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.
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.
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.
MANILA, Philippines, and TOKYO, Japan - Robinsons Bank Corporation (Robinsons Bank), a fast growing bank under JG Summit Holdings, Inc., one of the biggest conglomerates in the Philippines, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., have forged a new partnership for JCB merchant acquiring and card issuing business.
GOTHENBURG, Sweden, Feb. 27, 2019 -- Polestar 2 is the new all-electric fastback that brings electric performance cars to a broader and increasingly progressive audience. It offers avant-garde design and a unique customer experience in the premium compact electric segment.
Economic managers pushed for rice tarrification to liberalize rice importation, ensuring adequate supply in the country and thus, prevent shortages. The law, which is expected to become effective on March 5, is seen to help prevent a repeat of last year's inflation surge.