Home 2019 February 11

Daily Archives: February 11, 2019 | 10:12 pm

BoT BTr treasury

BTr watching rates for possible retail bond issue

THE GOVERNMENT SAID it is looking at issuing retail Treasury bonds (RTB), in time for the passage of the 2019 national budget and amid speculation of a possible cut in bank reserve requirements, though the National Treasurer described the government’s current cash position as “very healthy.”

Japan signals further support for Mindanao peace process

JAPAN will provide additional support to the Mindanao peace process, especially for activities involving the implementation of the Bangsamoro Organic Law.
Land Bank of the Philippines (LANDBANK)

LANDBANK loans to agribusiness rise 83% in 2018

THE Land Bank of the Philippines (LANDBANK) said lending to agribusiness entities rose 83% in 2018, which supported the rapid expansion of its loan book.
Manila Bay

House panel questions impact of Manila Bay reclamation

THE HOUSE committee on Metro Manila Development on Monday raised concerns about the Manila Bay cleanup, questioning plans for further reclamation.
sugar cane

Sugar production estimate cut amid reduced tonnage, rising yields

THE Sugar Regulatory Administration (SRA) reduced its estimate for sugar production for the crop year 2018-2019 to 2.079 million metric tons (MMT) from 2.225 MMT previously, with gross tonnage declining while favorable weather produced higher yields.
Subic Bay

Gordon reports out bill reducing national gov’t take from ecozone tax

SENATOR Richard J. Gordon, who chairs the chamber’s committee on government corporations and public enterprises, sponsored to the plenary a bill seeking to increase the powers of the Bases Conversion Development Authority (BCDA).
sweet potato kamote

PHL sweet potato farmers need access to more tech

THE International Potato Center (CIP) said the sweet potato industry in the Philippines is not pushing out processing technology to the farm level and in many cases has insufficient linkages between the producers and markets.
Iloilo waterfront port area

House to review Iloilo flood control projects during campaign period

SPEAKER Gloria Macapagal-Arroyo is set to convene the Oversight Committee on Disaster Management over the Congress break to look into the implementation of the flood control projects in Iloilo City.
Insurance Commission (IC)

Health insurance buyers given 15-day period to read fine print

THE Insurance Commission (IC) is requiring all insurers to give a “free-look” period for health insurance policies to allow clients to decide whether to proceed with the contract.

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How much are we supposed to pay under the amnesty tax?

A tax amnesty is an opportunity to start over with a clean slate. Taxpayers with ongoing audits would consider this an opportunity to settle deficiency taxes more efficiently. An audit, even for taxpayers who are compliant, is costly and stressful. To quantify the degree of relief on offer, some tax accountants and managers have computed the savings that can be realized and even prepared position papers to argue the benefits of availing of a tax amnesty, noting that they outweigh the costs.
Rice, Paddy Production (million tons) and Yield (tons per hectare) in East Asia

Solar para sa pulitika, Rice Tariffication para sa masa

The cronyist “Solar para sa Bayan Corporation” (SPBC) franchise bill (HB 8179) was magically passed by the House of Representatives despite opposition by many groups in the energy sector. Among the oppositors is the Developers of Renewable Energy for AdvanceMent, Inc. (DREAM), the umbrella organization of all RE associations in the Philippines.

Corporate Governance Paradigm under the Corporation Code of the Philippines

The Corporation Code contains its own set of “corporate governance (CG) principles,” which can be summarized into the following general statements:

Challenges to regional security: Territory and terrorism

The two major issues confronting Southeast Asia today are (a) the dispute between and among claimant states for the control of resources in the South China Sea and (b) the rising threat of armed extremist groups. These two issues are the major stimulus for the military buildup happening in the region today.

How should HR gain business acumen?

I WOULD like to hit the ground running with this piece. I can do that because I am a former, hard core, businessperson who has moved into the field of people development.
Phoenix Pulse Fuel Masters

Fuel Masters remain upbeat despite absorbing first loss

THE BEST start in the Philippine Basketball Association of the Phoenix Pulse Fuel Masters came to an end on Sunday after they absorbed their first defeat in the ongoing Philippine Cup at the hands of the streaking Rain or Shine Elasto Painters, 98-94, in overtime.
Ben Simmons v LeBron James

Embiid nets 37 as Sixers scorch Lakers

LOS ANGELES -- Joel Embiid scored 37 points and grabbed 14 rebounds to lead the host Philadelphia 76ers to a 143-120 victory Sunday against the Los Angeles Lakers.
Petron Blaze Spikers

Defending champions Petron Blaze Spikers gear up for tough Philippine Superliga Grand Prix grind

DEFENDING Philippine Superliga Grand Prix champions Petron Blaze Spikers begin their title defense on Saturday, in a tournament they view as not going to be easy with a very competitive field.
Margielyn Didal

Go For Gold PHL skateboarding team begins SEA Games buildup

FOCUSED on delivering the goods in the coming Southeast Asian Games, the Philippine skateboarding team under the Go For Gold program will embark on a series of regional tryouts to discover the finest skaters in the country.

Crucial MPBL Datu Cup matches in store in Valenzuela

BATAAN Risers tries to hold on to the solo lead in the MPBL Datu Cup even as host team Valenzuela hopes to catch the last bus to the quarterfinal round when it shoots for a win in the main game of Tuesday’s double header at the Valenzuela Astrodome.

My pet line

A few columns ago I was writing about the need to vary your chess style when playing under different time controls, i.e., standard, rapid or blitz conditions. Specifically, it is a good idea to have a more aggressive opening repertoire for the faster games. England’s GM Michael Adams, who won a big share of rapid tournaments in the 90s and early 2000s, has always preached that in quickplay your goal is not prophylaxis or solidity -- the correct way is to keep your pieces active at all times. The mistakes are going to come, and to have a chance to finish on top your pieces have to have scope.

Scary Sixers

Not a few quarters took the Sixers to task shortly after the trade deadline, arguing that they overpaid just to pry erstwhile journeyman turned vital cog Tobias Harris from the Clippers. And, given the tenor of other deals for similarly valued assets, the criticism had basis. After all, such notables as Marc Gasol, Harrison Barnes, Otto Porter JR., and Nikola Mirotic changed jerseys without a single first-round pick involved in the process. On the flipside, though, no one in the City of Brotherly Love seems to think the two that general manager Elton Brand gave up could have been put to better use.

Peso briefly touches P51:$1 level

THE PESO declined against the dollar on Monday, even as it brushed the P51 to $1 level intraday, as investors flocked to safer currencies amid uncertainty in the trade negotiations between the United States and China.

Investors cautious as earnings reports trickle in

THE PHILIPPINE Stock Exchange index (PSEi) began the week lower for the second straight trading day, with investors staying cautious as fourth-quarter and full-year 2018 earnings reports begin to trickle in and amid nagging uncertainty in the trade row between the world’s two biggest economies.

DoH flags vaccine hesitancy as measles cases rise

THE DEPARTMENT of Health (DoH) on Monday reported an estimated threefold rise in measles cases nationwide, with the death toll now at 70.

US, Japan commit support for PHL’s fight vs terrorism

THE UNITED STATES has committed over P300 million in “intelligence support” to the Philippines, Malacañang announced on Monday.

DoJ extends deadline for Lapeña’s counter-affidavit

THE DEPARTMENT of Justice (DoJ) on Thursday allowed former Bureau of Customs (BoC) chief and now Technical Education and Skills Development Authority (TESDA) Director-General Isidro S. Lapeña to submit on Feb. 21 his counter-affidavit to the complaint against him in connection with the shabu kept in magnetic lifters that slipped past the BoC during his watch in 2018.
gas pump

Gasoline higher by P.90/L this week, other fuel products also up

AFTER LAST week’s decline, the prices of petroleum products will resume their climb this week, with gasoline recording its biggest increase so far this year.

Comelec warns candidates on election offenses as campaign period starts

THE COMMISSION on Elections (Comelec) has issued a reminder to candidates in the upcoming national and local elections that they can be penalized for prohibited campaign materials, even if these were supposedly put up by supporters without their knowledge.


A brief program of remembrance will hold on Feb. 16 at this memorial by sculptor Peter de Guzman at the Plazuela de Santa Isabel...

Chinese in taho incident faces assault, disobedience charges

THE 23-YEAR old Chinese national who threw a soya drink at a police officer was formally charged before the Mandaluyong City Prosecutor’s Office on Sunday.

Inter-agency group formed for tighter watch on illegal drugs passing through Iloilo seaports

THE SEAPORT Inter-Agency Drug Interdiction Task Group for the Western Visayas Region (SIADITG-VI) has been formed to tighten the watch on illegal drugs that come through seaports in Iloilo, once tagged by the President as one of the worst narcotics areas in the country.

Consumer group, Zamboanga City residents file graft case vs NEA, Zamcelco

A CONSUMER group along with two homeowners associations in Zamboanga City have filed a graft complaint before the Office of the Ombudsman against officials of the National Electrification Administration (NEA) and officers of the city’s electric cooperative.

Davao City’s traffic light system undergoes rehabilitation

DAVAO CITY’s local government and motorists are banking on the ongoing rehabilitation of the 10-year old traffic signal light system to improve the worsening road congestion.

EastMinCom find 30 landmines allegedly planted by NPA

THE MILITARY’S Eastern Mindanao Command (EastMinCom) reported that it unearthed 30 landmines in various areas, allegedly planted by the communist armed group New People’s Army (NPA).

Nation at a Glance — (02/12/19)

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

Ups and downs in the oil industry

In the Philippines, there remains solid demand for a variety of petroleum products that are still largely imported. According to the Department of Energy (DoE),...

Refueling the oil industry through tech

Like many other industries, the oil industry is undergoing a digital shift. Oil companies are now seeing the profound impact of technology in improving...

Playing a powerful role

“Quality, reliable, secure, and affordable power throughout the entire archipelago will be the backbone of a vibrant and robust Philippine economy,” wrote Department of...

Charting the future of the oil sector

There is nothing that has been more crucial to the development of the modern age than the oil industry. Its importance led to the...

BSP sees little inflation risk from El Niño

INFLATION will not zoom past target this year despite threats of a dry spell, a senior central bank official said, citing ample buffer stocks of rice to keep price hikes at bay.
loan banking

Big banks mark banner year of profits

BIG BANKS posted another banner year in 2018, with profits growing by a tenth at a time of higher borrowing costs and a weaker peso, latest central bank data showed.
cigarettes ashtray

Senate panel to push higher tax on tobacco when session resumes

THE SENATE Ways and Means committee will submit for plenary action a measure to raise the excise tax on tobacco products when Congress resumes session in May, even if there will be little time left by then to ensure enactment.
roads in Mindanao

Conflict-affected Mindanao areas to get $202-M Japan aid for roads

DAVAO CITY -- Japan, the Philippines’ biggest official development assistance (ODA) source, has committed a fresh $202-million fund for a road network project in conflict-affected areas in Mindanao as the two countries’ foreign ministers met on Sunday to discuss expanded bilateral tries.
farmer rice field

DA signals Palace may intervene to shield farmers from tariff bill

THE Department of Agriculture (DA) indicated that Malacañang will be open to changes to the rice tariffication bill that will benefit rice farmers in the country, Secretary Emmanuel F. Piñol said.