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Daily Archives: March 3, 2019 | 10:13 pm

The Most Important Appointment

The Most Important Appointment

We mourn the passing of Governor Nesting Espenilla. A profound loss to his family and friends, to the BSP which has been his home since UP days and to our country and people. As a tribute to him and his work, I am sharing the introduction of an interview Christine Tang and I did for GlobalSource Partners (globalsourcepartners.com) in January 2018.

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What the Philippine Coast Guard now needs

The role of the Philippine Coast Guard (PCG) in development has not been fully articulated. This essay attempts to show why it is necessary to provide budgetary support for the PCG, but it is equally important to determine where the priorities should be.
Makati’s audacious ambitions

Makati’s audacious ambitions

Bar none, the city of Makati is the country’s best foot forward to the world. It represents what we Filipinos are capable of as far as city planning and urban development goes.
Learning to trust fintech

Learning to trust fintech

“Here’s your credit card, Ma’am, no need to sign the charge slip for payments below P2,000,” the waiter at her favorite Italian restaurant says to the lady-lawyer, a regular diner. “But I want to sign the charge slip,” she insists. “See here, there is a blank space for the tip to be given, if the customer wanted the tip to be included in the credit card charge -- how would I know if an outrageous tip amount was added by someone without my knowledge? How can I prove, should I question my credit card statement, that I did not write in a tip on the charge slip?”

A list of don’ts

IT SEEMS easier to make a list of don’ts than to-do’s. The negative list is shorter and easier to follow. Laws are usually a list of unacceptable behavior, a list of no-noes’. Customs forms for instance specify only goods that are prohibited entry to a country like illegal drugs, fresh fruits, weapons, or currencies above a certain amount. A declaration of non-possession of these banned items is part of the usual immigration form. Anything not found in the negative list is allowable -- did they list pets?
Philippine Reclamation Authority (PRA)

Reclamation dev’t plans to be drafted in April

THE PHILIPPINE Reclamation Authority (PRA) said it hopes to start drafting regional and national reclamation development plans (RDPs) by April, in compliance with the President’s order to more closely supervise reclamation projects.
blackjack casino gaming

Offshore gaming workers targeted for tax enforcement

THE Department of Finance (DoF) said it will seek to compile a database of foreign workers hired by Philippine offshore gaming operators (POGOs) to help ensure that they pay the correct taxes.
PCC logo

PCC wants to have a say in technology transfer agreements

THE Philippine Competition Commission (PCC) is seeking to participate in the approval process for technology transfer agreements (TTAs), which are currently the domain of the Intellectual Property Office of the Philippines (IPOPHL), citing competition issues that may arise from such deals.

GOCC subsidies rise 4% in 2018; PhilHealth top recipient

SUBSIDIES granted to state corporations rose in 2018, with the bulk going to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury said.
sea ship

MARINA drawing up incentives for shipbuilding and repair industry

THE MARITIME industry regulator said it wants to attract private organizations to continue engaging in shipbuilding and repair by developing a scheme of tax incentives.
Social Security System (SSS)

SSS expands access to lending program for pensioners

THE Social Security System (SSS) said it will allow greater access to its Pension Loan Program (PLP) by relaxing some requirements for applicants.

CoA casts doubt on viability of NDC real estate unit

THE Commission on Audit (CoA) has issued a warning on the viability of GY Real Estate, Inc. (GYREI), a unit of the National Development Co. (NDC), after it posted eight years of consecutive operating losses totaling P54.945 million.
Court of Tax Appeals (CTA)

CTA denies power firm CBK’s P50-million tax refund claim

THE Court of Tax Appeals (CTA) denied for lack of merit the P50-million tax refund claim of CBK Power Co. Ltd for 2012, ruling that it is not entitled to such a refund.

Revitalizing retirement, pensions and social security

If we evolve our thinking about social security, pension, retirement and voluntary savings, could we deliver better socioeconomic outcomes for the Philippines and improve the financial well-being of millions of Filipinos?

Analysts flag ‘potential fractures’ in Bangsamoro Transition Authority

DEFENSE Secretary Delfin N. Lorenzana on Saturday said the national government may exercise its power to “remove” any appointed transition leader who is “perceived to be sabotaging” the transition government of the new Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

Measles epidemic tops 14,000 cases and still rising

THE NUMBER of cases of measles in the Philippines has exceeded more than 14,000 and the count is still rising even as the government steps up its campaign against a vaccine scare that was triggered by deaths allegedly caused by Dengvaxia, a vaccine against dengue.

Senate to be updated on Build, Build, Build

THE Senate committee on economic affairs will open its inquiry on Tuesday into the status of infrastructure projects under the government’s Build, Build, Build program.

Keep human-rights compensation out of politics, CHR appeals

THE COMMISSION on Human Rights (CHR) has appealed to the public not to politicize the redistribution of financial reparations for human rights-abuse victims during the Marcos regime.

Bicameral panel set for ‘Murang Kuryente’ measure

THE HOUSE of Representatives and the Senate are set to convene on Thursday the Bicameral Conference Committee on the proposed Murang Kuryente Act.

Senate OK’s renewed franchise for Mike Velarde’s network

THE SENATE has passed on third and final reading the bill extending for another 25 years the broadcasting franchise of Delta Broadcasting System, Inc., which is owned by El Shaddai leader Brother Mike Z. Velarde.

ROTC revival targeted for 2020

THE Department of National Defense (DND) is looking at next year to revive the Reserved Officers’ Training Corps (ROTC).
Jayson Castro

KaTropa put an end to Painters’ winning run

THE TNT KaTropa made a triumphant return to PBA Philippine Cup action on Sunday as they cut down the erstwhile streaking Rain or Shine Elasto Painters, 100-92, at the Ynares Center in Antipolo City.
Ateneo Lady Eagles

Ateneo makes short work of UE

THE Ateneo Lady Eagles soared to their third straight win in Season 81 of the University Athletic Association of the Philippines with a shutout victory over the University of the East Lady Warriors, 25-15, 25-21 and 25-16, on Sunday at the Smart Araneta Coliseum.
Philippine Premier League (PPL) logo

Seven teams confirmed for Philippine Premier League as season kicks off March 30

THE rebranded local club football league -- Philippine Premier League -- is scheduled to fire off later this month with seven teams set to participate.
Jon Jones

Jones basking in newfound ‘continuity’ in UFC career

AFTER a stretch in his mixed martial arts career that had him fighting a few times and far in between, Ultimate Fighting Championship (UFC) champion Jon “Bones” Jones said it feels great to have some “consistency” now and looking forward to such a setup moving forward.
Mobile Legends MPL

Mobile Legends pro league set for third season

THE highly popular Mobile Legends: Bang Bang pro league in the country is to unfurl its third season this month with organizers touting it to be another exciting one as it is out to build on the significant gains it had achieved in the previous two stagings.
Roger Federer

Federer claims 100th title

DUBAI -- Roger Federer claimed the 100th ATP title of his career by beating 20-year-old Greek Stefanos Tsitsipas 6-4 6-4 in the final of the Dubai Duty Free Tennis Championships on Saturday.

Clark leads by one as Singh charges into tie for second

FLORIDA -- Wyndham Clark birdied five of his first seven holes and hung on for a one-stroke lead as Fiji veteran Vijay Singh stormed into contention in the third round of the Honda Classic on Saturday.

Still exploding @ 40

Great players had great games left in them.

Disgusted James

LeBron James didn’t even bother to wait for the game to finish. With around 15 ticks left in the contest, he left the court and headed straight to the locker room. Clearly, he was in no mood to exchange pleasantries with the visiting victors, and he made sure to tell all and sundry why in his post-mortem. “We blew it,” he said. And he was right. For the better part of 46 minutes, the Lakers proved the equal of the league-leading Bucks. For the better part of 46 minutes, he proved superior to Giannis Antetokounmpo, the preemptive Most Valuable Player. Unfortunately, they imploded in the last two, and in such a way as to make the worst of the worst blush in embarrassment.