Home 2018 October 11

Daily Archives: October 11, 2018 | 10:14 pm

agreement handshake

PHL missing out on investment amid US-China tensions — PEZA

THE Philippines is missing out on the opportunity to attract investors during a period of trade tensions between the United States and China, due to uncertainty surrounding the country’s tax incentive regime, the head of the economic zone regulator said.
cigarettes sin tax

Sin tax hike may fund universal healthcare law

SENATOR Joseph Victor G. Ejercito is looking to increase so-called “sin taxes,” particularly on tobacco products, as a source of funding for the implementation of the universal healthcare (UHC) bill in the next years.
Asian Development Bank (ADB)

ADB backs move away from ‘paper-based’ SALN administration

THE ASIAN Development Bank (ADB) called for more automation in monitoring officials’ wealth in coordination with banks and land registries, and affirmed the need to maintain the requirement for civil servants to file Statements of Assets, Liabilities and Net Worth (SALN).

DENR’s Boracay inspectors to be equipped with US-backed technology

THE Department of Environment and Natural Resources (DENR) said it will adopt a US-funded system to track the activities of environmental inspectors on the resort island of Boracay.

New threats and old making life difficult for network security

CYBERCRIMINALS are rolling out new methods of penetrating data systems associated with the growing popularity of cryptocurrency mining, though older methods linked to decades-old work software remain relevant threats, network security firm Trend Micro Inc. said.

Japanese firm evaluating possible new applications for Philippine banana fiber

THE Philippine Fiber Industry Development Authority (PhilFIDA) said it will deliver a trial shipment of banana fiber to a Japanese company looking to order as much as 2,000 metric tons from the Philippines.
Davao City Hall

FoI compliance being pushed on local government units

THE Department of Interior and Local Government (DILG) and the Presidential Communications Operations Office (PCOO) have instructed local government units (LGUs) to implement freedom of information-compliant practices in accordance with Executive Order No. 2, citing the need to better deter corruption.
Carlos G. Dominguez III

Finance dep’t sees 2018 GDP up 6.5%

FINANCE Secretary Carlos Dominguez said the economy will sustain growth exceeding 6% this year, as investment and infrastructure spending help counter the impact of higher interest rates.
Kavanaugh and the assault on due process

Kavanaugh and the assault on due process

“Assertions are not truths until they are established as facts and corroborated with evidence.” So says conservative Fil-Am political commentator Michelle Malkin. And she’s right.
Ours to claim: The Bill of Rights

Ours to claim: The Bill of Rights

Undoubtedly the most fought for, fiercely debated and emotionally laden provisions of our Constitution is the Bill of Rights. It is the safe haven for citizens of any democratic country against an oppressive or excessive exercise of governmental powers. A mantle of protection to safeguard one’s life, liberty or property, the guarantee of due process and equal protection of the law is guaranteed to every citizen because indeed, everyone is created equal.


The spokesperson of the Armed Forces of the Philippines (AFP), in elaboration of the AFP chief-of-staff’s tale of a “Red October” leftist-rightist conspiracy to oust President Rodrigo Duterte from power, said last week that the country’s university and college students are being “brainwashed” into activism and radicalism.
Rain and rage

Rain and rage

The reclusive sun has been playing hide-and-seek behind storm clouds. For many days the rains poured relentlessly, drenching the city. It seemed that an endless waterfall was unleashed by the heavens, to wash away the smog, grime and decay.

Peso ends flat amid concerns

THE PESO ended flat against the dollar on Thursday even as risk-off sentiment overnight pushed the local currency weaker in morning trade.
PSE BGC board

PSE index plunges to worst finish for the year

THE MAIN INDEX tumbled to its lowest finish so far this year, dampened by the overall negativity across international markets due to the weakness of the global economy.

Filing of candidacies for midterm polls begins

REELECTIONIST Senator Aquilino Martin L. Pimentel III, singer-songwriter Freddie Aguilar, and former party-list congressman Neri J. Colmenares were among the early birds in the filing of certificates of candidacy (CoCs) that began on Thursday, Oct. 11, and is scheduled to end next Wednesday, Oct. 17.

Panelo named new spokesman

CHIEF PRESIDENTIAL Legal Counsel Salvador S. Panelo was appointed the new presidential spokesperson, according to Mr. Panelo himself and Special Assistant to the President Christopher Lawrence T. Go.
congress House of Representative

House to restore VP in line of succession in draft charter

THE HOUSE of Representatives on Wednesday recommitted the resolution, carrying its version of a draft Federal Constitution, to re-include the Vice-President in the presidential line of succession, a move backed by Speaker Gloria Macapagal-Arroyo.

US: No military exercise during Xi’s PHL visit

THERE is no scheduled military exercises between the United States (US) and the Philippines in November, the US Embassy clarified on Wednesday ahead of President Xi Jinping’s expected visit to Manila next month.

Bersamin, Peralta accept nomination for SC top post

SUPREME COURT (SC) Associate Justices Lucas P. Bersamin and Diosdado M. Peralta have formalized their bid for the position of chief justice by accepting their nominations.

Trillanes seeks reversal of arrest, HDO order; hearing set Oct. 12

SENATOR ANTONIO F. Trillanes IV has filed an appeal before the Makati City Regional Trial Court (RTC) Branch 150, seeking to set aside its Sept. 25 order for a warrant of arrest and Hold Departure Order against him.

Saturday market

Goods from at least 30 farmers and fishermen’s organizations around the country will be available, direct from the producers and at farm gate prices, here at the Taguig Lakeshore Hall in Lower Bicutan on Saturday, Oct. 13 as part of the Department of Agriculture’s (DA) roving TienDA Malasakit Store.

Trade chief assures no congestion problem at Manila port

TRADE AND Industry Secretary Ramon M. Lopez has assured the business sector that there is no problem of congestion at the Port of Manila after he met last Oct. 9 with Bureau of Customs (BoC) Commissioner Isidro S. Lapeña.

Oslob cuts down whale shark watching tourists to 800/day

STAKEHOLDERS IN Oslob town have agreed to reduce the number of daily tourists who can go whale shark watching to 800 from 1,000 as part of efforts to balance environmental protection with economic gains.

7.9 ha in Boracay set as agrarian reform area

EIGHT LOTS with a total area of 7.9640 hectares has been set as agrarian reform land in Boracay island and will be up for distribution.

2 Abu Sayyaf killed, 4 others nabbed in Sulu

TWO MEMBERS of the notorious Abu Sayyaf bandit group were killed early morning of Oct. 10 when they resisted arrest by a combined team of the police and Joint Task Force-Sulu, according to a report released yesterday by the military’s Western Mindanao Command (WesMinCom).

Another 6 BIFF members lay down arms after clan war settlement

SIX MEMBERS of the rebel group Bangsamoro Islamic Freedom Fighters (BIFF) laid down their arms following the settlement of a longstanding clan war in their community in Midconding village in Maguindanao.

Nation at a Glance — (10/12/18)

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

Beermen out to break 3-game losing streak

THE slumping San Miguel Beermen are out to break from a three-game losing streak in the Philippine Basketball Association Governors’ Cup when they face off with in-form Phoenix Fuel Masters in league action today at the Mall of Asia Arena.
National University Bulldogs

UAAP first round ends; NCAA: Knights vs Altas

AN EVENTFUL first round of the eliminations of Season 81 of the University Athletic Association of the Philippines comes to an end on Saturday, Oct. 13, with a double-header set at the Mall of Asia Arena.
Neil Etheridge

Azkals, Oman in international friendly this weekend

PART of its preparations for the AFF Suzuki Cup 2018 and AFC Asian Cup 2019, the Philippine national men’s football team will play Oman in a FIFA international friendly match on Oct. 13 in Doha, Qatar.
Justin Verlander

Astros’ Verlander, Red Sox’s Sale to pitch Game 1 of ALCS

NEW YORK -- Houston Astros ace Justin Verlander will face off against his Boston Red Sox counterpart, Chris Sale, when the two teams meet in Game 1 of the American League Championship Series (ALCS) on Saturday.
PH Chess team

Filipino chess players living up to billing at Asian Para Games

PINPOINTED as one of the sports that could provide the medals for the Philippines in the ongoing Asian Para Games in Indonesia, chess has delivered with Filipino wood pushers adding six hardware, including three gold medals, to date to the country’s total medal haul.
basketball clinic 1

US, Philippines enhancing diplomatic connection through basketball

LONG have a good diplomatic relationship, the United States and the Philippines are continuously finding ways to enhance such link, including through sports, particularly basketball.

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MPBL: Manila outguns erstwhile unbeaten Muntinlupa

MUNTINLUPA is unscathed no more. Manila brought it’s A-game Wednesday night and dealt the Angelis Resort-backed Cagers their first loss after going perfect for eight games, making the race to the top a lot more interesting.

Team Lakay’s Banario grabs grappling gold in two events

FORMER ONE Featherweight World Champion Honorio “The Rock” Banario (13-7) has been busying himself in grappling tilts, taking home three gold medals in two...

Not everyone involve in sport in favor of ESports in Olympic program

TOKYO -- The possibility of esports joining the Olympics program has gained traction in recent years but not everybody involved in the sport favors it.

In & out

Jimmy Butler finally joined the Timberwolves for practice yesterday, capping his absence from team activities at three weeks. Since he met head coach Tom Thibodeau and enunciated his desire to be traded last month, he moved -- and was granted permission -- to stay away. Needless to say, the hope was that a deal could be done soon. With the start of the season just around the corner, however, he had to allow for the possible perpetuation of the status quo.

How (and why) entrepreneurs should cash in on the coconut craze

Pure poison? Potential profit? Insights from the World Coconut Congress.
peso dollar bills

FDI net inflows more than double in July

NET INFLOWS of foreign direct investments (FDI) more than doubled in July, marked by strong inflows for both intercompany loans and equity capital, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
port of manila

August merchandise export growth fails to stem trade deficit

THE COUNTRY’s merchandise trade deficit lingered above the $3-billion mark for the fifth straight month this year in August as a pickup in export growth that month failed to offset a slower increase in imports, according to data the Philippine Statistics Authority (PSA) reported on Wednesday.

Philippine trade year-on-year performance (August 2018)

THE COUNTRY’s merchandise trade deficit lingered above the $3-billion mark for the fifth straight month this year in August as a pickup in export growth that month failed to offset a slower increase in imports, according to data the Philippine Statistics Authority (PSA) reported on Wednesday.

Singapore court ruling in favor of Maynilad’s claim vs gov’t final

THE DECISION of the Singapore High Court to uphold the arbitral award amounting to at least P3.4 billion in favor of Maynilad Water Services, Inc. has become final after the Philippine government no longer appealed the case.

McDonald’s PHL allots P3-billion capex for 2019

MCDONALD’S Philippines is increasing its capital expenditure (capex) to P3 billion for 2019, as it opens new stores and upgrades existing ones with self-paying kiosks.

Phase 1 of C5 South Link on track to open in March

THE government expects phase 1 of the C5 South Link Expressway to open by March, three months ahead of the June 2019 schedule.
Alfonso G. Cusi

Electric cooperatives slam Energy chief for backing Solar Para sa Bayan Corp.

ELECTRIC cooperatives have responded to the Energy secretary’s support for Solar Para sa Bayan Corp.’s bid for a nationwide microgrid franchise, in a bluntly worded statement that calls him out for being allegedly biased against them.