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Daily Archives: March 4, 2019 | 10:23 pm


Cavite extension of LRT-1 to begin construction next month

THE construction of the Light Rail Transit Line 1 (LRT-1) extension to Cavite is scheduled to begin next month, the Department of Transportation (DoTr) said.
Mindanao rail system

NEDA final hurdle for Mindanao railway before China ODA

THE DEPARTMENT of Transportation (DoTr) said it expects to make significant progress in securing official development assistance (ODA) from China for the Mindanao Railway Project this month.
BoT treasury

Jan. government debt rises 2.8% vs Dec.

OUTSTANDING government debt rose in January to record levels after increased domestic and foreign debt, tempered by a stronger peso, the Bureau of the Treasury (BTr) said.
gas pump

Oversight panel to review 5% coconut biofuel proposal

THE Congressional Oversight Committee on Biofuels is set to conduct a hearing on the proposal of the Department of Agriculture (DA) to increase the coconut content in biodiesel to 5% from the present 2%, Senator Sherwin T. Gatchalian said on Monday.
rice farmer

Palay prices firm, rice prices edge down in 3rd week of Feb.

THE average farmgate price of palay, or unmilled rice, rose 0.05% week on week to P19.64 per kilogram in the third week of February, according to data released by the Philippine Statistics Authority (PSA) on Monday.

Bill extending TV5 franchise to be transmitted to Palace

THE BILL extending the franchise granted to ABC Development Corp., currently known as TV5 Network, Inc., for another 25 years will soon be transmitted to the Office of the President.

IP protection applications rise 15% in 2018

THE Intellectual Property Office of the Philippines (IPOPHL) said it received 15% more applications for intellectual property (IP) protection in 2018.

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Happy compliant selling

Do you want to run your own business? Before going into that dream of becoming your own boss, you might want to review the requirements for responsible entrepreneurs, especially tax-wise.
IPR Protection, Innovation and per capita GDP in Asia

IPR, innovation and growth

“The natural effort of every individual to better his own condition...is so powerful, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often encumbers its operations.” -- Adam Smith, Book IV, Chapter V, The Wealth of Nations (1776).

What happened to the Edsa regime?

Whatever happened to the Edsa regime, UP Sociology Professor Randy David asked in his column in the Philippine Daily Inquirer on the eve of the 33rd anniversary of the Edsa Uprising. He was referring to the political order that was founded on February 25, 1986 when the dictatorial regime of Ferdinand Marcos was overthrown by people power.

Evolving a culture of professional and self-regulatory boards for publicly held companies

Power to discipline and to remove directors is vested, not with the board, but with the stockholders
Adamson Lady Falcons

Fight continues after coach change for Lady Falcons

UNDERWENT another coaching change midseason, the Adamson Lady Falcons recognize that it is not the most ideal of situations but they are not allowing it to stop them from making something out of what is left for them in Season 81 of the University Athletic Association of the Philippines.
James Harden

Harden’s 42 points help lift Rockets past Celtics

LOS ANGELES -- James Harden scored 42 points before fouling out and the Houston Rockets extended their winning streak to five games with a 115-104 victory over the host Boston Celtics on Sunday.
Luisita Golf Club

PAL Interclub: Cebu Country Club to decide Men’s Regular champion

THE EXCLUSIVE Cebu Country Club layout has been whipped to perfect championship shape, and the tree-lined layout will no doubt decide the Men’s Regular champion in the 72nd Philippine Airlines Interclub that tees off tomorrow.
Christiana Means

Go For Gold PHL skaters begin groundwork for Paris Olympics

WITH skateboarding approved as a regular event in the 2024 Olympics in Paris, the Go For Gold Philippine skateboarding team has started to lay down the groundwork to produce more Filipino skaters of Margie Didal’s caliber.
Stephen Loman and Eduard Folayang

Team Lakay holding up with ‘busy’ March

WITH March 2019 one of the busiest stretches in the group’s history, Team Lakay members said it is presenting a challenge but they are nonetheless holding up.

Wesley So vs David Navara

The St. Louis Champions Showdown took place from 20th to 24th this February. There were five matches, each one pitting a Team USA player against a foreign GM, especially chosen to ensure a clash of styles.

Winning culture

When the Clippers dealt leading scorer Tobias Harris to the Sixers for, among others, a trove of draft picks and future salary cap flexibility on the eve of the trade deadline, not a few quarters believed them to be on rebuild mode for the remainder of the season. It wasn’t an unreasonable conclusion to draw given the way they hitherto competed; for all their supposed lack of talent in the absence of a marquee name, they led the West standings at one point. There was likewise the matter of their first-round pick in this year’s draft, which they wouldn’t need to convey to the Celtics if they miss the playoffs.

Palace denies Duterte arranged for Misuari’s foreign trip

MALACANANG ON Monday denied that President Rodrigo R. Duterte made any arrangement for the provisional liberty of rebel leader Nur Misuari.

Comelec: Senatorial debate unlikely

A DEBATE among the senatorial candidates on the watch of the Commission on Elections is unlikely, officials of the poll body said Monday.

Enrile seeks evidence on pork-barrel case

FORMER SENATE president Juan F. Ponce Enrile has filed in the Sandiganbayan a motion requesting the prosecution for copies of evidence on the alleged P172.83 million pork-barrel kickbacks.

Duterte signs law mandating PhilHealth coverage for all PWDs

PRESIDENT Rodrigo R. Duterte has signed into law a measure that requires the government to automatically enroll all persons with disabilities (PWDs) into the National Health Insurance Program.
gas pump

Gasoline up, diesel and kerosene down

OIL COMPANIES will be raising the prices of gasoline products by P0.10 per liter (/L) this week while cutting diesel prices by the same amount.

Malacañang asserts release of narco-list fair for voters

MALACAÑANG ON Monday maintained that releasing the so-called narco-list, which names politicians allegedly involved in the illegal drug trade, will guide voters in the upcoming midterm elections.

Oral arguments set for petitions vs law school admission test

THE SUPREME Court (SC) is set to hold oral arguments today, March 5, on the petitions questioning the validity of the nationwide exams for those who aspire to enter law school.

Teachers’ group asks CA to reconsider decision on police profiling

THE ALLIANCE of Concerned Teachers (ACT) asked the Court of Appeals (CA) on Monday to reconsider the dismissal of its petition against the alleged profiling by the Philippine National Police (PNP) of its members on the grounds of technicalities.

Muntinlupa City Jail bans cellphones during visits

CELLULAR PHONES and other electronic communication devices are now prohibited inside the Muntinlupa City Jail, based on an ordinance enacted last Jan. 21 and published on March 4.

Cebu starting to attract tourists from Turkey, Israel

CEBU IS starting to gain interest from the Middle East tourist market, particularly from Turkey and Israel.

San Pablo City gives lot to SC for Laguna office

THE SUPREME Court and the government of San Pablo City signed a Deed of Donation for a 1.5-hectare lot which will be the site of the Hall of Justice (HoJ) in Laguna province.

Civil society leader says BTA would do better in Marawi rehab

MARAWI CITY-based civil society organization leader Drieza A. Lininding has called on the national government to let the newly-established Bangsamoro Transition Authority (BTA) take over the rehabilitation program in Marawi City.

Compostela Valley celebrates Bulawan Festival this week, investment conference set March 5

COMPOSTELA VALLEY, which will be renamed Davao de Oro when the Congress-approved bill is signed into law, is celebrating its 21st founding anniversary this week alongside the 12th Bulawan Festival.

Nation at a Glance — (03/05/19)

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

Peso declines on profit taking

THE PESO depreciated slightly against the dollar on Monday as market players took profit following the local unit’s rally last week.

Shares climb as US-China trade talks progress

LOCAL EQUITIES firmed up on Monday as reports of trade negotiations happening between the United States and China boosted investor optimism.
grocery basket

Inflation likely slowed further in Feb.

INFLATION likely maintained its descent in February as rice prices continued to drop, analysts said in a BusinessWorld poll, with some even betting the rate slid to below four percent.
women in business

PHL slips to 5th in Women in Business survey

A NEW SURVEY showed 37% of senior management positions at Philippine companies are occupied by women, well above the global average of 29%.

BSP targets further charter amendments to look into deposits, conglomerates

THE CENTRAL BANK will seek further amendments to its charter to relax deposit secrecy rules and look into conglomerates that own banks to further boost their regulatory powers.

Analysts’ February Inflation Rate Estimates

INFLATION likely maintained its descent in February as rice prices continued to drop, analysts said in a BusinessWorld poll, with some even betting the...

Peso beats Asian peers in surprise win

THE PHILIPPINE peso has defied a yawning current-account deficit to emerge as Asia’s best-performing currency in February. And it may continue to surpass its peers.

Percentage of Women in Senior Management Positions

A NEW SURVEY showed 37% of senior management positions at Philippine companies are occupied by women, well above the global average of 29%. Read...

Aboitiz gets original proponent status for Laguindingan airport

ABOITIZ INFRACAPITAL, Inc. has been awarded original proponent status (OPS) by the Civil Aviation Authority of the Philippines (CAAP) for its proposal to develop the Laguindingan airport, a top official from the Department of Transportation (DoTr) said.
Makati offices skyline

Office vacancy rates to reach 7.1% this year

AVERAGE VACANCY rate for office spaces in Metro Manila will likely hit 7.1% this year as more than 800,000 square meters (sq.m.) of new office supply is seen to enter the market in 2019, according to real estate services firm KMC Savills.
Megawide logo

Expectations of better earnings this year make Megawide an attractive stock — analysts

MEGAWIDE CONSTRUCTION Corp. was one of the most actively traded stocks in the Philippine Stock Exchange last week on account of the attractiveness of the company’s future growth prospects according to analysts.
Emmanuel F. Piñol

Rice farmers seek assurances of funding under new law

DAVAO CITY -- The Department of Agriculture (DA) will ensure that the rice industry will become more competitive as the Rice Tariffication Law comes into force.

PAL allocates $650 million for capex

FLAG CARRIER Philippine Airlines (PAL) is allocating around $650 million for capital expenditures this year, as it plans to purchase six aircraft.