Home 2018 October 9

Daily Archives: October 9, 2018 | 10:30 pm


Peso to weaken further as rising oil prices widen trade gap — ING

SOARING world crude prices will further bloat the country’s trade deficit, which in turn could keep the peso under pressure over the coming year, a global bank said.
Carlos G. Dominguez III

DoF chief to seek growth outlook of IMF, WB

THE FINANCE CHIEF wants to know how the World Bank and International Monetary Fund (IMF), during their annual meetings this week, will address the global market turbulence brought by rising oil prices, the trade conflict in the world’s most advanced economies, and tightening monetary conditions.

Coco levy fund moved for bicameral reconsideration

THE Senate and the House of Representatives on Tuesday adopted a concurrent resolution that will request the President to recall the coconut levy trust fund bill to the bicameral conference committee so they could introduce major amendments to the bill.
rice palay corn

Rice and corn mix to be introduced by yearend

THE National Food Authority (NFA) Council has agreed to introduce a rice and corn mix as staples in NFA outlets by the end of 2018.
budget hearing

House bills on strengthening NEDA merged

THE HOUSE COMMITTEE on Economic Affairs on Tuesday consolidated bills institutionalizing the National Economic Development Authority but deferred approval to include amendments giving the body stronger coordination at the local level.

Impact of illegal fishing flagged to LGUs

THE PHILIPPINES can achieve fish sufficiency after President Rodrigo R. Duterte’s term ends, with the protection of the 24 major fishing grounds as well as promotion of aquaculture and maintenance of 60% local fish production, according to Bureau of Fisheries and Aquatic Resources National Director Eduardo B. Gongona.
pork meat market

African Swine Fever prompts stepped up ban on pork products

THE Department of Agriculture (DA) ordered a temporary ban on importation of domestic and wild pigs including pork meat and semen from Belgium, Bulgaria, Czech Republic, Moldova, South Africa and Zambia due to reported cases of African Swine Fever (ASF).
Inflation Jam

Inflation Jam

It is said that it takes at least five years to see either the benefits and/or the ill effects of a particular legislation. However, now that we are in an inflation jam, it only took six months to see the very negative effects from the imposition of more taxes.
Mindanao could learn from Israel

Mindanao could learn from Israel

A trip to the Holy Land had always been a key item in my bucket list (the things I need to see or do before I leave this world). But my wife had serious reservations, perceiving Israel as a country constantly in a state of war and threatened by terrorists.
Go map your day, Quietly.

Go map your day, Quietly.

A FEW WEEKS AGO, a workshop participant asked me what was my personal early morning ritual and what do I do to start the day with a positive state of mind and stay engaged, balanced and motivated all day long?
Response to ‘Cheap, stable electricity vs climate alarmism’

Response to ‘Cheap, stable electricity vs climate alarmism’

AS ONE of the climate alarmists Bienvenido S. Oplas, Jr. refers to in his opinion piece of September 23 (“Cheap, stable electricity vs climate alarmism”), I welcome the debate he has opened.

Peso down on risk-off sentiment

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas.

Main index ekes out gain on last-minute buying

STOCKS eked out gains on Tuesday after posting losses for most of the session, as foreign investors continued to flee the market without any signs of new catalysts to bring them back.

Senate says no time for House draft charter

THERE IS no time to tackle the draft constitution proposed by House Speaker Gloria M. Arroyo in the 17th Congress, Senate leaders said on Tuesday.

Kasai nominated as WHO Western Pacific head

HEALTH MINISTERS and other senior officials from 30 countries voted on Tuesday in Manila for the next head of the World Health Organization’s (WHO) Western Pacific Regional Office (WPRO), with Japanese Dr. Takeshi Kasai as the nominee.

Cat-calling bill up for House plenary approval

THE SENATE on Monday approved on third and final reading the bill penalizing cat-calling and other forms of street-based sexual harassment.

Nationwide round-up

Chinese envoy ‘concerned’ over US naval exercises with Xi’s Manila visit MALACAÑANG ON Tuesday said the People’s Republic of China “has expressed concern” about the...

Andaya says SALN complaint ‘an ongoing hatchet’ job

THE TRUTH & Justice Coalition on Tuesday filed a complaint before the Office of the Ombudsman against House Majority Leader Rolando G. Andaya Jr. and his wife over alleged dishonesty in their Statement of Assets, Liabilities and Networth (SALN).

Swine-raising learning center opens in lechon capital

LOCAL BREEDER Exelsior Farms, Inc. (EFI), along with four industry partners, opened a swine-raising learning center in Cebu City, the first such institution in the country.

International Banana Conference opens today as PBGEA reiterates call for lower tariffs

THE INTERNATIONAL Banana Conference, organized by the Philippine Exporters Confederation Inc. (Philexport)-Region XI Chapter, starts today as the major industry players reiterated their call on government to negotiate for lower tariffs in export destination nations.

Davao City passes law allowing Muslim women to wear head, face covers

THE MUSLIM community in Davao City welcomed the passage of an ordinance that respects their tradition of wearing head and face covers for women.

Nation at a Glance — (10/10/18)

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

Final 4-bound Letran wins anew, beats San Sebastian

THE LETRAN KNIGHTS sustained their strong finish in the wind-up of the elimination round of Season 94 of the National Collegiate Athletic Association as they won their fifth straight game with a 79-61 victory over the San Sebastian Stags on Tuesday at the FilOil Flying V Centre in San Juan.
Magnolia Hotshots Pambansang Manok

On-fire teams Blackwater, Magnolia lock horns today

TOP-FLIGHT teams Blackwater Elite and Magnolia Hotshots Pambansang Manok test each other today in their 7 p.m. Philippine Basketball Association Governors’ Cup tussle at the Cuneta Astrodome in Pasay City.
UP Fighting Maroons

Maroons seek to finish first round with winning record

THE UNIVERSITY of the Philippines Fighting Maroons, winners of their last two matches, look to finish the first round of the eliminations of UAAP Season 81 with a winning record when they take on the University of Santo Tomas Growling Tigers in the opener today at 2 p.m. at the Mall of Asia Arena.

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PHL loses ground in Para Games medal race

AFTER placing fifth early in the medal race of the ongoing 2018 Asian Para Games in Jakarta, Indonesia, the Philippines lost some ground but nonetheless added another gold medal in its total haul.

Predictions (2)

Last week this space started throwing its take on the upcoming 2018-19 season of the National Basketball Association, which is seemingly heading to another interesting run following landscape-altering moves across varying levels in the offseason.

Captain America

It’s a reflection of how favored the United States was heading into the 2018 Ryder Cup that its lopsided loss continues to be dissected in golf circles. One and a half weeks have passed since Team Europe won pulling away, claiming all but the first session of the competition and, in the process, underscoring the fact that having great players on a team does not necessarily make a great team -- especially absent the camaraderie and esprit de corps protagonists lean on to pull through under pressure.
Vespa 1

Making the (up)grade: Vespa unveils new Primavera and Sprint

AMID skyrocketing fuel prices and monstrous traffic, now’s a good a time as any to consider traveling on two wheels instead of four. That’s according to MotoItalia Philippines head Willy Q. Tee Ten. He has a point. “We never expected Vespa to grow this big... Today, we have 17 dealerships and we’re not going anywhere but up,” he said on Oct. 3 during the launch program for the updated versions of the Vespa Primavera and Sprint.
Mitsubishi Eclipse Cross

Mitsubishi Eclipse Cross gets design award

THE Mitsubishi Eclipse Cross compact SUV has won a spot in Good Design Award 2018. Mitsubishi Motors Corporation said the organization behind the awards, the Japan Institute of Design Promotion, cited the Eclipse Cross’ “bold wedge profile” as “very striking,” and that one can clearly see the attention to detail the model received.
Ford EcoSport 1

That energy boost: The refreshed Ford EcoSport shows why small but powerful is best...

Text and photos by Aries B. Espinosa WHAT more does this pioneering subcompact SUV need to prove, when in all these four years since its...
Honda special variants

Special variants of Honda CR-V, Mobilio, Civic can now be ordered

CUSTOMERS can now order the limited-edition variants of the Honda CR-V, Mobilio, and Civic at Honda Cars showrooms. Deliveries will start in November.

Are car shows still relevant these days?

The first international motor show I ever attended was the 1997 Tokyo Motor Show (TMS) -- yes, more than two decades ago, if you’re fond of math. Let’s just say I caught the auto-show scene right at the start of the digital revolution. There was already Internet at the time -- there was also e-mail -- but the motoring press still preferred to cover the car show the old-fashioned way (read: with the help of analog cameras and bulky press kits). In fact, the TMS organizers even offered free courier service so international journalists could send dozens of their press materials back home.

NTC sued over alleged “money making schemes” in third telco search

NOW Telecom, an affiliate of local telecommunications, media, and technology company NOW Corporation, filed a case against the National Telecommunications Commission (NTC) on October 8. This is over claims of legal violations in the New Major Player Terms of Reference by NTC and the Department of Information and Communications Technology (DICT).
Grab to launch new services in Cebu

Grab partners with Microsoft, adopts Azure cloud platform

By Anna Gabriela A. Mogato TRANSPORT network company GrabTaxi Holdings Pte. Ltd has just partnered with Microsoft Corp. to improve their digital services in Southeast...

Muted foreign interest in 3rd telco slot

FOUR LOCAL FIRMS and only one foreign company, Norway’s Telenor Group, firmed up their interest in participating in the auction for the country’s third major telecommunications service provider by purchasing the bid documents on Monday -- the first day of its availability.
Meralco linemen

Power rates to go down in October

TYPICAL HOUSEHOLDS can expect their monthly electricity bill to go down by P19 in October after distribution utility Manila Electric Co. (Meralco) announced on Monday another cut in the overall rates due to a reduction in power generation charges.
Gloria Macapagal-Arroyo

House Speaker Arroyo to count on rapport in last big role in PHL politics

IN WHAT MAY be the last chapter of a long and complicated political career, House Speaker Gloria Macapagal-Arroyo aims to fulfill what she regards as her mission now, or “our objective...to push for the President’s legislative agenda.”

Chelsea offers to modernize Sasa port

CHELSEA Logistics Holdings Corp. (CLC) said it submitted a P16-billion unsolicited proposal to the Department of Transportation (DoTr) for the modernization of Sasa port in Davao City.

Slew of foreign and local films to be shown at QCinema festival

NOW ON its sixth year, the QCinema International Film Festival offers a slew of award-winning foreign films and five original Filipino films as it runs from Oct. 21-30 in select cinemas in Metro Manila.
old spaces 1

Reimagining old spaces

AN ancestral home converted into a spa, the Regina Building as a café, a fire station transformed as a gym and fitness center --...

Henry Sy-led SMIC looking to shift investment strategy

THE holding firm of country’s richest man Henry Sy, Sr. is shifting its investment strategy, favoring businesses where they can secure a minority position instead of taking full control of the company.

‘Something different’ in Cinema One film fest

THE 14th run of the Cinema One Originals Festival, titled “I am Original,” will showcase nine original feature films, six international films, 12 original short films, and two restored classics.
Spaces by Bamba

Spaces opens its 1st PHL co-working space in BGC

INTERNATIONAL Workplace Group (IWG) on Friday opened the first Philippine branch of its new co-working space brand Spaces.

Melco Resorts told to discuss issues with minority shareholders

THE Philippine Stock Exchange (PSE) has asked Melco Resorts and Entertainment (Philippines) Corp. (MRP) to engage with its minority shareholders to resolve pending issues on its tender offer, which will take the company a step closer to delisting from the local bourse.