PAL completes financial restructuring

FACEBOOK.COM/PHILIPPINEAIRLINES By Revin Mikhael D. Ochave, Reporter  PHILIPPINE Airlines Inc. (PAL) announced before the new year the completion of its financial restructuring and disclosed plans to add more flights in 2022. The flag carrier said in a statement late Friday that it exited Chapter 11 proceedings after its voluntary filing, adding that it now has […]

Central bank relaxes regulations on foreign currency deposit system

EURO, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, Jan. 21, 2016. — REUTERS THE Philippine central bank approved new amendments to the regulations on the foreign currency deposit system. “The second phase of the reforms will afford banks the opportunity to perform efficient […]

BSP says Dec. inflation likely slowed

PHILIPPINE STAR/ MICHAEL VARCAS THE BANGKO SENTRAL ng Pilipinas (BSP) said headline inflation likely eased in December as local oil prices slipped, although Typhoon Odette may have pushed food prices higher. The consumer price index (CPI) probably rose within the 3.5% to 4.2% range this month, BSP Governor Benjamin E. Diokno told reporters in a […]

Apple closes New York City stores to shoppers as COVID-19 cases rise

Apple Inc said on Monday it has closed all of its 12 New York City stores to indoor shopping as cases of the Omicron coronavirus variant surged across the United States. Customers will be able to pick up online orders at the stores, an Apple spokesperson said. The affected stores include outlets at Fifth Avenue, […]

N.Korea’s Kim convenes major party meeting ahead of New Year -KCNA

SEOUL – North Korean leader Kim Jong Un this week opened a key ruling party meeting, state media reported on Tuesday, a forum he has previously used to make major New Year policy announcements. The 4th Plenary Meeting of the 8th Central Committee of the Workers’ Party of Korea (WPK) was convened on Monday, state […]

Fauci says U.S. should consider air travel vaccine mandate as flights grounded

SEATTLE – Rising COVID-19 cases, along with bad weather, caused airlines to cancel more than 1,000 flights on Monday, and the spread of the Omicron variant prompted the U.S. government’s top infectious disease expert to suggest the government consider mandating vaccines for domestic flights. Monday’s travel woes marked a fourth day of flight cancellations, capping […]

Fauci says U.S. should consider air travel vaccine mandate as flights grounded

SEATTLE – Rising COVID-19 cases, along with bad weather, caused airlines to cancel more than 1,000 flights on Monday, and the spread of the Omicron variant prompted the U.S. government’s top infectious disease expert to suggest the government consider mandating vaccines for domestic flights. Monday’s travel woes marked a fourth day of flight cancellations, capping […]

Australia COVID numbers surge as Omicron outbreak strains domestic politics

SYDNEY – Australia recorded another surge in COVID-19 infections on Tuesday as an outbreak of the highly infectious Omicron variant disrupted a staged reopening of the economy, while state leaders argued over domestic border controls. The three most populous states, New South Wales (NSW), Victoria and Queensland, reported just under 10,000 new cases between them […]