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Daily Archives: January 6, 2019 | 10:36 pm


GOCC dividends rise 32% in 2018 to over P40B

GOVERNMENT-OWNED and -controlled corporations (GOCCs) remitted a record P40.18 billion worth of dividends to the national government in 2018, the Department of Finance (DoF) said in a statement over the weekend.
gas pump fuel markup

DoE to require transparency on markups charged by oil firms

THE Department of Energy (DoE) hopes to issue by the first quarter a circular that will require oil companies to submit a breakdown of the costs that go into the pricing of petroleum products, including the so-called “industry take” that discloses their mark ups.
Grab Uber PCC data

PCC studying valuation method for data assets in mergers

THE Philippine Competition Commission (PCC) is considering the possibility of taking into account the valuation of data assets in mergers or acquisitions.
Court of Tax Appeals

CTA partially grants mining firm’s nickel VAT refund claim

THE Court of Tax Appeals (CTA) partially granted the tax refund claim of Taganito Mining Corp. for P28.93 million in excess input value added tax (VAT) attributable to zero-rated sales for 2014, but approved only P25.95 million while finding the remainder without documentary support.
Mine’s View Park Baguio

Benguet mayors seek bigger say in Greater Baguio

BENGUET mayors said they want the role of a development authority centered on Baguio City to be clearly defined to prevent overlaps with local government units (LGUs).

Palawan power utility submits revised distribution plan

THE Department of Energy (DoE) has ordered Palawan Electric Cooperative (Paleco) to submit an updated power distribution development plan (DDP) to determine whether the government should continue looking after the provision of electricity in the area.
Agus V and VI Hydroelectric Power Plant

Funding sought for communities generating hydropower

A BILL providing funding for the protection, conservation, management and development of local government units (LGUs) that host hydroelectric generation facilities has been filed at the House of Representatives.

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Moving forward with our reason for being

It has barely been a week since the New Year and already we have seen or experienced changes. Why? Because we are living in an age of transformation.

Analysts see BOL approval in Jan. 21 plebiscite

WITH two weeks left before the plebiscite that will decide on the proposed Bangsamoro Organic Law (BOL), analysts agreed there is a possibility that it will be ratified, yet there are challenges ahead in the transition to an autonomous Bangsamoro region.
congress House of Representative

House rules committee to summon DPWH officials on flood control ‘scam’

THE House rules committee agreed to subpoena the top officials of the Department of Public Works and Highways (DPWH) to its continuing investigation of alleged irregularities in the budget practices of the Department of Budget and Management (DBM).

DoLE: Medical technicians from PHL sought in UAE

THE United Arab Emirates is on the lookout for qualified Filipinos to take 150 vacancies for the position of medical technician.

Palace on town mayor’s killing: ‘Same fate to befall’ anyone resisting arrest in drug...

IN response to the recent killing of a former mayor allegedly involved in illegal drugs, Malacañang on Sunday said “the same fate will befall” any Filipino involved in the illegal activity, regardless of status, if they resist arrest.

Usman aftermath: Reported deaths at 126; damage, P4.25B

AS RELIEF and recovery operations continue a week after the devastation of tropical depression Usman, latest data from the National Disaster Risk Reduction and...

Multi-sector party ramps up support for BOL in Sulu, other island provinces

THE FIRST in a series of pro-Bangsamoro Organic Law (BOL) rallies planned in the island provinces of Basilan, Sulu, and Tawi-Tawi was held Saturday...

Property valuation services: Are we losing international competitiveness?

An important lesson of the 2008 global financial crisis is that unstable real estate markets can bring down the global economy. Corollary to that, they can deprive an emerging economy with financing, stunting investments and economic growth.

Incomplete youth councils in Iloilo won’t get 2019 budget

SANGGUNIANG Kabataan (SK) leaders in Iloilo City have been ordered to immediately organize special elections to fill up vacant pots in their respective youth...

Incomplete youth councils in Iloilo won’t get 2019 budget

SANGGUNIANG Kabataan (SK) leaders in Iloilo City have been ordered to immediately organize special elections to fill up vacant pots in their respective youth...

May 2019 be a good year

Happy New Year, Manay! May 2019 be a good year. What’s a good year, she says?

2018: The Good, Bad and Ugly

2018 should have been a banner year for the Philippines. If President Duterte’s campaign promises are anything to go by, drug cartels should have been obliterated by now, peace and order should be firmly entrenched across the country, the flaws of the 1987 Constitution should have been amended, Metro Manila’s traffic woes should be solved and the economy should be soaring at a 7.5% growth rate.

Davao police files 1,150 drug-related cases in 2018

THE DAVAO Police Regional Office (PRO-11) reported 1,150 drug-related cases filed in 2018, involving mainly users and pushers. Chief Supt. Marcelo C. Morales, PRO-11...
Philippine Azkals

PHL Azkals begin historic AFC Asian Cup bid today

THE HISTORIC AFC Asian Cup campaign of the Philippine men’s national football team begins today as the Azkals play their debut group stage game in the continental football spectacle in the United Arab Emirates.
Stephen Curry

Curry, Warriors fire away, beat Kings in 3-point match

LOS ANGELES – Stephen Curry connected on 10 3-pointers as part of a 42-point performance Saturday night, helping the Golden State Warriors outlast the host Sacramento Kings 127-123 in a game that featured the most combined 3-pointers in NBA history.
Margielyn Arda Didal

Didal starts Olympic journey in Rio qualifying tournament

GO FOR GOLD will be backing the qualifying bid of Margielyn Arda Didal to the 2020 Tokyo Olympics.

Khalil penalty earns United Arab Emirates draw in Asian Cup opener against Bahrain

ABU DHABI -- United Arab Emirates’ Ahmed Khalil scored a penalty two minutes from fulltime to spare their blushes as the hosts secured a fortuitous 1-1 draw with Bahrain in the opening game of the 2019 Asian Cup on Saturday.

Qatari Asian Cup organizer stopped from attending tourney

DOHA -- A Qatari official who helped organise the Asian Cup in the United Arab Emirates was prevented from flying there on Thursday for the tournament, sources said, as a rift between the two Gulf states showed no signs of abating.

Loyal soldiers

The only thing permanent in this world is change and that in the truest sense of the word was best exemplified by Jimmy Alapag, the guy who spent his playing career for 14 seasons under the MVP Group of Companies.

Moving on

A more conciliatory Gregg Popovich greeted the Spurs’ first match against the Raptors in their 2018-19 campaign. For those from the outside looking in, it was a contest made all the more significant because of the offseason exchange of vital cogs between the two sides. The trade was met with varied reactions, and especially from the concerned parties. And for all his protestations heading into and after the deal, he was himself affected greatly; at one point, he made an unprompted contention that Kawhi Leonard -- who, prior to a shocking falling out, spearheaded his last title run and whom he figured would continue anchoring the cause of the black -- was “not a leader.”

Shares may drop as market corrects after surge

SHARES MAY CORRECT in the week ahead on the back of profit taking after the main index hit a high of 7,801.50, while investors also anticipate the release of trade numbers for 2018.