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Daily Archives: May 2, 2019 | 10:03 pm

Salvador S. Panelo

Malacañang grants victory lap to economic team after S&P upgrade

MALACAÑANG said on Thursday that the sovereign credit rating upgrade issued by Standard & Poor’s (S&P) confirms the positive impact of policies implemented by the government’s economic managers.
powerlines DoE

Power panel passes amendments to EPIRA IRR

THE Joint Congressional Power Commission (JCPC) on Thursday approved amendments to the implementing rules and regulations (IRR) of the Electric Power Industry Reform Act Law (EPIRA) to facilitate the granting of benefits to host communities.
rice farmer

Dispute breaks out over RCEF funding as DA insists on P10B

THE Department of Agriculture (DA) has signaled that it will claim the full amount of P10 billion once tariffs start generating funding for the Rice Competitiveness Enhancement Fund (RCEF), arguing that a P5 billion advance provided in 2018 was meant for other rice projects.
rice farmer

Solar irrigation rollout targeted for early 2020

THE Department of Agriculture (DA) and various other agencies have agreed to fast-track the Solar-Powered Irrigation project so the network will be largely in place by the next El Niño.
pork meat market

Piñol says pork imports cannot be restricted amid calls for protection

THE Department of Agriculture (DA) said pork is a deregulated commodity which businesses are free to import, amid complaints from domestic producers about oversupply and the resulting tight supply conditions for cold storage.

OWWA, TESDA agree to provide skills training for OFWs

THE Overseas Workers Welfare Administration (OWWA) said it will tie up with the Technical Education and Skills Development Authority (TESDA) to provide skills training and technological education for returning Overseas Filipino Workers (OFWs).
MIHAS Halal exhibition

Malaysia halal show generates $42M for Philippine firms

PHILIPPINE exhibitors generated $42.08 million worth of sales and investment leads from over 300 foreign buyers at the Malaysia International Halal Showcase (MIHAS) last month, led by food products.
power barge pollution oil

PSALM in new round of compensation payouts

THE Power Sector Assets and Liabilities Management Corp. (PSALM) resumed its distribution of compensation checks to individuals, families, and enterprises that were affected by the power barge 103 oil spill at the height of Super Typhoon Yolanda.
Alfonso G. Cusi

Invitation still open for Chinese merchant power plant builders — Energy dep’t says

THE Department of Energy (DoE) said it will continue to pursue a program inviting China to put up merchant power plants in the Philippines to help augment the supply deficiency.
MORE transparency in China deals

MORE transparency in China deals

Three China-related business stories in BusinessWorld last week caught my attention, short quotes from them are shown:

What Press Freedom’s For

World Press Freedom Day has always been the occasion for responsible journalists to reexamine the state of one of the fundamental needs of ethical practice. This year as in 2018, May 3rd was not so much an occasion for celebration as for alarm. As in many other parts of the world, the independent press is under siege from a government that has made it its life work to harass, restrict, threaten and silence it, and to even arrest practitioners for daring to report the truth.
What Press Freedom’s For

May Day and the march of the machines

What should be utopia could become dystopian.
dug out pool hand

a pebble

A pebble tossed into a pond creates ripples. A small deed has the same effect by the tiny ripples that reverberate and swell into...
1000 peso bills

Peso rises on S&P move

THE PESO strengthened against the dollar on Thursday, returning to the P51 level, as the sovereign credit rating upgrade from S&P Global Ratings boosted investor appetite for the local currency.

PSE index returns to 8,000 level on S&P upgrade

LOCAL EQUITIES firmed up on Thursday, as investors reacted positively to the country’s rating upgrade from S&P Global Ratings.

Netizen charged over video tagging Duterte’s kin

THE Department of Justice (DoJ) on Thursday disclosed the identity of the arrested netizen who shared the “Ang Totoong Narcolist” (The Real Narcolist) which implicated members of President Rodrigo R. Duterte’s family in the drug trade.

Senate panel to submit report on charter change

THE SENATE Committee on Constitutional Amendments and Revision of Codes, chaired by Senator Francis N. Pangilinan, is set to file its committee report on the proposed shift to a federal government when sessions resume on May 20.

DILG monitoring villages in bay cleanup

THE Department of Interior and Local Government (DILG) will issue show cause orders to 1,000 barangays around Manila Bay as well as Laguna de Bay that will not comply with an order by the agency requiring their weekend coastal cleanup.
Rodrigo R. Duterte

Duterte thumbs down suggestion by ex-PM to decriminalize drug use

MALACAÑANG on Thursday thumbed down the suggestion of former United Nations Development Program (UNDP) Administrator and former New Zealand prime minister Helen Clark to create a drug policy that “decriminalizes” the use of drugs.

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PHL embassy in Libya raises flag to avoid being targeted by airstrikes

THE Philippine Embassy in Libya has raised the Philippine flag to prevent military forces from being mistakenly targeted by airstrikes.

DILG to file charges vs politicians who supported NPA’s ‘permit-to-campaign’ collection

THE Department of Interior and Local Government (DILG) is preparing to file charges against politicians who supported the collection of “permit-to-campaign” fees by the Communist Party of the Philippines-New Peoples’ Army (CPP-NPA).

160,000 cops to be deployed for May 13 elections

THE PHILIPPINE National Police (PNP) has raised to 160,000 from 143,000 the number of police personnel that will be deployed for the May 13 midterm elections.

Iloilo City council calls on water distributors to waive minimum fee amid water shortage...

THE ILOILO Sangguniang Panlungsod (city council) passed a resolution last April 30 calling on the city’s two water distributors to waive the minimum rate amid the prevailing water shortage due to El Niño, especially for consumers who are unable to fully draw the minimum 10-cubic meter (cu.m) supply per month.

Iloilo strengthens ‘bike-friendly city’ campaign

THE ILOILO City government, supported by the private sector, is holding the 6th Iloilo Bike Festival from May 1 to 5 as it strengthens its campaign towards becoming a “bike-friendly city.”

Marcos Bridge closure moved to May 11

THE METROPOLITAN Manila Development Authority (MMDA) announced on Thursday that the closure of the eastbound side of Marcos Bridge in Marikina City will be moved to May 11 from May 4.

New Hall of Justice in QC inaugurated

A NEW Hall of Justice that can accommodate 52 court branches was inaugurated in Quezon City on Wednesday.

Zamboanga City residents warned not to gather, eat dead fish along boulevard as BFAR...

THE ZAMBOANGA City government has advised the public not to gather and eat the thousands of dead rabbitfish, locally referred to as danggit, that were found floating in the waters and washed along the shore of R.T. Lim Boulevard on Wednesday afternoon.

Bangsmoro regional human rights investigator, driver shot dead

AN INVESTIGATOR of the Regional Human Rights Commission (RHRC) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), Archad Ayao, was shot dead in Cotabato City Tuesday while on board a motorcycle transport service known as habal-habal.

Nation at a Glance — (05/03/19)

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

UAAP women’s volleyball Final Four this weekend

COMPETITION in women’s volleyball in Season 81 of the University Athletic Association of the Philippines enters the Final Four round this weekend with all the remaining teams engaging in marquee matches at the Mall of Asia Arena in Pasay City.
Lionel Messi

Messi torments Liverpool with 600th Barcelona goal in 3-0 win

BARCELONA -- Lionel Messi put Barcelona on the verge of the Champions League final with a devastating double in a 3-0 home win over Liverpool in the first leg of their last-four clash on Wednesday, taking his goal tally for the Catalans to 600.
Magnolia Hotshots Pambansang Manok

Hotshots go for 2-0 series lead over Beermen today

HAVING DRAWN first blood in their best-of-seven PBA Philippine Cup finals series last time around, the Magnolia Hotshots Pambansang Manok look to double up on the San Miguel Beermen in Game Two today at the Smart Araneta Coliseum.
Joyette Jopson

Filipina overcomes extreme weather to finish the 78o North Marathon

BEATS extreme cold in marathon near North Pole. Filipina runner Joyette Jopson overcame all odds and conquered the grueling 42-kilometer 78° North Marathon held near the North Pole last April 16.
Jerwin Ancajas

IBF super flyweight champion Jerwin Ancajas has chance to reassert star in Funai fight...

FOLLOWING “pedestrian” performances and outputs in his last two fights, International Boxing Federation super flyweight champion Jerwin “Pretty Boy” Ancajas should take the opportunity to reassert his star when he returns to the ring this weekend for his seventh title defense.
Gian Taylor

Gian Taylor shows great promise in Go For Gold Sunrise Sprint victory

GIAN Taylor tried his luck to reach a lofty goal of racing for Team Go For Gold and the national squad someday.
CJ McCollum

Strong 2nd quarter defense guides Blazers past Nuggets

LOS ANGELES -- CJ McCollum scored 20 points, Enes Kanter had 15 points and nine rebounds, and the Portland Trail Blazers beat the host Denver Nuggets 97-90 in Game 2 of their Western Conference semifinal series on Wednesday night.

Homecourt advantage

Considering the outstanding play of four-time All-Star Damian Lillard, fans can be forgiven for forgetting that the Blazers are no one-man team. True, he was the single biggest reason the Blazers upended the Thunder in the first round; he thoroughly outplayed former league Most Valuable Player Russell Westbrook throughout the five-game series. That said, the capacity of the conference third seeds to go deep in the postseason depends as much on the rest of their roster as on its acknowledged leader. In their current set-to against the Nuggets, for instance, the conscious effort to send multiple defenders his way compels the rest of the black and red to step up.
Department of Labor and Employment (DoLE)

Gov’t tightens foreign worker controls

THE GOVERNMENT on Wednesday tightened rules on permits for foreigners to work in the country, amid reports of thousands of such nationals illegally hired in the gaming industry and even in construction who could be depriving the state of more than P30 billion in income tax each year.
job fair applicants

Hiring, labor turnover eases

LABOR turnover at the country’s large firms eased in the fourth quarter as hiring slowed, according to a report by the Philippine Statistics Authority (PSA).

Jury out on best wage framework

SETTING the country’s minimum wage per region each year has always left neither party -- employers or workers -- satisfied, and the jury is out on a better option that would yield results acceptable to both sectors.

MerryMart set to open 10 stores this year as it eyes rapid growth

MERRYMART Grocery Centers, Inc. of businessman Edgar J. Sia II plans to open 10 stores this year before accelerating its expansion in the next decade.

AC Energy targeting to launch Phinma tender offer within Q2

AC ENERGY, Inc. targets to launch in the next two months the mandatory tender offer to the minority shareholders of Phinma Energy Corp. to complete its acquisition of the company, its top official said.

AirAsia Philippines swings to net operating loss in 2018

THE PHILIPPINE UNIT of the AirAsia Group Berhad, Philippines AirAsia, Inc., swung to a net operating loss of P2.11 billion in 2018 from a profit of P710 million in 2017 as it was hit by the rise in price of jet fuel and the weakening of the Philippine peso against the US dollar last year.

Samsung launches lineup of 8K QLED TVs in the Philippines

SAMSUNG ELECTRONICS Co., Ltd. has launched in the Philippines its QLED 8K television line that features larger screens in response to consumer demand.

RHG’s LSI holds first AFMCP conference in Southeast Asia in PHL

LIFE SCIENCE Institute (LSI), a subsidiary of the ROMLAS Health Group (RHG), in partnership with the Institute for Functional Medicine (IFM) in the US, is hosting its first Applying Functional Medicine in Clinical Practice (AFMCP) Conference in Southeast Asia in Pasay City at the Marriott Grand Ballroom D from April 29 to May 4.