Business

Front Page: July FX reserves smallest in 7 months

THE COUNTRY’S international reserves slipped in July to a seven-month low as the central bank tapped the funds to temper foreign exchange swings and the national government paid more debts, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.


Corporate News: Provincial malls lift SM Prime Q2 profit

SM PRIME Holdings, Inc. grew its earnings by 15% in the second quarter of 2017, as it starts to reap the benefits of establishing more malls in the provinces.


Finance: Metrobank earnings climb in 2nd quarter
METROPOLITAN BANK & Trust Co. (Metrobank) saw its net income climb during the second quarter, driven by double-digit increases in both commercial and retail loans.


Stock Market: Shares climb as Wall Street cheers payrolls data

THE Philippine Stock Exchange index climbed on Monday, reflecting the positive performance of markets in the United States, alongside optimism for the local central bank to leave policy rates unchanged.


Economy: DoF backs private sector perks to attract more BIR personnel
THE Department of Finance (DoF) said that improvements in non-salary incentives should also be looked into to make government service more attractive, with the bill for exempting the Bureau of Internal Revenue (BIR) from the Salary Standardization Law still pending.


Nation: US, Japan, Australia tell PHL: Use court victory in sea dispute

THE UNITED States (US), Japan and Australia yesterday urged the Philippines to “abide” by the landmark ruling it filed and won in an international tribunal against China’s sweeping claims on the disputed South China Sea.


Arts & Leisure: Manananggal in the city again

GET READY to see the manananggal fly once again as Prime Cruz’s Ang Manananggal sa Unit 23B will return to theaters — this time for a nationwide release — as part of the first Pista ng Pelikulang Pilipino film festival which will be held from Aug. 16-22.


World Sports: Lowly teams Cardinals, Blazers collide today

STRUGGLING teams College of St. Benilde (CSB) Blazers and Mapua Cardinals look to wake up from their stupor as they collide today in seniors’ basketball of Season 93 of the National Collegiate Athletic Association (NCAA).


The World: North Korea defiant after new sanctions, rejects talks
MANILA — North Korea on Monday angrily insisted tough new United Nations sanctions would not stop it from developing its nuclear arsenal, and warned it would not negotiate while being threatened by the United States.