News

SMB breaks ground for brewing facility in Iloilo

ILOILO -- San Miguel Brewery Inc. (SMB) finally broke ground on its new and third brewing facility in the Visayas that will rise in a 40-hectare property in Barangay Gua-an, Leganes, Iloilo. SMB chairman and chief operating officer of San Miguel Corporation Ramon Ang led the groundbreaking ceremony, together with Senator Franklin Drilon, Iloilo Governor Arthur Defensor Jr., Leganes Mayor Vicent...

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BSP, SEC to come up with policy vs. social media-based lenders

CEBU CITY – The Bangko Sentral ng Pilipinas (BSP) on Friday said it has been working closely with the Securities and Exchange Commission (SEC) in crafting a clear-cut policy against lenders who are offering loans using social media as a platform. Lawyer Elmore Capule, senior assistant governor and general counsel of BSP, said the central monetary board received information on individ...

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Google will promote original reporting with algorithm change

Original reporting will be highlighted in Google’s search results, the company said as it announced changes to its algorithm. The world’s largest search engine has come under increasing criticism from media outlets, mainly because of its algorithms—a set of instructions followed by computers—that newspapers have often blamed for plummeting online traffic and the industry...

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Google agrees 945-million-euro tax settlement with France

PARIS - US internet giant Google has agreed a settlement totaling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities. In a statement, Google confirmed the settlement and hailed the fac...

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Government releases 91% of 2019 national budget

MANILA, Philippines — The national government has released 91.4 percent of the P3.662- trillion national budget as of end-August to support the programs and projects of line agencies, the Department of Budget and Management (DBM) said yesterday. According to the latest data from the DBM, allotment releases from January to August have already reached P3.345 trillion, equivalent to 91.4 per...

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Ayala Foundation bags four Quill awards

AYALA Foundation was recognized for its communications initiatives during the awards night of IABC Philippines’ Quill Awards held at the Marriott Grand Ballroom in Pasay City recently. Ayala Foundation received awards of merit for a total of four communication tools, the 2017 annual report To Reach New Heights and the book Crescent Hopes; the Bangsamoro Young Leaders Program–Leaders...

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