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Monthly Archives: December 2018

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GOW Exchange looks to serve big PHL companies

NEW digital currency player GOW Exchange is setting its sights on serving big corporates as it enters the Philippine market, as it looks to disrupt traditional finance.
container port yard

Spoils of trade war: Argentina loads up on cheap US soybeans

BUENOS AIRES/CHICAGO -- A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the US Great Lakes to Argentina -- a journey that only makes economic sense because of the US-China trade war.

The Harajuku store that won’t let you bring clothes home

A BRAND-NEW store opened in Tokyo’s Harajuku fashion district on Friday, walls lined with clothes, shoes and handbags -- and with a twist: shoppers will walk away empty-handed.

Telco frequency redistribution policy expected by 1st quarter

THE Department of Information and Communications Technology (DICT) said it will be releasing by the first quarter of 2019 a new policy that would allow it to take back and redistribute radio frequency currently controlled by telecommunications companies, possibly opening the door for even more telecommunications companies.

SEC releases rules for ASEAN advisor pass

THE Securities and Exchange Commission (SEC) has released the proposed guidelines to implement the ASEAN Capital Markets Forum (ACMF) Pass, which seeks to allow the free movement of investment advisers within the Association of Southeast Asian Nations (ASEAN).
plastic bag ban

House bills seek to impose P10 tax on plastic bag use

TWO House bills seeking to impose an excise tax on the use of plastic bags were filed at the House of Representatives.
E-vehicle charging station

BIR to begin using DENR certification for e-vehicle tax

THE BUREAU of Internal Revenue (BIR) said that it will use a certification process used by the Department of Environment and Natural Resources (DENR) to determine whether electric vehicles qualify for tax exemptions.
New Clark City BCDA

Bill creating Central Luzon investment authority hurdles committees

A BILL creating a Regional Investment and Infrastructure Coordinating Hub (RICH) in central Luzon was approved by three House committees.

Senate resolution seeks more time to use maintenance, capital funds

A JOINT resolution has been filed in the Senate seeking to extend the availability of 2018 appropriations for maintenance and other operating expenses (MOOE) and capital outlays (CO) to another year.

Can the public sector spearhead digital transformation?

In the first part of this article, we recalled that both private and public sectors must take the business of digital transformation an utmost priority if the country is to achieve both local and regional economic success. In particular for the public sector, government must spearhead efforts to create a digitally-inclusive, technologically-capable nation. Otherwise, digital innovations will fall short of mainstream adoption. This idea was touched on during the ASEAN Outlook Conference 2018.
Good, not great

Good, not great

I am pleased to share with readers the executive summary of our quarterly economic outlook report for GlobalSource Partners (globalsourcepartners.com) written by Marie Christine Tang and me last Nov. 22, 2018. The second part of this column is a statement of the Foundation for Economic Freedom supporting TRAIN 3, on property valuation for taxation purposes issued Nov. 30, 2018.
A divorce settlement for Brexit

A divorce settlement for Brexit

When the no-frills, no-nonsense British Prime Minister Theresa May crossed to center-stage dancing, raised hands swaying to the languid swing of ABBA’s “Dancing Queen,” it all said something was terribly amiss. It was in October, at the Conservative Party’s conference. Despite the standing ovation (the only polite and “veddy-British” response expected) to the somewhat awkward dancing, the matter to be discussed by May at the conference was not as forgivably acceptable. She was standing for approval of her planned UK transition deal with the European Union (EU) through to the end of 2020, after the March 29, 2019 effectivity of the British withdrawal (Brexit) from the EU, as signified by the UK in June 2016.
The meek shall inherit the earth

The meek shall inherit the earth

IT is also said that the meek shall inherit the earth. By meek they don’t mean small and scared but someone who is kind, forgiving and most of all humble. I respect this value and one incident in my life has made it a permanent part of my life.
Forest and trees

Forest and trees

THE bias for action is critical when dealing with consultants, especially those coming from academe or who have had many clients in one category. While these gurus can mesmerize a seminar crowd, or a board committee with their road map to the future (evolve or die), they seldom bother with how to move their clients from Point A to Point F. They may dismiss such humdrum exertions as operational issues.

Sara Duterte’s party, PRP to join forces

THE PEOPLE’S REFORM Party (PRP) of the late senator Miriam Defensor-Santiago is set to forge an alliance with presidential daughter and Davao City Mayor Sara Z. Duterte-Carpio’s regional party Hugpong ng Pagbabago (HNP) on Monday, Dec. 3.
Davao business district skyline

2 upcoming Davao convention centers to boost MICE sector

DAVAO CITY -- The opening of two new convention centers within the next three years will establish the city as a major meetings, incentives, conferences and events (MICE) destination, government and business officials said.

4 convicted for 23 counts of estafa

A QUEZON City court has convicted four people out of 20 involved in an investment scam in 2002.

Dengue cases up in Cebu cities, Bohol

REGIONAL health authorities have issued an alert to community anti-dengue brigades to step up measures in combating mosquito population as dengue cases have been on the rise.

Military intensifies operations vs NPA in ComVal after attack on banana trucks

THE MILITARY has intensified its operations against the New People’s Army (NPA) in Compostela Valley (ComVal) province following last week’s attack on two trucks of Sumifru (Philippines) Corp.

Nationwide round-up

AFTER A 17.39% drop in reported crimes in the first half of the year, the Philippine National Police (PNP) attributed the slight increase of common crime victims in the third quarter to the approaching holiday season.
Ateneo Blue Eagles v UP Fighting Maroons

No letting up for Eagles after Game One victory

DRAWING first blood in their blockbuster best-of-three University Athletic Association of the Philippines Season 81 finals series, the Ateneo Blue Eagles are not keen on letting up and looking forward to closing out the University of the Philippines Fighting Maroons in Game Two later this week.
Gilas Pilipinas

PHL Gilas seeks to salvage win in qualifier home stand

HAD its FIBA World Cup Asian Qualifier bid dealt a big blow last time around, the Philippine men’s national basketball team looks to bounce back in its fifth-window home stand today at the Mall of Asia Arena in Pasay City against Iran.
2018 AFF Suzuki Cup logo

Azkals bow to Vietnam, 2-1, in first leg of their Suzuki Cup semis

THE Philippine men’s national football team has to go through the eye of the needle to reach the final of the 2018 AFF Suzuki Cup after it fell to Vietnam, 2-1, in the first leg of their semifinals at the Panaad Park and Football Stadium in Bacolod City on Sunday.
Mark Barriga

Mark Barriga falls short in title quest with split decision loss to Licona

FILIPINO boxer Mark Barriga fell in his quest to become the next world champion from the Philippines after being edged out by Mexican Carlos Licona by split decision in their International Boxing Federation minimum weight world title clash at the Staples Center in Los Angeles on Sunday (Manila time).
PH wrestling

Philippine Go For Gold wrestling team begins yearlong preparation for 2019 SEA Games

BEFORE the year ends, the Philippine Go For Gold wrestling team will go to a much-needed international trip in an effort to win more gold medals in the 2019 Southeast Asian Games.
Stephen Curry

Pistons dump Warriors in Curry’s return to action; Celtics defeat T-Wolves

LOS ANGELES -- Andre Drummond tipped in Detroit misses on consecutive possessions in the third quarter Saturday night to stall a Golden State Warriors comeback, and the host Pistons eased away in the fourth period for a 111-102 victory over the two-time defending champions in Stephen Curry’s return to action.

Billiards, snooker cue up for 2024 Games inclusion

PARIS -- Billiards and snooker continued their bid to get included in the 2024 Olympic Games in Paris with an exhibition to showcase their sports at the Eiffel Tower on Friday.

…but Olympic boxing out?

LONDON -- The International Olympic Committee said on Friday it has stopped planning for the boxing tournament at Tokyo 2020 and launched an investigation into its governing body the International Boxing Association (AIBA).

Getting better

Enes Kanter has never been known for his defense. In fact, any mention of him regarding his work on the aforesaid end of the court would invariably concern his glaring lack thereof. Still, let it not be said he isn’t trying; he is, hard, and to the point where, over the last two years, advanced metrics have painted him to be a wash at the slot. No doubt, it’s a reflection of his increased importance to the Knicks. Whereas he used to be counted on as an offensive spark plus during his days with the Oklahoma City Thunder, he’s now required to start games.

Shares likely to rise on seasonal spending surge

SHARES are seen to rise in the week ahead as the seasonal consumer spending uptick kicks in, alongside expectations of slower inflation for November.