Home 2019 February 4

Daily Archives: February 4, 2019 | 10:01 pm

National Economic and Development Authority (NEDA)

Airport proposal of Cavite gov’t now with NEDA

THE PROPOSED airport project of the Cavite local government is now in the hands of the National Economic and Development Authority (NEDA), a top official of the government unit said.
rice grains farmer

Palay average price down by 0.30% in mid-January

PALAY average farmgate price went down by 0.30% to P19.79 per kilogram in the third week of January from P19.85 per kg in the second week, the Philippine Statistics Authority (PSA) said on Monday.
light bulb electricity

Senate, House approve Murang Kuryente bill

THE two chambers of Congress on Monday approved on third and final reading the bill proposing to use the government share of the Malampaya fund as subsidy to settle obligations of the National Power Corp. (NPC).
PCC logo

PCC to tap DTI in review of competition environment

THE Philippine Competition Commission has sought the Department of Trade and Industry’s (DTI) coordination in gathering information as part of the anti-trust body’s regular review of the competition environment among various sectors.
Ramon M. Lopez

DTI mulls adjustments in sugar importation

THE Department of Trade and Industry (DTI) said it is considering a tariff protection or quantitative restriction on sugar shipments, as part of a broader plan to relax the current sugar import process.

House OK’s bill on 20% discount in student fares

THE House of Representatives on Monday approved on third and final reading the bill institutionalizing the grant of the 20% student fare discount in public transportation.
Seal of the Philippine House of Representatives

House panel approves bill on tax incentives for employers hiring PWDs

THE House Ways and Means Committee on Monday approved the measure granting additional privileges to persons with disability by increasing incentives to their employers.

Senate approves 4Ps bill

THE Senate on Monday approved on third and final reading the bill seeking to institutionalize the government’s anti-poverty Pantawid Pamilyang Pilipino Program (4Ps).

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Overcoming tax filing predicaments under TRAIN

The comprehensive tax reform program (CTRP) was envisioned to redesign the Philippine tax system to be simpler, fairer and more efficient. Aligned with the said objectives, the first package of the CTRP or the Tax Reform for Acceleration and Inclusion (TRAIN) Law brought many changes on the overall tax compliance procedures. Some of these changes are the streamlined filing of tax returns, adjustments to tax payment deadlines, and revision of tax rates, the implementation of which requires the Bureau of Internal Revenue (BIR) to update its system and issue revised tax returns.
Shaping A Competitive Future

Shaping A Competitive Future

A new year has begun for the Management Association of the Philippines. As in the past years, our activities for 2019 will be guided by a theme. For this year, it is “SHAPING A COMPETITIVE FUTURE.”
Rice tariffication is good for our rice farmers, our country

Rice tariffication is good for our rice farmers, our country

DA Undersecretary Fred Serrano threw his support to groups urging President Duterte to veto the rice tariffication law in Friday’s issue of Business Mirror.

Are the satisfaction ratings reported by Social Weather Stations valid?

Social Weather Stations’ fourth quarter 2018 survey found 54% satisfied and 17% dissatisfied with the Supreme Court of the Philippines, and 52% satisfied and 17% dissatisfied with the Cabinet as a whole.
Dump the Grump, Indian Style

Dump the Grump, Indian Style

SHE WAS all bent up and her bones screamed with pain every time she hobbled from one room to another, but her cheeks were always rosy and up in a smile. When kids and family approached her, they saw happiness, and felt truly loved and cared just by the look of her eyes. Whenever I watched her from a distance the song, “Close to You” would be playing in my head.
Ricky Vargas

POC’s Vargas stresses role of private sector in SEAG hosting success

FOR the country to hold a successful staging of the Southeast Asian Games later this year, the support of a whole community -- and that includes the private sector -- is needed. Thus, said, Philippine Olympic Committee (POC) President Ricky Vargas.
Super Bowl LIII 1

Patriots topple Rams in SB LIII, 13-3

ATLANTA -- The New England Patriots beat the Los Angeles Rams 13-3 on Sunday in the lowest scoring Super Bowl played to capture the National Football League championship for a record-tying sixth time.
Ceres-Negros FC

Ceres hosts Yangon United in ACL preliminary KO match

TOP local football club Ceres-Negros FC begins its trek for a spot in the 2019 AFC Champions League today when they take on visiting Yangon United of Myanmar in the first stage of a three-phase qualifier at the Panaad Park and Football Stadium in Bacolod City.
Carlos Barroca and Tony Dela Cruz

Jr. NBA Philippines grassroots program continuing to evolve after 12 years

FOR the 12th straight year the National Basketball Association’s global youth basketball participation program -- Jr. NBA -- is to be held in the country in 2019.

Artemiev wins in Gibraltar

The Gibraltar Masters this year was won by two representatives of the next generation. Twenty-year-old Vladislav Artemiev of Russia finished with an 8.5/10 2941 performance to earn himself £25,000 (roughly P1.7 million) and an extra 27.4 rating points.
Tom Brady


Tom Brady looked mortal for most of Super Bowl LIII. In fact, he was decidedly ordinary; up until late in the fourth quarter, the most accomplished quarterback in National Football League history could not overcome a well-prepared Rams defense designed to thwart the same air attack that enabled the Patriots to put up record numbers en route to yesterday’s affair. And then something happened: He happened. As with his other appearances in the Big Game, he delivered when his best was most needed and ultimately finished with yet another victory.
peso bills DBM

Peso slumps on strong US jobs report

THE PESO slumped against the dollar on Monday as the greenback strengthened across the board following upbeat US employment data as well as Wall Street’s rally.
PSE BGC bell

Stocks decline in subdued trade ahead of holiday

LOCAL EQUITIES dropped on the first trading day of the week, as most investors paused ahead of the Chinese New Year holiday.

5 ASG surrender, but bombing probe still on

A SENIOR Abu Sayyaf Group (ASG) operative and four members of the militant group believed to be behind the deadly bombing of a Catholic church in the southern Philippines surrendered to authorities over the weekend, the national police chief said on Monday.

Bill allowing motorcycles as public transport passes 3rd reading

THE HOUSE of Representatives has approved on third and final reading the bill allowing and regulating the use of motorcycles as public utility vehicles.

House deputy speaker assures May ’19 midterm elections a go

CONFIDENT THAT the bicameral conference committee will meet its Feb. 6 deadline on the budget bill ratification, Deputy Speaker Prospero A. Pichay, Jr. said on Monday that the “no-el” (no election) scenario in May is unlikely.

Lorenzana: Let’s protest the ‘rescue center’

DEFENSE SECRETARY Delfin N. Lorenzana agrees with the position of Foreign Affairs Secretary Teodoro Locsin L. Jr. that the government should protest the “rescue center” built by China in the West Philippine Sea.

Malacañang says stricter rules on lawmakers’ SALN release not in line with transparency

MALACAÑANG ON Monday said House Resolution 2467, which sets “stringent rules” on public access to lawmakers’ statements of assets, liabilities, and net worth (SALN), “may not be consistent with transparency and accountability of public officials.”
Bureau of Immigration (BI)

Chinese top list of arrested foreigners

CHINESE NATIONALS topped the list of the foreigners arrested by the Bureau of Immigration (BI) in 2018.

Anti-turncoatism bill passes 2 committees

THE BILL penalizing political turncoatism to strengthen the political party system in the country has hurdled two committees in the House of Representatives.

Zamboanga City to mediate power supply woe

ZAMBOANGA CITY Mayor Maria Isabelle Climaco-Salazar has appealed to supplier Western Mindanao Power Corp. (WMPC) and electricity distributor Crown Desco to work out a deal after the former issued a notice of temporary supply suspension last week due to unpaid accounts.

Southern Leyte now gets 2 representatives in House

PRESIDENT RODRIGO R. Duterte has signed a new law dividing the province of Southern Leyte into two legislative districts.

Security measures tightened in Iloilo worship sites, airport

PROMPTED BY the recent terror attacks in Mindanao and the alleged presence of members of Islamic State-inspired groups in Iloilo City, Mayor Jose S. Espinosa III has ordered increased police visibility in places of worship.

Japanese-funded Marawi road rehabilitation, housing projects break ground

A CEREMONIAL groundbreaking for the P970-million road rehabilitation projects, funded by a Japanese government grant, was held Monday, marking the start of implementation through the Department of Public Works and Highways (DPWH). Leading the ceremony were Japanese Ambassador to the Philippines Koji Haneda, DPWH Secretary Mark A. Villar, and officials from the city and provincial governments. Mr. Villar said the projects cover the civil works for the Marawi Transcentral Road Contract spanning 9.56 kilometers (km), and detailed engineering designs of 13 other road sections with a total length of 20.80 km. Meanwhile, civil works for another Japan International Cooperation Agency (JICA)-funded project, involving the 9.41-km Bacong-Iligan-Marawi Road, is now under the bidding process.

Nation at a Glance — (02/05/19)

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

Outlier: Premiere Horizon shares up on market speculation

SPECULATION has made the Premiere Horizon Alliance Corp. (PHA) stock one of the most actively traded last week following their disclosure on plans to acquire companies engaged in real estate and tourism hospitality in the next two years – just a week after the news of the company securing P15-billion worth of funding from a Qatar-based investment firm.

Forecast for the Year of the Earth Pig

Every time another Lunar New Year signs on, people who still subscribe to ancient Chinese beliefs wait for predictions based on the zodiac sign...

How Chinese New Year finds its roots in myth and legend

Otherwise known as the Spring Festival in modern China, Chinese New Year is a festival that celebrates the beginning of a new year on...

Lucky foods for a good fortune

Food is one of the major elements of Chinese culture and is one of the things that Chinese people take the most pride in....

Celebrate the Lunar New Year at these hotels

If you’re looking for a place to ring in the Lunar New Year and looking to indulge yourself in lip-smacking Chinese cuisines, we’ve got...

Best countries to start an IT business

Information technology or simply IT is probably the most prolific industry at a global level at the moment. With many sub-industries, IT will continue...
sari sari store

Poll sees steady policy as inflation eases

INFLATION likely slowed further in January as food prices sustained a decline, analysts said in a BusinessWorld poll, adding that this should enable the central bank to keep interest rates steady for the second straight meeting.
peso bills

BSP official says even reserve requirement cut now may be ill-timed

ANOTHER senior central bank official made the case for steady monetary policy settings at this week’s meeting, saying it may not be opportune to cut even banks’ reserve requirement just yet.
CMA CGM Louis Bleriot HHIC-Phil Hanjin

Hanjin’s rehabilitation receiver resigns

HARDLY had moves to rescue debt-saddled Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) begun than the rehabilitation receiver resigned last week, citing creditors’ opposition to his appointment.

Analysts’ January Inflation, February Policy Rates Expectation

INFLATION likely slowed further in January as food prices sustained a decline, analysts said in a BusinessWorld poll, adding that this should enable the...
crane infrastructure construction

DBS cites export slump, budget troubles as growth risks

THE ECONOMY will likely grow faster this year, a global bank said while flagging a sustained export slump and a reenacted budget as possible dampers of domestic activity.

Agri dep’t seeking to tap drones for disaster damage validation

THE Department of Agriculture (DA) is seeking to establish a drone technology center with the help of universities, in order to map disaster-prone areas and facilitate faster field validation of damage caused to agriculture by calamities.