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Daily Archives: October 3, 2018 | 10:18 pm

antenna third player

‘Serious’ query from Vodafone about 3rd player auction — Diokno

THE UK’s Vodafone Group PLC has discussed with the government the possibility of participating in the selection process for the telecommunications industry’s so-called “third player,” Budget Secretary Benjamin E. Diokno said following a visit to London.

Boracay to reopen with only few businesses deemed compliant

ONLY a small portion of businesses on Boracay Island are deemed compliant with environmental and accreditation requirements just weeks before the resort island returns to operation on Oct. 26 in a so-called “soft opening.”
Ramon M. Lopez

Trade department evaluating caps on margin for agricultural goods

THE Department of Trade and Industry (DTI) said it may recommend to President Rodrigo R. Duterte a cap on the margins that can be earned on the sale of certain agricultural commodities.
ECoP logo

ECoP backs legislation focused on productivity, not 14th month pay

THE Employers Confederation of the Philippines (ECoP) said it hopes legislators will consider skills training and other productivity-focused measures instead of a proposal to grant 14th month pay to workers.
NFA rice warehouse

NFA Council approves three rice importations at 2-week intervals

THE National Food Authority (NFA) Council has decided to authorize private-sector imports of 750,000 metric tons (MT) of rice in three batches of 250,000 MT each, arriving every two weeks starting Nov. 30.
Emmanuel F. Piñol

House signals plan to add P20 billion to Agri dep’t budget for 2019, Piñol...

AGRICULTURE SECRETARY Emmanuel F. Piñol said on Wednesday that key legislators have signalled their intention to raise the Department of Agriculture’s 2019 budget by about P20 billion, amid concern in the House about the adequacy of its proposed budget of P55 billion.
Benjamin E. Diokno

Satellite project-tracking scheme issues first report

ABOUT 88.2% of road projects connecting to seaports and airports scheduled for this year have entered the construction stage, based on the government’s satellite and geo-tagging project-tracking system.
fuel pump

Finance department queried on fuel excise suspension plans

SENATOR Paolo Benigno A. Aquino IV asked the government how it intends to carry out the suspension of the fuel excise tax if the average Dubai crude oil benchmark remains at $80 or above in the next three months.
Tacloban bypass road

DPWH to open Tacloban bypass road in Q3 2019

THE Department of Public Works and Highways (DPWH) said a bypass road in Tacloban City is now expected to open in August 2019, after delays to its original completion date of April 2017.

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When rules are not enough

Black’s Law Dictionary defines a corporation’s by-laws as “regulations, ordinances, or rules enacted by a private corporation for its own government.”
A school is only as good as its best teachers

A school is only as good as its best teachers

Tomorrow, Oct. 5, is World Teacher’s Day, a campaign started in 1994 and mounted each year since then to help people better understand the role teachers play in developing students and the society. Please allow me to devote my space today to all the teachers out there, past and present, as my way of giving thanks to them for all their contributions to the world.
The Teacher

The Teacher

Oct. 5 is observed worldwide as World Teachers’ Day. In the Philippines, the observance of a National Teachers’ Month and Day is led by government and the private teaching community. This formal honoring of teachers in the Philippines, which is aligned with the worldwide celebration of World Teachers’ Day, has drawn and continues to draw, heavy support from volunteer groups such as the Metrobank Foundation.
Mandatory and coercive welfarism by private enterprises

Mandatory and coercive welfarism by private enterprises

The private sector and civil society groups are the domain of voluntary exchange and volunteerism. In a competitive environment, people sell something, a commodity or service. If the price is good and attractive to many buyers and donors, sellers can prosper; if the price is high compared to quality, buyers and donors will shy away and sellers/providers can go bankrupt.
Do you really just want to have coffee?

Do you really just want to have coffee?

CAN the same task under different situational contexts be perceived and priced differently? Dan Ariely, writing about irrational behavior in purchasing decisions, notes the distinction between social and market norms, and how they are sometimes blurred.
Magnolia Hotshots

Magnolia races to 3rd win in a row, share of top spot

THE Magnolia Hotshots Pambansang Manok stretched current winning streak in the Philippine Basketball Association Governors’ Cup to three games after adding the Columbian Dyip to their list of victims, 113-95, on Wednesday at the Smart Araneta Coliseum.
De La Salle Green Archers

Green Archers dominate ex-coach, Growling Tigers

THE De La Salle Green Archers got the better of former coach Aldin Ayo after beating the University of Santo Tomas Growling Tigers, 99-72, in University Athletic Association of the Philippines Season 81 action on Wednesday at the Mall of Asia Arena.
PH Asian Games athletes

Smart recognizes Philippines 2018 Asian Games medalists

SMART Communications recently joined the Philippine Olympic Committee (POC) in honoring Filipino athletes who bagged medals during the 2018 Asian Games held in Indonesia last Aug. 18 – Sept. 2.
Philippine Red Bull Kumite Qualifier

Don Gimperoso to represent Philippines in Red Bull Kumite global last chance qualifier

THE inaugural Philippine Red Bull Kumite Qualifier was successfully held last weekend with veteran player Don Gimperoso emerging as the winner and will represent the Philippines in the global Last Chance Qualifier at the Red Bull Kumite Finals in Paris, France, in November.
QCBL Management Team

QCBL opens shop Nov. 10

A NEW basketball league in Quezon City, the largest city in Metro Manila in terms of population and land area, will rise soon.

New B3 weapon

Scoring is on Match Points System (two points for team win, one point for draw, 0 for loss). First Tiebreak is on Olympiad Sonneborn-Berger System and Second Tiebreak is on Game Points (total points scored by each of their players).

LeBron James preaches patience

LeBron James has already been on the court for 23 minutes and change before he made his first dunk in a Laker uniform. In fact, he reached the milestone in his second game; in his first, he settled for looping threes and midrange jumpers through 15 minutes of exposure. In hindsight, it was, perhaps, meant to be. For all the times he strutted his stuff at the Staples Center since being selected first overall in the 2003 draft, he hadn’t done so in purple and gold until yesterday.
PSE bell

Main index rebounds on Fed chairman’s remarks

THE MAIN INDEX snapped its three-day losing streak on Wednesday as it took a breather from oversold conditions in previous sessions.

Peso up on consolidation ahead of data

THE PESO went up against the dollar on Wednesday as it consolidated ahead of the inflation data release on Friday.

Optimism falls double digits in SWS Q3 survey

OPTIMISM toward personal qualify of life and expectations on the Philippine economy fell double digits in a new survey by the Social Weather Stations.

Labor deputy fired

PRESIDENT Rodrigo R. Duterte said he has fired Labor Undersecretary Joel B. Maglunsod.
Department of Finance (DoF)

BoC, BIR officials fired over SALNs

THE DEPARTMENT of Finance (DoF) has dismissed five Customs officials in the first eight months of the year, over “false declarations” in their Statements of Assets, Liabilities and Networth (SALN), and penalized more from other revenue agencies over administrative violations.

PCOO deputy quits

COMMUNICATIONS Assistant Secretary Esther Margaux “Mocha” J. Uson has announced her resignation and hinted possible plans to run in the 2019 midterm elections.

Cayetano lambasts BBC documentary on PHL democracy

THE PHILIPPINES’ top diplomat on Wednesday slammed an episode of British broadcasting network BBC’s Our World, which tackled the state of the country’s democracy under President Rodrigo R. Duterte, calling the program an “anti-Duterte propaganda.”
Makati buildings skyline

Makati opens 31 realty tax satellite payment centers

BARANGAY HALLS in Makati will be used as satellite centers for the collection of 4th quarter real estate taxes, the city government announced Monday....

CPP tells Palace: Why would we ‘push’ for martial law?

THE COMMUNIST Party of the Philippines (CPP) has denied the military’s allegation that it is “pushing” President Rodrigo R. Duterte to declare nationwide martial law through the so-called “Red October” ouster plot.

Iloilo City council appoints 2 reps for power franchise congressional hearings

THE ILOILO City Council has unanimously approved a resolution authorizing the city government to intervene in the ongoing deliberations in Congress on the franchise for the city’s electricity distributor.

Hospitals in Isabela, Baguio, La Union, and Bayombong up for expansion

FOUR GOVERNMENT-owned hospitals in the northern Luzon area have been lined up for expansion after President Rodrigo R. Duterte recently signed laws corresponding to the improvement programs.

Setting up signs

New signages along the Sta. Cruz trail of Mt. Apo, the country’s highest peak, have been installed to guide trekkers and constantly remind them...

No invite for Cebu Pacific on Davao City council’s probe on airfare rates

BUDGET CARRIER Cebu Pacific has yet to be invited to the Davao City council’s Oct. 8 hearing on airfare rates, according to Cebu Pacific Director for Corporate Communications Charo Logarta-Lagamon.

3rd Sardines Congress tackles sustainability

THE 3rd National Sardines Industry Congress opened yesterday, Oct. 3, in Zamboanga City, dubbed as the Sardines Capital of the Philippines. The three-day event is focusing on the sustainable use of the fish resource, which is a major industry in the Zamboanga Peninsula Region.

Nation at a Glance — (10/04/18)

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

35-year-old unknown creates the world’s most valuable startup

How Zhang Yiming succeeded where Google could not.

Punched in the face: Plunge in Chinese tourists rattles Thailand

By Bloomberg Chinese tourist arrivals in Thailand are tumbling, dragging down overall visitor growth in the Southeast Asian nation and dimming the outlook for an economy...

Stocks in Asia Trade Mixed, Euro Pushes Higher

By Bloomberg Asian stocks traded mixed following a volatile U.S. session as investors weighed continuing concerns in Indonesia and Italy and strength in commodity prices. The...

Today in global market news

By Bloomberg Federal Reserve Chairman Jerome Powell said he sees inflation risks in the U.S. economy as muted. An international survey found that a hefty majority...

Chambers flag risk from contracting ban

LOCAL AND FOREIGN business groups voiced their opposition to a legislative measure backed by President Rodrigo R. Duterte that bans project and seasonal employment schemes, arguing that it would hit micro-, small- and medium-scale enterprises (MSMEs) hard and could reverse recent employment gains.
vegetable stall palengke

ANZ sees inflation hovering above 7% as storm damage stokes price pressures

INFLATION will likely hover above seven percent in the remaining months of 2018, ANZ Research said, adding to mounting doubts about government expectations that overall price spikes could have peaked last quarter.

Final timetable for 3rd major telco set

THE DEPARTMENT of Information and Communications Technology (DICT) presented on Tuesday the final timetable for selection of the country’s third major telecommunications service provider, with documents available for purchase by interested parties starting Oct. 8, Monday.
Department of Energy (DoE)

DoE: Limay Power has not submitted application to build LNG import facility

THE Department of Energy (DoE) has yet to receive an application from Limay LNG Power Corp. to build an integrated liquefied natural gas (LNG) import facility, officials of the agency said on Tuesday.

Megaworld allocates P500M for Bacolod hotel

MEGAWORLD Corp. continues the expansion of its hospitality business with the development of a P500-million luxury boutique hotel within its Bacolod City township.