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Daily Archives: May 7, 2019 | 10:43 pm

Ramon M. Lopez

DTI urged to check foreign compliance with capital rules

THE Philippine Retailers Association (PRA) has called on the Department of Trade and Industry (DTI) to look into whether foreign retailers are violating the rules on minimum investment levels to operate in the Philippines.
Issuance of NBI multipurpose clearance starts today

Law signed exempting first-time jobseekers from document fees

PRESIDENT Rodrigo R. Duterte has signed into a law a measure waiving fees and charges for government documents typically issued to first-time jobseekers, the Palace said.
Bangsamoro supporters

Bangsamoro touted as major source of agricultural growth — DA

THE Department of Agriculture (DA) said it is expecting the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to be a major food producer for the Philippines in five years.
Bureau of Treasury (BoT)

National government debt rises to record P7.8 trillion at end of March

OUTSTANDING government debt rose to record levels in March following the issuance of retail Treasury bonds during that month and amid a weaker peso, the Bureau of the Treasury (BTr) said.
Pilipinas Shell

Shell hydrogen plant in Batangas seen raising processing flexibility

PILIPINAS Shell Petroleum Corp. (PSPC) will build a hydrogen manufacturing facility within its Tabangao, Batangas oil refinery, allowing the company to produce more grades of crude and increase its output by early 2021, its top official said.
Cebu Pacific

Results of probe into Cebu Pacific for flight cancellations due Friday

THE Department of Transportation (DoTr) said it hopes to receive a report by late this week detailing the findings of an investigation into Cebu Pacific, amid ongoing hearings by the Civil Aeronautics Board (CAB) on the carrier’s recent spate of flight cancellations.
Shanghai port China

China trade tensions could mean pain for emerging markets — Fitch

US President Donald J. Trump’s plan to increase tariffs on Chinese imports could lead to risk-off sentiment in emerging markets, according to Fitch Solutions.
Rodrigo R. Duterte

Duterte signs energy efficiency, conservation measure into law

PRESIDENT Rodrigo R. Duterte signed into law last month an energy efficiency and conservation bill, officials said.
rice farmer

Farmer-beneficiaries to be given a say in project procurement

THE Department of Agriculture said it plans to give farmer-beneficiaries a seat on the bids and awards committees of projects intended to benefit their communities to give them a say in the procurement process.
MORE price declines, less Dutertenomics

MORE price declines, less Dutertenomics

As the mid-terms election approaches, we see and hear more “good economic news” coming from the administration. The goal is to dupe the voters into voting the administration senatorial and congressional candidates. Numbers below show that the administration is spewing half-truths.
Elections and democracy

Elections and democracy

The conduct of electoral contests has been a defining element of a democratic life. As a litmus test for democracy, elections bring into the fore the power of the ballot and the sanctity of the vote.
Because it’s the right thing to do

Because it’s the right thing to do

The survey rankings of senatorial candidates in next week’s mid-term elections can shatter the positive attitude of even the most idealistic among us. Some of the worst candidates -- not just undeserving, but pure garbage -- are among the list of probable winners.
Alleluiah, we can increase our shrinking democratic space

Alleluiah, we can increase our shrinking democratic space

It only takes a couple of courageous souls, despite their advanced years, to rouse us out of our passiveness and despair. Look at what retired ombudsman Conchita Carpio Morales and former foreign affairs secretary Albert del Rosario have inspired with their audacious action of filing a case in the International Criminal Court against Xi Jinping, one of the most powerful men in the world and the leader for life of growing world power China, whom our national government has been too timid to contradict. The case was filed by the daring duo in behalf of the fisherfolk in the Philippine marine territories which have been literally taken over by China, thus depriving the fishers and their families and buyers of their precious livelihood and nutrition.
Revisiting the AMLA in light of transnational money laundering

Revisiting the AMLA in light of transnational money laundering

For several decades, money laundering has extended the reach of transnational organized crime throughout various nations. As seen in pop culture, drug lords and mobsters regularly ship off “dirty money” from their illegal trade into off-shore bank accounts, thus making such funds appear “clean” (think Narcos, Breaking Bad, and The Firm).

Peso rises against dollar as inflation slows in April

THE PESO strengthened against the dollar on Tuesday following upbeat inflation data.

Shares snap two-day decline on easing inflation

STOCKS FIRMED UP on Tuesday as investors welcomed the slower inflation reading for April.
Senate plenary hall

Senate to hear ‘Bikoy’

THE SENATE Committee on Public Order and Dangerous Drugs on Tuesday asked “Bikoy,” the man responsible for the “Ang Totoong Narcolist” (The Real Narcolist) videos, to submit a sworn statement and supporting evidence to push through its probe within the week.

Alleged killer of Jee allowed bail

A PAMPANGA court granted the bail petition of the police officer alleged to be the mastermind of the October 2016 kidnapping-murder of South Korean businessman Jee Ick-Joo.
DoF main office

DoF: Canadian red tape may delay garbage shipment

THE 69 container vans of garbage scheduled to be shipped back to Canada may not be returned before the May 15 deadline of President Rodrigo R. Duterte, due to bureaucratic red tape on the part of the Canadian government, the Department of Finance (DoF) said on Tuesday.

Almost 248,000 cops, soldiers to be deployed for May 13 polls

A TOTAL of 247,830 police and military officers will be deployed nationwide to secure the midterm elections on May 13. The Philippine National Police (PNP)...

Court grants De Lima furlough request on May 13 election day

A MUNTINLUPA City Regional Trial Court (RTC) granted the petition of jailed Senator Leila M. De Lima to allow her to vote on May 13 at the polling precinct in Parañaque City where she is registered.

3 tourism road projects in Gonzaga completed

THREE ROAD projects leading to tourist sites in Gonzaga, Cagayan have been completed, the Department of Public Works and Highways-Region 2 office (DPWH-2) reported.

Cebu court junks petition vs Gokongwei-led UHRI’s P18-B Kawit project

THE CEBU City Regional Trial Court (RTC) has dismissed the petition filed by eight councilors against the P18-billion Kawit development project of Gokongwei-led Universal Hotels and Resorts Inc. (UHRI).

Zamboanga City opens 24/7 security command center

ZAMBOANGA CITY’S Security and Surveillance Coordinating Office (SSCO) Command Center was launched Monday at its temporary location at the Zamboanga City Police Office (ZCPO).

Gov’t forces thwart group’s election day violence plan, seize firearms and IED factory in...

A JOINT military and police operation over the weekend in Sultan sa Barongis, Maguindanao led to the arrest of four people suspected to be part of a group planning an attack during the May 13 midterm elections.

Nation at a Glance — (05/08/19)

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

Ateneo, FEU fight for last UAAP finals spot

THE Ateneo Lady Eagles and Far Eastern University Lady Tamaraws make one last go at the remaining finals spot in Season 81 of the University Athletic Association of the Philippines when they collide in their semifinal rubber match today at the FilOil Flying V Arena in San Juan City.
Magnolia Hotshots Pambansang Manok

Magnolia Hotshots focus on commanding 3-1 series lead

CURRENTLY in the driver’s seat of their best-of-seven PBA Philippine Cup finals series at 2-1, the Magnolia Hotshots Pambansang Manok look to create further separation with the San Miguel Beermen in Game Four today at the Smart Araneta Coliseum.
Pioneer Epoxy National Bangkarera (PENB) 2019

Pioneer Epoxy announces National Bangkarera Year 4

PIONEER Epoxy, in cooperation with Angat sa Dagat Organization, unveils PENB 2019 which will hold in Naga City, Cebu on May 31 to June 2 this year.
James Harden

Harden and Rockets level series with Warriors

LOS ANGELES -- James Harden paired a game-high 38 points with 10 rebounds while Eric Gordon and P.J. Tucker provided ample support as the Houston Rockets squared their Western Conference semifinal series against the visiting Golden State Warriors with a 112-108 victory in Game 4 on Monday.

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Chess masters set to join Alpha One Extreme Solution rapid chess championship

GM Darwin Laylo, International Masters (IMs) Ronald Dableo, Angelo Young, Barlo Nadera, Ricardo de Guzman, Deniel Quizon and Chris Ramayrat, National Master Marc Christian Nazario and United states chess master Jose “Jojo” Aquino Jr. have confirmed their participation to the inaugural Alpha One Extreme Solution Open Rapid Chess Championship slated on May 30 this year at the Xentro Mall in Antipolo City.
DeMarcus Cousins

Cousins eyes playoffs return

LOS ANGELES -- Injured Golden State Warriors center DeMarcus Cousins doesn’t want to be counted out of the playoffs. If the Warriors can keep playing this postseason while eyeing another NBA title, so will he, despite having suffered a partially torn quadriceps muscle.

Philam Football: Super Eagles and Ghana FC set for finals rematch

TAGUIG CITY -- Super Eagles and Ghana Football Club are set to face in what will be a highly-anticipated finals rematch after winning over their counterparts in the semifinals of the continuing Season 3 of Philam Life 7s Football League at the McKinley Hill Stadium.

Unexpected turn

The local club football scene was dealt an unexpected blow recently when the plug was pulled on the rebranded Philippine Premier League (PPL) at the weekend with only one official play date held.

The better team

The Celtics remained defiant in the aftermath of a second straight embarrassing loss at the TD Center yesterday. It was actually their third consecutive setback against the Bucks, as clear an indication as any of their overmatched position in the semifinal-round series. Don’t tell them that, though; to a man, they believe they continue to have the capacity to advance to the conference finals. For one thing, they’re convinced their talent base is superior; they ran roughshod over the Pacers in the first round, and then claimed Game One by 22 versus the owners of the league’s best regular-season slate.

Philippine startup community ranks 54th out of 100 globally

According to research center StartupBlink, the Philippines’ startup ecosystem places 54th out of 100 countries all over the world. This is up 16 slots...

March factory output slumps

Factory output posted its fourth consecutive month of decline in March, the Philippine Statistics Authority (PSA) reported this morning. Preliminary results of the PSA's latest...

Inflation slowdown continues in April, slowest in 16 months

Inflation further eased for the sixth straight month in April, the Philippine Statistics Authority reported this morning. April's headline rate of 3% was down from...
Senate of the Philippines

Corporate tax reform OK seen in 2 years

THE EXECUTIVE is aiming for the country to bag another credit upgrade within two years by enacting remaining tax reforms, the Finance chief said on Monday, but the Senate president said he could commit approval of only the corporate tax component of that program within that period.
STEAG power plant Mindanao

SC requires bidding for all power supply agreements

THE SUPREME COURT (SC) has ordered all power supply agreements (PSA) submitted by distribution utilities (DU) to the Energy Regulatory Commission (ERC) on or after June 30, 2015 to undergo competitive selection process (CSP).
office workspace

Rising wages said eroding Asia’s competitiveness

RISING minimum wages across Northeast and Southeast Asia will “gradually” erode the competitiveness of economies in these regions, Fitch Solutions Group Ltd said in a May 3 note e-mailed to journalists on Monday.

SM Prime Q1 profit grows 16%

SM PRIME Holdings, Inc. delivered a 16% profit increase in the January to March period, as its shopping mall, residential development, and commercial properties continued to see strong growth.

Data drives Globe profit higher in 1st qtr

EARNINGS of Globe Telecom, Inc. rose 44% in the first quarter, on strong revenues from sustained increase in data usage by mobile and home broadband subscribers.

HyalRoute Group to invest $1-2 billion in PHL venture

THE Department of Information and Communications Technology (DICT) signed a deal with the local subsidiary of Singapore-based HyalRoute Group last week to roll out a fiber optic cable network in the country.
buildings office spaces Taguig

Metro Manila office supply rises; Taguig still has highest rent rates

METRO MANILA’S supply of Prime and Grade A office space grew by about 170,000 square meters (sq.m.) in the first quarter of the year, with more than half located in Makati City, commercial real estate services company Cushman & Wakefield Philippines said.