrator Suzanne Ardosa, after the early Monday morning flag-raising ceremony at the Plaza Sugbo grounds, announced...

WASHINGTON U.S. consumer prices likely rose at a solid pace in February amid sticky rental housing costs, but economists are divided on whether the data will be enough to push the Federal Reserve to hike interest rates again next week after the failure of...

MANILA, Philippines — The killing of Negros Oriental Governor Roel Degamo is a "remnant" case of private armies, Senator JV Ejercito said on Tuesday. Ejercito, chairperson of the Senate committee on local government, noted that there is "...

MANILA, Philippines -Taiwan intends to import table eggs and processed eggs from the Philippines until end-September to meet its requirement for this commodity, according to the Bureau of Animal Industry (BAI). In a memorandum circular, the BAI is invitin...

MANILA, Philippines — The annual bilateral war games between the Philippines and its longtime ally the United States will be joined by 17,600 troops in April 2023, an Armed Forces of the Philippines official said on Tuesday. Col. Michael Logico, spo...

TOKYO Japan and Canada are discussing collaboration on building strong supply chains for battery metals, Japan's industry minister, Yasutoshi N-ishimura, said on Tuesday. A public-private mission led by Japan's Ministry of Economy, Trade and Indus...

CEBU CITY, Philippines Still unidentified assailants gunned down a village chief and his wife in broad daylight in Asturias town in northwestern Cebu on Tuesday, March 14, 2023. Police Alden Zambrano, chief of the Asturias Police Station, confirmed that t...

Ratings agency Moody's on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade. Moody's, which rated Signature Bank's...

BENGALURU Bank Indonesia will hold its key interest rate at 5.75 percent on Thursday and for the rest of this year, suggesting its current tightening cycle is almost certainly over despite inflation remaining high, a Reuters poll of economists forecast. A...

SINGAPORE The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following the collapse of a U.S. tech-focused lender left traders speculating that the Federal Reserve could pause its aggressive rate-hiking cycle. Mar...

Silicon Valley Bank's new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to a letter seen by Reuters. Earlier in the day, the U.S. Federal Deposit Insurance Corp had tapped former Fannie ...

MANILA The Philippines posted its widest trade deficit in five months for January as exports fell sharply, pointing to a worsening trade balance that could put pressure on the peso in the near term. The trade gap in January widened by 27.2 percent to $5.7...

Liza Soberano admitted she was hurt by the statements—some of which she dismissed as "untrue"—made by her former talent manager Ogie Diaz, noting how she feels like the latter is "trying to say things to make people turn against [h...

BDO Unibank Inc. will hold its hybrid Annual Stockholders' Meeting on April 19, 2023, Wednesday at 2:00 p.m.: ADVT. The post BDO Unibank Inc.: Notice of Annual Stockholders' Meeting (First Publication) appeared first on Inquirer Business ....

Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook. Biden's eff...

CEBU CITY, Philippines Members of Cebu's media are grieving the loss of a budding journalist. Pegeen Maisie Sararaa passed away last Monday evening, March 13, 2023. She was 24. Pegeen succumbed to head injuries that she sustained after the motorcycle ...

MANILA, Philippines — A bill proposing a P750 across-the-board hike in the daily wages of private sector employees to help them cope with the high prices of commodities was filed before the House of Representatives on Monday by members of the Makaba...

Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. Brent crude futures were down 87 cents, or 1.1 percent, at $7...

BERLIN Tourists around the world and especially in Europe are supportive of more eco-friendly trips but reluctant to carry the extra cost, according to studies and industry executives. In the European Union's economic powerhouse Germany, for example, ...

STRATSBOURG, France The head of the European Commission Ursula von der Leyen said Monday she wants to avoid economic dependence on Beijing, but not fully "decouple" the EU's economy from China. Explaining the stance she took last week when she...

"Pagpugay sa Kababaihan, Pag-asa Para sa Kabataan". The first ever UP Sunflower Run was held last March 11, 2023 at the Academic Oval of Diliman campus of the University of the Philippines (UP) as part of the Women's Month celebration. Sunflow...

In the early part of his 1992 to 1998 term, provincial visits of President Fidel V. Ramos (FVR) would usually have local executives publicly presenting him with a litany of local problems and requests for various things they needed from the national gover...

MANILA, Philippines — Female students will no longer be required to wear a skirt as school uniform if a bill lodged in the Senate is passed into law. Senator Raffy Tulfo recently filed Senate Bill No. 1986, "promoting gender-neutral uniforms in ...

MANILA, Philippines — President Ferdinand "Bongbong" Marcos Jr. on Monday revealed that he did not finish his special diploma course in economics at the University of Asia and the Pacific (UA&P) in Pasig City. Marcos made the revelation duri...