New telco to be chosen via points system

The challenger to the PLDT-Globe duopoly will be determined via a points-based selection process instead of an auction, the chief of Department of Information and Communications Technology (DICT) said on Friday. An oversight committee voted to endorse the highest committed level of services (HCLoS) model, DICT officer-in-charge Eliseo Rio, Jr. said, rejecting an auction backed […]

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PSEi up slightly ahead of SONA

THE stock market recovered on Friday with analysts noting last-minute buying ahead of President Rodrigo Duterte’s State of the Nation Address (SONA) on Monday. The bellwether Philippine Stock Exchange index (PSEi) inched up 0.16 percent or 11.74 points to close at 7,399.61 while the wider All Shares eked out 0.10 percent or 4.26 points to finish at […]

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Lava tourism: Hawaii town seeking approval for lava viewing site

Honolulu — Stunning images of Hawaii’s erupting Kilauea volcano have captivated people around the world. But ironically it’s nearly impossible for residents and visitors on the ground to see the lava — a fact that’s squeezing the tourism-dependent local economy. Big Island businesses are calling for a lava viewing site, but authorities say they’re finding […]

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Will Edsa BRT lead to more congestion?

To answer this question, we need to understand why there’s congestion. Congestion arises mainly because road space is limited, and individuals aspire to use private cars and motorcycles instead of public transport, walking or cycling. Unsafe, unreliable and inadequate public transport forces more and more people every day to opt for private vehicles over it. […]

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National strike set in Israel over law denying gay couples right to surrogacy

Israel is set for nationwide strike action on Sunday over new legislation denying surrogacy to gay couples, with a trade union urging employers to let their staff join the walkout.

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Fintech gets the ball rolling

I recently met with a businesswoman who has been inquiring about financing and has expressed interest for a partner for her business growth. Over dinner, she discussed her woes and recent worries as well as her optimism for her well-established business. As a director of a major corporation, she learned that fintech has been a […]

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GSIS nets P94B in 2017

THE Government Service Insurance System’s (GSIS) net income in 2017 increased by 69 percent to P94.7 billion from P56.1 billion the year before. In a statement on Friday, the state-run pension fund credited much of the growth to the “income from financial assets, which almost doubled [to]P59.1 billion [from]P30.2 billion…in 2016.” The increase came from […]

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