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Monthly Archives: February 2019

congress House of Representative

New tax amnesty bill addressing vetoed items filed in House

A BILL addressing parts of the general tax amnesty law vetoed by Malacañang was filed at the House of Representatives, one of the original bill’s authors said.
DoF facade

Veto halves expected take from tax amnesty bill, DoF says

THE DEPARTMENT of Finance (DoF) expects to generate around P27 billion from the tax amnesty measures that were not vetoed, or less than half of its earlier projections, with the implementing rules for the law to be released soon.
Silvestre H. Bello III

Voluntary regularization deal up in the air

THE VOLUNTARY regularization plan put forward by the Employers Confederation of the Philippines (ECoP) has not been signed, with ECoP and the Department of Labor and Employment (DoLE) citing various reasons for the plan’s sidetracking, which include a threat by labor groups to prosecute to Secretary of Labor for dereliction of duty.
Ernesto M. Pernia

NEDA rules out rice self-sufficiency policy on eve of tariffication

THE NATIONAL Economic and Development Authority (NEDA) ruled out the future pursuit of rice self-sufficiency by casting doubt on arguments for maintaining the policy as the government prepares to embark on a rice tariffication regime featuring more liberal imports by the private sector.
Harbor Link Segment 10 tollway

NLEX breaks ground on connector road, opens Harbor Link Segment 10

NLEX Corp. began on Thursday the construction of the connector road linking the North Luzon Expressway (NLEx) to the South Luzon Expressway (SLEx) as it opened the NLEx Harbor Link Segment 10 to the public.
Brunei-Indonesia-Malaysia-Philippines-East Asean Growth Area (BIMP-EAGA)

BIMP-EAGA shipping service to be revived

DAVAO CITY -- The suspended shipping service between various cities in Mindanao and Bitung, Indonesia will resume and call at more ports within the Brunei-Indonesia-Malaysia-Philippines-East Asean Growth Area (BIMP-EAGA).
Ramon M. Lopez

DTI to cut 2019 export growth target to 4-5%

THE Department of Trade and Industry (DTI) said it will reduce its export target to about 4-5% in 2019 to factor in the global slowdown and stiffer competition in the services sector.
psa rice farmer

Palay farmgate price falls in mid-February

THE average farmgate price of rice in unmilled form, known as palay, declined 0.51% week on week in the second week of February to P19.63 per kilogram (kg), according to the Philippine Statistics Authority (PSA) in a report released Thursday.

China disavows Palace ‘tit for tat’ claim on illegals

CHINA ON Thursday denied warning Malacañang of retaliation over the latter’s policies on Chinese illegals as earlier articulated by Presidential Spokesperson Salvador S. Panelo.

President vetoes anti-corporal punishment bill

MALACAÑANG announced on Thursday that President Rodrigo R. Duterte has vetoed the bill that seeks to ban corporal punishment on children.
Rodrigo Duterte

Duterte signs law extending use of ill-gotten wealth for human rights-abuse victims

MALACAÑANG ON Thursday announced that President Rodrigo R. Duterte has approved Joint Resolution No. 04 by Congress, extending until Dec. 31 this year the maintenance, availability, and release of funds intended for human rights-abuse victims during martial law.

Duterte extends terms of special envoys to China for this year

PRESIDENT RODRIGO R. Duterte has extended the terms of five special envoys to the People’s Republic of China.
sara-duterte-philstar

Sara Duterte rejects Alvarez’s planned return to speakership

FORMER Speaker Pantaleon D. Alvarez of the 1st district of Davao del Norte should no longer take his chance to vie for the top post of the House of Representatives, Davao City Mayor Sara Z. Duterte-Carpio said Thursday.

Mahathir to visit PHL

MALAYSIAN Prime Minister Mahathir Mohamad will visit the Philippines on March 6 to 7 upon the invitation of President Rodrigo R. Duterte, the Department...

Poll shows majority believe police involved in drug crimes

A SURVEY conducted late last year found that “Majorities believe policemen are involved in illegal drug trade, extra-judicial killings, and planting evidence against drug trade suspects.

Davao Mayor slams Otso Diretso ‘fixation with debate’

DAVAO CITY Mayor Sara Z. Duterte-Carpio slammed the Otso Diretso opposition slate over its “unprofessional” debate challenge.

Quality of life

Metro Manila, a sprawl of 16 cities fused together by outdated infrastructure, is creaking under the weight of millions of vehicles, owing largely to economic growth of more than six percent a year since 2012.
Time to de-bugoy the Philippines

Time to de-bugoy the Philippines

Remember the adage: dress up for the position you aspire and not the position you have? If true, then quite a number of our people are aspiring for the position of village vulgarian.
Blaming EDSA

Blaming EDSA

His spokesperson Salvador Panelo insisted that it wasn’t because President Rodrigo Duterte thinks that the 1986 civilian-military mutiny at EDSA isn’t important; it’s just that he has a lot of things to do.
Capitalism and freedom in Asia

Capitalism and freedom in Asia

“The over-all speed of advance will be increased by those who move fastest. Even if many fall behind at first, the cumulative effect of the preparation of the path will, before long, sufficiently facilitate their advance that they will be able to keep their place in the march.” -- Friedrich Hayek, Chapter 5, The Constitution of Liberty (1960)
Fighting pneumonia

Fighting pneumonia

Pneumonia is a serious infectious disease and should never be taken lightly. It is one of the leading causes of sickness and death in the country, according to the Department of Health (DoH). Pneumonia is a bacterial infection caused by Streptococcus pneumonia, more commonly known as the pneumococcus (plural: pneumococci). Pneumococcal disease, which refers to any type of infection caused by pneumococci, includes pneumonia, meningitis (inflammation of the meninges, the membranes that cover the brain and spinal cord) and febrile bacteremia (presence of bacteria in the blood); otitis media (ear infection), sinusitis and bronchitis. Haemophilus influenzae type b (Hib) is the second most common cause of bacterial pneumonia.
peso dollar bills

Peso climbs to fresh peak vs dollar

THE PESO climbed further to hit a fresh nine-month high versus the dollar on Thursday amid continued optimism on the trade negotiations between the United States and China.
PSE bells

Stocks decline on MSCI rebalancing, trade talks

SHARES SUFFERED a bloodshed on Thursday on the back of the MSCI rebalancing, alongside inflation concerns at home and sluggish developments in trade war negotiations overseas.
Alaska Aces

PBA: Alaska Aces out to extend winning run

ON a roll before the Philippine Basketball Association took a two-week break for the FIBA World Cup Asian Qualifiers window, the Alaska Aces look to pick up where they left off when they return to action today at the Mall of Asia Arena.
UST Tigresses

UST Tigresses seek to keep form versus FEU Tamaraws

THE University of Santo Tomas Golden Tigresses seek to stay galloping in UAAP Season 81 when they go up against the Far Eastern University Lady Tamaraws in league action on Saturday, March 2, at the Smart Araneta Coliseum.
Kaya FC-Iloilo

Late equalizer forces Kaya to settle for draw

LOCAL football side Kaya FC-Iloilo missed out on getting the full three points in its 2019 AFC Cup opener after a late equalizer forced it to settle for a draw in Laos.
UP Fighting Maroons

Inspiring run by University of the Philippines Maroons to be immortalized in book

ONE of the feel-good stories in the University Athletic Association of the Philippines is set to be immortalized as a coffee-table book on the inspiring run of the University of the Philippines men’s basketball team in Season 81 is being cooked up.
7-Eleven Trail 2019

7-Eleven Trail 2019 to sponsor top 3 cyclists to Spain

OVER 3,000 cyclists overcame difficult terrain to prove they are the best of the best at the recently concluded 7-Eleven Trail 2019, marking the sixth year of the biggest and most anticipated mountain bike race in the Philippines. The race, which took place at Timberland Heights in Rizal last Feb. 17, once again became a platform for the cycling community to hone their biking skills and gain a deeper appreciation for the environment.
iWant Sports logo

ABS-CBN’s iWant now has a sports section

CONSISTENT with its push to reach more Filipinos in the digital space, ABS-CBN recently launched a sports section on its popular streaming device iWant.
Dwyane Wade

Wade helps Miami Heat stun Golden State Warriors

LOS ANGELES -- Dwyane Wade banked in a miracle shot -- a three-pointer at the buzzer off of one leg -- as the host Miami Heat shocked the two-time defending NBA champion Golden State Warriors 126-125 on Wednesday night.


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Hall of Famer center Abdul-Jabbar auctions four NBA champion rings

LOS ANGELES -- An auction featuring four of Hall of Fame center Kareem Abdul-Jabbar’s NBA championship rings runs through Saturday.

Time to go

To argue that Carmelo Anthony has had a controversial 2018-19 campaign would be to understate the obvious. Following a season with the Thunder in which he wound up an ill fit as a third option, he found himself traded to and bought out by the Hawks (in the process literally earning an unused jersey), and then signing, to much fanfare, with the Rockets. Unfortunately, his welcome lasted all of three weeks; he was decommissioned after 10 games, and then traded to the Bulls, who also saw fit to promptly cut their ties with him. All the criticisms about his outdated style of play aside, he deserves a better finish to his Hall of Fame career.

Getting kicked and being told to ‘go back to the kitchen’: What it’s like...

‘If you play casually, people are like savages.’
BSP

S&P cites stronger banking industry

S&P Global Ratings gave a higher score for the Philippine banking system, citing better growth prospects following enactment of a law strengthening the central bank.
loan banking

Banks mark Q4 with bigger returns despite slower loan growth

FOURTH-QUARTER growth of assets and loans of the country’s biggest banks continued to post double-digit rates even as they recorded smaller increases than year-ago levels.

Combined assets of the Philippines’ largest banks reach P16.58 trillion in 2018

FOURTH-QUARTER growth of assets and loans of the country’s biggest banks continued to post double-digit rates even as they recorded smaller increases than year-ago...
Supreme Court (SC)

Supreme Court moves to speed up resolution of small money claims

THE SUPREME COURT has increased the ceiling for small money claims cases filed with metropolitan trial courts nationwide uniformly to P400,000 from P300,000, effective April 1, raising government hopes the move could help improve the Philippines’ performance in the World Bank’s annual ease of doing business reports.
gas pump

Random fuel mark tests start June

THE FIRST ROUND of field tests for marked fuel is scheduled to start in June, with authorities expecting to cover at least 15 billion liters this year and crack down on other smuggled petroleum products.

ALI plans massive fund raising

AYALA LAND, Inc. (ALI) plans to raise up to P45 billion in fresh capital this year to partially fund general corporate requirements and to refinance loans.

Metro Pacific keen on Medical City

THE chairman of Metro Pacific Investments Corp. (MPIC) is looking at hospitals in Mindanao for possible acquisitions, while awaiting the resolution of the ownership dispute within The Medical City, a hospital he is keen to acquire.

PSEi likely to close at 8,900 by end-2019

THE Philippine Stock Exchange index (PSEi) is likely to close at the 8,900 level by end-December, driven by lower interest rates and upbeat earnings expectations for the year, according to investment bank UBS Philippines.
PXP_energy_logo

MVP says CNOOC snubs PXP Energy offer to resume talks

PXP ENERGY Corp. has again reached out to China National Offshore Oil Corp. (CNOOC) for the resumption of talks about jointly exploring petroleum in the contested seas but was met, so far, with silence, the local company’s chairman said.

Are PHL banks ready to play with FIRe?

ARTIFICIAL intelligence (AI), robotics, cloud computing, machine learning, and the Internet of Things (IoT) are among the things that make up Industry 4.0 — more commonly known as the Fourth Industrial Revolution (FIRe). As these technology breakthroughs are becoming more evident in business and day-to-day living, how prepared is the country’s financial system in harnessing its potential benefits and at the same time, mitigating its potential costs?

US firm shuts China factory, relocates to Philippines — DTI exec

EVER WIN International Corp., a California-based global supplier of device accessories, has shut down one of its factories in China and relocated to the Philippines due to rising manufacturing costs in the former, according to a top official at the Department of Trade and Industry (DTI).

IDC sees slower PC demand in the Philippines

THE INTERNATIONAL Development Corp. (IDC) forecasts slower demand for personal computers in the Philippines this year amid a supply shortage in Intel’s computer processing units.