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Monthly Archives: December 2018

Traditional art, social media smarts: Marius Black’s hopeful, woodblock Manila

How social media changed the game for this traditional artist.
supermarket inflation

Inflation likely eased in December — BSP

INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.

Gov’t sets P360-B borrowing program for Q1

THE government is looking to borrow P360 billion during the first three months of 2019 through a mix of short and long-term papers, a third bigger than the amount programmed the previous quarter.

Japan still Philippines’ top ODA partner

JAPAN remains the biggest source of foreign funding for the Philippines, the National Economic and Development Authority (NEDA) said on Friday, accounting for nearly half the loan portfolio.

Duterte’s net satisfaction remains “very good” in 4th quarter — SWS poll

THE NET satisfaction rating of President Rodrigo R. Duterte remained “very good” in the fourth quarter, according to the latest Social Weather Stations (SWS) survey released on Friday.
Gloria Macapagal-Arroyo

Arroyo acquitted of 2007 poll sabotage charges

A PASAY regional trial court (RTC) cleared former President and current House Speaker Gloria Macapagal-Arroyo of charges of electoral sabotage during the 2007 senatorial elections.

Napoles appeals plunder conviction

BUSINESSWOMAN Janet L. Napoles on Friday appealed her conviction for plunder in connection with the Priority Development Assistance Fund (PDAF) scam.

Review of US-PHL defense treaty not influenced by other countries

REVIEWING the Mutual Defense Treaty (MDT) between the Philippines and the United States is not influenced by the interest of other countries, Defense Secretary Delfin N. Lorenzana said on Friday.

Comelec inks MoA with AFP, PNP

THE Commission on Elections (Comelec) signed a Memorandum of Agreement (MoA) with the Armed Forces of the Philippines (AFP) and the Philippine National Police (AFP) to ensure that the upcoming plebiscite for the Bangsamoro Organic Law (BOL) Ratification will be peaceful.

DTI to investigate surge in ceramic floor, wall tiles imports

THE Department of Trade and Industry (DTI) will conduct a preliminary investigation on the surge in imports of ceramic floor and wall tiles after domestic manufacturers said these excessive shipments are hurting the local market.

Initial rollout of National Cyber Intelligence Platform seen next month

THE INITIAL STAGES of the National Cyber Intelligence Platform (NICP) are expected to be launched this January, according to an advisor of the Department of Information and Communications Technology (DICT).
Department of Energy (DoE)

DoE monitoring oil firms’ compliance with excise tax implementation

THE Department of Energy (DoE) is monitoring oil firms to ensure the second round of excise taxes for petroleum slated for 2019 will only be imposed on new inventory.

LT Group to restart Asian Alcohol operations

LT Group, Inc. (LTG) plans to revive the operations of its unit Asian Alcohol Corp., around eight years after the distillery temporarily halted its operations.

Semirara’s Victor Consunji passes away

SEMIRARA Mining and Power Corp. (SMPC) President and Chief Operating Officer Victor A. Consunji has passed away on Dec. 27, Thursday. He was 68 years old.

MPIC unit obtains P19-B loan for Cebu-Cordova bridge

A TOLLWAYS subsidiary of the Metro Pacific group sealed another loan deal this month to fund the construction of its bridge project in Cebu City.

Maynilad gets ISO certification for business continuity

MAYNILAD Water Services, Inc., the private concessionaire for Metro Manila’s west zone, said it was given an International Organization for Standardization (ISO) certification in Business Continuity Management Systems (BCMS).

Peso ends 2018 stronger vs dollar but posts year-on-year plunge

THE PESO strengthened further on Friday, paring losses in the last trading day of 2018 due to weaker economic data in the United States that kept the dollar on a losing streak.
PSE bells

PSE index slips on profit taking

THE local bourse tanked on the last trading day of 2018, failing to hold on to early morning gains as investors chose to take profits amid year-end window dressing.

From the Front Page: Strong lending, widening gap

Your weekly recap of BusinessWorld news.

Have yourself a merry, safe online shopping experience

Think before you click: keep your financial credentials safe during holiday shopping.
Calungbuyan Bridge

Fiscal gap closes in on 2018 program

THE NATIONAL GOVERNMENT’s fiscal deficit grew more than fourfold in November as expenditure growth continued to outpace revenue increase, driving the year-to-date gap closer to 2018’s full-year program, the Bureau of the Treasury reported on Thursday.

National government fiscal performance (November 2018)

THE NATIONAL GOVERNMENT’s fiscal deficit grew more than fourfold in November as expenditure growth continued to outpace revenue increase, driving the year-to-date gap closer...
airport security

US agency flags NAIA security deficiencies

THE UNITED STATES Department of Homeland Security (DHS) has issued a travel advisory for the Philippines, citing insufficient security at Ninoy Aquino International Airport (NAIA).
corporate bell

Corporate bond issuance may hit $3.8B in 2019

PHILIPPINE COMPANIES are expected to raise around P 200 billion ($3.8 billion) through bond issues next year to fund expansion plans and debt payments, the country’s bond market operator said on Thursday.
Oasis in the desert 1

Oasis in the desert

If you tell a fellow Filipino that you are flying to Abu Dhabi, the assumption is almost always that you are going to start working there. And you can’t fault them because as you wait to board the plane for your Abu Dhabi trip, you’d notice that you are surrounded by mothers on the phone, saying their last minute goodbyes to their children. “Mag-behave ka habang wala si mama, ha? I love you, anak [Behave while mom is away, okay? I love you],” implying that they will be gone to work abroad for a long time.
rice grocery

Moody’s Analytics expects inflation to have slowed further in December

INFLATION likely slowed sharply in December to a six-month low, in line with official expectations that overall price increases of basic goods will return to below four percent in 2019, according to a Moody’s Analytics economist.

PAL, Cebu Pacific planning new routes amid fleet expansion

PHILIPPINE AIRLINES (PAL) and Cebu Pacific are looking to launch new routes next year as both airlines expand their fleet.

Phoenix Petroleum plans more fund-raising activities in 1st half

PHOENIX PETROLEUM Philippines, Inc. is looking to raise P5 billion by the first half of next year apart from the remaining P3 billion in short-term commercial papers that it is considering to issue around the same period, company officials said on Thursday.

Bites off more than it can chew

JOEL LAMANGAN’s Rainbow’s Sunset is a convoluted story of a rich troubled clan, whose main conflict revolves around the family members’ having to deal with grandfather Ramon (played by Eddie Garcia), who comes out as gay and wants to live with his best friend and lover Fredo (Tony Mabesa) who is dying from cancer. But Ramon’s outing himself at the age of 84 (“It’s already 2018!”) should be the least of this family’s — and the audience’s — concerns because Rainbow Sunset doesn’t only feature a conflicted clan, but its storyline is problematic too.

Labor dep’t study sees IT-BPM as key jobs generator until 2022

THE labor department said the Information Technology and Business Process Management (IT-BPM) will remain the Philippines’ top job generator until 2022.
Manila Water logo

Manila Water gets contract for Calbayog City

MANILA WATER Co., Inc. said on Thursday that it had received the notice of award from the Calbayog City Water District (CCWD) to manage the area’s water and wastewater systems under a 25-year contract.

Child still believes in Santa after Trump’s ‘marginal’ quip

WASHINGTON — President Donald Trump set off a Christmas social media storm when he questioned whether a seven-year-old was too long in the tooth to believe in Santa Claus.
job applicant japan

In Japan, a scramble for new workers disrupts traditional hiring

TOKYO -- It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment.

Okada asks DoJ to reconsider estafa case

EMBATTLED JAPANESE gaming tycoon Kazuo Okada seeks to overturn the Department of Justice (DoJ)’s resolution indicting him and a former associate of estafa, questioning the department’s supposedly erroneous findings on the case filed by Tiger Resort, Leisure and Entertainment, Inc. (TRLEI).

Lacking a beating heart

1” is a concept in Filipino romance that’s undefinable in other languages. We could describe it in parts: the giddiness; the rush when you feel a frisson of emotion for your beloved. Could you call “kilig” butterflies in your stomach? In any case, it won’t matter for this review, because I felt no such thing while watching One Great Love, which to me lacks a beating heart.
students teachers TESDA

TESDA to survey companies on response to greater automation

THE Technical Education and Skills Authority (TESDA) is preparing for greater automation in the workplace by conducting an inventory of employers next year to survey how extensively they have adopted new processes.

Demand for term deposits drops

DEMAND for term deposits thinned this week, with the Bangko Sentral ng Pilipinas (BSP) even rejecting some offers as banks asked for higher yields than usual.
San Miguel

San Miguel vows to clean up Bulacan coastal areas

DIVERSIFIED conglomerate San Miguel Corp. (SMC) plans to revive some 12,000 hectares of coastal fishing areas in Bulacan, to ensure the sustainability of the area where the company will build its proposed airport project.
computer online

Online hiring rises 23% in Nov. — Monster

MONSTER.COM said online hiring activity rose 23% year-on-year in November led by the retail industry.

When Eat Bulaga! meets Ang Probinsyano

WHEN THE hosts and one of the directors of the longest-running afternoon variety show on television, and actors from the action TV remake based on a Fernando Poe, Jr. film team up on the big screen, the audience gets a little bit of everything.

And the rest is…

THE FILM BEGINS with the sound of cicadas rhythmically whirring over a black background. The sound cuts out, the film title (simple white letters) flashes on-screen. Cut to a vision of hell: a guard shrouded in steam stands beside a wood shelf containing severed heads. We are at the volcanic springs of Unzen, near Nagasaki, where friars are strung up on crosses and longhandled ladles with holes sprinkle boiling hot water on them, delicately poaching their skin. (Today of course the springs are a popular vacation resort).

Happy New Year!

HEADLINING the Eastwood Quezon City New Year Countdown to 2019 are December Avenue, Ben and Ben, Moira, Karylle, and Bamboo.

Cashalo on track to reaching 1M customers by end-June as it boosts presence

MOBILE LENDING platform Cashalo is on track to hitting a million customers by the first half of 2019 as it plans to tie up with more retail stores.

PXP Energy, Uy’s Dennison to close deal by March

PXP ENERGY Corp. said on Thursday that it had advanced the date for Dennison Holdings Corp. to subscribe to the listed firm’s shares at a total price of P4.029 billion, amending the terms they had agreed on about two months ago.

We are family, I got all my sisters with me

NO sisterhood is ever perfect, but Mary, Marry Me makes it look so fun. I guess that’s how I would describe the rest of Mary, Marry Me: imperfect, but at least a good romp.