Home 2019 January 10

Daily Archives: January 10, 2019 | 9:54 pm

farmer rice field

Storm-lashed 2018 dampens farm output, growth falls to 1%

AGRICULTURE output rose 1% in 2018, dampened by storms that damaged farmland and fisheries, the Department of Agriculture (DA) said on Thursday.
Vicente C. Sotto III

Senate lists priority measures for action next week

SENATE PRESIDENT Vicente C. Sotto III on Thursday listed the priority measures that the chamber is seeking to pass on third and final reading, aside from the proposed 2019 national budget, when it resumes session next week.
meat stall wet market

Inflation projected to dip below 4% in 2019

INFLATION is expected fall 4% this year with risks to prices seen balancing, the Bangko Sentral ng Pilipinas (BSP) said, after the indicator spiked in 2018.
Grace S. Poe-Llamanzares

Poe signals court challenge to two tower-company limit

SENATOR Grace S. Poe-Llamanzares on Thursday said she will go to the courts if the common tower policy proposed by Presidential Adviser for Economic Affairs and Information Technology Communications Ramon P. Jacinto goes ahead.
vegetable market

DA to compensate Cordillera farmers for dumped crops

AGRICULTURE Secretary Emmanuel F. Piñol said that the Department of Agriculture (DA) will compensate farmers in the Cordillera Administrative Region (CAR) who were forced to dispose of their vegetables due to oversupply and lack of means to transport the harvest to market.
poverty slum area

Inflation for low-income households eases in Nov.

INFLATION, as experienced by low-income families, softened in November driven by slowdowns in the growth of prices of food and utilities, the Philippine Statistics Authority (PSA) reported yesterday.
Makati buildings skyline

Makati City 2018 revenue P17.8 billion

THE Makati City government said it collected P17.8 billion in 2018, mainly from business tax and real estate tax, beating its full-year target of P15.67 billion.
power grid

Napocor seeking to dispose of missionary fund excess

THE National Power Corp. (Napocor) has asked the Energy Regulatory Commission (ERC) to allow it to offset the excess of the basic universal charge for missionary electrification (UCME) against the P17.805 billion that has yet to be collected for 2019.
Port of Bongao Tawi-Tawi

DTI sees Feb. release of barter order’s IRR

THE Department of Trade and Industry (DTI) said it will release next month the implementing rules and regulations which will revive barter trade in Mindanao.

Business federation seeks review of SC’s UCPB ruling

THE president of the Federation of Philippine Industries (FPI) asked the Supreme Court (SC) to investigate the tribunal’s justices who ruled against United Coconut Planters Bank (UCPB), alleging violation of internal rules and the Constitution.
1000 peso bills

Peso rises to new peak

THE PESO strengthened further against the dollar on Thursday to a near eight-month high following the release of the narrower trade deficit data for November.
PSE BGC board

PHL shares climb on strong foreign fund inflows

SHARES CONTINUED their ascent on Thursday, bringing the main index closer to the 8,000 level on hopes of warmer trade relations between the United States and China after their officials’ meeting this week.
online

Duterte signs Telecommuting Act into law

A MEASURE institutionalizing telecommuting as an alternative work scheme has been signed into law by President Rodrigo R. Duterte, as confirmed on Thursday by Malacañang and also by Senator Emmanuel Joel J. Villanueva, one of the measure’s principal authors.


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JCI names 11 TOYM 2018 honorees

THE Junior Chamber International recognized 11 honorees as The Outstanding Young Men and Women of 2018 for their efforts in service and nation-building.
Vicente C. Sotto III

Sotto says no need for bicameral conference on abolition of Road Board

SENATE President Vicente C. Sotto III on Thursday stuck to his position that there is no need for a bicameral conference committee on the bill abolishing the Road Board, despite proposals on such moves in order to resolve the issue.

Duterte signs law on 300% increase in pension for war veterans

PRESIDENT Rodrigo R. Duterte has signed a law increasing the monthly pension of war veterans to “300%” beginning this year.
WIKIPEDIA

Palace denies red-baiting journalist group members

MALACAÑANG on Thursday denied that the government, through the Presidential Communications Operations Office (PCOO), is red-baiting members of the National Union of Journalists of the Philippines (NUJP).
Maynilad’s desludging service for October

Maynilad seeks contractor for water reclamation facility in Kawit

MAYNILAD Water Services, Inc. is looking for a contractor to design and build a water reclamation facility with a 13 million liters per day capacity, to be located in Kawit, Cavite.

Meat, vegetable prices in QC lower than in other parts of Metro Manila

PRICES OF agricultural products at the Commonwealth Market and supermarkets in Quezon City are lower by as much as P50 compared to the average selling prices in other parts of Metro Manila, based on the Department of Trade and Industry’s (DTI) monitoring.

Governor asks village officials to help in surveillance as military, police assure Cebu is...

CEBU GOVERNOR Hilario P. Davide III called on barangay officials to help security forces in monitoring possible terror threats as the police and military gave him assurance that the province is safe following the travel advisory of the United Kingdom warning its citizens from traveling to parts of southern Cebu and Mindanao.

2 firms face fines for medical wastes in waters off Lapu-Lapu

THE ENVIRONMENTAL Management Bureau-Central Visayas (EMB-7) is set to issue a notice of violation and impose corresponding fines of at least P50,000 against two firms in Mandaue City linked to the medical wastes found floating in the seas off Lapu-Lapu City the past few days.

2 Davao provinces, other areas in election watchlist due to NPA, armed groups

LAW ENFORCEMENT agencies have placed the entire provinces of Compostela Valley and Davao del Sur in the election watch list because of the presence of private armed groups and New People’s Army (NPA) rebels.

Charges filed vs Cotabato City blast suspects

THE Special Investigation Task Group (SITG) of the Police Regional Office (PRO) 12 has filed charges against the suspects of the Dec. 31 bombing in South Seas Mall in Cotabato City that left two dead and more than 30 others wounded.

Nation at a Glance — (01/11/19)

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

How transparent is our National Budget?

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) lists eight major characteristics of good governance -- participatory, consensus-oriented, accountable, transparent, responsive, effective and efficient, equitable and inclusive, and follows the rule of law.
Table 1

Public debt, budget deficit and sin tax hikes

When the Philippines public debt reached P7.2 trillion last November, I was curious which among the previous and current administrations were the major debt generators. I checked the Bureau of the Treasury (BTr) website and summarized the numbers below and computed the per year rise in public debt stock.

Hopeless but hopeful

In a December Social Weather Stations (SWS) survey on whether they would welcome the coming year with hope or with fear, 96% of the respondents said they would welcome it with hope.

No bullies in the office

BULLYING BEHAVIOR in the workplace is now a legitimate management issue. No longer is the head-biting superior the role model for an effective boss. (I don’t get ulcers. I give them out.) Such boorish behavior is considered dysfunctional and likely to erode an organization’s credibility and bottom line. An exodus of talent, arising from a corporate culture of bullying, is a red mark on a company as an employer of choice.
Philippine Azkals

Asian Cup: Philippine Azkals take on Chinese team today

THE Philippine men’s national football team treks back to the field today, taking on China People’s Republic in a Group C match at the 2019 Asian Football Confederation (AFC) Asian Cup.
Barangay Ginebra San Miguel Kings

Kings, KaTropa open Philippine Cup action

THE Philippine Basketball Association (PBA) starts its Season 44 this weekend with the opening of the All-Filipino tournament Philippine Cup at the Philippine Arena in Bocaue, Bulacan, on Sunday.
Bassam Hisham

Asian Football Confederation to raise lawsuit in Saudi over piracy

DOHA -- The Asian Football Confederation (AFC) said on Wednesday it was taking legal action in Saudi Arabia against television channel beoutQ for illegally broadcasting its Asian Cup, the region’s biggest football tournament.
Joshua Pacio

Filipino-headlined fights usher in packed year for ONE

ASIA’S largest martial arts organization ONE Championship is poised for a packed 2019 after announcing it would be hosting 45 events this year, beginning with two which will be headlined by Filipino world champions.
Yuya Osako

Osako double helps Japan fight back to beat Turkmenistan

AL AIN -- Japan’s Yuya Osako scored twice as the four-times champions fought back from going a goal behind to earn a 3-2 win over unfancied Turkmenistan in their Asian Cup opener on Wednesday.

Fish named US Davis Cup captain

NEW YORK -- Mardy Fish was named US Davis Cup captain on Wednesday as the men’s team competition enters a new era.
Otto Porter, Jr.

Overmatched

Considering how the Sixers lost yesterday, it’s fair to argue that the Wizards have their number -- at the Capital One Arena, that is, where, for some reason or another, they’ve failed to taste victory in five years. It didn’t matter that the hosts were missing John Wall, out for the rest of the season due to a left heel injury, or that they just came off a rousing triumph against the very same opponents at the Wells Fargo Center. Apparently, there’s something in the Washington air that makes them forget they’re supposed to be crowding the top of the East and not the bottom.

KUYSEN: Building the future

Kuysen began its legacy of luxury in 1989 as a small industrial hardware store in Caloocan. Cultivating brands and products through 30 years of...

Exports drop, imports slow down in November

By Christine Joyce S. Castaneda Trade activity softened in November as exports declined while imports slowed. Preliminary results from the Philippine Statistics Authority (PSA) showed merchandise...
container port

WB sees Philippines weathering risks

THE WORLD BANK expects the Philippines to sustain above-average economic growth in the next two years despite a global slowdown triggered largely by the trade spat between the world’s two biggest economies.
Calungbuyan Bridge

Budget chief expects infrastructure spending to have closed in on target

THE COUNTRY’s Budget chief expects infrastructure spending last year to have closed in on the government’s program.
PSE

Bulls on a roll as foreign funds trickle back to PHL

PHILIPPINE bulls are on a roll, and who can blame them?

Ayala acquires Phinma Energy

AC ENERGY, Inc. is taking control of Phinma Energy Corp. through a “mutually strategic agreement” that gives the Ayala-led company a 51.48% stake in the listed energy firm for P3.42 billion.

Shakey’s to deliver 20 new stores

SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) plans to open 20 new stores this year, pushing its expansion outside Metro Manila as it sees more opportunities for growth in the provinces.

PLDT, GMA team up for digital television

PLDT, Inc. and wireless unit Smart Communications, Inc. are working with GMA Network, Inc.’s New Media, Inc. (NMI) to assist the television network in its digital transformation.

LTFRB rejects Go-Jek’s application to operate ride-hailing service in Philippines

MANILA — The Philippines’ transport regulator has rejected the application of Indonesia’s Go-Jek to launch a ride-hailing service in the country due to foreign ownership issues, a government official said on Wednesday.

Kaspersky partners with MSI-ECS for B2B products

RUSSIA-BASED cybersecurity company Kaspersky Lab said on Monday it is tapping local firm MSI-ECS Philippines to spur its growth in the enterprise market.