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Yearly Archives: 2019

Ideaspace launches opportunity fund for startups ready for scale

IdeaSpace, the largest and longest-running early-stage startup accelerator in the Philippines, launches a new Opportunity Fund that aims to provide financial support to Philippine...

Seven ways to AI-power your business

Artificial intelligence solutions for your corporate challenges

Philippine Premier League kicks off with double-header at RMS

THE Philippine Premier League finally kicks off today, April 27, with a pair of matches at the Rizal Memorial Stadium.
500 euro bank notes

Government readies euro bond sale

THE PHILIPPINES has hired banks to arrange investor meetings in Europe to drum up interest in its planned bond issue in euros, according to capital markets publication Refinitiv IFR.

Regional share in gross domestic product, 2018

THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average. Read the full story.
Floating cottages Sula Channel Bacacay

Bicol tops regions in economic growth

THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.
faucet waiver Manila Water

MWSS sees rebate from Manila Water penalty reflected as early as June bill

THE METROPOLITAN WATERWORKS and Sewerage System (MWSS) wants the P600-million portion of the penalty it imposed on Manila Water Co., Inc. to be applied on the next water source project of the water concessionaire, possibly the 80-million-liters-per-day (MLD) Calawis-Wawa dam in Rizal province.
power line NGCP

Energy dep’t assures power still sufficient even for elections

THE DEPARTMENT of Energy (DoE) has maintained that Luzon has sufficient power even on election day as fears persist about rotating brownouts after the grid operator issued a red alert notice on Thursday, running for four straight days after the Lenten break.

Ayala Land prices seven-year bonds at 6.369%

AYALA LAND, Inc. (ALI) has priced its P8-billion fixed rate bonds at a coupon rate of 6.369% per annum, a top official said Wednesday.

AC Education-iPeople to complete merger in May

THE Ayala and Yuchengcho groups will finalize the merger of their education units this May, after securing the final clearance from the Securities and Exchange Commission (SEC) yesterday.

GrabPay can now be used at SM Cinemas

GRAB Philippines said its mobile wallet arm GrabPay can now be used to pay for tickets at SM Cinemas as part of its continued expansion in the country.

Superheroes and a king may set movie records for Disney

LOS ANGELES — The final chapter in a decade-long superhero saga and the remake of a big-screen classic could topple box-office records during a summer movie season expected to be dominated by Walt Disney Co.

Melco Resorts PHL board approves reverse stock split

MELCO RESORTS and Entertainment (Philippines) Corp. (MRP) is reducing the number of shares in its authorized capital stock alongside the decrease in its shareholder size.

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Netflix, streaming services win Oscars cinema rule fight

IN A WIN for Netflix, Amazon, and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize.
Philip V. Tiongson

Influencers distrust means employees could be next wave of brand ambassadors

EMPLOYEES are being positioned as possible ambassadors for their companies’ brands, after a recent study found increasing interest from Filipino consumers in knowing about a company’s workings before patronizing its products and services.

ABS-CBN shifts focus to digital, broadband

MEDIA GIANT ABS-CBN Corp. said it will invest more to boost its digital business this year as the segment showed the fastest growth in 2018.

R. Kelly’s accuser wins judgment in suit singer failed to answer

A WOMAN who accused R. Kelly of sexual abuse has won a civil case by default against the singer, after he failed to respond to her lawsuit and was a no-show in court.

PHL won’t bar Chinese proposals for shipyard takeover

MANILA — All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.
chart old worker

Older workers helped fuel recent US growth. Can it last?

MILWAUKEE, WIS. -- As a record-breaking economic expansion nears the decade mark, people like Marty Groth may determine whether it is forced into a lower gear.

Superpsychocebu: God Bless This Trip

SUPERPSYCHOCEBU has been touted as the first Pinoy stoner film. It’s a wonder that it ever got made in a country with, notoriously, among the harshest penalties for marijuana possession and use. On the other hand, House Bill 180 on medical marijuana and the bill to revive the death penalty were passed practically together, one after the other. (The House approved the bill legalizing medical marijuana on Jan. 29 this year while the bill to resume capital punishment passed the House of Representatives in February 2017. Both stalled in the Senate. — Ed.)


THE FILM Badjao or The Sea Gypsies (1957) starts with an image of waves lapping onto shore, the divide between land and sea stretching diagonally across the screen. With his first frame Lamberto Avellana (collaborating with the great cinematographer Mike Accion) summarizes what the film will be all about: the tension between sand and surf, between people of differing loyalties, communities, ethnicities. A man standing beside a roof of dried palm raises his horn against a clouded sky and blows; cue the bombast (and lovely lilting melody) of Francisco Buencamino, Jr.’s theme music.
Scandinavian Airlines (SAS)

Airline SAS offers free rebooking of flights as pilot strike looms

STOCKHOLM -- Scandinavian airline SAS is offering travelers concerned about a possible strike by pilots the chance to reschedule flights for the April 26-29 period to another date free of charge.

BPI books higher Q1 net income

BANK OF THE Philippine Islands recorded higher net earnings in the first quarter of the year, propelled by robust net interest income growth.

Cebu Pacific says GetGo app server compromised

CEBU PACIFIC reported Thursday its GetGo application server was compromised Wednesday night, prompting the company to temporarily shut it down pending an investigation.

Petron’s Bataan refinery temporarily shut after quake

PETRON CORP. said on Thursday that its refinery in Limay, Bataan was forced to go into an emergency shutdown after the strong earthquake that jolted Central Luzon and Metro Manila on April 22.

Questions to ask when meeting a new boss

I will be laterally transferred as a manager to a new department reporting to a vice president in compliance with the company’s rightsizing plan. I’m excited about this new assignment and at the same time a bit edgy as I would like to start the work relationship right. My new boss is rumored in the organization as a no-nonsense guy who at times can be difficult to deal with. Could you please give me some ideas on how to handle my new boss? -- Feeling Nervous.

The need to own cars

WHENEVER I do my spiel about the product offerings of the Development Bank of the Philippines (DBP), I highlight our aversion to providing car loans. In jest, I say we do not want to add to the traffic problem, especially in urban cities. Clearly, car financing is a staple of the private banking sector and it does not make development and economic sense for DBP to put its hat in the circle, even if the numbers will indicate it is probably one of the more lucrative banking/finance segments.

Smart upgrades LTE network in Boracay

SMART Communications, Inc. said it has upgraded its long term evolution (LTE) network in Boracay in anticipation of tourists flocking to the island this summer.

Your Weekend Guide (April 26, 2019)

INSTITUTO CERVANTES celebrates the Día del Libro (International Book Day) at Makati’s Ayala Triangle on April 27.

How PSEi member stocks performed — April 25, 2019

Here’s a quick glance at how PSEi stocks fared on Thursday, April 25, 2019.
Beijing Belt and Road

PHL, China sign investment, drug rehab deals in Beijing

THE Philippines and China signed agreements Thursday on identifying priority investments and the rehabilitation of drug abusers, the President’s spokesperson said.
Teodoro L. Locsin, Jr.

New PHL-China deal on oil and gas seen unlikely — DFA

THE Philippines and China are unlikely to modify current agreements on oil and gas exploration in Beijing and will work to prevent joint projects from being affected by corruption, Foreign Affairs Secretary Teodoro L. Locsin, Jr. said Thursday.
hunger poverty

Hunger rate declines in three months to March — SWS

THE NUMBER of Filipino families experiencing “involuntary hunger” declined in March 2019 from late last year as measured by the Social Weather Survey, according to a report issued by the Social Weather Stations (SWS) polling organization Wednesday.
sugar cubes

USDA sees flat PHL sugar output amid threat of import liberalization

RAW sugar production in the Philippines during market year (MY) 2019-2020 is expected to be little changed with the current dry spell expected to affect the next crop year and planting intentions expected to be dampened by the possibility of liberalized sugar imports, the United States Department of Agriculture (USDA) said.
Chelsea Logistics logo

Chelsea releases timeline for Davao Airport project

DAVAO CITY -- Chelsea Logistics Holdings Corp. of the Udenna Group laid down the timeline for the awarding process for the Davao International Airport (DIA) rehabilitation contract, including a Swiss challenge to its unsolicited proposal later this year and contract signing by January.
Angat Dam

ADB says inflation tame, cites water, Clark rail as its PHL priorities

THE Asian Development Bank (ADB) said that monetary conditions are now more favorable with the taming of inflation, which pushed food prices higher in the Philippines in 2018, and added that support for key water projects and the Malolos-Clark railway are its priorities for the country in 2019.
BPO call center

Association says BPOs observed work safety rules during quake

THE Contact Center Association of the Philippines (CCAP) said its members complied with safety standards, and added that the safety of employees was not endangered after several earthquakes struck the Philippines.
Department of Finance (DoF)

DoF claims broad support from MSMEs for TRABAHO bill

THE Department of Finance (DoF) said 91% of micro, small and medium enterprises (MSMEs) indicated in a survey their full support for the passage of the second tranche of the tax reform law.
World Bank (WB)

World Bank expects price pressures to recede, more BSP policy flexibility

THE World Bank (WB) said Thursday that the Philippine central bank now has room to adjust its policy rates due to the receding risk of inflation, and added that it expects price pressures to decline gradually going forward.
ASEAN flags

Philippines presses for non-tariff barriers’ removal at ASEAN meeting

THE PHILIPPINES raised the need to review and eliminate trade-inhibiting non-tariff barriers (NTBs) at a recent meeting of Association of Southeast Asian Nation (ASEAN) ministers, the trade department said.
MORE tourism via PSA liberalization

MORE tourism via PSA liberalization

The Philippines’ tourism sector is among the more dynamic ones in the economy. The Department of Tourism (DoT) targeted 89.2 million domestic tourists in 2022 but this was already surpassed in 2017 with 97 million.
Jesus under a pink moon

Jesus under a pink moon

The Fallacy of relative privation (sometimes known as “appeal to worse problems”) is the tact of dismissing an argument or position by declaring there are graver or more important problems elsewhere. This statement is made regardless of whether those problems bear relevance to the actual argument or position first made.
Its Achilles’ heel

Its Achilles’ heel

Why the seeming change in the Duterte regime’s response to Chinese aggression in the West Philippine Sea? Is it because it fears that mass opposition to its refusal to do anything to stop Chinese bullying could affect the chances of its candidates at both the national and local levels on May 13?

National Heritage Month: 15 years

“Leaders for Heritage,” Mga Pinuno para sa Pamana, is the theme of National Heritage Month. The Filipino Heritage Festival, Inc. (FHFI) in partnership with the National Commission for Culture and the Arts (NCCA) presents the month-long cultural festival in various parts of the country.
Working for a brighter future in Asia

Working for a brighter future in Asia

WITH NEARLY two decades of strong economic growth, the world’s highest employment ratios and lowest unemployment rates, massive technological innovation, some say “Asia is the future” or even “The future is Asia.” But what will this future look like for the three billion Asians of working age (15+)?