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Daily Archives: January 2, 2019 | 10:45 pm

wet market

Inflation could drop below 4% by Q2 — ING

DECEMBER inflation likely slid further, with ING Bank expecting the rate to drop below 4% by the second quarter, allowing the central bank to undo last year’s rate hikes.
Benjamin E. Diokno

House committee to start probe into DBM, Sorsogon contracts

THE House Rules Committee will start on Thursday its investigation into the Department of Budget and Management (DBM) in relation to the award of certain infrastructure contracts in Sorsogon.
Alsons Sarangani power plant

Mindanao power supply adequate for expected investments — Alsons

DEMAND for power in Mindanao has grown significantly in the past five to six years, with the current power reserves considered adequate to support new investment in the main southern island, an official with Alsons Consolidated Resources, Inc. said.
2011 flood Bangkok

Southeast Asian cities vulnerable to floods, higher sea levels — OECD

FOUR major Southeast Asian cities are at risk for an expected rise in sea levels amid their current inability to manage flooding, the Organization for Economic Cooperation and Development (OECD) said.
cavitex road

CAVITEx sees traffic growing 5%-6% in 2019

THE CONCESSION holder of the Manila-Cavite Expressway (CAVITEx) said it is expecting use of the toll road to grow 5-6% this year with the opening of Phase 1 of an enhancement program in Parañaque City.
Court of Tax Appeals

CTA en banc rejects BIR, Customs bid to reverse Air Philippines refund

THE Court of Tax Appeals (CTA) upheld a P74.5-million tax refund granted to Air Philippines Corp. (APC), now known as PAL Express, on taxes paid on imports of aviation fuel between March and October 2008.

Data science skills seen critical to future-proofing jobs — DoLE

THE labor department said equipping workers with data sciences and analytics (DSA) skills will be a good way of preparing enterprises for eventual automation, according to the findings of the JobsFit 2022 report prepared by one of its agencies.
plastic waste trash

Bill banning single-use plastics filed

A BILL calling for the phase-out of single-use plastic products has been filed at the House of Representatives.

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After the holidays: Some FX guidance for your travels back home

The Christmas and New Year holidays are over! Just when you become comfortable with a daily schedule of wake up-eat-do nothing-sleep, reality returns and it’s always a struggle to get back to your old routine.

PNP forms task group to go after mall bombers

THE Police Regional Office (PRO) in SOCCSKSARGEN (South Cotabato-Cotabato-Sultan Kudarat-Sarangani-General Santos City) has activated special investigation task group (SITG) South Seas to track down the perpetrators of the Dec. 31 bombing at a shopping mall in Cotabato City.

Palace: Duterte just testing Catholic Church doctrine of Holy Trinity

MALACAÑANG clarified President Rodrigo R. Duterte’s recent remarks describing the Catholic Church’s teachings on the Holy Trinity as “silly,” saying that the President was merely putting “to a test” their validity.
Bureau of Immigration (BI) logo

Registered foreigners advised to report to BI

THE Bureau of Immigration (BI) reminds all foreigners registered under the bureau to go to the immigration office nearest them starting this January until March 1 for their annual reporting to the bureau.
Maligaya-Caramoan Road Camarines Sur

Typhoon Usman death toll reaches 85

THE DEATH toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities. The casualties, including young children, were mostly killed when their homes collapsed in landslides after days of heavy rain in several provinces in the central Philippines, said Ricardo B. Jalad, executive director of the National Disaster Risk Reduction and Management Council (NDRRMC). “If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Mr. Jalad said. The tropical depression named Usman, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides and flooding in the Bicol and Eastern Visayas regions.
Davao City Business Bureau

Davao Business Bureau expects over 39,000 permit renewals

THE DAVAO City Business Bureau is expecting more than 39,000 business permit renewals this year, with processing to start Thursday, Jan. 3.
Torotot Festival Davao City

Davao City marks 17th year of zero firecracker-related incident

THE DAVAO City Police Office (DCPO) city recorded zero firecracker-related incident during the 2018 Christmas and New Year’s eve celebrations, marking 17 years of the strict observance of the ban on firecrackers and other pyrotechnic devices.
crime scene

NCR police reports lower crime rate in the capital

THE NATIONAL Capital Region Police Office (NCRPO) reported a decline in crime volume in Metro Manila in 2018.
peso bills

Peso climbs on US-China news

THE PESO strengthened against the dollar on Wednesday driven by political and economic developments abroad.

Shares end higher in thin trade on inflation bets

SHARES FIRMED up on the first trading day of the year amid thin volume, as investors looked ahead to the release of likely slower inflation data for December.

School leadership and bullying

A few days before Christmas, I, like many others, was shocked to see Facebook videos purportedly showing an Ateneo high school student using his martial arts skill to assault and humiliate a schoolmate inside a restroom. The videos were disturbing not only because of the humiliation and physical harm inflicted on the victim, but more so because of the way the young man appeared to take pride in bullying his schoolmate not only in plain sight of others but also on video.

Old hasn’t gone out of style

We have started a new year, an election year at that, but it doesn’t seem like “out with the old, in with the new” applies. For the senatorial election, that is. Checking the latest survey list, and I have checked it twice and have my own opinion on who has been naughty and who has been nice, I see mostly “old” names in the lead, and “new” names trailing behind.
new year

The New Year could mark the beginning of a new(ish) century

SO how was it for you? Depending on your location and source of commentary, the year just gone was terrible, tumultuous, hugely eventful or (for the odd cheery contrarian) another small stepping stone on the long path of human progress.

Attached and dangling

REPORTERS and political analysts have foisted on us a now accepted linguistic option to be let loose on categories of potential candidates aspiring for an elective post. They have attached the suffix “-able” to every elective position imaginable. This verbal shorthand was originally limited to the highest position, with aspirants whether declared or not, being referred to as “presidentiables,” a word sure to prompt our computer spell-check to underline with its disapproving jagged red line, offering “presidential” instead. (Was this what you meant?)
JP Erram

JP Erram excited over new PBA journey with Warriors

SET to parlay his wares with the NLEX Road Warriors when a new season of the Philippine Basketball Association rolls off later this month, big man JP Erram said he is excited and looking forward to the latest turn in his burgeoning career.
Butch Ramirez

PSC vows commitment to successful SEA Games hosting

WITH less than a year before the country’s hosting of the 30th Southeast Asian Games, local sports officials and offices are now busy getting the ball rolling in preparation.
LeBron James 1

James to miss fourth straight game but making progress

LOS ANGELES -- Los Angeles Lakers forward LeBron James will miss his fourth consecutive game on Wednesday, but he made some strides Tuesday in his recovery from a left groin injury.
Kawhi Leonard

Leonard’s 45-point night lifts Raptors past Jazz; Blazers beat Kings

LOS ANGELES -- Kawhi Leonard scored a career-best 45 points -- including 19 in the third quarter -- and gathered six rebounds to help the Toronto Raptors defeat the visiting Utah Jazz 122-116 Tuesday night.
Daniil Dubov

Dubov is World Rapid Chess champion

GRANDMASTER (GM) Daniil Dmitrievich Dubov (born April 18, 1996 in Moscow) won the $60,000 first prize (approximately P3.15 million at the World Rapid Chess Championship by posting a score of 11/15 with seven wins, eight draws and no losses.
LeBron James 2

Lakers to LeBron

“We are not just one player,” second-year forward Kyle Kuzma declared in the aftermath of the Lakers’ victory over the weekend. It was a significant development, to be sure, and not simply because they prevailed against the very Kings who tormented them just three days earlier with an emphatic comeback. Consider: It marked the first time in three tries that they won without top dog LeBron James in the lineup, as good an indication as any of their growth. It’s especially noteworthy in light of the fact that his teams hadn’t triumphed in the last 16 matches he missed.

Investor caution greets new year

VOLATILITY that rocked the bourse in 2018 will likely persist this year, as the trade war between the world’s two biggest economies and fears of a recession in the United States continue to make investors skittish.

Analysts’ December inflation rate estimates (2018)

INFLATION likely eased further in December as fuel and food costs continued to ease, analysts said in a BusinessWorld poll, even as some flagged that a spike in demand during Christmas may have buoyed prices.
sari-sari store

Poll bares outlook of slower Dec. inflation

INFLATION likely eased further in December as fuel and food costs continued to ease, analysts said in a BusinessWorld poll, even as some flagged that a spike in demand during Christmas may have buoyed prices.
BIR regional office

Tax bureau moves to address businesses’ VAT concerns

THE 90-DAY deadline for processing value-added tax (VAT) refund claims now covers the actual payment of the amount, the Bureau of Internal Revenue (BIR) said.
Quezon City hall

Quezon City kicks off 2019 with tax relief

THE QUEZON CITY government kicked off the new year by announcing relief for real property and business tax payers.
PCC logo

PCC leniency program rules take effect this month

THE Philippine Competition Commission’s (PCC) rules on its leniency program will take effect later this month, after the final version was published last week.

Fruitas eyes P2-B IPO by late 2019

FRUITAS Holdings, Inc. (FHI) plans to push through with its P2-billion initial public offering (IPO) by the second half of 2019 to finance its aggressive store expansion.

Strong demand for condos, worker dorms seen this year

YOUNG professionals and employees of offshore gaming companies are expected to continue fueling the robust demand for residential condominiums and dormitories this year.

Trina Solar mulls foray into minigrid business in PHL

TRINA Solar Energy Development Pte. Ltd. is looking at entering the minigrid business in the country and has tapped the services of lawyers to study the details of a regulation being drafted by government agencies covering the so-called “distributed power.”

Aboitiz property unit plans to launch projects in Pampanga, Davao

ABOITIZLAND, Inc. is expanding its mid-market residential brand Ajoya in Pampanga and Davao City next year.

After the holidays, some art to cleanse one’s palate

WHILE THE recent holiday nearly bankrupted us as we splurged on gifts and food and travel abroad, let’s usher in the New Year with new experiences that don’t break the bank — unless you buy a piece of good art (which is an investment!). Here is a list of some of the galleries in the metro that offer good Filipino art — and entrance is free (or very nearly).

PDS Group may raise listing target

THE PDS Group will be re-evaluating its listing target for 2019, possibly adjusting upwards the previously set P200 billion, a company official said.

BSP trims term deposit auction volume to P30B

THE CENTRAL BANK has slashed the amount of term deposits it will auction off this week to the lowest level in over two years due to weaker demand from banks just before the holiday season wraps up.

A very full theatrical calendar

LAST YEAR’s theater scene was lively and jampacked. This year is shaping up to be just the same, if not more.
Court of Tax Appeals

CTA denies BIR appeal over Fortune Tobacco’s P2.6-B case

THE Court of Tax Appeals (CTA) denied the Bureau of Internal Revenue’s (BIR) appeal to set aside an earlier ruling that cancelled a P2.6-billion tax deficiency assessment against Fortune Tobacco Corp. (FTC).

Robinsons Bank looking to tap peso fixed-rate bonds to raise fresh funds

ROBINSONS BANK Corp. said it is considering offering fixed-rate peso bonds following the central bank’s relaxed regulations on lenders’ fund raising.

Fight masterpiece fatigue with 2019’s thrilling new art exhibits

FOR CULTURE vultures, 2019 will hold a dazzling array of museum exhibitions. From London to Los Angeles and Brooklyn to Basel, there are thoughtful, sweeping, and often provocative shows to look forward to.