Home 2019 February 10

Daily Archives: February 10, 2019 | 10:32 pm

coconut levy

Palace wants Executive role in coco levy fund bill

PRESIDENT Rodrigo R. Duterte wants more safeguards and a stronger Executive role in the implementation of the P10-billion annual appropriation for the development of the coconut industry, Malacañang said on Saturday, explaining a bill on the coco levy fund vetoed by Mr. Duterte.
Lake Sebu 1

TRAVEL: The placid Lake Sebu

LAKE SEBU, SOUTH COTABATO -- There is something mystical about Lake Sebu, but while I have always considered it part of my bucket list, and it was only a few hours away from my hometown, it took me several decades to finally visit the place.
Inayawan landfill

Court junks petition vs Cebu City’s Inayawan landfill rehab and closure

THE CLOSURE and rehabilitation of the Inayawan Sanitary Landfill in Cebu City can now proceed as planned after a regional trial court (RTC) junked a petition for a temporary restraining order and/or writ of preliminary prohibition filed by a construction company.
Jiale Zhang

Chinese in MRT scene to be recommended as ‘undesirable alien’

NATIONAL CAPITAL Region Police Office (NCRPO) Director Guillermo T. Eleazar said he will recommend placing the Chinese national who threw a drink at a police officer at the Metro Rail Transit-3 as an “undesirable alien.”
Cecilia C. Borromeo and Nelson L. Dayanghirang

Davao Oriental secures P650M loan from DBP for various projects

THE DAVAO Oriental provincial government has secured a P650 million loan from the government-run Development Bank of the Philippines to fund several “high-impact” projects.
Rain or Shine Elasto Painters

ROS stops Phoenix rise

THE Rain or Shine Elasto Painters edged out the Phoenix Pulse Fuel Masters in their battle of league-leading teams in the PBA Philippine Cup on Sunday at the Smart Araneta Coliseum, winning, 98-94, in overtime.
James Harden v Paul George

George’s 45 tops Harden’s 42 as Thunder ground Rockets

LOS ANGELES -- Paul George outgunned James Harden in a matchup of MVP candidates, and the Oklahoma City Thunder erased a 26-point deficit to escape with a 117-112 win over the host Houston Rockets on Saturday.
Milo Summer Taekwondo Clinic

‘Customer centricity’ key to success of Milo Summer Sports Clinics

FOR 36 years now, the annual Milo Sports Clinics have been a much-awaited activity for children in the summer as it continues to highlight sports as a means not only to get kids active but also to teach valuable lessons one can learn outside the classroom.
Kaya FC-Iloilo

Kaya AFC Cup home games at Panaad Stadium

WITH its home turf unable to secure the nod to host an Asian Football Confederation (AFC) contest, Kaya FC-Iloilo will play its home matches at the Panaad Park and Football Stadium in Bacolod, the team had announced.


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Pelicans’ Davis uncertain about Saturday status

ANTHONY DAVIS’ playing status for the New Orleans Pelicans’ Saturday road game against the Memphis Grizzlies was uncertain after the star forward made an awkward return to action Friday.
De La Salle-College of Saint Benilde Sports-Dorm Building

Benilde sports center, dorm set to open later this year

CONSTRUCTION of the first sports center and dormitory for scholars and athletes of the De La Salle-College of Saint Benilde is coming along well with the facility set to open its doors by August.

Streamlining SBP program

Yeng Guiao, Patrick Aquino, Jong Uichcico, and possibly, Tab Baldwin are all under the coaching stable of the Samahang Basketball ng Pilipinas.

All-Star draft

“No matter where you get picked, it’s good to be an All-Star,” Kevin Durant noted as the media peppered him with queries regarding the draft process for the National Basketball Association’s annual spectacle. He was in a much better mood than that of the other day, when he pushed back at scribes for continually ruminating on his future even with free agency still five months out. Perhaps the relative ease with which the Warriors just won over the host Suns helped, as did the talk he had with head coach Steve Kerr. In any case, it looked to be a fitting start to a good weekend.
Farm Productivity Rankings, 2003 and 2013

To the Duterte Administration: pay attention to Agriculture!

The recent spike in rice inflation and its harm on the macro-economy and poverty incidence has focused attention to long-standing failures of our agricultural sector. This is evident in comparative statistics vs. peers, e.g. farm productivity (see table below), agriculture sector growth, rural poverty incidence.

Primogeniture in family business

Primogeniture: the state of being firstborn of the same parents. In common practice since time immemorial in most cultures, the eldest child, most often specified to be the oldest male offspring, inherits real property and the family business. Is that still so in our culture?
Folks, meet Erin

Folks, meet Erin

With the Supreme Court under pressure to grant the wishes of Malacañang and a House of Representatives acting as its virtual rubber stamping, the Senate is the lone body that mitigates and provides checks and balances on the executive branch. Hence, having a strong Senate composed of competent lawmakers is vital to setting the nation on the right course.

The prophet motive

THE TV interview format has become quite a staple. These are now accompanied by visuals like graphs, charts, picture windows in the background with trees and moving traffic, and videos of people walking fast along the sidewalks to enhance the drabness of talking heads. The interviewer features a designated resource person to provide some expertise on the topic at hand.
UHC-Tobacco Tax, an #AlagangAngara Legacy?

UHC-Tobacco Tax, an #AlagangAngara Legacy?

The bill to substantially increase the tobacco tax has gained momentum. President Rodrigo Duterte and the Cabinet have certified as urgent Senate Bill 1599, sponsored by Senator Manny Pacquiao, which will increase the current rate of tobacco tax from P35 to P60. Senators JV Ejercito and Wyn Gatchalian have filed separate bills that have higher tobacco tax rates than the Pacquiao bill.
Benjamin E. Diokno

Diokno rejects bid to ‘pressure’ Duterte into budget veto

BUDGET Secretary Benjamin E. Diokno said President Rodrigo R. Duterte should not be “pressured” into drafting a veto message for the budget, amid threats by some legislators to question the 2019 spending program before the Supreme Court.
DBP

DBP tapped as financial advisor for projects endorsed by MinDA

DAVAO CITY -- The Mindanao Development Authority (MinDA) has tapped the Development Bank of the Philippines (DBP) as financial advisor for 12 major projects and as a possible loan provider for other proposed ventures in the southern islands.
Court of Tax Appeals

CTA rejects BIR appeal of Ayala Land unit tax ruling

THE Court of Tax Appeals (CTA) denied for lack of merit a motion for reconsideration filed by the Bureau of Internal Revenue (BIR) over a cancelled P29-million tax deficiency assessment against Ayala Land International Sales, Inc.
OFW

Bill discounting OFW remittance fees passes House on 2nd reading

A MEASURE granting migrant workers discounts on remittance fees has been approved on second reading at the House of Representatives.

Dealing with common issues in a BoC Audit

When shipments are “cleared” at the border after payment of duties and taxes, importers often assume that the Bureau of Customs (BoC) will simply move on without double-checking the shipment. This assumption is inaccurate. The BoC can actually conduct an audit of past transactions, similar to the function of the Bureau of Internal Revenue (BIR). This exercise is the Post-Clearance Audit (PCA). It usually covers the last three years of importations and the PCA is undertaken to check the correctness of importers’ goods declarations, and the accuracy of their tax payments.