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Daily Archives: January 3, 2019 | 11:58 pm



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PNP tags Daraga mayor in Batocabe’s murder

THE PHILIPPINE National Police (PNP) has tagged Daraga, Albay, Mayor Carlwyn Baldo as the mastermind behind the Dec. 22, 2018 killing of Ako Bicol Representative Rodel M. Batocabe.

Duterte off to Bicol to visit typhoon victims

PRESIDENT RODRIGO R. Duterte is scheduled to visit on Friday some areas in the Bicol region that were devastated by heavy rains and landslides brought about by Typhoon Usman.
National Economic and Development Authority (NEDA)

NEDA investigating complaint of sexual harassment vs official

THE NATIONAL Economic and Development Authority (NEDA) said it is investigating a sexual harassment complaint against an official of the agency.

Preparations on for localized peace strategy rollout

MEETINGS ARE now ongoing for the operationalization of the localized peace process strategy, which will focus not just on ending the communist armed struggle but building “conflict-resilient” communities.
business permit renewal

Local governments extend work hours as permit renewal season starts

AS THE period for business permit renewals kick off, city governments in the capital set up one-stop shops and implement extended work hours to accommodate applicants, which are mostly small and medium-sized enterprises.
search operation typhoon Usman

Typhoon fatalities, missing, damage continue to rise

THE NUMBER of both fatalities and missing due mainly to landslides triggered by typhoon Usman continues to climb, with the latest count at 122 dead and 28 unaccounted for, based on the 12 noon, Jan. 3 report of the National Disaster Risk Reduction and Management Council (NDRRMC).
Dinagyang Festival

Bigger Dinagyang venue ready in time for festival, mayor assures

ILOILO City Mayor Jose S. Espinosa III has given assurance that the new Freedom Grandstand will be ready for use for the 2019 Dinagyang Festival on Jan. 25-27.
Gwendolyn F. Garcia

Rep. Garcia files charges vs Cebu officials

TOP provincial officials of Cebu, including Governor Hilario P. Davide III and Vice Governor Agnes A. Magpale, are facing criminal and administrative charges for alleged illegal appointments.
inspection checkpoint

Gov’t says Cotabato City blast an ‘isolated case’ in Mindanao

MALACAÑANG on Thursday maintained that traveling to Mindanao is safe amid warnings issued by the United Kingdom (UK) and Australia to its citizens.

Widow of murdered aide of ex-solon seeks forensic inquiry

THE widow of the murdered aide of former Biliran representative Glenn Chong has asked the Department of Justice (DoJ) to conduct a separate forensic examination.
Trump and Bolsonaro vs Xi and Duterte

Trump and Bolsonaro vs Xi and Duterte

“I stand before the whole nation on a day when people begin to free themselves from socialism, from the inversion of values, from state gigantism and from the politically correct.” -- Jair Bolsonaro, Brazil, President Inauguration Speech, Jan. 2, 2019
That was 2018

That was 2018

When historians recall in their books a hundred years from now what the year 2018 was like, they won’t be focused on the six-month shutdown of Boracay or the number of “credible” aspirants for various local posts in the 2019 elections compared to “nuisance” candidates.
To sue or not to sue

To sue or not to sue

IF the only permanent thing is change, then conflict is also permanent as all change involves conflict.
Social mergers and acquisitions

Social mergers and acquisitions

IN corporate mergers and acquisitions, “due diligence” is a must. It is a process that determines the value of a company. Aside from the usual financial analysis based on accessible data, there is the search for hidden risks like litigation, assets that are overvalued or booked items being occupied by the sellers of the company, like the family home. Accountants, lawyers, credit rating agencies, banks, and auditors together arrive at a valuation that determines the real worth of the company. This due diligence does not include that unquantifiable entry simply called “goodwill,” which the seller adds without any supporting data -- the brand equity is priceless.
Philippine Azkals

Mountain to climb for PHL Azkals at Asian Cup

THE groundbreaking campaign of the Philippine men’s national football team at the AFC Asian Cup officially begins on Jan. 7; a proud moment for the country’s football program but something that presents an uphill battle, one local football analyst said.
Jimmy Alapag

Alapag joins San Miguel Beermen coaching staff

THE San Miguel Beermen further fortified their preparation for the next Philippine Basketball Association season with the naming of PBA legend Jimmy Alapag as one of their assistant coaches.

New golf rules to be tournament tested in PGA Tour in Hawaii today

LOS ANGELES -- A new year kicks off on the PGA Tour in Hawaii on Thursday at a tournament where the rules might get as much attention as the leaderboard.
Christian Pulisic

Pulisic joins Chelsea as most expensive American player

LONDON -- Chelsea confirmed the signing of US international winger Christian Pulisic from Borussia Dortmund on Wednesday, making the 20-year-old the most expensive American soccer player in history.
Gordon Hayward

Hayward explodes for 35 as Celtics beat Wolves

LOS ANGELES -- Boston’s Gordon Hayward scored a season-high 35 points, and Terry Rozier got the start for an injured Kyrie Irving and scored 16 points on Wednesday to lead the Celtics to a 115-102 home win over the Minnesota Timberwolves.

Rafa Nadal pulls out of Brisbane International with thigh problem

SYDNEY -- Rafa Nadal has pulled out of this week’s Brisbane International due to a minor thigh strain, but the Spaniard is hopeful that he can shake off the problem in time for the Australian Open later this month.

FIFA should expand 2022 World Cup to 48 teams if possible — Gianni Infantino

DUBAI -- FIFA should if possible increase the size of the soccer World Cup in Qatar in 2022 to 48 from 32 teams, the global governing body’s president Gianni Infantino said.

Greatest

LeBron James does not have a filter. He says what’s on his mind, a reflection as much of his intelligence and knowledge of the topics he chooses to dissect as of his confidence in his words. He’s not always right, of course; no one is. Nonetheless, his capacity to speak his mind and willingness -- desire, even -- to be challenged informs his actions. He dares all and sundry to prove him wrong, and, in their subsequent failure, basks in the validation it brings. Meanwhile, he uses their doubts as fuel for his fire; in his relentless pursuit of excellence and, by extension, approbation, he first courts criticism.
peso bills DBM

Peso drops on slowdown fears

THE PESO declined against the dollar yesterday amid risk aversion as investors priced in a possible global economic slowdown.
PSE

PSEi soars on positive sentiment ahead of data

LOCAL STOCKS surged on Thursday as investors continued to buy shares in anticipation of better inflation figures for December.

Philippines named overall champion at WESG Southeast Asia 2018

Filipinos continue to make waves in the global electronic sports (eSports) scene as the Philippines was hailed as overall champion at the World Electronic...
car automobile assembly line

Factory business growth slows in Dec.

FACTORY ACTIVITY in the Philippines improved in December at the slowest pace in three months on milder output and order growth, though overall input cost hike “eased noticeably,” according to the latest survey IHS Markit conducted for Nikkei, Inc.
Senate of the Philippines

Senate to discuss fate of tax reforms, other priorities on Jan. 14

THE SENATE will discuss the fate of at least the second tax reform package, the proposed 2019 national budget and of other priorities in a caucus when 17th Congress lawmakers return to work on Jan. 14, the head of the chamber said on Wednesday.
poverty

WB cites cash transfer program’s weaknesses

ALTHOUGH the government’s conditional cash transfer (CCT) program has exceeded some of its objectives, the World Bank cited as a concern a reduction in number of families covered and missed targets in other metrics, as well as inefficient distribution channels.
oil search galoc

Oversupply, faltering growth to weigh on oil prices

BENGALURU -- Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production -- much of it from the United States -- and slowing economic growth undermine OPEC-led efforts to shore up the market, according to results of a Reuters poll released earlier this week.

ASEAN Manufacturing Purchasing Manager’s Index, December

FACTORY ACTIVITY in the Philippines improved in December at the slowest pace in three months on milder output and order growth, though overall input...
Hotel 101

DoubleDragon aims to generate over P10-B revenues this year

DOUBLEDRAGON Properties Corp. looks to generate a total of P10.52 billion in rental income and sales from its malls, office, warehouse, and hotel projects in 2019, as the property developer continues to benefit from its aggressive expansion program in the previous years.

AG&P interested in gov’t infrastructure projects

HOMEGROWN engineering firm Atlantic Gulf & Pacific Co. (AG&P) is keen on participating in the government’s infrastructure program, looking to offer its expertise on the oil and power generation sector as well as transportation projects.
Netopia

IP E-Games divests from Netopia operator

IP E-Game Ventures, Inc. has divested from the operator of Netopia internet cafés due to the lower demand for its business, as consumers shift to mobile devices and places offering free Wi-Fi.
Facebook logo

Facebook eyes more activity in platforms in 2019

FACEBOOK PHILIPPINES is targeting more user activity as it welcomes the new year, with more than 70 million Filipinos already in its platforms.

Vulcan donates Palawan properties to former workers

LISTED Vulcan Industrial and Mining Corp. on Wednesday said it has donated two properties in Roxas, Palawan to its former employees, as well as current workers of Alakor Corporation and Anglo Philippine Holdings Corporation.

Now Corp. will undergo equity restructuring

NOW CORP. on Wednesday said it will undergo equity restructuring to erase its accumulated deficit.

Digital payments use to increase this year

THE USAGE of emerging digital payments solutions is expected to pick up further in 2019, displacing legacy payment options such as cash and credit cards, an analytics software firm predicted.

Resort operator BHI posts lower sales in November

BOULEVARD Holdings, Inc. (BHI) reported lower sales in November, despite the reopening of its resort in Boracay after the island’s six-month closure.

Tri-camera smartphones may reverse $15-billion Sunny Optical wipeout

SUNNY OPTICAL Technology Group Co. was set to end 2018 as one of Hong Kong’s biggest losers, an unnerving fall for a smartphone parts-maker that minted millionaires out of janitors and chefs during a remarkable decade-long run. Some are betting it’ll be back to its winning ways before 2019 is over.
term deposit facility (TDF)

Term deposit yields drop

YIELDS ON term deposits went down yesterday, with demand posting a slight recovery as the holidays drew to a close, arming banks with more cash at their disposal.

Ayala energy unit to focus on growing RES customer base

AYALA-LED AC Energy, Inc. is looking at its retail electricity supply (RES) unit as a long-term business whose growth in the near term is meant largely to establish a respectable customer base, its top official said.
Bureau of Treasury (BoT)

Appetite for long-term bonds seen picking up

THE BUREAU of the Treasury (BTr) expects market appetite for long-term bonds to pick up this year driven by expectations that inflation will decelerate further.
best booze

Whiskey, mezcal, amaro, gin, vodka, rum:2018’s Best Booze

THE YEAR 2018 was an eventful one, no matter where you looked. This is no less true in the spirits world. Even as cannabis continued to boom as an intoxicant of choice and manufacturers pivot to weed beer, there have been innovations in almost every type of booze, from Japanese gin to bartender-made brandy to a Danish spirit from a team of Noma alums that defies categorization.
computer game competition esports

China approves 80 new game titles after lifting nine-month freeze

CHINA HAS approved 80 new video game titles in the first batch of licenses granted by the media regulator after the end of a nine-month freeze.
Cathay Pacific

Cathay Pacific to honor premium tickets sold at steep discount in error

CATHAY Pacific Airways Ltd. made a mistake selling first- and business-class tickets at a steep discount. Now, the lucky few who made the bookings will travel in style after all.