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Daily Archives: May 6, 2019 | 10:50 pm

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Man claiming to be ‘Bikoy’ video uploader surfaces

A MAN claiming to be “Bikoy” surfaced on Monday at the country’s mandatory bar organization, to claim that controversial identity behind the “Ang Totoong Narcolist” (The Real Narcolist) videos linking members of President Rodrigo R. Duterte’s family to illegal drugs.
Comelec logo

Nationwide round-up

Comelec: Broken seals of ballot boxes ‘accidental’ THE COMMISSION on Elections (Comelec) assured the public on Monday that the broken seals on some boxes containing...
gas pump

Oil prices break uptrend this week

OIL COMPANIES are rolling back the prices of gasoline, diesel and kerosene this week after four straight weeks of price increases the previous month.

Moises Padilla town placed under Comelec control

THE COMMISSION on Elections (Comelec) has placed the municipality of Moises Padilla in Negros Occidental under its control due to “political violence,” citing the recent killing of two town councilors seeking reelection.

DoH reminds on health risks as Iloilo City hits highest heat index in 9...

ILOILO CITY recorded its highest heat index since 2010 at 48°C last May 2, the City Disaster Risk Reduction Management Office (CDRRMO) reported based on its local weather monitoring station.

Aftershocks recorded after magnitude 5.4 earthquake in Ilocos Norte

AT LEAST 2 aftershocks, with magnitude 3.5 and 2.2, were recorded on Monday following the magnitude 5.4 earthquake off the coastal town of Pagudpud in Ilocos Norte at 10:48 a.m. Intensity 4 was felt in Pasuquin, Ilocos Norte and Tuguegarao City, Cagayan.

Davao City allocates P7.8M to assist 22 LGUs hit by El Niño

THE DAVAO City government is allocating P7.8 million to help 22 local government units (LGUs) heavily affected by the long dry spell.
Compostela Valley

Compostela Valley hauls in P1.2B investment pledges

THE PROVINCE of Compostela Valley bagged P1.2 billion worth of investment pledges, surpassing its target to secure P500 million worth of business deals at the first De Oro Business and Investment Conference.

Nation at a Glance — (05/07/19)

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

Senate not confident of passing budget reform

SENATORS said they do not expect to pass the proposed Budget Reform Act, which will modernize the government’s budgeting process, in the remaining time left to the 17th Congress.
damage disaster

DoF cites foreign aid funding for disaster resiliency projects

THE GOVERNMENT is currently implementing a number of disaster resiliency initiatives to prepare the country for future calamities, with the help of funding from foreign governments.
Quanzhou Expo

Iloilo SMEs at China expo seeks gov’t help to reach int’l markets

ILOILO CITY -- An Iloilo City delegation participating in the 5th Quanzhou Maritime Silk Road International Brand Expo in Fujian, China last month cited the need for more government help for small and medium enterprises (SMEs) venturing into international experts.
rice farmer

NFA palay procurement tops three million bags

THE NATIONAL Food Authority (NFA) said Monday that its purchases of palay, or unmilled rice, breached the 3-million-bag mark, bringing total procurement to 3.073 million bags in the four months to April, when its mandate shifted to buying solely from domestic farmers.

PHL obtains China commitment to maximize Filipino workers in building projects

THE Department of Transportation (DoTr) said the government has obtained an undertaking from China to prioritize Filipino workers in all China-assisted infrastructure projects.
evening night microgrid

Microgrid Systems bill filed in Senate

A BILL promoting the development of microgrid systems has been filed at the Senate, with a senior legislator expecting it to help provide power to unserved and underserved areas.

Transfer pricing of shared services

The continuous globalization of trade has led to an increase in intra-group services. Intra-group services are those provided by one or more entities within a group to other fellow units, or for the benefit of the group as a whole. Such services include administrative, finance, human resources, information technology (IT), management, marketing, procurement, research and development, and technical services, among others.
The battle for the 12 Senate seats!

The battle for the 12 Senate seats!

Come 13 May 2019, 61,843,750 or 57.4% of the total 107,795,964 Philippine people will select among other political positions 12 new senators -- it is The Battle for The Twelve Philippine Senate Seats.
Disqualification of Directors of PHCs

Disqualification of Directors of PHCs

The Revised CG Code adheres closely to the additional rules of disqualifications for directors of publicly held companies (PHCs) as those found in the Original CG Code, thus.

Peso weakens as Trump fuels trade woes

THE PESO declined against the dollar on Monday as investors flocked to safer currencies following renewed trade tensions between the United States and China.
PSE bells

PHL stocks slump on US-China trade deal fears

LOCAL EQUITIES fell on Monday as sentiment turned sour following US President Donald J. Trump’s threats to raise tariffs on $200 billion worth of Chinese goods.

The lowest level of pain

AN ITCH is medically considered the lowest level of pain. Even as it sits at the low end of the agony ladder, the itch cannot be ignored. It can be annoying when lodged at a hard-to-reach part of the body when in the company of others. All the same this pain is easily relieved with a simple scratch.
East Germany flag clipart

Germany needs a global role to suit its size

WHEN US Vice-President Mike Pence declared in a speech marking NATO’s 70th anniversary that “too many” alliance members have failed to increase spending on their militaries, he singled out one by name. “Germany must do more,” he said, adding that “it is simply unacceptable for Europe’s largest economy to ... neglect its own self-defense and our common defense at such a level.”
FEU Lady Tamaraws

FEU emphasizes focus and will to win in rubber match

THE FAR EASTERN University Lady Tamaraws lived to fight another day in Season 81 of the University Athletic Association of the Philippines after they negated a twice-to-win disadvantage in the semifinals against the Ateneo Lady Eagles with a hard-earned five-sets win in the first game at the weekend.
Jamal Murray

Murray scores 34 as Nuggets even series

LOS ANGELES -- Jamal Murray scored 34 points and Nikola Jokic collected 21 points, 12 rebounds and 11 assists as the visiting Denver Nuggets wrested back homecourt advantage with a 116-112 victory over the Portland Trail Blazers Sunday.
Phenom Sports Management

Phenom Sports Management manages rising players’ career

ALLYN Bulanadi, Mark Nonoy, Joshua Cajucom and Harvey Pagsanjan are the first ambassadors of the Phenom Sports Management, a group which manages the career of rising stars who are trying to take their game to the next level.
Jerwin Ancajas

Better showing in last fight bodes well for Ancajas

IT WAS another successful title defense for International Boxing Federation super flyweight champion Jerwin “Pretty Boy” Ancajas on Sunday in Stockton, California, and he did it in a more convincing and impressive fashion than his previous two fights, which bodes well for the Filipino moving forward, said a local fight analyst.

You can feel the power

Magnus Carlsen put in a really marvelous performance in the Vugar Gashimov Memorial, not only in terms of points scored but also the high quality of play. Here are two good ones which deserve a place in the next edition of his best games.

Warriors go for win

The Warriors remained supremely confident of their chances heading into Game Four of their semifinal-round series against the Rockets. It didn’t matter that they lost their immediate past match in overtime, and that their rivals limited them to 44.2% shooting en route. As far as they’re concerned, they’re primed to win today, thus claiming the split they need to consider their trip to Houston a success; they’ll be having a commanding lead in the best-of-seven affair, with the next contest providing an opportunity to move on to the next postseason challenge.

SM Supermalls and Tribal DDB show us the actual hardest part of being a...

#SMoments presents "It's Time" When is the right time to hold on and let go? Watch this video and share us your "moving on" stories below....

BusinessWorld Analyst’s Polls

INFLATION likely slowed in April as food prices continued to drop, analysts said, even as they were divided on the central bank’s next policy...
sari-sari store

RRR could be cut should inflation slow

INFLATION likely slowed in April as food prices continued to drop, analysts said, even as they were divided on the central bank’s next policy move, with some expecting a steady stance despite room to ease and a cut in banks’ reserve requirement ratio (RRR) instead.
road works Infrastructure

Poll sees muted 1st quarter GDP growth on 2019 budget delay

ECONOMISTS expect gross domestic product (GDP) growth in the first quarter to be weighed down primarily by the impact of the delayed enactment of the 2019 national budget despite household spending and private sector investment picking up, according to results of a BusinessWorld poll.

BSP to take measured policy steps — S&P

THE PHILIPPINE ECONOMY is not overheating, but this does not mean the central bank will dial back the cumulative 175-basis-point interest rate hike it fired off last year to ease inflation pressures.
rail road track

Mindanao railway construction pushed to Q4 due to alignment issues

DAVAO CITY -- Construction of the Mindanao Railway System (MRS) has been moved to the fourth quarter this year as the government reviews the alignment in Davao City following resistance from affected homeowners.
BOI logo

BoI-approved investment projects rise 46.5% in first 4 months

INVESTMENT projects registered with the Board of Investments (BoI) in the four months to April rose 46.5% year on year to P286.7 billion, led by the power industry.
Bureau of Internal Revenue (BIR)

DoF touts stronger BIR collections under Duterte

THE Department of Finance (DoF) said the Bureau of Internal Revenue (BIR) collections have grown sharply in the first two full years of the Duterte administration, while remaining just a few percentage points below target in each of the two years.
port of manila

Goods trade up 10.5% amid large deficit with top partner China; electronics still top...

INTERNATIONAL trade in goods in 2018 totaled $182.15, up 10.5%, the Philippine Statistics Authority (PSA) said, with China, the top trading partner, accounting for 16.9% of total trade while enjoying a large surplus vis-a-vis the Philippines with exports of $22.01 billion and imports of $8.82 billion.
wage protest

Wage hike petitions still being evaluated by NWPC, DoLE says

THE Department of Labor and Employment (DoLE) said it continues to study current settings for minimum wages after various wage hike petitions were filed before Labor Day last week.
power lines pylons electricity

ERC’s competitive selection rules expected in 30 days

THE Energy Regulatory Commission (ERC) expects to issue within 30 days its final rules on competitive selection process (CSP), a scheme that chooses the lowest-cost power for consumers, including a provision on replacement power that will require the generation companies to shoulder the cost of unscheduled plant outages.

Senate panel targets 3rd reading passage of foreign investment bill before June 7

THE Senate committee on economic affairs targets third-reading approval of measures lifting restrictions on foreign investments and institutionalizing the National Economic and Development Authority (NEDA) ahead of the June 7 adjournment.

Banks and fintech: the next step

In recent years, the Philippine banking ecosystem has undergone rapid digital transformation driven by sweeping technological advances. The Philippine Banking Almanac states that the Philippine banking industry started as a government venture to provide deposit services and fund production in the agricultural and commercial industries. That was 160 years ago and since then, the industry has evolved to include various aspects of financing, up to the ubiquitous digital systems that are now used all over the world. This is no surprise since the banking industry has always been characterized by continuous, customer-driven innovation.

Crime rate down 3.3% in first quarter, says PNP

CRIME VOLUME nationwide decreased by 3.3% or 3,963 incidents to 115,539 in the first quarter compared with 119,502 in the first quarter of last year, according to the Philippine National Police (PNP).
IAG discussion BARMM

BTA member calls for immediate creation of national coordinating body

THE BANGSAMORO Transition Authority (BTA) has called on the national government to immediately set up the Intergovernmental Relations (IGR) Body that will facilitate interactions with the newly-formed Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

Hospital for OFWs to cost over P500M

THE FIRST hospital for Overseas Filipino Workers (OFWs) will cost more than half a billion pesos and is targeted to open by 2020 in Pampanga, according to the Department of Labor and Employment (DoLE).
mining small scale CAR MGB

1st small-scale mining contract in CAR signed with Itogon community

SMALL-SCALE MINERS in Loakan, Itogon are the first in the Cordillera Administrative Region (CAR) to formalize their livelihood through a contract signing with the government last May 2.