Home 2019 May 1

Daily Archives: May 1, 2019 | 10:18 pm

UST Golden Tigresses

UST Tigresses claim 2nd seed in Final Four

THE UNIVERSITY of Santo Tomas Golden Tigresses enter the Final Four of women’s volleyball in Season 81 of the University Athletic Association of the Philippines as the number-two seed after edging defending champions De La Salle Lady Spikers in four sets, 25-14, 25-23, 23-25 and 25-19, in their one-game playoff for the second spot on Wednesday at the FilOil Flying V Arena in San Juan City.
Draymond Green

Warriors now up, 2-0

KEVIN DURANT led a balanced attack with 29 points Tuesday night as the Golden State Warriors went up 2-0 in their Western Conference semifinal series against the Houston Rockets with a 115-109 win in Oakland, California.
Magnolia Hotshots Pambansang Manok

Hotshots nab Game One of Philippine Cup finals

THE Magnolia Hotshots Pambansang Manok went 1-0 up in their best-of-seven PBA Philippine Cup finals series with the defending champions San Miguel Beermen following a gutsy 99-94 victory in Game One on Wednesday at the Smart Araneta Coliseum.
Department of Energy (DoE)

DoE seeks WESM registration for more power generators

THE Department of Energy (DoE) said embedded generation plants, or those that are not directly connected to the power grid but supply electricity to a distinct area, are now required to register with the Wholesale Electricity Spot Market (WESM).

NEDA-Davao calls for expansion of construction labor pool amid slowdown

DAVAO CITY -- A worker shortage slowed the growth of the construction industry in the Davao Region to 18.1% in 2018 from 37.9% the previous year, regional economic planners said, citing Philippine Statistics Authority data.
power lines electricity

SC ruling to delineate PCC, ERC responsibilities

THE DIVISION of labor between the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC) will be clarified once the Supreme Court decides on a case which was elevated by the power regulator, according to a PCC official.
glass room

EU objects to PHL’s frequent use of glass safeguard measures

THE European Union has flagged at a World Trade Organization (WTO) meeting the Philippines’ practice of imposing sagefuard measures on float glass imports.

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Not business as usual

Prior to the enactment of the TRAIN Law, Section 100 of the Tax Code generally imposed a donor’s tax on transfers for less than an adequate and full consideration in money or money’s worth, whereby the amount by which the fair market value of the property exceeded the value of the consideration was deemed a gift, and included in computing the amount of gifts made during the calendar year.
Kaya FC-Iloilo

Kaya delights in solid showing that led to big win

KAYA FC-ILOILO got its AFC Cup Group H campaign back on the winning track with a dominant 5-1 victory on Tuesday over visiting Lao Toyota FC of Laos at the Panaad Park and Football Stadium in Bacolod City.
Daniel Caluag

PhilCycling bid to host BMX meet in ’20 accepted

THE Asian Cycling Confederation (ACC) has elevated the Philippines’ bid to host the 2020 Asian BMX Championships to the continental body’s management committee meeting set later this year.
NCRFA Summer Youth League

NCRFA league launched

THE National Capital Region Football Association (NCRFA) over the weekend launched its Summer Youth League at the British School Manila.
Ren Vitug

The Nationals to build on strong start to season

AFTER successfully holding its first conference in its inaugural season, The Nationals -- the Philippines’ first and only franchise-based Esports League -- is looking to build on the gains it had as it ushered in its second conference.

Magnus The Magnificent

GM Vugar Gashimov is an Azerbaijani player who was no. 1 player of Azerbaijan for a time and among the top players of the world circa 2008-2011. Born July 24, 1986 in Baku, Gashimov represented his country in the chess olympiads of 2002, 2004, 2006 and 2008 and almost single-handedly revived the Modern Benoni for Black, utilizing it even in crucial games at a time when the general consensus was that it gave too many concessions to White. What’s more, he was willing to use the original move order 1.d4 Nf6 2.c4 c5 3.d5 e6 move order and defend Black’s cause in the most dangerous White attacks, namely the Taimanov Attack (1.d4 Nf6 2.c4 c5 3.d5 e6 4.Nc3 exd5 5.cxd5 d6 6.e4 g6 7.f4 Bg7 8.Bb5+) and the Modern Main Line (1.d4 Nf6 2.c4 c5 3.d5 e6 4.Nc3 exd5 5.cxd5 d6 6.e4 g6 7.Nf3 Bg7 8.h3 0–0 9.Bd3).

More ready

The Bucks rightly approached Game Two of their conference semifinal-round set-to against the Celtics with confidence. It didn’t matter that they were routed in the opener, with Al Horford, in particular, looking every bit like kryptonite to the Superman that was Giannis Antetokounmpo. As far as they were concerned, they remained the series favorites for reasons beyond their reliance on the leading Most Valuable Player candidate. Above all else, they boasted of cohesion that propelled an inside-out system and made them better as a collective -- and ultimately superior to their opponents.
Rodrigo R. Duterte

Duterte to Congress: Pass laws on labor rights

IN his Labor Day message on Wednesday, President Rodrigo R. Duterte called on Congress to “consider” passing laws that will “fully protect” workers’ rights to security of tenure and self-organization.
Department of Foreign Affairs (DFA)

Alert up for OFWs in Libya

THE Department of Foreign Affairs (DFA) has raised the alert level in Tripoli, Libya, and surrounding areas to 4, from level 3, due to the continuing conflict.
Supreme Court

Bar results out May 3

RESULTS for the 2018 Bar examinations will be released on May 3, according to the Supreme Court (SC).

Harvard group cites need for disaster preparedness among ‘less educated Filipinos’

THE Philippine government needs to “boost” its communication and disaster preparedness efforts, especially for “less educated Filipinos,” according to the Harvard Humanitarian Initiative (HHI).

More than 8,000 join Labor Day protest rallies

ABOUT 8,235 rallyists participated in several protests nationwide on Labor Day, according to the Philippine National Police (PNP), and there were no reported untoward or violent incidents as of 3 p.m. Militant groups, including labor organizations, conducted protest actions at Welcome Rotonda in Quezon City, Liwasang Bonifacio, Recto Avenue, and España Blvd. in Manila.

Lining up for work

Thousands line up at the TNK (Trabaho, Negosyo, Kabuhayan) Job Fair and Business Opportunities at the Kingsborough International Convention Center in San Fernando, Pampanga on May 1, the observance of International Workers’ Day.

Marawi weavers need more help to sustain livelihood

WEAVERS FROM Marawi City, which suffered devastation from the five-month armed clashes in 2017 arising from a siege by Islamic State-inspired local extremist groups, were among those who joined a forum in Iligan City last week intended to discuss the revival and sustaining affected businesses in the war-torn city.

Another 16 bricks of cocaine found along Surigao shoreline

ANOTHER 16 bricks of suspected cocaine were discovered along the shoreline of Surigao del Sur on Tuesday night, this time by a fisherman in Lingig town, the police reported.
Supreme Court (SC)

SC affirms conviction of 2011 Sultan Kudarat bomber

THE SUPREME Court (SC) has affirmed the Court of Appeals’ (CA) decision convicting the individual who was behind the 2011 car bombing in Sultan Kudarat that killed two.

Palace says no need to show proof on names in ouster matrix

MALACAÑANG ON Wednesday said it is “totally unnecessary” to show proof on the alleged involvement of journalists, lawyers, and media groups named in the Duterte ouster matrix it previously released.

MCWD says desalination plant, Mananga Dam to address Metro Cebu’s future water demand

A DESALINATION plant in Mactan and the development of the Mananga Dam as a water source will address the supply shortage in Metro Cebu, currently made worse by the prevailing dry spell, an official of the Metropolitan Cebu Water District (MCWD) told the Cebu City council.

NTC-11 targets more than P100M revenue collection this year

THE National Telecommunications Commission-Davao Region (NTC-11) is eyeing to collect double of its P56 million income this year, Regional Director Nelson T. Cañete said.

Nation at a Glance — (05/02/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.
Millennials are here to stay -- or so they hope we will

Millennials are here to stay — or so they hope we will

As Baby Boomers and Gen X-ers prepare to retire, companies worldwide have been gearing up to accommodate more millennials in the workplace. With three generations having different values and attitude towards work sharing one office, culture shock and clashes are bound to happen.
JPMorgan Chase & Co.

Banks’ Brunei boycott deserves a small cheer

JPMORGAN Chase & Co. is the latest global bank to take a stand against Brunei after the oil-rich sultanate introduced legislation that punishes gay sex with death by stoning. The idea that financial leaders will choose their business partners on the basis of ethical principles marks a notable shift. But praise for this push onto the moral high ground should be limited.
Mario Draghi

Europe’s rebound shows Draghi got it right

THE European Central Bank faced a torrid start to the year, as critics said it was not providing enough stimulus to a slowing euro-zone economy.
Discovering the gray market

Discovering the gray market

MARKETERS are now paying attention to the growing “gray market.” As a marginalized group, old people with lots of money (OPLOM) may not qualify for party-list inclusion. In the 2015 census, the age group of those over 65 years old comprise only 5% of the population. The wealthy segment of seniors can embarrass their cohort age group, such as old people supported by their offspring (OPSBTO) who may have a better chance of party list representation, with a sprightlier acronym like: Just Old Leftovers and Grandparents Society (JOLOGS).

Performance projections for ASEAN, select major Asian economies

THE PHILIPPINES will remain “resilient” with the rest of Southeast Asia and the region’s three major neighbors in the north, “heightened global risks and...
ASEAN currencies

AMRO expects PHL economic growth to pick up

THE PHILIPPINES will remain “resilient” with the rest of Southeast Asia and the region’s three major neighbors in the north, “heightened global risks and stronger external headwinds” notwithstanding, with the country’s economic growth picking up this year and the next, according to latest assessments the ASEAN+3 Macroeconomic Research Office (AMRO) released early this morning.
PH flag

S&P upgrades Philippine debt rating

S&P GLOBAL RATINGS has raised the Philippines’ credit rating by a notch, citing above-average growth and strong external and fiscal position which have boosted the country’s economic profile.
gas pump

Inflation could have eased further in April — central bank

THE OVERALL INCREASE in prices of widely used goods could have eased for the sixth straight month to a 20-month low in April as a continued decline in rice prices and the peso’s appreciation offset upward pressures from higher fuel and electricity costs, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research (DER) said in a statement to journalists on Tuesday.
road works infrastructure

Economic managers give ‘conservative’ estimates for Q1 GDP expansion

PHILIPPINE ECONOMIC GROWTH can be expected to have steadied at slightly “above six percent” last quarter, two state economic managers said separately when sought for estimates on January-March gross domestic product (GDP) expansion that will be reported on May 9.
PSE bell ringing 1

SEC eyes five-year grace period for higher float

THE SECURITIES and Exchange Commission (SEC) is looking at giving listed firms five years to comply with the planned increase in minimum public ownership (MPO), a senior regulatory official told reporters on Tuesday.
Cebu Pacific

Cebu Pacific cancels more flights

CEBU PACIFIC on Tuesday said it is canceling around ten flights a day this month, as part of efforts to streamline its operations.

A century of classic designs

IN THE late 1800s, German design professionals envisioned that German companies would be as competitive as those in England, the United States, and the global market. In the 1900s, 12 artists and 12 companies joined forces to establish Deutscher Werkbund.

Property company inks deal to expand in Clark Global City

THE developer of Clark Global City (CGC) will sublease about two hectares of land to businessman Jettson Yu, who plans to build an office tower and retail hub.

Banana protest staged over removal of ‘indecent’ art

WARSAW — Around 1,000 people, many eating bananas to make their point, protested in front of Warsaw’s National Museum on Monday over a decision last week to remove artworks deemed “indecent” by the museum’s director.

Maynilad services affected by algae proliferation in Laguna Lake

MAYNILAD WATER Services, Inc. said its customers in the cities of Muntinlupa, Las Piñas, Parañaque, Imus and Bacoor will experience low water pressure to no water supply until May 14 due to “reduced water production brought about by unusual algae proliferation” in Laguna Lake.

Airlines scale down flights to Boracay

AS the government limits the number of tourists to Boracay island, some local airlines are looking at other tourist destinations to drive passenger growth this summer.

PNB eyes acquisition for consumer finance boost

PHILIPPINE NATIONAL Bank (PNB) has set its eyes on acquiring another financial institution and searching for a strategic partner in a bid to boost its consumer finance business.

Walks, talks and music: FEU’s cultural cornucopia

LAST WEEK, in a span of three days, the Philippines experienced strong earthquakes that had everyone shaking in fear, from the possibility of another quake or aftershocks. The earthquakes affected all three major island groups of the country.