Home 2019 March 13

Daily Archives: March 13, 2019 | 10:14 pm

La Mesa Dam

EO due on water crisis; hospital supply safeguarded

A PALACE official said the government is drafting an executive order (EO) to address the water crisis by rationalizing inefficient water management practices which had been flagged by economic planners, as continued shortages in parts of the capital entered their second week, forcing the authorities to prioritize critical users like hospitals.
Department of Finance (DoF)

DoF sees 2018 FDI slump as temporary

THE Department of Finance (DoF) said the 4.4% drop in foreign direct investment (FDI) net inflows in 2018 is temporary due to uncertain global economic conditions, with the Philippines poised to implement reforms that will improve the investment environment.

PAGCOR says QC not authorized to regulate gaming, charge entry fees

THE Philippine Amusement and Gaming Corp. (PAGCOR) asserted its exclusive authority under the law to regulate games of chance, after the Quezon City government announced a proposed ordinance seeking to regulate gaming firms within the city.

NEDA won’t back DA plans to ban palay imports

THE National Economic and Development Authority (NEDA) said it cannot rule out imports of palay, or unmilled rice, by the private sector, after the Department of Agroculture (DA) signalled that it will not allow the practice because of the potential that the shipments might bring in pests or disease.
map Tampakan

Open-pit mining investment could have shored up weak FDI, think tank says

AN independent think-tank said investment frozen by the open-pit mining ban could have sustained the Philippines through the recent drop in Foreign Direct Investment (FDI), which fell 4.4% in 2018.
Health Care Rates

A new dawn of health care for every Filipino

“Health is wealth” is the quintessential slogan that captures the wisdom behind health care. After months of intensive and careful deliberation in both Legislative Houses, the dream measure of the government was finally signed into law with the vision of providing quality, accessible and affordable health care for Filipinos.
The long, hot summer

The long, hot summer

Based on information on the website of the Metropolitan Waterworks and Sewerage System (MWSS), the main sources of Metro Manila’s water supply are the...
Everyday workplace fashion

Everyday workplace fashion

Clothing is a tool used to visualize and benchmark ourselves and the people around us. The way we dress provides conclusions about our persona, social status aspirations, and level of professionalism. As fashion designer, Rachel Zoe says, “Style is a way to say who you are without having to speak, dress shabbily and they remember the dress; dress impeccably and they will remember the person.”
Reputation has financial value

Reputation has financial value

IS REPUTATION considered in financial transactions?
Philippine ‘democracy’

Philippine ‘democracy’

DEMOCRACY can be defined in a variety of ways, from definitions with varying complexities to a rather simple one. Let us pick a basic and simple definition: a form of political association among the people of a state within a defined geographical area where sovereignty resides in the people who express such sovereignty by voting to select the leaders of the government of the state.
Magnolia Hotshots Pambansang Manok

PBA: Magnolia Hotshots earn back-to-back wins

THE Magnolia Hotshots Pambansang Manok earned their first back-to-back victories in the ongoing PBA Philippine Cup after defeating the Columbian Dyip, 109-83, on Wednesday at the Smart Araneta Coliseum.
Ateneo Lady Eagles

Lady Eagles steamroll to fifth triumph in a row

LIKE a freight train the Ateneo Lady Eagles steamrolled to their fifth straight win in UAAP Season 81 with a four-sets victory over the Adamson Lady Falcons, 25-8, 22-25, 25-16 and 25-10, in their “avian clash” on Wednesday at the FilOil Flying V Arena in San Juan City.
Ceres-Negros FC

Ceres makes it 2 wins in as many games at AFC Cup

CERES-NEGROS FC maintained its control of Group G in the 2019 AFC Cup with another victory on Tuesday night over Becamex Binh Duong, 3-1, in Vietnam.
UAAP logo

UAAP 3×3 basketball hailed as step in the right direction by SBP

STAGED for the second straight year this season, the University Athletic Association of the Philippines (UAAP) 3x3 basketball tournament was welcomed not only by alumni schools but also the country’s basketball federation for the key role it plays in fostering the growth of the sport here and establishing the Philippines’ capabilities in it abroad.
LeBron James

LeBron, Lakers snap skid; Blazers break Clippers run

LOS ANGELES -- LeBron James had 36 points and 10 rebounds, and the visiting Los Angeles Lakers overcame their lowest-scoring first quarter of the season to end a five-game losing streak with a 123-107 win against the Chicago Bulls on Tuesday.

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2019 World Team Championship

The World Team Championships is held every two years as some sort of counterpoint to the Chess Olympiad, which is also a biennial even taking place in even-numbered years. The World Team Championship occurs in the odd-numbers.

Close call

Absent any information on and about the Sixers’ homestand yesterday, National Basketball Association habitues can be forgiven for making assumptions in support of the final score. That the hosts had a close call against the otherwise-stumbling Cavaliers gave rise to speculation that All-Star Joel Embiid was again sidelined, and that visiting counterpart Kevin Love, meanwhile, had a monster outing. In truth, it was the opposite, the former managed to burn rubber for 34 minutes, while the latter stuck to schedule and rested.

Rebel-turned-peacemaker: Ghazali Jaafar, 75

FLAGS were flown half-mast at the Bangsamoro People’s Compound in Cotabato City in honor of Ghazali Jaafar, one of the most prominent leaders of the Moro armed struggle and later negotiator for peace.

PHL to EU: Stop funding Red fronts

THE PHILIPPINE government has asked the European Union (EU) to stop funding “communist front organizations” in the Philippines.
Catholic Bishops Conference of the Philippines (CBCP)

Catholic Church steps up effort to stop charging of services

GUIDELINES are being set up for the gradual removal in the Catholic Church of the arancel system, or the Church “practice of giving stipends to priests for specific church services,” the Catholic Bishops Conference of the Philippines said.

DENR issues reminder that Mt. Sto Tomas still closed to tourism, other activities

THE MOUNT Sto. Tomas Forest Reserve in Tuba, Benguet remains closed to all activities, including tourism and anthropological pursuits, the Department of Environment and Natural Resources (DENR) reminded the public.

Former Kris Aquino business partner indicted

THE TAGUIG City prosecutor’s office indicted for estafa and fraudulent use of access device Nicardo M. Falcis III, a former business partner of television personality Kristina Bernadette “Kris” C. Aquino.

PECO gets 20-day TRO vs MORE Power

THE MANDALUYONG Regional Trial Court Branch 209 approved on March 13 Panay Electric Company, Inc.’s (PECO) petition for a temporary restraining order (TRO) against More Electric and Power Co. (MORE Power), effective for 20 days.

Megaworld gets Iloilo City council nod on transport hub proposal

THE ILOILO City council has approved Megaworld Corp.’s proposal to build and operate a transport hub within its 72-hectare Iloilo Business Park in the Mandurriao district.

Dry spell destroys almost 25MT of rice in Iloilo

ILOILO province, the fifth largest producer of rice in the country and the top in the Visayas, has lost 24,692 metric tons (MT) of the crop due to the prevailing dry spell brought about by the El Niño phenomenon.

IBP-Cebu offers legal help to family of teen rape-murder victim

THE CEBU chapter of the Integrated Bar of the Philippines (IBP) has offered legal assistance to the family of the 16-year-old girl who was brutally killed and believed to have been raped in Lapu-Lapu City.

New Kibawe-Kalilangan road in Bukidnon to cut travel time by half

THE 53.4-kilometer Kibawe-Kadingilan-Kalilangan (KKK) Road in Bukidnon, which is expected to cut travel time by half to one hour between the towns of Kibawe and Kalilangan, is almost complete, the Department of Public Works and Highways-Northern Mindanao (DPWH-10) announced yesterday.

DENR orders relocation of gold ore mills in Compostela Valley

DAVAO CITY — BALL MILL facilities for gold ore extracted from Mt. Diwalwal in Compostela Valley have been given until this weekend to move out and transfer to a government-designated site as the Department of Environment and Natural Resources (DENR) is set to rehabilitate the Naboc River.

Local stocks climb ahead of another Brexit vote

LOCAL EQUITIES rose on Wednesday even as investors grappled with another make-or-break parliamentary vote on the Brexit.

Nation at a Glance — (03/14/19)

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

Peso rebounds on selling

THE PESO rebounded against the dollar on Wednesday as agent banks sold their dollars to temper market volatility.
Benjamin E. Diokno

BSP chief mulls 4-point reserve ratio cut

NEWLY APPOINTED Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is looking to cut the “very high” reserve standard for banks in four successive moves this year, even as he noted that local infrastructure projects remain well-funded even without injecting fresh liquidity.
Manila International Container Port (MICP)

Merchandise trade starts 2019 with bigger deficit — PSA data

THE COUNTRY’s trade-in-goods deficit widened in January as exports declined and imports rebounded.

Philippine trade year-on-year performance (January 2019)

THE COUNTRY’s trade-in-goods deficit widened in January as exports declined and imports rebounded. Read the full story.
tax BIR

Revenue bureau releases draft tax amnesty rules

THE Bureau of Internal Revenue (BIR) has published draft rules on availing of the tax amnesty for delinquencies in specific cases, which will give eligible taxpayers one year to settle all outstanding payments and avoid tax evasion cases.
dollars bank notes

Central bank sees FDI net inflows steady in 2019

FOREIGN direct investment (FDI) net inflows this year will likely match 2018’s level, two senior central bank officials said, citing the May 13 midterm polls and rollout of more infrastructure projects as factors prospective investors will be watching.

Manila Water eyes new source in Cardona to augment supply

MANILA WATER Co., Inc. is counting on a new water source in Cardona, Rizal plus stop-gap measures such as deep wells and a cross-border flow agreement with the other water concessionaire to help ease the water shortage being felt within its east zone concession.

A giant girl at Art in the Park

A 20-FOOT inflatable sculpture of a girl hugging a goat and a four-foot tall perfume bottle are some of the artworks to be displayed at this Sunday’s Art in the Park fair at the Jaime Velasquez Park in Salcedo Village, Makati.

Ayala Land to issue P8 billion worth of bonds

AYALA LAND, Inc (ALI) will be issuing P8 billion worth of fixed rate bonds this year to partially finance its hotel, mall, and office projects.

MSO plays the Beatles, folk songs, Gershwin

The Silaw Foundation, in cooperation with Far Eastern University, presents the Manila Symphony Orchestra (MSO) in a concert featuring Filipino folk songs, Beatles tunes, Gershwin’s Rhapsody in Blue and the Rachmaninoff Concerto No. 2.
DM Consunji

DM Consunji order book up 12% in 2018

CONSTRUCTION and engineering firm D.M. Consunji, Inc. saw its order book increase by 12% in 2018, as it was tapped to build the first Ikea store in the Philippines and other private sector projects.

P9 million the going rate at auction for Lunas, Hidalgo

PAINTINGS by Juan Luna and Felix Resurreccion Hidalgo fetched P9 million at Salcedo Auctions’ Important Philippine Art sale on March 9.

NCCC buys Davao’s oldest mall

DAVAO CITY — Homegrown retail and shopping mall operator New City Commercial Corp. (NCCC) has acquired Victoria Plaza Mall, the first mall in the city.

Reworked El Bimbo musical soars

SEVEN YEARS after the revolution, a nation once filled with hope but now confronted with the enormity of the task to rebuild a broken country woke up to the unique sound of the Eraserheads. The rock band, whose members came from the University of the Philippines, debuted Ultraelectromagneticpop! in 1993. This album would be the first of over a dozen. It also led to Ang Huling El Bimbo — a musical inspired by the music of arguably the most popular Filipino band of the ’90s.

Smart teams up with Nokia for 5G

PLDT, INC.’s wireless unit Smart Communications, Inc. announced on Tuesday it is partnering with Nokia for the rollout of its fifth generation (5G) network in universities.