UAAP: Jacob Cortez, La Salle escape Adamson to open title defense

La Salle weathered a determined challenge by Adamson and came away with a 60-58 victory to open its title redemption bid in UAAP Season 88 men’s basketball tournament on Saturday at University of Santo Tomas Quadricentennial Pavilion. Jacob Cortez delivered in his debut, scoring a go-ahead layup and making a crucial pass that led to

Antitrust body teams up with NTC to bolster data transmission sector

MANILA, Philippines — The Philippine Competition Commission (PCC) is partnering with the National Telecommunications Commission (NTC) to strengthen competition in the data transmission industry. In a statement on Friday, the antitrust body said the agreement with NTC entails joint market monitoring, policy development, enforcement actions and capacity-building initiatives. The two government agencies will develop protocols

Squads for sale cram to fill rosters in time for opening

NorthPort, or Pureblends or whatever brand it will carry moving forward, and Terrafirma—the perennial doormat—filled up some of their roster spots with the PBA’s 50th season two weeks away. Apart from re-signing Cade Flores to a new deal, the Batang Pier were able to sign up veteran shooter Von Pessumal, who was let go by

Ombudsman lifts suspension of GSIS’s Veloso

MANILA, Philippines — The Office of the Ombudsman lifted the suspension of Government Service Insurance System (GSIS) president Jose Arnulfo “Wick” Veloso and four other executives. The Ombudsman said their presence will not impede an inquiry into the pension fund’s disputed stock investment. In an order dated Sept. 17, acting Ombudsman Dante Vargas reinstated Veloso

Del Monte Pacific appeals trading suspension

MANILA, Philippines — Del Monte Pacific Ltd. (DMPL) has appealed to the stock exchange to lift its trading suspension. The canned fruit maker said its financial statements and operations “remain reliable” despite a rare disclaimer from its auditor. In a regulatory filing on Friday, the Campos-led company said that while an audit disclaimer would “constitute