EAST ZONE water concessionaire Manila Water Co., Inc. deferred its rate adjustment for the fourth quarter (Q4), according to the Metropolitan Waterworks and Sewerage System (MWSS) Regulatory Office. "Manila Water has voluntarily deferred its Foreign Currency Differential Adjustment (FCDA) implementation upon recommendation of the MWSS Regulatory Office, as it will result in an upward tariff adjustment for its customers," MWSS ...

SHARES climbed on Monday on the arrival of more coronavirus disease 2019 (COVID-19) vaccine doses over the weekend and as the country continued to report lower infections. The benchmark Philippine Stock Exchange index (PSEi) went up by 37.29 points or 0.53% to close at 6,960.89 on Monday, while the broader all shares index gained 21.68 points or 0.50% to end ...

THE PESO appreciated on Monday as the debate on the proposed US debt ceiling dragged on, affecting the dollar. The local unit closed at P50.70 per dollar on Monday, gaining nine centavos from its P50.79 on Friday, based on the Bankers Association of the Philippines' data. The peso opened Monday's session at P50.74 versus the greenback. Its strongest showing was ...

THE PHILIPPINES is still at moderate risk from the coronavirus despite a continued decline in infections, according to the Health department. Infections in the past two weeks fell by 21%, while the average daily attack rate was 14.73 for 100,000 people, Health Undersecretary Maria Rosario S. Vergeire told an online news briefing on Monday. The attack rate is equal to ...

MANILA City Mayor Francisco "Isko" M. Domagoso, a former matinee idol who beat former President Joseph E. Estrada in the 2019 local elections, on Monday filed his certificate of candidacy for President. He filed his certificate with cardiologist and social media personality Willie T. Ong, who will be his vice-presidential mate. Mr. Domagoso, whose rags-to-riches story has captivated many Filipinos, ...

AN EXECUTIVE of a pandemic supply company under congressional probe has taken back a statement made before the Senate that the firm delivered expired face shields to the government. Krizle Grace Mago, regulatory affairs head of Pharmally Pharmaceuticals Corp., said in a House of Representatives committee hearing Monday that she was not in the "best frame of mind" when she ...

THE PHILIPPINES is set to sign a memorandum of understanding with the United Kingdom (UK) on the welfare and deployment of more Filipino nurses. British Minister for Asia Amanda Milling will come to the Philippines on Friday for the signing with Philippine Labor Secretary Silvestre H. Bello III, according to Raul M. Francia, the Labor department's information director. In a ...

THE GOVERNANCE Commission for Government-Owned and Controlled Corporations' (GCG) low fund utilization in 2020 and this year must be solved by yearend, a senator said Monday during the agency's budget hearing. Senator Sherwin T. Gatchalian cited that GCG has unspent funds of P73 million or 36% of its allocation in 2020, while 46% or P96 million remain in the 2021 ...

STATE WEATHER bureau PAGASA warned against landslides and flooding as tropical depression Lannie was expected to bring heavy rains over central parts of the Philippines until Wednesday. As of Monday 5 p.m., Lannie made eight landfalls within a 15-hour period with two each in the northern part of Mindanao, Southern Leyte, and Bohol, and one each in Negros Oriental and ...

CONSTRUCTION of a Bureau of Customs (BoC) building within the PHIVIDEC Industrial Estate in Misamis Oriental will start soon following last week's cornerstone-laying ceremony for the project. Elvira Cruz, BoC-Cagayan de Oro district collector, said a Customs office within the estate will contribute to ease of doing business at the Mindanao Container Terminal, one of the country's main ports. The ...