Home 2018 October 4

Daily Archives: October 4, 2018 | 10:00 pm

construction workers

Liability a sticking point in liberalizing construction

FOREIGN contractors can bring much-needed expertise and investment, though stakeholders warned about the difficulty of enforcing liability rulings on foreign entities and the possible displacement of smaller Filipino-owned rivals.
Karl Kendrick T. Chua

DoF estimates P40B in lost revenue if fuel excise suspended

THE DEPARTMENT of Finance (DoF) said that the government will lose some P40 billion in revenue if it suspends the second tranche of the fuel tax hike next year, adding that it has yet to draft the implementing rules on how the tax will be suspended and reinstated.

2019 appropriations bill hurdles 2nd reading

THE House of Representatives on Wednesday night passed on second reading the proposed P3.757-trillion national budget for 2019.
PH news coins

DBM: 2018 budget release rate at 94% after 9 months

THE DEPARTMENT of Budget and Management (DBM) said it released 94% of the 2018 budget as of the first nine months of the year.
PEZA logo

PEZA-registered investment pledges down 55% in 9 months

THE Philippine Economic Zone Authority (PEZA) said investment pledges in the first nine months of 2018 declined over 55% with potential investors taking a wait-and-see attitude pending the passage of the Tax Reform for Attracting Better and High Quality Opportunities or TRABAHO bill.
poverty slum area

NEDA may introduce new poverty indicator

THE NATIONAL Economic and Development Authority (NEDA) is considering a new indicator to more accurately measure poverty, known as the multidimensional poverty index (MPI).
Pueblo de Oro Development Corp. (PODC) logo

Pueblo de Oro rejects allegations of Cebu illegal land conversion

PUEBLO DE ORO Development Corp. (PODC) said it rejects allegations that it is building a project in Lapu-Lapu City, Cebu on inalienable forest land.

Bill exempting small miners from tax on BSP gold sales clears 2nd reading

A BILL exempting small-scale miners from tax on gold sales to the Bangko Sentral ng Pilipinas (BSP) has hurdled second reading at the House of Representatives.
Lawrence Hardy II and Ramon M. Lopez

USAID commits funding to extend innovation program

THE US AGENCY for International Development (USAID), has pledged P250 million for the three-year extension of a program meant to boost the Philippines’ capacity for innovation-led inclusive economic development.
Again on the Catholic Church’s gay problem

Again on the Catholic Church’s gay problem

Amidst fresh allegations by Archbishop Carlo Maria Viganò, the child sex abuse scandal involving the Catholic Church remains in limbo. Abp. Viganò writes: “The silence of the pastors who could have provided a remedy and prevented new victims became increasingly indefensible, a devastating crime for the Church.”
Trapped in the 17th century

Trapped in the 17th century

It’s been two years and three months into the six-year term of the provincial despotism that became a national affliction in 2016 by promising to deliver the changes that have long eluded the Filipino people. It should be evident by now that it is at the very least underperforming -- or at the worst, rapidly bringing the entire country to ruin.
On popularity

On popularity

Sudden fame is a like an intense fever. Its symptoms vary from vertigo, dizzy spells to blurred vision and breathlessness. The perception and depth of field alter as the cranium swells beyond normal proportion.
Tracking the journey of the new federal constitution: Where are we now?

Tracking the journey of the new federal constitution: Where are we now?

The Constitution has the paramount role in defining the fundamental structure of government powers, the rights of citizens, the protection of its wealth and the accountability of public officers, the creation of national institutions, and the expression of the values which our society would bravely fight for.

PACC: DPWH, Congress among most corrupt

THE DEPARTMENT of Public Works and Highways (DPWH) led government agencies with the most number of corruption complaints, the Presidential Anti-Corruption Commission (PACC) said on Thursday.

Campuses express outrage at being linked to Reds

UNIVERSITIES tagged as being among the recruitment grounds for communist rebels have criticized the military in separate statements.

Election preparations underway ahead of deadline of candidacies

PREPARATIONS for next year’s midterm elections are underway a week before the deadline period for the filing of candidacies.
Gloria Macapagal-Arroyo

Arroyo to economic managers: Act ‘faster’ on inflation

HOUSE Speaker Gloria Macapagal-Arroyo on Thursday urged the government’s economic managers to work “faster” in addressing inflation.

Nationwide round-up

OFW group files misconduct, human trafficking complaints vs Bertiz MIGRANTE INTERNATIONAL, an alliance of overseas Filipino workers (OFWs), filed complaints on Thursday before the House...

4 more communications vs Duterte filed at ICC — CHR

AT LEAST four more “confidential communications” about President Rodrigo Duterte’s ferocious war on drugs have been filed before the International Criminal Court, Commission on Human Rights (CHR) chief Jose Luis Martin “Chito” C. Gascon said. Mr. Gascon said that these communications were filed as early as 2016.

Morong Aytas declare 6,600 hectares of ancestral land as conservation zones

MARKING THE start of this year’s National Indigenous Peoples Month, the Magbukun Ayta Indigenous Peoples (IPs) of Sitio Kanawan in Morong, Bataan declared portions of their recently awarded territory as Indigenous Communities Conserved territories and Areas (ICCAs).

Palparan starts 40-year jail term at New Bilibid Prison

JOVITO S. Palparan Jr., a retired army major general convicted of kidnapping and illegal detention of student activists, has been transferred from the custody of the Armed Forces of the Philippines (AFP) to the national penitentiary.

Davao City bus system launch moved back to 2019

DAVAO CITY’S planned public bus system in Davao City will be launched in 2019, as originally planned, instead of this year as targeted by the local government, Mayor Sara Duterte-Carpio announced Tuesday.

Cebu’s Duros Group ventures to Siargao

THE LILOAN, Cebu-based Duros Group of Companies is putting more money in tourism-related businesses, including a 38-room resort in Siargao called Gana Siargao Island Resort.

Phivolcs’ 100th seismic station installed in Tandag City

THE PHILIPPINE Institute of Volcanology and Seismology (PHIVOLCS) under the Department of Science and Technology inaugurated yesterday its 100th earthquake monitoring station, located in Tandag City, Surigao del Sur province.

ALQC to donate land for relocation site of landslide victims

APO LAND and Quarry Corp (ALQC) said on Thursday that it will donate a parcel of land to serve as a relocation site in Naga City, Cebu as well as set up a care fund to rebuild houses for the victims of a landslide near its operations site.

Nation at a Glance — (10/05/18)

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

Peso weakens as dollar climbs vs major units

THE PESO weakened on Thursday as the dollar strengthened on the back of a jump in US Treasury yields.
PSE BGC bell

Investors take cover ahead of inflation report

THE MAIN INDEX plunged deeper into bear territory on Thursday as investors sold stocks most affected by rising inflation and interest rates.

How can the business leaders of tomorrow, save the planet today

Highlights from the National Sustainability Summit for Millennials and Gen Zs

Local data science firm among top 10 BI solution providers

Cobena ranked top ten in region for big data analytic services.
Meralco Bolts

FIBA-honed Meralco faces Blackwater in PBA return

FRESH from their FIBA Asia Champions Cup campaign in Thailand where they finished fourth in the tournament, the Meralco Bolts make their return in the Philippine Basketball Association Governors’ Cup today against the Blackwater Elite at the Smart Araneta Coliseum.
De La Salle Green Archers

La Salle aims to be in top form against rival Ateneo

EXPECTING a tough challenge from defending champions and rivals Ateneo Blue Eagles in their first University Athletic Association of the Philippines Season 81 clash this weekend, the De La Salle Green Archers are aiming to come in prepared to get a favorable result.
UFC 229

Rivals Khabib, McGregor at UFC 229 in Las Vegas

THE rivalry between top Ultimate Fighting Championship lightweight fighters Khabib “The Eagle” Nurmagomedov and Conor “The Notorious” McGregor takes front and center this weekend as they headline “UFC 229” on Sunday (Manila time) in Las Vegas.
NCAA logo

Lyceum vs Letran headlines NCAA triple-header

NATIONAL Collegiate Athletic Association Season 94 top-flight teams Lyceum Pirates and Letran Knights banner league action today as they battle in the marquee match set for 4 p.m. at the FilOil Flying V Centre in San Juan.
Srisaket Sor Rungvisai v Iran Diaz

ONE Championship features new dimension with first-ever boxing event in Bangkok, Thailand

ONE Championship, Asia’s largest sports media property, features its newest dimension as a group by staging its first-ever boxing event at “ONE: Kingdom of Heroes” in Bangkok, Thailand, on Saturday, Oct. 6.
Carlos Valdes & Chot Reyes

NCC to serve as platform to discover more potential medal athletes for SEA Games,...

CHEERLEADING is not just only considered as one of the highly-anticipated events in collegiate events. Before, it was only being used to spice up the competitions either in the UAAP or the NCAA, but it has become a centerpiece event through the years and fans had been eagerly awaiting each school to come up with different stunts, maneuvers and moves that would define their greatness.
Cristiano Ronaldo

Ronaldo denies accusations of 2009 Las Vegas rape

LISBON -- Football player Cristiano Ronaldo on Tuesday denied rape allegations levelled against him, saying his conscience was clear and that he would calmly await the results of any investigation.

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World chess moves to end scandal era with new Russian president

MOSCOW -- The World Chess Federation elected its first new president in more than two decades on Wednesday, choosing former Russian politician Arkady Dvorkovich who has pledged to draw a line under years of scandal and internal feuding.

GMs poll

It’s early October, that time of the year when NBA.com releases to the public results of its annual survey of general managers. In recent...

Local data science firm among top 10 BI solution providers

By Mariel Aguinaldo, Online Reporter LOCAL data science and management consulting firm Cobena is the only Filipino startup to land in APAC CIO Outlook’s Top...

BOI partners with IFC to improve investments policy and promotion

By Anna Gabriela A. Mogato The Board of Investments (BOI) signed a memorandum of understanding (MOU) with the International Finance Corporation-World Bank (IFC-WB) to develop the...

Bankers see stability ahead in BSP poll

EXECUTIVES of Philippine banks expect the industry to remain stable over the next two years, with most lenders saying they will use financial technology (fintech) to capture more clients and improve services.
1000 peso bills

Central bank says further FX rule changes to be more gradual

FURTHER RELAXATION of foreign exchange rules can be expected to be more gradual for now as monetary authorities focus more on tempering sharp swings in daily peso-dollar trades, according to a senior official of the Bangko Sentral ng Pilipinas (BSP).

World’s worst stock mart still not cheap enough to buy

AS the Philippine Stock Exchange Index (PSEi) dipped below 7,100 during Tuesday’s session, taking its valuation to its lowest level since January 2016, Metropolitan Bank & Trust Co. is among the firms that’s staying on the sidelines.

Proposed tweaks to PSE listing rules to benefit small investors

TRADING participants welcomed the Philippine Stock Exchange’s (PSE) move to tweak listing rules that would prompt companies seeking to conduct a follow-on offering (FOO) to provide a price range for the benefit of the investing public.