Home 2019 January 9

Daily Archives: January 9, 2019 | 9:16 pm


Mining firms ‘guarded’ about 2019 amid trade war fears

MINING COMPANIES expressed “guarded optimism” about their prospects in 2019 as global metal prices stabilize due to balanced supply and demand, though the equilibrium could be disrupted by a worsening of the trade war between the United States and China, proposed tax laws for the Philippine mining industry, as well as ban on open pit mining.

Boracay reopening to lift 2019 outlook for tourism

THE OUTLOOK for tourist arrivals in 2019 is more positive now that the industry has put the Boracay closure behind it and as airlines add connections to the Philippines, industry officials said.
vegetable market food terminal

Food Terminal to be revived in Taguig, other sites

THE Food Terminal Inc. (FTI), a Marcos-era project, is expected to be revived by the Department of Agriculture (DA) this year at a 36-hectare site in Taguig City.
Procter and Gamble (P&G) logo

CTA upholds P26.07-M VAT refund for P&G

THE Court of Tax Appeals (CTA) affirmed a P26.07-million partial tax refund it awarded to Procter and Gamble Asia, Pte. Ltd. (P&G) for its unutilized excess input value-added tax (VAT) attributable to zero-rated sales for the second half of 2005.
NFA rice warehouse

Rice tariffication improving PHL’s WTO standing

THE Philippines’ decision not to extend quantitative restrictions on rice has improved its position with potential trading partners, its World Trade Organization (WTO) representative said.
Benjamin E. Diokno

Government studying 2020-2022 salary hikes for civil servants

THE GOVERNMENT has formed a task force to study the extent of future salary adjustments for civil servants, calling the pay hikes certain though the degree of the adjustment is yet to be determined.
PH halal logo

DTI hoping to ramp up halal certifications for SEA Games

THE Department of Trade and Industry (DTI) is pushing to boost halal certification in the restaurant industry ahead of the 30th Southeast Asian Games late this year.

Crop insurance payments worth P160M due next week for victims of Usman

A TOTAL of P160 million worth of insurance payments will be released next week by the Philippine Crop Insurance Corp. (PCIC) to farmers affected by tropical depression Usman, Agriculture Secretary Emmanuel F. Piñol said on Wednesday.
Court of Tax Appeals

CTA denies BIR petition vs cancellation of P46.2-million tax deficiency

THE Court of Tax Appeals (CTA) denied for lack of merit a motion for reconsideration filed by the Bureau of Internal Revenue (BIR) seeking to reverse the cancellation of a P46.2-million tax deficiency finding against a merchandising company.

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Just one card

How many identification cards do you have? Which of those are accepted as proof of your identity by the government or private entities?


You go to a search engine and type the word telecommuting and you will find various sources with definition of the term. One source offers a straightforward description of “work from home, making use of the Internet, e-mail and the telephone.” Another source describes it as a work arrangement in which employees do not commute or travel to a central place of work, such as an office building, warehouse, or store.
Corporation 101 and amending the Corporation Code

Corporation 101 and amending the Corporation Code

Corporations have a crucial role in the overall economic well-being of the country. Most businesses prefer the corporation as an efficient and rational legal structure in order to conduct their commercial pursuits.
Iron farming

Iron farming

This piece has little to do with mining or “farming” for iron. Although, mining becomes crucial in the way that it significantly contributes to technological advances, which, in turn, help boost agricultural productivity. Metallic soil is not conducive for food farming, anyway. So, farm or mine the iron and other elements, then use these elements to improve farming for food.
The business of corruption

The business of corruption

PERHAPS there is no field of economics as overstudied or understudied as the causes, effect, and impact of corruption as a good and a service, as an industry and a business.
PSE bells

PSEi surges past 7,900 as US, China wrap up talks

THE MAIN INDEX soared past the 7,900 level on Wednesday, following optimistic views on trade relations between the United States and China alongside the continued flow of foreign funds into the local bourse.
peso remittance

Peso rebounds to fresh high

THE PESO rebounded against the dollar on Wednesday to a fresh one-month high amid better risk appetite from investors on the back of positive developments in the US-China trade talks.

Poe leads Pulse Asia’s December senatorial poll

SENATOR GRACE S. Poe-Llamanzares led the latest senatorial survey by Pulse Asia, conducted last December.
Rodrigo Duterte

Duterte signs into law HIV and AIDS Act

MALACAÑANG ANNOUNCED on Wednesday that President Rodrigo R. Duterte has signed into law the Philippine HIV and AIDS Policy Act of 2018.

Lorenzana: UK military presence in region to be tackled with ASEAN

FOLLOWING the pronouncement of the United Kingdom to open military bases in the Caribbean and Southeast Asia, Defense Secretary Delfin N. Lorenzana said the entry of the European country in the region should be discussed first with other ASEAN nations.

Palace to study recommendation to abolish wage boards

Malacañang said it will study proposals on changing the current wage fixing system, days after a labor group called on the the current administration to abolish the regional wage boards.

Concern over Dutertre’s health rises in SWS poll

A SURVEY by the Social Weather Stations conducted in the fourth quarter last year found 66% of Filipino adults saying they are worried (22% worried a great deal and 44% somewhat worried) and 34% saying they are not worried (16% are somewhat not worried and 18% are not worried at all) about President Rodrigo R. Duterte’s health.

3-year timeline to end insurgency bound to fail- Sison

COMMUNIST Party of the Philippines (CPP) founder Jose Maria C. Sison said the timeline of the military to end communist insurgency in the country is bound to fail.

House committee, Ombudsman coordinating on alleged flood control scam

THE HOUSE of Representatives’ rules committee is already coordinating with the Office of the Ombudsman for an investigation on the alleged flood control scam, House Majority Leader Rolando G. Andaya, Jr. said on Wednesday.

CSC sets computerized exam dates

THE CIVIL Civil Service Commission (CSC) has set 13 dates for the Computerized Career Service Examination (COMEX) in the first half of 2019.

Devotion or fanaticism?: Black Nazarene continues to draw Catholics

HUNDREDS OF thousands of Filipinos joined an annual procession in the Philippine capital to kiss or touch a centuries-old black wooden statue of Jesus Christ, believed to have miraculous healing powers, in a grand display of Catholic devotion.

Ease of doing business initiatives by LGUs

JANUARY is the period for mayor’s permit renewal and payment of corresponding local taxes, a process that entails not just financial but valuable man-hour costs for businesses.

Iloilo mayor ready to go all the way to the Supreme Court over water...

ILOILO City Mayor Jose S. Espinosa III has defended the granting of a water supply franchise to Villar-led PrimeWater Infrastructure Corp. saying he is ready to go all the way to the Supreme Court over charges filed by existing distributor Metro Iloilo Water District (MIWD).

Local holidays declared in 3 cities for festivals, anniversary celebration

MALACAÑANG HAS declared special non-working days in three cities for their respective local celebrations. These are:

DoH, Comelec regional offices gear up for Bangsamoro vote

WITH AN expected 2.8 million voters for the coming Bangsamoro Organic Law (BOL) plebiscite, the Department of Health (DoH) and Commission on Elections (Comelec) offices in the Autonomous Region in Muslim Mindanao (ARMM) have laid out plans to ensure immediate response to critical situations.

Nation at a Glance — (01/10/19)

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

Spirited showing against Korea could be a blueprint for Azkals

GO-GETTING and fearless in its AFC Asian Cup debut, the Philippine men’s national football team is well advised to following such disposition on the field, and building on it, for the rest of the tournament if it is to make things happen. This is according to one local football analyst.
Terrence Romeo

Romeo willing to adjust with San Miguel Beermen

JOINING an already “made” team, Philippine Basketball Association (PBA) star guard Terrence Romeo knows he has to do his share in fitting in with a team like the San Miguel Beermen. It is a process the explosive player said he recognizes and is willing to do.
FIFA World Cup trophy

Qatar keen to prove worth at Asian Cup ahead of 2022

AL AIN, UNITED ARAB EMIRATES -- Qatar will be out to prove they are worthy of a World Cup debut in 2022 when they open their Asian Cup campaign on Wednesday.

Raptors, Leonard steal victory against Hawks

LOS ANGELES -- Kawhi Leonard made a key steal to set up the go-ahead field goal in the final minute, and he finished with 31 points as the Toronto Raptors defeated the visiting Atlanta Hawks 104-101 on Tuesday night.
Il-Gwan Jong

Iraq stuns Vietnam; Saudi routs N. Korea

AL AIN -- Iraq’s Ali Adnan scored with a curling free kick in the final minute as the former champions were twice forced to come from behind to beat Vietnam 3-2 in the Asian Cup on Tuesday and Saudi Arabia eased to a 4-0 win over North Korea.
Sarasadat Khademalsharieh

Sarasadat Khademalsharieh

In the year 2018 rapid and blitz chess have become more popular than ever before. Even in the Grand Chess Tour there were two legs out of the five total which feature exclusively the quicker time controls.

Off the court tussle

The Warriors and Cavaliers are going at it again, but this time off the court. The subject of their conflict: Patrick McCaw, who, in two full seasons with the defending champions, averaged a whopping four, one, and one in 16 minutes of exposure. Including even more anemic numbers in the playoffs, he proved as crucial to their title runs as just about any other player riding the pine for them. Still, they wanted him back, and offered him a two-year contract worth $5.2 million that he subsequently declined because the second year wasn’t guaranteed. Enter the 2018 runners-up, with whom he signed a deal that his previous employers couldn’t match, and for whom he then wound up playing only three games.
Case with Dollars

Gov’t sells $1.5 billion in global bonds

THE PHILIPPINES sold $1.5 billion in 10-year offshore dollar bonds -- priced 110 basis points (bps) above benchmark US treasuries and tighter than an initial 130 bps guidance -- in an exercise which Finance officials said reflected investor confidence in the country.

Meralco bills lower this month

MANILA ELECTRIC CO. (Meralco) started the year with a reduction in the overall electricity rate to P9.835 per kilowatt-hour (/kWh) for January bills, down P0.3418/kWh from last month.
crane infrastructure construction

Fitch Solutions sees fiscal deficit falling below ceiling programmed for this year

THE PHILIPPINES will likely fall short of its budget deficit ceiling for 2019, Fitch Solutions said, explaining that it expects the government “to underspend” this year.
peso bills

Money supply picks up in November even as loan growth eases

MORE MONEY circulated in the economy in November last year, even as loan growth continued to ease in the wake of a fifth increase in benchmark interest rates by the Bangko Sentral ng Pilipinas (BSP) that month.
Hong Kong skyline

What could go wrong in 2019? Eurasia Group outlines the risks

HONG KONG -- The global geopolitical environment is at its most dangerous in decades, according to Eurasia Group, the consultancy founded by Ian Bremmer.

Aboitiz unit hopes to start operating two airports by end-2019

THE infrastructure unit of Aboitiz Equity Ventures, Inc. (AEV) hopes to start operating two regional airports by the end of 2019, including the P42.7-billion Laguindingan Airport in Misamis Oriental.

PAL eyes deal with strategic investor within 1st half

PHILIPPINE Airlines, Inc. (PAL) looks to complete a deal with a strategic investor within the first half of the year, which could help boost its operations as the flag carrier adds new routes to both Asian and North American destinations.

Toyota Motor PHL orders recall of 31 Lexus LS 500 units

TOYOTA Motor Philippines Corp. (TMP) said Lexus Manila, Inc., one of its local dealers, ordered a recall of certain units of LS 500 models due to an improper programming of their start-stop systems.