Home 2019 May 15

Daily Archives: May 15, 2019 | 10:36 pm

San Miguel wins fifth straight Philippine Cup title

THE stranglehold of the San Miguel Beermen on the prestigious PBA Philippine Cup title continued as they won their fifth straight All-Filipino crown by outlasting the Magnolia Hotshots Pambansang Manok, 72-71, in their Game Seven decider on Wednesday at the Smart Araneta Coliseum.
migrant worker OFW

March OFW remittances rise 6.6% after end of Kuwait worker ban

REMITTANCES from overseas Filipino workers (OFWs) surged in March after a low base from a year earlier, when money sent home was dampened by the government-imposed ban on deployment to Kuwait.
power lines DoE

DoE may limit power contracts to 70% of plant capacity

THE Department of Energy (DoE) is drafting rules that will cap the energy contracted by power plants to just 70% of their installed capacity, leaving a sufficient buffer for use as replacement power to replace the supply lost during unscheduled or unplanned facility outages.
Department of Budget and Management (DBM) facade

Crunch time for gov’t spending as DBM pressed to issue budget circular

THE Department of Budget and Management (DBM) needs to issue a circular for the next budget in order immediately to get the ball rolling on government programs that were stalled by the delays in Congress passing the 2019 budget, the Department of Finance (DoF) said Wednesday.

Report on ‘onerous’ gov’t contracts due this month

THE Department of Justice (DoJ) is set to submit to President Rodrigo R. Duterte its initial report on the review of government contracts with firms and other countries, including the water concession agreements and the foreign loan contracts with China, within this month, Justice Secretary Menardo I. Guevarra said on Wednesday.


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Are you letting your data govern you?

In the past months, I’ve had discussions with banks, business groups, and regulators about how data has become one of the most precious assets of an organization. Most, if not all of us, share the same perspective that data is indeed a key enabler of organizational growth. However, maximizing the value of data continues to be a big challenge.

SC ruling portends lower power rates for ratepayers

THE cloud of uncertainty that hovered over stakeholders in the power sector was lifted by the Supreme Court (SC) decision on May 3 on the competitive procurement of power supply by distribution utilities, mainly for residential ratepayers. The aims and expected results of that decision are to be lauded. If the Department of Energy (DoE) and the Energy Regulatory Commission (ERC) hew to the spirit of the court’s decision well, ratepayers can expect lower rates than will otherwise be, and would have been, the case. But there are implementation challenges that have to be addressed.

Meniong

Herminio “Meniong” Guivelondo Teves, born April 25, 1920, former governor and former congressman of his beloved Negros Oriental, passed away yesterday at the age of 99. If he had his way, I am sure he would have preferred to make it an even 100. However, fate chose to intervene. It robbed him of a year. But what is a year compared to a long and fruitful life.

Change for the better

How do you react to changes in life, may it be a career change or change in the organization? Do you accept it wholeheartedly? Or do you shy away from change to stay in your comfort zone? I am a person who always seeks opportunities, looks for change and sees the bigger picture life has to offer.

Understanding how vaccines work

THE Department of Health joined the rest of the global community in observing World Immunization Week, celebrated in the last week of April. This is timely as the 2019 Childhood Immunization Schedule for the Philippines was released late last February, details of which recommended vaccines for children and adolescents. Prepared by the Philippine Pediatric Society (PPS) and the Pediatric Infectious Disease Society of the Philippines (PIDSP), together with the Philippine Foundation for Vaccination (PFV), the celebration commemorates the 13 vaccinations that Filipino children need from ages zero to 18 years.

Ateneo Lady Eagles force rubber match

THE CHAMPIONSHIP aspirations of the Ateneo Lady Eagles are still alive after staving off elimination and forcing a sudden death in their best-of-three UAAP Season 81 women’s volleyball tournament finals with the University of Santo Tomas Golden Tigresses by taking Game Two in four sets, 26-24, 14-25, 25-21 and 25-15, on Wednesday at the Mall of Asia Arena.

Curry, Thompson bury Blazers with treys to take series lead

OAKLAND, CALIF. -- Stephen Curry and Klay Thompson dominated their highly anticipated matchup with Damian Lillard and CJ McCollum, combining for 12 3-pointers and 62 points in the Golden State Warriors’ 116-94 victory over the Portland Trail Blazers in Game 1 of the Western Conference finals Tuesday night.

Pelicans win lottery, chance to draft Duke’s Williamson

LOS ANGELES -- The New Orleans Pelicans won the draft lottery on Tuesday and will pick first in the 2019 NBA Draft on June 20.

Eustaquio takes cue from time as champ in return

FILIPINO fighter Geje “Gravity” Eustaquio was ONE Championship world champion for only six months but it has taught him a lot in so many ways and something he is now taking cue from as he makes his fight return.

Tiger Woods ‘rested and ready’ for PGA Championship after month off

FARMINGDALE, NY -- Tiger Woods walked into the media interview room at the PGA Championship on Tuesday morning clutching a cup of hot coffee on a cool New York morning.

UAAP high school wars

Unlike the Men’s and Women’s team competitions in the 81st Season of UAAP Chess, where were blowout victories for FEU and DLSU, respectively, the competition in the High School section was very close and indeed FEU and UST finished the double round-robin event tied at 33 points apiece. The tie-breaker was the match points and so FEU, which won nine matches against a draw and two losses (to UST and Adamson), was awarded the title against the Thomasians who only had seven team wins, two draws and three losses (to FEU, NU and UE).

Lottery shockers

Predictability wasn’t exactly the calling card of the National Basketball Association yesterday. True, the Warriors proved true to form and ran roughshod over the Blazers. Having had to endure a quick turnaround from a semifinal-round-series do-or-die affair to Game One of the conference finals, the latter looked too physically and emotionally drained to compete with consistency against the defending champions. Then again, perhaps some semblance of order was, well, in order following a draft lottery that shook probabilities and had oddsmakers scrambling in reaction.

Senate to look into glitch in midterm polls

THE Senate committee on electoral reforms and people’s participation will hold an oversight hearing on June 4 to look into technical issues that hounded Monday’s midterm elections.

Agreement signed on welfare of Filipino workers in New Zealand

THE Philippine Embassy in Wellington witnessed the signing of a “landmark deal” with New Zealand employers to ensure protection of Filipino workers, particularly in the construction sector.

Palace slams US comedian for portrayal of Duterte

MALACAÑANG on Tuesday criticized an American comedian-host for “implying” in his Netflix show that President Rodrigo R. Duterte is an “autocrat” who “every so often goes on a killing spree.”

Chavit wins as Narvacan mayor as Singsons continue to dominate Ilocos Sur

LUIS “CHAVIT” C. Singson, the businessman and former Ilocos Sur governor who is turning 78 in June, does not have retirement from politics in mind as he is set to take the post of Narvacan town’s mayor after winning in Monday’s elections.

169 tons of campaign trash collected; MMDA offers materials for repurposing

A TOTAL of 168.84 tons of campaign trash was collected by the Metropolitan Manila Development Authority (MMDA) following the just-concluded midterm elections, including those placed outside designated areas during the campaign period and those taken down after Monday’s vote.

Peso rebounds vs dollar

THE PESO recovered against the dollar yesterday following the upbeat statement of US President Donald J. Trump on its trade negotiations with China that slightly boosted the risk appetite of investors.

20 new lanes to be constructed at SCTEX toll plazas

TWENTY NEW lanes are set to be added at the toll plazas of the Subic-Clark-Tarlac Expressway (SCTEX), operator NLEX Corp. announced on Wednesday.
190218_PSE08_kjrosales

Stocks decline further as foreign selling persists

LOCAL EQUITIES dropped on Wednesday as foreign investors continued to exit the market.
Bureau of Immigration (BI)

5 undocumented OFWs blocked at Clark airport

THE BUREAU of Immigration (BI) stopped five undocumented overseas Filipino workers (OFWs) who attempted to leave the country as tourists at the Clark International Airport (CIA) in separate incidents last May 8.
handcuffs

Suspects in VCM burning arrested

THE TWO suspects behind the burning of vote counting machines (VCM) in Jones, Isabela on Tuesday have been identified and are now in police custody.

Rep. Garcia says she aims to bring back ‘professionalism’ as she returns as Cebu...

CEBU 3RD District Representative Gwendolyn F. Garcia is returning as provincial governor, a post she held for three terms from 2004-2013.

Legarda proclaimed Antique House representative

OUTGOING SENATOR Loren B. Legarda is moving to the House of Representatives after she was proclaimed winner in the race for Antique’s lone district with 199,187 votes.

Sandiganbayan grants plea bargain to former DAR-Caraga regional head

THE SANDIGANBAYAN approved the plea bargain of former Department of Agriculture (DAR) Caraga regional head Datu Yusoph B. Mama over the misappropriation of P184,904 in public funds for his personal use.

Lessons from a 104-year-old voter in Iloilo

THE HOT weather and congested voting precincts did not stop the elderly of Iloilo from exercising their right and responsibility to vote in last Monday’s midterm polls.

Mayors in Mindanao’s 7 key cities headed for another term

INCUMBENT MAYORS of seven key cities in Mindanao’s six regions are headed for another term, based on either 100% or partial and unofficial results from the Commission on Elections.

Nation at a Glance — (05/16/19)

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

Over half of organizations with cybersecurity strategies fail to test them

Last month, IBM Security announced the results of a global study exploring organizations preparedness when it comes to withstanding and recovering from a cyberattack....

Registering your business and starting your startup right

Startup and business founders are often so forward-thinking or even visionary that they often overlook key details. One example is with business registration, especially...

Kezar Innovations brings latest tech to Filipino firms (and homes)

Kezar Innovations offers four tech products for different parts of life

International CSR Summit 2019 calls for business leaders to take a stand

Enterprise Asia, Asia’s leading non-governmental organization for responsible entrepreneurship will host its annual International CSR Summit (ICS) in Taipei on 24 and 25 May...
Senate of the Philippines

Fresh reform impetus seen in poll results

DOMINATION of the Senate race by bets endorsed by or associated with President Rodrigo R. Duterte promises to revive the impetus for reforms in his last three years in office, analysts agreed on Tuesday, and Malacañang lost no time in listing prompt approval of the P4.1-trillion 2020 national budget and a shift to a federal form of government among its priorities for the 18th Congress that opens its first regular session on July 22.

‘Panda’ offer next after successful euro bond sale — Treasury official

DAYS after the government raised €750 million ($842.33 million) in eight-year euro-denominated bonds, the Bureau of the Treasury (BTr) said the planned yuan-denominated “panda” bonds could be issued within the week, even as the government monitors market conditions abroad.
auto show

Car sales flat in April

AUTO SALES in April roughly steadied from a year ago, even as they dipped from the preceding month, according to latest data which the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association sent to reporters on Tuesday.
electricity power lines

DoF: IPPAs, electricity co-ops owe PSALM P59.23B in unpaid bills

SOUTH PREMIERE Power Corp. (SPPC), a unit of listed conglomerate San Miguel Corp. (SMC), topped the list of entities with the biggest unpaid loans to the government agency tasked to privatize state energy assets, the Finance department said on Tuesday.

GT Capital earnings slide in Q1

GT Capital Holdings, Inc.’s attributable profit slumped by eight percent in the first quarter of 2019, following lower sales from its auto and property segments.

Airline, property units lift JG Summit Q1 profit

JG SUMMIT Holdings, Inc. saw its attributable profit surge 54% in the first quarter of 2019, following the double-digit expansion of its airline and real estate businesses.

Semirara Mining income falls 49% in 1st quarter

SEMIRARA Mining and Power Corp. (SMPC) reported a 49% drop in first-quarter net income to P2.33 billion from P4.57 billion as the selling prices of coal and power, the company’s sources of revenues, decreased during the period.
SHAKEY’S FACEBOOK PAGE

Shakey’s earnings up 2.5% in Q1

SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) saw earnings rise 2.5% in the first three months of the year, thanks to higher number of stores and steady margins despite the seasonally slow quarter.