Home 2019 January 7

Daily Archives: January 7, 2019 | 9:53 pm

rice NFA

DA expects to meet 2019 rice production goal

THE Department of Agriculture (DA) said that rice production target for 2019 is likely to be met as rice farmers are expected to recover from the agricultural damage brought by tropical depression Usman.
gas pump DoE

Senate panel wants quicker response to fuel price shocks

THE Senate committee on economic affairs will consult with the government’s economic team in coming up with a mechanism that will help government quickly react to external price shocks.
expressway highway

DoF says Road Board abolition part of tax reform package

THE DEPARTMENT of Finance (DoF) said that the proposal to abolish the Road Board is part of the succeeding package of the comprehensive tax reform program (CTRP), contrary to remarks by a House leader saying that the agency will be retained.
Eagle Cement

DTI to finish probe into cement safeguards this week

THE Department of Trade and Industry (DTI) said it will complete this week a preliminary investigation to determine whether the domestic cement industry needs safeguard measures to protect it from an alleged influx of cement imports in the past few years.
Board of Investments (BoI)

BoI confident of beating 2019 investment pledges target of P1-trillion

THE Board of Investments (BoI) said it is confident it will surpass the P1 trillion target for investment pledges in 2019.
Boracay

Boracay rehab action plan to cost P25.27B, NEDA says

AN estimated investment of P25.27 billion is required for the Boracay Inter-Agency Task Force to implement the Medium-Term Boracay Action Plan (BAP) which includes installation of safeguards against ecological degradation and sustained tourism activity, according to the National Economic and Development Authority (NEDA) on Monday.
Rolando G. Andaya, Jr.

Andaya cites deficit fears in seeking review of 2019 Budget

HOUSE Majority Leader Rolando G. Andaya, Jr. on Monday proposed to “re-examine” the 2019 National Budget when both chambers convene at the Bicameral Conference Committee.


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The first order of business: Local business tax and real property tax

As we hit the first month of the year, it is time for another round of renewal and compliance. What better way to start the year than to have a clear mind set of what needs to be accomplished.
commodities

Commodity Price Volatility is a fact of life

2018 is a subdued year for many world-traded commodities. Prices are down. The Philippine countryside was not spared, as it is reeling from the effects of low farm prices of coconut oil palm and rubber. The bitter part is that farmers and workers are saddled with high food prices.

The laughable quotes of 2018

I have cited in past columns the most laughable statements in 2016 and 2017 of high profile public officials of the Rodrigo Duterte Administration. Many of the regular jesters in the Court of DU30 stayed on in 2018 to provide again much comic relief with their absurd, vacuous, or incredible utterances. While two of them have left the court, their replacements proved to be as capable as they drew much laughter with their ludicrous pronouncements. Here are what I consider the most laughable statements of high-ranking officials in 2018.

CHR investigates ‘carbon majors’ by using more fossil fuels

The Philippines’ Commission on Human Rights (CHR) has accepted the petition by Greenpeace and other environmental groups in mid-2016 and it has launched the “National Public Inquiry on the Impact of Climate Change on the Human Rights of Filipino People and the Responsibility of the Carbon Majors Therefor, If Any.”

Letter to the Editor

This is in response to the article of Mr. Ramon Clarete published on 7 January 2019 titled, “Property Valuation Service: Are we losing international competitiveness?”
Karl-Anthony Towns

T-Wolves rout Lakers, sack head coach after

LOS ANGELES -- Jeff Teague contributed a pair of 3-pointers to a game-opening, 15-1 run on Sunday afternoon that paved the way for the host Minnesota Timberwolves to post a 108-86 rout of a Los Angeles Lakers’ squad missing LeBron James.

Holder Australia falls to shock Jordan loss

AL AIN -- Australia made the worst possible start to the defense of their Asian Cup crown on Sunday as Graham Arnold’s Socceroos were handed a 1-0 defeat by unfancied Jordan.

Big stage no problem for Asian Cup debutants Yemen — assistant coach

AL AIN -- Yemen will be making their Asian Cup debut when they face three-times champions Iran on Monday and while the players are set to be thrust into the limelight like never before the team’s assistant coach is confident stage fright will not be an issue.
Xander Schauffele

Schauffele shoots closing 11-under 62 to clinch Tournament of Champions

HAWAII -- Xander Schauffele equalled the course record with an 11-under-par 62 to win the Sentry Tournament of Champions by a stroke ahead of Gary Woodland in Hawaii on Sunday.
Ju Wenjun

Women’s quickplay

The Chinese Grandmaster (GM) Ju Wenjun (born Jan. 31, 1991) was having a great 2018. In Marcb 2018 she challenged GM Tan Zhongyi for the women’s title and won it 5.5-4.5 to become the 17th Women’s World Chess Champion.
Tom Thibodeau

Timing

The timing of the firing came as a surprise -- a shock, even -- to many, including Tom Thibodeau himself. His fate as head coach of the Timberwolves was sealed when heralded acquisition of Jimmy Butler, supposedly the last piece they needed to compete with the best of the best, instead left in bad terms after a single year. Yet, even then, not a few quarters believed he would last the season, especially in light of the improvement, however incremental, they showed in the wake of the disgruntled All-Star’s departure.
PSE bell

Local stocks climb as US-China trade talks start

LOCAL EQUITIES booked gains on Monday as investors turned upbeat prior to the start of meetings between the United States and China to defuse their ongoing trade war.

Peso strengthens on dovish Fed

THE PESO maintained its strength for a second straight session on Monday, riding on dovish cues from the US Federal Reserve which kept the dollar at bay.

Makati court affirms arrest of Trillanes for rebellion

A MAKATI court has denied a motion for reconsideration by opposition Senator Antonio F. Trillanes IV on the Sept. 25, 2018 order for his arrest in connection with his revived rebellion case stemming from the Manila Peninsula Siege of 2007.
WIKIPEDIA

Bello, Lapeña, Quintayo under Palace investigation

AN OFFICIAL of the Presidential Anti-Corruption Commission (PACC) on Monday said the commission is currently investigating corruption allegations against Labor Secretary Silvestre H. Bello III, Director-General Isidro S. Lapeña of the Technical and Skills Development Authority, and National Commission on Indigenous Peoples (NCIP) chairperson Leonor T. Oralde-Quintayo.

Palace on China-Taiwan row: ‘It’s between the two countries’

“NEVER MIND them,” said President Rodrigo R. Duterte’s spokesman, in response to questions about China’s latest tension with Taiwan.
Joseph Victor G. Ejercito TRAIN

Senators suggest a portion of road user’s tax for road-safety projects

SENATOR Joseph Victor G. Ejercito on Monday suggested that a portion of the road user’s tax should still be used for road safety projects.
Bangsamoro supporters

SC asked to junk petition against BOL

SUPPORTERS of the Bangsomoro Organic Law (BOL) asked the Supreme Court (SC) on Monday to dismiss the petition late last year by Sulu Gov. Abdusakur A. Tan II against the law.
gas pump

Fuel prices up this week following international rates hike

OIL COMPANIES are raising the prices of petroleum products this week as trading in the international market had taken a sharp turn on Thursday last week after days of steady decline, Energy officials said on Monday.

Police chief says no order to profile ACT members, but 3 officers relieved over...

POLICE DIRECTOR General Oscar D. Albayalde said he has ordered the relieved of three intelligence officers who allegedly “leaked” a document ordering the profiling of members of the left-leaning Alliance of Concerned Teachers (ACT) Party-list, but added that he did not sign any such directive.

Gun ban period for May elections starts Jan. 13

PHILIPPINE National Police (PNP) chief Oscar D. Albayalde yesterday issued a reminder that the gun ban period starts on Jan. 13 as prescribed by the Commission on Elections (Comelec) in line with the May 12 midterm polls.

Tijam takes a bow

Supreme Court Associate Justice Noel G. Tijam (left) receives a Certificate of Appreciation “for his around 3 decades of stellar public service” from the SC community as he attended his last flag ceremony Monday, Jan. 7, before officially retiring.

Police get a match on gunman’s weapon, shells at Batocabe crime scene

THE PHILIPPINE National Police (PNP) confirmed that the recovered gun shells and slugs from the site where AKO Bicol Party-list Rep. Rodel M. Batocabe was killed matched with the weapon used by gunman Henry Yuson.

January festivals: Grander spectacles lined up for Sinulog and Dinagyang

THIS YEAR’S year’s P2-million Sinulog grand finale production will showcase a dance-drama-musical presentation dubbed as Sugbo Balikon Ko Ikaw, which will highlight present-day Cebu City to entice more visitors.
WesMinCom logo

13 members of armed gang arrested in Zamboanga Sibugay

MILITARY troops have nabbed 13 “rogue personalities” and seized their firearms following an armed confrontation in Tungawan, Zamboanga Sibugay last Saturday, Jan. 5, as security forces step up the monitoring and pursuit of armed groups in the Zamboanga Peninsula region with the midterm election in May.

UST GenSan site development in full swing

SITE DEVELOPMENT for the University of Santo Tomas (UST) in Barangay Ligaya, General Santos City is still ongoing, with start of operations expected by 2021.

Nation at a Glance — (01/08/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.
dollars

Nonprofit groups in watchdog’s sights

NONPROFIT OUTFITS in the Philippines have become channels for funds from illegal activities, the Anti-Money Laundering Council (AMLC) said in a report, citing over P600 billion worth of transactions involving corruption and fraud over the past five years.
BSP

Central bank readies new rules to manage credit risks better

THE CENTRAL BANK plans to roll out more rules to manage credit risks, a senior official said, explaining that the new regulations will enable banks to be more flexible in pricing loans for retail clients.
peso dollar

Peso faces new threat as Duterte gears up for poll

AS IF FALLING for six straight years wasn’t enough, the Philippine peso is now facing an additional threat: a midterm election that may compound concerns about its economy.

How did regions fare in terms of inflation?

carabao

Iloilo farmers betting on carabao milk market

ILOILO CITY -- The Department of Agriculture (DA) is seeking to develop the dairy industry in Iloilo province, using milk from the native carabao.
airplane AirAsia Laguindingan Airport

Local airlines bullish for 2019 as oil prices drop

LOCAL AIRLINES are keeping a positive outlook for 2019, after the industry suffered last year when jet fuel prices soared.
Louis Vuitton shop

As China cuts back on iPhones, LVMH handbags could be next

AFTER Apple Inc.’s shock profit warning, investors were quick to make the connection: if Chinese consumers are cutting back on iPhones, Louis Vuitton handbags could be next.
vegetable stall market

WB to raise rural incomes halfway to target

THE World Bank (WB) said its assistance to farmers and fisherfolk in the Philippines has increased their income by 15% over four years, or halfway to the 30% target of income growth by 2021.
PSE BGC

Stock index seen reaching 8,400 level this year

PHILSTOCKS FINANCIAL, Inc. sees the local bourse finishing the year within the 7,750 to 8,400 level, on expectations of higher spending due to the election season, improved corporate earnings, sustained economic growth, and lower inflation amid global headwinds.
PUMA 1

First PUMA Select in the Philippines now open

THE streetwear scene in the Philippines got a new player with the recent opening of the first PUMA Select standalone store in the country.

Treasury bills, bonds likely to fetch lower rates on inflation

GOVERNMENT SECURITIES on offer this week are expected to fetch lower rates as investor demand returns following the holiday season.