Specials Channel

Economists foresee a continued reduction in the Bangko Sentral ng Pilipinas’ (BSP) key rates as well as the reserve requirements for banks due to a sustained deceleration in the country's inflation rate.

TOKYO -- With the electrification of cars transforming the automotive industry, Polyplastics Co., Ltd., a leading global supplier of engineering plastics, is responding with innovative resin products which are successfully penetrating the electric vehicle (EV) market as a superior alternative to metals.

National Treasurer Rosalia De Leon attributed the government's budget surplus in January 2019 to a slowdown in spending due to the fact that it is operating on a reenacted budget.

The Department of Trade and Industry (DTI) together with the Philippine Trade and Investment Center (PTIC) in Tokyo organized a business forum on March 12, 2019 with high level representatives of select Japanese companies to discuss expansion intentions as well as ongoing economic reforms in the Philippines (PH). DTI Secretary Ramon Lopez led the discussion and highlighted PH’s top trade products, investment performance, and industry growth drivers.

PARIS (AFP) - Apple dismissed Friday Spotify's accusations of anti-competitive behaviour, saying the Swedish music streaming giant was trying to enjoy the benefits of its online market without paying the cost of its upkeep.

"Today's unanimous jury verdict is the latest victory in our worldwide patent litigation directed at holding Apple accountable for using our valuable technologies without paying for them," Qualcomm general counsel Don Rosenberg said in a release announcing the verdict.

The Financial Stability Coordination Council (FSCC), in its quarterly meeting, welcomed its new chairman, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, who replaced the late BSP Governor and FSCC Chairman Nestor A. Espenilla Jr., who passed away last month.

A proposal by Senator Emmanuel Pacquiao to increase the excise tax on alcohol products will raise additional revenues of almost PHP237 billion over a five-year period and at the same time help reduce excessive consumption of alcoholic drinks or binge drinking that is linked to vehicular crash accidents, domestic abuse and other crimes.

An easing of inflationary pressures, especially on food following the recent signing of the law that modernizes the rice industry in the country, bodes well for overall manufacturing growth, the National Economic and Development Authority said as manufacturing output figures for January 2019 were released.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said any changes in the policy rates as well as the reserve requirement ratio (RRR) will be made based on latest data.

In reply to a phone message from the Philippine News Agency (PNA) Monday night, BDO chief market strategist Jonathan Ravelas said Diokno, who also headed the inter-agency Development Budget Coordination Committee (DBCC) on a concurrent basis, has an edge in the central bank.

GOTHENBURG, Sweden -- Volvo Buses and Nanyang Technological University (NTU) in Singapore have demonstrated the world's first 12-metre autonomous electric bus. The Volvo bus will soon begin trials on the NTU campus.

Sono Motors, the German provider of sustainable mobility concepts and producer of the first series-produced electric car with solar integration, unveiled the first images of the Sion's series design as part of a broad online release. The focus was placed on the full-surface incorporation of solar modules into the bodywork - one of the vehicle's unique features that have influenced its design.

RAAMSDONKSVEER, Netherlands -- At the Geneva International Motor Show (GIMS) 2019, PAL-V unveiled the distinctive features of the PAL-V Liberty Pioneer, world's first production model flying car. The 90-piece limited edition is based on the PAL-V Liberty which was unveiled last year at the GIMS.

Innovation meets sports car feeling. A study of the new electric sports car Piech Mark Zero combines typical sports car attributes and innovative technologies with a timeless and attractive body. It's the first of a family of products to be brought to market by Piech Automotive in the next three years. Its flexible and open vehicle architecture allows the use of a variety of drive systems - like electric drive, hybrid, fuel cell or internal combustion engine.