12 | March | 2019 | BusinessWorld

House to consider resolution seeking to ban palm oil imports

THE House of Representatives will consider a resolution asking the government to bar imports of palm oil to help protect the domestic coconut industry.

DoF bats for simpler 5% mining royalty scheme

THE Department of Finance (DoF) said its proposal to charge a uniform 5% royalty for all mining operations will generate about P7.2 billion worth of revenue in the initial year of implementation.

Agriculture department rules out palay imports

THE Department of Agriculture (DA) rejected proposals to import unmilled rice, or palay, noting that rice in that form poses a greater risk for the entry of pests and disease.

PPA willing to review weighbridge fees for Ro-Ro users

THE Philippine Ports Authority (PPA) said it is open to reviewing the practice of collecting weighbridge fees for inter-island cargo and passenger vehicles after Speaker Gloria Macapagal-Arroyo proposed to eliminate the fees, but added that it needs some way to fund its investments in port facilities.

FEF calls for faster land conversion, efficient farming

THE Foundation for Economic Freedom (FEF) said the government needs to do more to speed up the land conversion process, while also calling for agriculture to become more efficient as marginal land is converted to nonfarm use.

Dairy cattle procurement to spend up to ₱350-M

THE National Dairy Authority (NDA) said it has between P250 million and P350 million in funding to spend in an April auction for the import of 1,500 dairy cattle, to be distributed across various farms by October.

PHL wheat imports seen rising 8.62% in 2019 — USDA

PHILIPPINE wheat imports are expected to rise 8.62% to 6.3 million metric tons in 2019, the United States Department of Agriculture (USDA) said.

Corrosive Foreign Direct Investments: The case of Offshore Gaming

President Duterte may have flip-flopped on his stance on several issues, but he has been consistent in his accommodation of Chinese investments and loans. And understandably so. Chinese money has filled the gap vacated by Westerners and has covered the funding requirements of developing nations. Critics, however, argue that China may use its economic foothold to gain political influence in its host country.

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A peek into the Revised Corporation Code of the Philippines

On 20 February 2019, President Rodrigo Duterte signed into law Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines (the “New Code”), which may be considered as a landmark legislation updating the 38-year-old Corporation Code of the Philippines (the “Old Code”) to adjust to modern times.

Blurring right versus wrong

To be fair, the Duterte administration will leave some positive legacies, perhaps on the economics side, because the President has made a few creditable appointments to govern this sector. To name a few, Finance Secretary Carlos Dominguez, NEDA Secretary General Ernesto Pernia, and the late Nestor Espenilla of the Bangko Sentral ng Pilipinas. I guess because he expressly values utang ng loob as a high value, he basically gives Dominguez, the leader of this group, a lot of leeway, and basic policy autonomy. Dominguez, after all, is from Davao, and was one of his early campaign supporters. Besides, Dominguez did not accept the job right away; and reports indicate that President Duterte practically begged him to take the job.

Anyone can be president

The late great comedian Dolphy had the most sensible response to the question, why he wasn’t considering running for president. Was it because he was afraid that he might lose?

Columbian, Magnolia in key PHL Cup match

WITH their spots in the playoffs of the PBA Philippine Cup still anything but assured, the Columbian Dyip and Magnolia Hotshots Pambansang Manok enter their 4:30 p.m. encounter today at the Smart Araneta Coliseum with much urgency.

Ateneo tries to extend lead on the leader board

CURRENTLY in solo lead in the standings in Season 81 of the University Athletic Association of the Philippines women’s volleyball tournament, the Ateneo Lady Eagles try to create further separation from the chasing pack when they suit up for action today at the FilOil Flying V Arena in San Juan City.

AFC Cup: Kaya hosts Home United at Panaad Stadium

KAYA FC-Iloilo treks back to AFC Cup action today as it hosts Home United FC of Singapore in a Group H match at 3 p.m. at the Panaad Park and Football Stadium in Bacolod City.

Enhanced Salomon Xtrail event set at Timberland

THE annual Salomon Xtrail event in the country has been enhanced this year to keep participants with something fresh to look forward to.

Escueta-Pantig tandem wins Prima badminton men’s open doubles plum

PHILIP Joper Escueta and Paul John Pantig won the men’s doubles open title while Gelita Castilo and Eleanor Christine Inlayo ruled the women’s doubles open of the 12^th Prima Pasta Badminton Championships recently at the Powersmash badminton courts in Makati City.

MPBL: Batangas City, Imus set up playoff tiff after beating rivals

BATANGAS CITY -- The Batangas City Athletics is back at the upper half of the playoffs, but it didn’t come the easier route just as it did last time around.

Lou makes history off the bench as Clippers top Celtics

LOS ANGELES -- Lou Williams scored 34 points to become the most prolific bench scorer in NBA history as the Los Angeles Clippers continued their charge toward the playoffs with a 140-115 victory over the visiting Boston Celtics on Monday.

DSCPI holds 2019 first-quarter ranking and SEA Games selection

THE DanceSport Council of the Philippines, Inc. (DSCPI) will host the 2019 DSCPI first quarter competition and selection for the 2019 Southeast Asian Games dance athletes at the Ballroom Hall of Valle Verde Country Club, Pasig City on Saturday.

2-of-3 Fantasy League teams

For most of those playing the National Basketball Association Fantasy League, this week marks the stretch that stakes have been raised with the start of the playoff rounds.

Change is coming

Yesterday, Warriors head coach Steve Kerr was on the mark when he referenced George Orwell’s seminal tome “1984” in relation to the intense scrutiny public figures have faced in recent memory. Every single move they make is analyzed. Every singe word they utter is parsed, even if in confidence and presumably away from prying eyes. And they are second-guessed instantaneously. No doubt, the inevitability of the situation was what prompted him to address with humor his off-the-cuff remark to an assistant during a timeout late in a home loss to the otherwise-hapless Suns the day before.

Palace: Duterte, Congress leaders to resolve budget

CONGRESS LEADERS were scheduled to meet last night with President Rodrigo R. Duterte to discuss the impasse between the Senate and the House of Representatives on the proposed P3.757 trillion national budget for 2019.

Religious leaders should speak without fear of reprisal — US diplomat

RELIGIOUS INSTITUTIONS should be able to speak freely on the actions of government without fear of reprisal, United States (US) Ambassador-at-Large for International Religious Freedom Samuel D. Brownback said on Tuesday amid President Rodrigo R. Duterte’s continued verbal attack on the Catholic Church.

Peso plunges to six-week low vs dollar

THE PESO plunged to a six-week low against the dollar following statements from Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno about slashing banks’ reserve requirement ratio (RRR) quarterly.

Shares end higher on US retail data, Brexit deal

SHARES firmed up on Tuesday, tracking global indices’ performance as better retail earnings in the United States boosted sentiment.

NBI arrests seven Chinese for kidnapping compatriot

THE NATIONAL BUREAU of Investigation (NBI) has arrested seven Chinese nationals for kidnapping/serious illegal detention of a fellow Chinese.

Estrella Service Road to be partially closed starting March 23

THE METROPOLITAN Manila Development Authority (MMDA) announced on Tuesday that the Estrella Service Road will be partially closed starting March 23 at 11 p.m. to give way to the ongoing rehabilitation of the Estrella-Pantaleon Bridge.

Prosecution submits preliminary investigation on drug cases vs Lapeña

THE DEPARTMENT of Justice (DoJ) prosecution panel has wrapped up the preliminary investigation and submitted for resolution the complaints over the alleged the smuggling of shabu (methamphetamine) in the country that was kept in magnetic lifters in Aug. 2018.

Pangasinan holds 3rd Umaani Agri-Industrial Trade Fair

PANGASINAN’S 3^RD Umaani Agri-Industrial Trade Fair and Exhibit is on this week at the Provincial Agriculture Center in Tebag, Sta. Barbara, where local farm and fishery goods are featured.

URC unit expands sugar milling operations in Negros Occidental

A UNIT of Universal Robina Corp. (URC) has inaugurated a new sugar mill in Negros Occidental that will increase the mother company’s capacity to...

P953M Busuanga Airport development breaks ground

THE DEVELOPMENT of the Busuanga Airport in Palawan, with a P953.5-million allocation, broke ground on Tuesday.

20 BIFF members killed this week

THE MILITARY reported on Tuesday that around 20 members of the extremist Bangsamoro Islamic Freedom Fighters (BIFF) in Maguindanao have been killed in a clash that started Monday.

MORE Power files expropriation case vs PECO

ILOILO CITY — The legal battle for power distribution in Iloilo City continues as More Electric and Power Co. (MORE Power) filed on Monday an expropriation case to acquire the assets of current distributor Panay Electric Co., Inc. (PECO).

BARMM issues fatwah to clarify that immunization is halal

AN ISLAMIC ruling, or a fatwah, on immunization was signed by 13 Muslim religious leaders of the Regional Darul Ifta (RDI) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on March 12 to clarify that it is consistent with the faith.

Cebu provincial gov’t approves risk management plan for El Niño

THE CEBU Provincial Disaster Risk Reduction and Management Council (PDRRMC) has approved the plan for mitigating the impact of the prolonged dry season due to El Niño.

Nation at a Glance — (03/13/19)

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

Jimny Eat World:Suzuki Philippines brings in all-new version of iconic ‘cute ute’

THERE were a few bright spots in last year’s automotive scene, what with the onset of the TRAIN (Tax Reform for Acceleration and Inclusion) Law, which effectively stymied a multi-year run of growth for the domestic industry owing to higher vehicle price tags, with a few exceptions.

Music and MG:Free concerts headline brand’s summer push

MG PHILIPPINES on March 9 kicked off the first in a series of live, free musical concerts dubbed “MG Live!” at the SM Megamall in Mandaluyong City.

Jaguar’s electric crossover voted European Car of the Year

JAGUAR’S fully electric compact crossover, the I-Pace, has been named the 2019 European Car of the Year (COTY).

Nissan to sell Leaf EV in PHL in 2020

THE Nissan Leaf electric vehicle will be sold in the Philippines and Indonesia in 2020 as Nissan Motor plans to assemble EV components in key Southeast Asian markets.

Audi goes on EV offensive at Geneva motor show

FOUR new all-electric drive vehicles, four new plug-in hybrid versions of existing models, and a fully electric racecar -- these are what Audi is displaying at the 2019 Geneva International Motor Show, which opened on March 5 and which ends on March 17.

Daily Archives: March 12, 2019 | 10:32 pm