Home 2019 May 8

Daily Archives: May 8, 2019 | 10:25 pm

Laguna de Bay LLDA

Full gov’t mobilization urged for Laguna de Bay

THE Management Association of the Philippines (MAP) said President Rodrigo R. Duterte needs to issue an executive order broadly mobilizing government agencies to work toward the rehabilitation of the Laguna de Bay.
Carlos G. Dominguez III

Delay in passing budget dampened spending by P1 billion daily

THE government will seek to make up for the building lag caused by the delayed 2019 budget, which dampened spending by about P1 billion a day, but much will depend on good weather to facilitate construction, Finance Secretary Carlos G. Dominguez III said.
AIM Aboitiz

Aboitiz Group endows new AIM institute

THE ABOITIZ GROUP said Wednesday it is donating P500 million to the Asian Institute of Management (AIM) to support the growth of data science and innovation in the Philippines.
coconut farmer

Diversified crop program targets conversion of 1-M hectares planted to coconut

AT LEAST 1 million hectares of land devoted solely to coconut cultivation will be targeted for conversion to diversified crop production sites, aided by advanced irrigation techniques, the Department of Agriculture (DA) said.
Diwa C. Guinigundo

Economic team in ‘active pursuit’ of A-level sovereign rating

PRESIDENT Rodrigo R. Duterte will remain “very engaged” with Congress in pushing for the approval of the remaining tax reform packages using his “political capital” as his administration targets an “A”-level sovereign credit rating within two years, Finance Secretary Carlos G. Dominguez III said Wednesday.

Filinvest Development Corp. to invest P20 billion in Clark projects

THE Filinvest Group is set to inject P20 billion worth of investment into all its projects in Clark City in Central Luzon over the next five years.
Davao airport BW-file

Davao businesses urge fast-tracking of airport, other projects

DAVAO CITY’S business sector has renewed its call on government to fast-track infrastructure projects, especially the rehabilitation of the airport here, as Qatar Airways prepares to launch direct flights to Doha beginning June 18.
Iloilo River Esplanade

Iloilo City council grants water distribution franchise to Lucio Tan firm

ILOILO CITY’S Sangguniang Panlungsod (SP) has approved another water distribution franchise, this time to New Earth Water System, Inc. (NEWS), a subsidiary of Lucio Tan-controlled Boracay Tubi System, Inc.

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Revisiting the TRABAHO (or no trabaho?) bill

So the TRABAHO Bill -- or, Tax Reform for Attracting Better and High-Quality Opportunities, also known as TRAIN 2 -- failed to pass Congress. Its intent was to rationalize investment incentives by making them more time-bound and performance-based. What seems most controversial in the bill is the removal of the preferential 5% gross income earned (GIE) currently offered by Investment Promotion Agencies such as the Philippine Economic Zone Authority (PEZA).
Driving on plastic

Driving on plastic

Our oceans are dying partly because of plastic waste, and I used to think that limiting plastic production as well as banning single use would be the more effective remedies particularly against marine plastics. But I have started to see things in a different light, especially after I attended a forum co-hosted by the World Bank and the Norwegian Embassy in Manila.
Mainstreaming disaster risk reduction with education

Mainstreaming disaster risk reduction with education

Just recently, an earthquake shook different parts of the country that killed people and damaged properties, especially in Pampanga. The Philippines, located within the Pacific Ring of Fire and the Pacific Typhoon belt, is most affected and highly vulnerable to earthquakes, floods, landslides, tsunamis, typhoons and volcanic eruptions. In a span of a century from 1900s, 355 disasters have occurred in the country. On average, we are hit by 900 earthquakes and 20 cyclones yearly. In 2010 alone, Php25 million worth of damage to properties have been reported and affected 3 million people. From 1997 to 2007, billions worth of damage in agriculture, infrastructure and private property have been caused by typhoons. Indeed, disasters hurt people, especially the poor.

Ending the discussion

DEMOCRATIC PRINCIPLES in traditionally autocratic hierarchies like corporations are always a challenge to implement. A participative management style requires a lot of meetings. Decisions are arrived at by getting all or a majority to discuss an issue and buy into the agreed course of action. The approach involves consultations with all those affected, which in big decisions like parking assignments, reporting relationships, acquisitions, and inclusion in foreign trips involve emotions and lots of raised voices.
BARMM must not be treated like a regular LGU

BARMM must not be treated like a regular LGU

THE Bangsamoro Autonomous Region in Muslim Mindanao or BARMM has been described as a “radical transformation” from its predecessor, the ARMM. The former is a creation of Republic Act No. 11054 or the Organic Law for the Bangsamoro Autonomous Region in Muslim Mindanao (hereafter referred to as BOL), while the latter came to be via the now superseded Republic Act No. 6734 as amended.
Ateneo Lady Eagles

Ateneo Lady Eagles claim last finals spot

THE ATENEO Lady Eagles are heading back to the University Athletic Association of the Philippines women’s volleyball tournament finals after defeating the Far Eastern University Lady Tamaraws in four sets, 25-20, 21-25, 25-23 and 25-14, in their Final Four do-or-die on Wednesday at the FilOil Flying V Arena in San Juan City.
Divock Origi

Liverpool stuns Barca with 4-0 comeback win

LIVERPOOL, ENGLAND -- Liverpool produced one of the greatest comebacks in Champions League history to beat Barcelona 4-0 on Tuesday, overturning a three-goal first-leg deficit and advancing to their second successive final with a 4-3 aggregate victory.
San Miguel Beermen

Beermen tie series with Hotshots; SBP makes changes in structure

THE defending champions San Miguel Beermen levelled their best-of-seven PBA Philippine Cup finals series with the Magnolia Hotshots Pambansang Manok at 2-2 after winning Game Four, 114-98, on Wednesday at the Smart Araneta Coliseum.
Joyette Jopson

Good old resiliency, determination power Filipina Joyette Jopson to conquer 42-km Arctic marathon

AS AN ELITE triathlete and cyclist overcoming adversities is nothing new to Joyette Jopson.

Raptors rout Sixers for 3-2 lead

TORONTO -- Kawhi Leonard scored 21 points and grabbed 13 rebounds as the Toronto Raptors defeated the visiting Philadelphia 76ers 125-89 Tuesday night to take a 3-2 lead in their Eastern Conference semifinal series.

Nuggets a win away of West finals

NIKOLA Jokic had 25 points, 19 rebounds and six assists, Paul Millsap scored 24 points, and the host Denver Nuggets beat the Portland Trail Blazers 124-98 in Game 5 of their Western Conference semifinal series on Tuesday night.

UAAP college wars

First of all I’d like to apologize to our readers for the lateness of our reporting. Usually the UAAP chess team tournament is held around towards the end of the school year, around February-March. This year they decided to advance the tournament to the first semester and it happened Sept.-Oct. of 2018. Somehow it never entered my consciousness that the competition had been rescheduled. Anyway, better late than never.

Stifling defense

Kawhi Leonard was decidedly mortal yesterday. Compared to the insane numbers he had been putting up throughout the playoffs, his stats in Game Five of the Raptors’ semifinal-round series were far more modest: He had 21 (on seven-of-16 shooting from the field), 13, and four in 36 minutes of play. In part, it was due to a conscious decision by head coach Nick Nurse to add more variation to an offense that had hitherto been focused on him. In larger measure, it was simply because he missed shots he had been making even in the face of tight coverage.

Senate cancels investigation on Bikoy ‘nonsense’

By Charmaine A. Tadalan and Arjay L. Balinbin Reporters THE Senate on Wednesday canceled a planned hearing on the controversy over the netizen “Bikoy” which the...

Number coding scheme for provincial buses lifted May 10, 14

THE number coding scheme for provincial buses will be lifted on Friday, May 10, and Tuesday, May 14, the Metropolitan Manila Development Authority (MMDA) said.

Karina David, 73

FORMER Civil Service Commission chair Karina Constantino-David passed away on Tuesday evening, CSC Commissioner Aileen A. Lizada confirmed on Wednesday. Mrs. David was 73.
Teodoro L. Locsin, Jr.

DFA chief to Canada: ’We walk away’ if trash not taken

FOREIGN Affairs Secretary Teodoro L. Locsin, Jr. on Wednesday threatened to “walk away” from Canad should it fail to comply with President Rodrigo R. Duterte’s May 15 deadline to ship out the 69 waste containers sent to the Philippines by a Canadian firm.

Task force vs vote buying launched

LESS THAN a week before the May 13 midterm polls, the Commission on Elections (Comelec) launched a task force intended to address the long-standing problem of vote buying.

Remulla faces raps over alleged vote buying

CAVITE GUBERNATORIAL candidate Juanito Victor “Jonvic” C. Remulla is facing election violation raps over an alleged vote buying incident.

Court issues hold order vs suspected mastermind in Korean’s slay

A PAMPANGA court has issued a hold departure order (HDO) against the alleged mastermind of the October 2016 kidnapping-murder of South Korean businessman Jee Ick-Joo.

Slow internet infra development hinders BPO potential in Bohol

THE ISLAND province of Bohol, with a local economy based largely on tourism and agriculture, is also a potential information technology (IT) hub if the internet infrastructure were developed faster, according to the Philippine Economic Zone Authority (PEZA) head.

BARMM adopts drone technology as transparency tool

THE BANGSAMORO Ministry of Public Works (MPW) has launched the Expanded Bangsamoro Advanced Road Mapping and Management (E-BARMM) System to monitor and report on infrastructure projects as part of efforts to improve transparency in the region.

Ramadhan Trade Fair opens

THE FIRST Bangsamoro Ramadan Trade Fair was launched on Wednesday inside the Bangsamoro People’s Complex in Cotabato City.

Peso plunges vs dollar

THE PESO plunged against the dollar on Wednesday due to lower-than-expected Philippine trade balance data as well as market caution ahead of key data to be released today.

PSE index ekes out gains ahead of GDP data, BSP

THE MAIN INDEX eked out gains after trading in negative territory for most of Wednesday’s session, as investors went on selective buying at the close.

Plunder complaint filed vs Alvarez, chief of staff

A COMPLAINT has been filed before the office of the Ombudsman-Mindanao against former House speaker Pantaleon D. Alvarez and his chief of staff, Edwin I. Jubahib, for alleged violation of Republic Act 7080 and Republic Act 3019, the law on plunder and the Anti-Graft and Corrupt Practices Act, respectively.

Nation at a Glance — (05/09/19)

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

Logistics leader W Express launches new e-payment platform ECPay

W Express, one of the country’s pioneering logistics companies, has launched ECPay, a new service designed to make payments hassle-free for its customers. ECPay allows...

Trade gap widens in March

The country’s trade deficit in goods widened in March as exports declined while imports registered faster growth, the government reported this morning. Preliminary data...
grocery supermarket

Inflation slowest in 16 months in April

INFLATION eased for the sixth straight month to its slowest pace in 16 months in April, the Philippine Statistics Authority (PSA) reported on Tuesday, giving more room for the central bank to loosen monetary policy.

Headline inflation rates in the Philippines (April, 2019)

A TOTAL of 247,830 police and military officers will be deployed nationwide to secure the midterm elections on May 13.
assembly line factory

Manufacturing falls for 4th month

FACTORY OUTPUT posted its fourth consecutive month of decline in March, the Philippine Statistics Authority (PSA) reported on Tuesday.
construction workers

TUCP seeks P386 across-the-board Region 7 wage hike

A WEEK after filing its plea for a P710 across-the-board increase for Metro Manila’s private sector workers, the country’s biggest labor group filed a petition for a P386 increase for private sector employees in Central Visayas.
electric meters linemen technician

Meralco: May bills to slip on lower generation charge

AFTER RISING for three straight months, electricity rates will go down by P0.2728 per kilowatt-hour (/kWh) in May, resulting in a P55 reduction for the monthly bill of a typical household consuming 200 kWh, Manila Electric Co. (Meralco) announced on Tuesday.

ALI nets P7.3B in 1st quarter

AYALA LAND, Inc. (ALI) saw its net income rise 12% in the first three months, driven by higher residential sales and strong commercial leasing revenues.

LT Group allocates P19 billion for capex

LT Group, Inc. (LTG) will be spending about P19 billion in capital expenditures (capex) this year, a big chunk of which will be used to support the planned stock rights offering of its banking unit.

Chelsea Logistics, PNOC look to jointly develop LNG logistics hub in Mabini

CHELSEA Logistics Holdings Corp. said on Tuesday that it was exploring a possible joint development of a fuel and liquefied natural gas (LNG) storage and terminal with Philippine National Oil Co. (PNOC) in the state-run company’s site in Mabini, Batangas.