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14 February

LANDBANK end-2021 income rises 27% to P21.75-B

State-run Land Bank of the Philippines (LANDBANK) recorded a net income of P21.75 billion in 2021—a 27% expansion from P17.14 billion in 2020—on the back of lower cost of funds and provision for losses. LANDBANK’s total assets likewise grew 9.5% year-on-year to P2.586 trillion from P2.362 trillion. This was propelled by deposits expanding by 8.39% to P2.269 trillion, mainly from …

14 February

BDO Foundation completes relief ops in Odette-hit areas

Despite the limited mobility caused by the recent surge in COVID-19 cases, BDO Foundation, the corporate social responsibility arm of BDO Unibank, has completed relief operations in nine provinces hit hardest by Typhoon Odette, one of the most destructive storms to make landfall in the Philippines in recent years. The foundation, in line with its disaster response advocacy, successfully delivered …

14 February

Obiena tops Poland meet

EJ Obiena ruled the Orlen Cup in Poland February 12, 2022 by clearing 5.81 meters on his first try to win the tournament after coming off an eighth-place finish two days ago at the Beijer Stavhoppsgala Uppsala in Sweden. Brazil’s Thiago Braz, former Olympic champion, and home bet Piotr Lisek finished second and third, respectively with similar 5.71m clearance. Obiena, 26-year-old, …

14 February

Saso enshrined at USGA Hall of Champions

Yuka Saso, US Women’s Open champion at 19, achieved a new milestone — a spot in the roster of sport’s greats in the USGA Golf Museum’s Hall of Champions. “A new star in the women’s game” was how Saso was described during the announcement rites at the US Golf Association Museum and Arnold Palmer Center for Golf History in New …

14 February

Labog tops Secondary Online Rapid Chess tilt

Cagayan Valley’s Jan Clifford Labog defeated Central Visayas’ Jave Mareck Pateros to win the Boy’s Division of the Manuel V. Pangilinan Sports Foundation Secondary Online Rapid Chess championships. This is the first title of Labog, a 10th grade student at Solano High School. “Dream come true to para sa akin,” shared the youngster after his feat. He finished with a …

14 February

Doping hearing to decide Russian skater’s Olympic fate

Russian figure skater Kamila Valieva’s right to compete in the women’s event at the Beijing Olympics will be decided at an urgent hearing at the Court of Arbitration for Sport. The International Testing Agency (ITA)—on behalf of the International Olympic Committee (IOC)—said it would fight a decision by Russia’s anti-doping agency to allow the 15-year-old Valieva to skate. The Russian …

14 February

Surfers recovering from Typhoon Odette destruction

Members of the Philippine surfing team are slowly picking up the pieces after Typhoon Odette devastated their homes and training camp in the country’s surfing capital in Siargao Island, Surigao del Norte. “The team is coping up slowly. They (athletes) just resumed training. Training in the gym and surf training are ongoing, slowly picking up momentum, “said Gino Canlas, secretary …

13 February

Believing their own fake news

Sometimes the sleek disinformation has numbed many of us, believing that Bongbong-Sara are leading surveys, that this and that have endorsed them, that their proclamation rally had the biggest attendance. But did anyone see that video at the Philippine Arena after the proclamation rally? Red and green shirted supporters were having skirmishes at the long lines for large boxes containing …

9 February

Power outages in 2021 leads to fines for 10 power firms

The Energy Regulatory Commission (ERC) imposed a penalty amounting to P15.5 million on ten generation companies for exceeding the maximum yearly outage limit in 2021. “We have been on the watch for gencos who exceed allowed unplanned outage days,” said ERC Chairperson and Chief Executive Officer Agnes VST Devanadera. “We are constantly monitoring and reviewing the weekly reports being submitted by …

9 February

Philippines to import 200,000 tons of sugar to stabilize prices

The country will import sugar to stabilize domestic prices that increased despite stable local production. This comes after the earlier importation of rice, meat products and fish. The Sugar Regulatory Administration (SRA) said 200,000 metric tons of sugar will be imported. “SRA received instructions from the Department of Agriculture to temper the current level of high local sugar prices that …

TimeLine Layout

February, 2022