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Monthly Archives: September 2018

How PSEi member stocks performed — September 27, 2018

Here’s a quick glance at how PSEi stocks fared on Thursday, September 27, 2018.
right of way construction infrastructure

Right-of-way budget to grow 53% in 2019

THE GOVERNMENT proposed a 53% increase in the budget for right of way (RoW) acquisition in 2019, the Department of Management (DBM) said, reflecting expectations for the launch of more infrastructure projects.
job fair applicants

Pulse Asia finds inflation, wages to be top concerns

INFLATION and salaries are the top concerns of Filipinos across all regions and social classes, polling firm Pulse Asia said, citing the results of a survey.
Bureau of Local Government Finance (BLGF)

Property valuation bill approved by House

THE tax reform package updating real property valuation standards made it past the House Committee on Ways and Means on Wednesday.
airport runway

PHL, Australia raise weekly cap on airline seat capacity to 10,700

THE Philippines agreed to raise seat capacity to and from Australia in a memorandum of understanding (MoU) on Wednesday between the Department of Transportation (DoTr) and Australia’s Department of Infrastructure, Regional Development and Cities.
Cielito F. Habito

Ex-NEDA head Habito says pursuit of rice self-sufficiency raises prices

STRIVING for rice self-sufficiency is expected to drive prices for the grain even higher, according to economist and Ateneo de Manila University professor Cielito F. Habito.
With friends like these...

With friends like these…

In the evening of Feb. 22, 1986, then Defense Minister Juan Ponce Enrile and Armed Forces of the Philippines (AFP) Vice Chief of Staff Fidel Ramos announced that they were withdrawing their support for the dictator Ferdinand Marcos. It was only a few hours after AFP Chief of Staff Fabian Ver had discovered and foiled their plan to storm Malacañang, oust Marcos, and replace him with a military junta.
A series of lives

A series of lives

The Duchess of Windsor once remarked, “A woman’s life can really be a succession of lives, each revolving around some emotionally compelling situation or challenge, and each marked off by some intense experience.”
Perhaps martial law wasn’t as bad as you thought?

Perhaps martial law wasn’t as bad as you thought?

Of course, martial law per se cannot be a bad thing. Otherwise, that presidential power would not have been provided for in the 1935, 1973, and then the 1987 Constitutions. Even the draft constitutions being considered today include martial law provisions.
Thinking of a replacement

Thinking of a replacement

IN Ken Auletta’s new book (June 2018) Frenemies, covering the disruption of the media and advertising world, the author touches on succession plans for the entrenched and aging icons of the ad industry. Martin Sorrel, then the still active head of WPP, talked of succession planning at age 72, “I will stay here until they shoot me.” After that statement, the undisclosed details of an investigation on Sorrel resulted in his “resignation.” There were no shots heard.

US report cites Philippines’ improved counterterrorism

THE PHILIPPINES’ counterterrorism capabilities have improved amid attacks and threats from terrorist groups affiliated with the Islamic State (ISIS), according to the US Department of State’s 2017 Country Reports on Terrorism .

President owns up to EJKs

PRESIDENT Rodrigo R. Duterte on Thursday owned up to extra judicial killings (EJKs) in the country as he deplored complaints filed against his controversial war on drugs, accusing him of murder and crimes against humanity, at the International Criminal Court (ICC) in The Hague, Netherlands.

OFW shot dead in Saudi Arabia

AN OVERSEAS Filipino Worker (OFW) in Saudi Arabia was shot dead after allegedly stabbing to death his employer and several others last Wednesday, the Department of Foreign Affairs (DFA) said.
Solicitor-General Jose Calida

Sol-Gen threatens libel case vs Trillanes

SOLICITOR-GENERAL Jose C. Calida, in a statement on Thursday, threatened to file a libel case against opposition Sen. Antonio F. Trillanes IV unless the senator apologizes for claiming that Mr. Calida “stole” his amnesty application form at the Armed Forces of the Philippines headquarters.

DFA to shorten passport processing

THE Department of Foreign Affairs (DFA) will shorten the waiting time for passport releases to 12 working days from the original 15 for regular processing and six working days from seven for express processing in Metro Manila, starting Oct. 1.

State of calamity declared in Ompong-hit regions

PRESIDENT Rodrigo R. Duterte has declared a state of calamity in Regions I, II, III, and the Cordillera Administrative Region (CAR) due to “widespread destruction, substantial damage and deaths” caused by Typhoon Ompong (Mangkhut).


Members of the search, rescue and retrieval operations at the landslide site in Barangay Ucab, Itogon, Benguet, in this photo taken on Sept. 26, day 11 after the calamity, express their determination to locate all the victims.

W. Visayas tourism frontliners learn Mandarin as DoT sees 1.5M Chinese visitors in 2019

FRONTLINERS of the Department of Tourism-Western Visayas (DoT-6) are undergoing training in Mandarin language as the region anticipates up to 300,000 Chinese visitors next year out of the 1.5 million expected nationwide.
NFA rice

NBI-7 making the rounds to check on rice hoarding

A TOP official of the National Bureau of Investigation-Central Visayas (NBI)-7) has confirmed that they are going around the region to investigate possible rice hoarding.
Congress plenary hall

Ex-BoC officer Guban detained for contempt

A JOINT panel in the House of Representatives on Thursday cited for contempt former customs intelligence officer Jimmy S. Guban over conflicting statements during...

DoE gears up for geothermal energy exploration in Davao Oriental

THE DEPARTMENT of Energy (DoE) is undertaking a study on the potential of the Mati-Lupon-Tarragona geothermal field in Davao Oriental, officials announced on Sept. 25 during an information forum held in the provincial capital, Mati City.

Street food, bazaar opens Sept. 29 ahead of Zamboanga’s Hermosa Festival

THE SMOKE Out Zamboanga and Grand Midnight Sale along RT Lim Boulevard starts on Saturday, Sept. 29, to kick off Zamboanga City’s annual Hermosa Festival.
College of St. Benilde Blazers

NCAA: Games with playoff implications set for today

THE LETRAN KNIGHTS, Perpetual Help Altas, and College of St. Benilde Blazers, teams that have solid shot at landing a spot in the Final Four in Season 94 of the National Collegiate Athletic Association (NCAA), are featured in the triple-header set for today at the FilOil Flying V Centre in San Juan City.

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Ancajas has chance to make statement in Barrios fight

FOR the sixth time Filipino world champion Jerwin “Pretty Boy” Ancajas will defend his International Boxing Federation super flyweight title, taking on Mexican Alejandro Santiago Barrios in a championship clash on Sept. 29 (Manila time) at Oracle Arena in Oakland, California.

Chess Olympiad: PHL women’s team smashes Venezuela, 3-1, as Croatia beats the men’s team,...

The Philippine women’s team smashed Venezuela, 3-1, to storm back to relevance even as its men’s squad suffered a 1-3 defeat to higher-ranked Croatia after three rounds of the 43rd World Chess Olympiad in Batumi, Georgia Wednesday night.
Tekken 7 tournament

Road to The Nationals takes further root with recent Cebu event

ROAD to The Nationals, the first-ever esports franchise model league in the country, took further root with the recent staging of its Cebu tournament leg.
Milwaukee Brewers

MLB: Brewers, Cubs win spots to postseason

LOS ANGELES -- Jhoulys Chacin threw five shutout innings as the Milwaukee Brewers punched their ticket to the Major League Baseball (MLB) postseason with a 2-1 win over the St. Louis Cardinals on Wednesday.
Ramon Gonzales

Gonzales fighting in Bangkok

At ONE: KINGDOM OF HEROES on Saturday, October 6 in Bangkok, Thailand, another Filipino martial artist aims to keep the country’s momentum going.

Nation at a Glance — (09/28/18)

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

Tiger Inquisition at the Ryder Cup

Believe it or not, Rory McIlroy once thought of the Ryder Cup as an “exhibition” that engendered behavior not normally associated with a gentleman’s sport. Admittedly, it was a view from the outside looking in, and one that the former World Number One was quickly disabused of once he saw firsthand how golf’s premier golf event can turn the best of the best into putty and the seemingly overmatched into national heroes.

Stocks rebound on last-minute buying, rate hikes

LOCAL EQUITIES rebounded on Thursday as investors picked up selected stocks at the last minute, while factoring in the expected rate hikes from the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve.

Peso recovers vs dollar ahead of BSP rate decision

THE PESO recovered on Thursday as investors reduced their dollar positions ahead of policy tightening by the local central bank.
God Wars 1

A love letter of longing and living

WHEN KADOKAWA GAMES released God Wars: Future Past on the PlayStation Vita and PlayStation 4 last year, it put forth a tactical role-playing game awash in Japanese lore. Its story, which began with a Queen’s sacrifice of a daughter to appease the gods and continued with the other daughter striving to find out why, offered a stunning look into the history of the Shinto-steeped Land of the Rising Sun. Parenthetically, the hope that the narrative would pull in and not alienate Western audiences was answered with success on retail shelves.

Crypto’s open secret: Its multibillion-dollar volume is suspect

FOUR months ago, BitForex was just one of many obscure exchanges offering users the ability to trade cryptocurrencies like Bitcoin.

Facebook unveils Oculus Quest, a $399 wireless VR headset

FACEBOOK inc. unveiled a wireless virtual-reality headset called Oculus Quest, an attempt to help popularize the developing technology with a more mainstream audience.

Machines are coming for India’s unwanted jobs: Anjani Trivedi

A TEXTILE-yarn company in western Indian soon will have more machines than workers. A manufacturer in southern India sold almost double the number of its automated goods last year. India’s biggest carmaker has one robot for every four plant employees.

Machines are coming for India’s unwanted jobs: Anjani Trivedi

A TEXTILE-yarn company in western Indian soon will have more machines than workers. A manufacturer in southern India sold almost double the number of its automated goods last year. India’s biggest carmaker has one robot for every four plant employees.

New must-have for blockchain startups: Economics Nobel winners

WITH cryptocurrency mania over for now, blockchain startups need to dig a little deeper to attract attention. Their latest secret weapon: Nobel laureates.

Chinese solar giant to build all its panels with just solar power

IN a first for the solar industry, China’s Longi Green Energy Technology Co. plans to produce all of its panels using solar power in as little as three years.

SurveyMonkey climbs in debut after upsized $180 million IPO

ONLINE-polling company SurveyMonkey surged as much as 67 percent in its trading debut after raising $180 million in its bigger-than-targeted U.S. initial public offering.

China claims more patents than any country — most are worthless

FOR nearly a decade, China has taken great pride at filing the largest number of domestic patents. It’s proving less keen on keeping them.

U.S.-China military tensions start to rise as trade war deepens

AS a trade war heats up between the U.S. and China, military tensions are also rising.

The world’s biggest crypto company just opened the books for its IPO

ONE of the cryptocurrency world’s most powerful, controversial and secretive companies just opened its books for the first time.

Jollibee to bring Panda Express to the Philippines

By Anna Gabriela A. Mogato Jollibee Foods Corp. (JFC) has struck a partnership with US-based Panda Restaurant Group, Inc. to bring widely popular Chinese-American food chain...

Asian development outlook 2018 update

THE ASIAN DEVELOPMENT BANK (ADB) has slashed its Philippine economic growth projections for this year and 2019 following “stagnant” performance in agriculture and a merchandise export slowdown, even as investments continue to rise.