ENVIRONMENT Secretary Roy A. Cimatu said his department has set a target of planting bamboo over 16,867 hectares in 2020 in order to augment the country's forest cover. During the recent House of Representatives budget hearing of the Department of Environment and Natural Resources (DENR), Mr. Cimatu said the agency's Enhanced National Greening Program (ENGP) will involve bamboo. "We intend ...

Next has agreed a deal that will resurrect Victoria’s Secret UK and save 500 jobs. The fashion-to-homeware retailer is to take a majority 51% stake in a joint venture with US-owned Victoria’s Secret after the lingerie firm’s UK arm was placed in administration in June following weak coronavirus lockdown trading that forced all non-essential stores to shut. L Brands, ...

The success of the Eat Out to Help Out scheme meant that people bought fewer groceries to cook meals at home last month, according to new figures. Supermarket food sales fell by £155 million in August compared with the previous month. The year-on-year growth in sales fell from 14.4 per cent in the 12 weeks to August 9 to ...

The global automotive sector is a key contributor to the economies of most countries. Millions of vehicles are produced each year across the globe. Competition is also rife in the automotive sector. Different manufacturers are producing advanced cars with modern features and designs. This is possible thanks to modern technologies used for vehicle manufacturing. Automotive prototyping is vital because ...

The past several weeks have put Brexit under the spotlight once again. Not only is the negotiations period narrowing, but as of recently, concerns had been rising over a new bill that will enable the UK government to make changes to the legally binding Withdrawal Agreement it previously signed with the EU earlier in 2020. The pound had been ...

A customer wearing a protective mask dines inside a restaurant at the SM Mall of Asia complex in Pasay City, Metro Manila, Sept. 8. -- VEEJAY VILLAFRANCA/BLOOMBERG NET INFLOWS of foreign direct investments (FDI) to the Philippines rose for a second straight month in June as lockdown restrictions eased in the Philippine capital, but it was not enough to reverse ...

The Philippine economy is seen to contract by 7.3%, the Asian Development Bank said. -- PHILIPPINE STAR/MICHAEL VARCAS THE Philippine economy is now expected to shrink by 7.3% this year as the pandemic drags on, while "developing Asia" is seen to contract for the first time since 1962, according to the Asian Development Bank (ADB). In its latest update to ...

Customers wearing protective masks wait outside a remittance center during the lockdown in Quezon City, May 20. -- VEEJAY VILLAFRANCA/BLOOMBERG CASH REMITTANCES reached a seven-month high in July, as land-based overseas Filipino workers (OFW) continued to support their families during the coronavirus disease 2019 (COVID-19) pandemic. Money sent home by OFWs through banks rose 7.8% to $2.783 billion in July ...

Residents of Metro Manila will see lower water bills in the fourth quarter. -- PHILIPPINE STAR/MICHAEL VARCAS CUSTOMERS of the two water concessionaires servicing Metro Manila will see lower water bills in the fourth quarter. In a briefing on Tuesday, Metropolitan Waterworks and Sewerage System Chief Regulator Patrick Lester N. Ty said its board of trustees approved the implementation of ...

DENNIS A. UY's Udenna Corp. (UC) is applying to explore two petroleum blocks in the contested West Philippine Sea under the government's energy contracting program. The Department of Energy (DoE) on late Monday opened bids to explore various oil blocks in the country under the Philippine Conventional Energy Contracting Program (PCECP). Davao-based holding firm Udenna nominated two blocks in Recto ...