Home 2018 July 9

Daily Archives: July 9, 2018 | 11:10 pm

COA: BI lost P869 million in potential revenue due to confusion over Duterte’s orders

By Dane Angelo M. Enerio The Bureau of Immigration (BI) in 2017 lost around P869 million of potential revenue from express lane fees due to...
Carlos G. Dominguez III

DoF ‘not surprised’ by rejection of auction for 3rd-player selection

THE DEPARTMENT of Finance (DoF) said it will await the formal report from a public consultation that appeared to reject its preferred method of selecting the new entrant to the telecommunications industry, though the department’s head said the rejection came as “no surprise.”
Berlian Napitupulu and Datu Abul Khayr D. Alonto

Indonesia consul calls for shorter, more direct trade routes

DAVAO CITY -- Trade between the Philippines and Indonesia has been steadily growing, but most of the cargo traffic still moves between Luzon and Java, which is costlier than more direct routes originating from Mindanao, according to Indonesian Consul General Berlian Napitupulu.

IPOPHL seeks exemption from application deadlines

THE patent office is seeking an exemption from document-processing deadlines prescribed by the Ease of Doing Business (EoDB) Law, noting the complexity of the patent evaluation process.

Miners fear investment opportunities slipping away

THE Chamber of Mines of the Philippines (CoMP) said that the delay in formulating mining policy has caused the Philippines to miss out on potential investment.

ERC fines Samar, Laguna power co-ops

THE Energy Regulatory Commission (ERC) has fined electric cooperatives in Samar and Laguna for failing to remit on time their collected feed-in tariff allowance (FiT-All) to state company National Transmission Corp. (TransCo), the administrator of the funds.

DoE issues safety order on LPG handling, transport

THE Department of Energy (DoE) has issued an administrative order jointly with other government agencies directing all liquefied petroleum gas (LPG) industry participants to observe the minimum safety standards in the transportation and distribution of the petroleum product in cylinders.

wp booster error:
td_api_base::mark_used_on_page : a component with the ID: td_180x135 is not set.

AMLA guidelines for lawyers, accountants, and certain service providers

A few years ago, the Philippine financial industry was under the media spotlight when a massive amount of stolen money entered the country and was then spent in large casinos. It cannot be denied that this incident had a negative impact on the Philippine banking system, as well as on the credibility of the implementation of anti-money laundering laws.
The BSP and Inflation: What Mission Creep?

The BSP and Inflation: What Mission Creep?

The inflation rate reached 5.2% in June 2018 following 4.6% the month before. The June level is the highest in five years and breached the price target ceiling. Critics are lashing about to find fault. Demonizing TRAIN 1 is everywhere in the media and talks of rejiggering the act is afoot. Sadly, President Duterte revealed that he would leave the fate of his regime’s cornerstone economic program to a Congress that is facing midterm elections! That seems to leave his economic team in a lurch. Meanwhile, the detractors have extended the compass of their blame game to the BSP.
Deriving value from E-Learning platforms

Deriving value from E-Learning platforms

Business is an ever-changing landscape. It finds ways to create assets, improve what has been already done, and maximize utility at the least possible cost.
Fate of the peace process hangs in the balance

Fate of the peace process hangs in the balance

Two years into the Duterte administration, trepidations on the fate of the peace process continue. The proposed Bangsamoro Basic Law (BBL), the political translation of the Comprehensive Agreement on the Bangsamoro (CAB) signed in 2014, hangs in the balance. This week, the Bicameral Committee starts deliberation on the Senate and House version of the BBL.
Not quite the right laban

Not quite the right laban

Laban Gilas Pilipinas! Puso! That is the fighting motto of the Philippine basketball team. Though the odds be great or small, but with heart so strong, Gilas Pilipinas will fight to win over all.
San Miguel Beermen

Determined San Miguel goes 1-0 up over TNT

THE defending champions San Miguel Beermen drew first blood in their Philippine Basketball Association (PBA) best-of-three quarterfinal series with the TNT KaTropa, taking Game One, 121-110, yesterday at the Smart Araneta Coliseum coming from behind.
Kevin Durant

Two-time NBA champ Durant basking in latest title, promises to keep rising

NEARLY a month since hoisting the Larry O’Brien trophy after his Golden State Warriors won their second consecutive National Basketball Association (NBA) title, superstar Kevin Durant said he is still in the process of soaking everything they had done since it was a product of their collective hard work even as he said that they are not about done, more so now with a souped-up roster.

South Korean Kim Sei-young wins Thornberry Creek in historic style

LOS ANGELES -- South Korean Kim Sei-young smashed the LPGA 72-hole scoring record Sunday, winning the Thornberry Creek LPGA Classic with a stunning 31-under par total.

Veteran guard Denok Miranda thinks he’s not yet over the hill

UP against younger, faster and equally skilled counterparts, former PBA champion Denok Miranda believes he needs to work double time and be in tip-top condition once he plunges to action in the MPBL Datu Cup.
Team US U17

Team USA clinches fifth straight FIBA U17 crown

THE United States’ dominance in Under-17 World Basketball continued after it bagged its fifth straight FIBA U17 Basketball World Cup title on Monday, defeating France, 95-52, in the final at the Technical University Stadium in Santa Fe, Argentina.

England dreams of World Cup glory

MOSCOW -- England on Sunday was looking forward to its first World Cup semifinal since 1990 as Russian fans thanked their disappointed players after their fairytale World Cup run was halted by Croatia.
Shania Mae Mendoza

WIM Shania Mae Mendoza

June has been a great month for Ms. Shania Mae Mendoza. She won the Philippine Women’s Championship in Alphaland Makati, and then enplaned for Davao where she won the ASEAN Under-20 Championship. This brought with it the automatic Woman International Master (WIM) title as well as a Woman International Grandmaster (WGM) title norm. Two more norms and she will get the full WGM title.

Bulls stuck in ‘No Man’s Land’

Heading into the offseason, the Bulls privately expressed optimism that they would be able to re-sign free-agent-to-be Zach LaVine to a reasonable contract. Bolstering their positive outlook was the fact that he began his 2017-18 campaign recovering from an anterior cruciate ligament tear and ended it with knee tendinitis, managing to play only 24 games in between. His youth gave him value, but his reliance on his athleticism to prop up his offense and seeming absence of interest at the other end of the court were red flags that they felt would give potential suitors pause.

BusinessWorld Discussions | Episode 04 | Richard Bergonia

Richard Bergonia can’t claim to have seen everything. But as someone who worked abroad on a ship for more than a decade, he has definitely seen a lot more than the rest of us.
PSE bell

PSEi ends flat as inflation dampens sentiment

SHARES barely moved on Monday as the higher inflation print in June and a projected interest rate hike in August dampened investor sentiment.

Peso climbs slightly as dollar slips after mixed US jobs data

THE PESO strengthened a tad against the dollar on Monday following the release of unemployment data in the United States last Friday.

CBCP issues ‘exhortation’ after Duterte’s attacks

THE CATHOLIC Bishops Conference of the Philippines, in a news conference on Monday, July 9, issued a “Pastoral Exhortation” that addressed, in part, “those in this world who boast of their own wisdom, those who arrogantly regard themselves as wise in their own estimation and the Christian faith as nonsense, those who blaspheme our God as stupid.”
Grace Poe-BW

Poe leads Pulse Asia poll on senatorial bets

SENATOR Grace Poe-Llamanzares topped a list of probable May 2019 senatorial candidates reported by Pulse Asia’s latest Ulat ng Bayan survey released on Monday.

Carpio: 2016 Hague ruling enforced by US, other powers

THE WORLD’S naval powers are doing the “heavy lifting” in enforcing the arbitral tribunal award on the South China Sea dispute two years since its ruling, without the support of its primary beneficiary the Philippines, Acting Chief Justice Antonio T. Carpio said on Monday.

Another round of jeepney fare hike still possible — LTFRB

THE LAND Transportation Franchising and Regulatory Board (LTFRB) said another fare hike for public utility jeepneys (PUJ) is still possible as hearings on the petition of five transport groups for a P2 increase continue.
Rodrigo R. Duterte

Duterte to meet with Malaysian PM Mahathir after Pacquiao’s fight

PRESIDENT Rodrigo R. Duterte is set to meet with Malaysian Prime Minister Mahathir Mohamad after Senator Emmanuel “Manny” D. Pacquiao’s fight in Kuala Lumpur, Malacañang said on Monday.

De Lima proposes hazard pay for journalists

SENATOR LEILA M. de Lima has filed a bill requiring media companies to provide insurance coverage and hazard pay to journalists and other workers, especially those assigned in conflict or disaster areas.
gas pump diesel

Uptick in fuel prices continue this week

CONSUMERS WILL have to bear another increase in oil prices this week, although less than the price adjustments the previous week.

DSWD launches e-Services in 4 pilot regions

APPLICATIONS FOR for travel clearance for minors could now be done online as the Department of Social Welfare and Development (DSWD) launched on Monday, June 9, the DSWD e-Services.

Dumaguete sanitary landfill project gets support from all barangays

ALL THE 30 barangays of Dumaguete City have given support to the closure of the open dumpsite and the establishment of a sanitary landfill at Barangay Candau-ay.

90% done

THE New Bohol Airport is 90.14% complete as of end-June, according to the Department of Transportation. The airport, located in Panglao, is targeted for opening by August and is expected to accommodate two million passengers in the first year.

BBL bicameral committee agree to keep ARMM powers

THE BICAMERAL conference committee tasked to reconcile the two versions of the proposed Bangsamoro Basic Law (BBL) has agreed to retain provisions already granted to the Autonomous Region of the Muslim Mindanao (ARMM).

DoST-12 plans civet coffee research center to help B’laan tribe increase production

THE DEPARTMENT of Science and technology-SOCCSKSARGEN (DoST 12) is eyeing to increase civet coffee production in the region by putting up a Halal Civet Research and Development Center at the Mindanao State University (MSU) campus in General Santos City.

Nation at a Glance — (07/10/18)

News stories from across the nation. Visit bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

FULL TEXT: Con-Com submits draft federal constitution

The Consultative Committee (Con-Com) submitted to President Rodrigo R. Duterte its draft of the proposed federal constitution on Monday, July 9. Congress will begin...

Senate bill seeks to grant journalists hazard pay, more insurance benefits

Senator Leila M. de Lima has filed a bill requiring media companies to provide insurance coverage and hazard pay to journalists and other media...

Stocks finish flat, holding firms lead gainers

Shares barely moved on Monday, July 9, as the higher inflation recorded last June and the projected interest rate hike in August put a...
gas pump DoE

Pump prices going up again

Consumers will have to bear another increase in pump prices this week, although milder the price adjustments in the previous week. Gasoline prices will rise...

Final version of BBL to retain ARMM law provisions: Zubiri

The bicameral conference committee tasked to reconcile the two versions of the Bangsamoro Basic Law (BBL) has agreed to retain provisions already granted to...

Sotto: Charter change may not be Senate’s top priority in next regular session

Charter change will take a backseat in the Senate priorities in the third regular session, Senate President Vicente C. Sotto III said on Monday,...
peso dollar bills

Peso gains slightly vs dollar after US jobs report

The peso strengthened a tad against the dollar on Monday, July 9, following the release of unemployment data in the United States last Friday. The...

Electric cooperatives in Samar, Laguna face penalty for failure to remit FiT allowance

The Energy Regulatory Commission (ERC) has fined electric cooperatives in Samar and Laguna for failing to remit the feed-in tariff allowance (FiT-All) to state...

Energy department issues safety guidelines on transporting LPG in cylinders

The Department of Energy (DoE) has issued an administrative order jointly with other government agencies directing all liquefied petroleum gas (LPG) industry participants to...