June | 2019 | BusinessWorld

Japan’s Coast Guard diplomacy in Southeast Asia

In light of recent regional maritime disputes involving China and the Philippines, Japan’s maritime strategy to calm tensions cannot be ignored.

A solution to Metro Manila’s garbage problem

The world’s leading climate scientists agree that the planet’s greenhouse situation has reached crisis levels. This is mainly due to the uncontrolled amount of waste generated by our cities and from the hazardous contaminants resulting from overusing fossil fuels.

The pyramiding of Faith, Hope and Trust

In the sustained anxiety of society from three years of relentless fault-finding and finger pointing on the past mistakes and sins of previous political administrations (plural), fate has taunted all with still more alleged anomalies, scams, even possible crimes -- recidivist, it would seem, to “past” wrong doing. Alas, Philippine politics is like that.

Just a little accident

PARKING LOTS, especially in building basements of condos, have their share of little accidents. Because of the tight slots allocated even for small cars, as well as the constricted turns allowed for backing into or out of parking, mishaps are bound to happen. Entries and exits may cause dings and whacks on side mirrors and such. It’s a maneuvering challenge, especially for inexperienced drivers. Maybe some financial settlements for repairs and detail-work are quietly negotiated, if these incursions are admitted in the first place. And the matter is quickly forgotten.

Dyip edge Beermen

THE COLUMBIAN DYIP handed the San Miguel Beermen a huge loss in the Philippine Basketball Association Commissioner’s Cup, fashioning out a 134-132 victory in overtime on Sunday at the Smart Araneta Coliseum.

Irving and Walker set to change NBA teams

THE BROOKLYN Nets and former Boston Celtics guard Kyrie Irving are “motivated to move quickly toward” a four-year, $141-million deal when they meet in New York on Sunday shortly after the beginning of free agency, ESPN reported Saturday.

PFL: Kaya FC makes it five straight victories

KAYA FC-ILOILO made it five wins in a row in the ongoing Philippines Football League (PFL) tournament after defeating Philippine Air Force FC, 5-0, in league action on Saturday at the Rizal Memorial Football Stadium.

Gilas Youth drops first game at FIBA U19 World Cup against host Greece

GILAS PILIPINAS Youth fought hard in its first game at the 2019 FIBA Under-19 Basketball World Cup but came up short in the end against host Greece, losing, 85-69, early Sunday morning (Manila time).

Teams Phenom and Gilas rule Red Bull Reign PHL

ANOTHER SUCCESSFUL staging of Red Bull Reign Philippines was staged at the weekend with Team Phenom and Team Gilas ruling the men’s and women’s divisions, respectively.

Milo Marathon ‘19 gets SEA Games significance

THE ANNUAL National Milo Marathon kicks off its 2019 edition later this month with the theme “One Team. One Nation. Go Philippines!” in support of the country’s athletes seeing action at the 30^th Southeast Asian Games this year, which the Philippines is hosting.

Defending champion Novak Djokovic prepares for Wimbledon with tiring ‘seven-hour’ meeting

LONDON -- Preparing to try and retain a Wimbledon title is arduous enough but men’s top seed Novak Djokovic says he has spent as much time in the past few days playing politics as hitting tennis balls.

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Bowler Tan wins in Singapore

MERWIN TAN bagged the boys’ Masters youth championships in the 51^st Singapore International Open 2019 over the weekend, proving his early success in the 20^th Asian Youth Tenpin Bowling Championships in Malaysia was no fluke.

PWDs participate in the sixth staging of the Ability Games

THE SIXTH ABILITY Games, an annual sporting event which provides Persons with Disabilities (PWDs) the opportunity to maximize their capabilities in different sports activities, was recently hosted by Volunteer PWD, an association dedicated to organizing activities that raise consciousness on the world of PWDs.

Free agency

If there’s anything the current offseason in the National Basketball Association has shown, it’s that players want to control their destiny. They’re making plans based on developing realities and seeing how they can conceivably come closer to meeting their ultimate objective. Given the surfeit of talent, they understand that getting ahead means getting support. Which is why marquee names are constantly engaging with each other and cooking up scenarios where individual goals dovetail with collective pursuits.

Ban on new NCR eco-zones puts P34B in BPO investment at risk

SOME P34.238 billion worth of business process outsourcing (BPO) projects are at risk due to President Rodrigo R. Duterte’s recent order to halt the processing of economic zone applications in the National Capital Region.

ANZ expects spending recovery only in 3rd quarter

ANZ Banking Group said it maintained its estimate for Philippine gross domestic product (GDP) growth in 2019 to 6%, the lower range of the government’s target range of 6-7%, with public investment and spending unlikely to recover until the third quarter of 2019.

DoST tells Western Visayas schools to explore AI

THE WESTERN Visayas Region has the potential to become a hub for the science and technology sector due to the strong research and development performance of its state universities and colleges (SUCs), according to Department of Science and Technology (DoST) Secretary Fortunato T. dela Peña.

CTA amends 3M ruling, orders payment of P20.5 million

THE Court of Tax Appeals (CTA) said it ordered 3M Philippines, Inc. to pay P20.5 million in tax deficiency for 2011.

French delegation asks for more sectors to be opened to foreign investment

A DELEGATION from France has urged the Philippines to ease investment rules in more sectors, particularly in public service and retail, the Department of Trade and Industry said following a bilateral economic meeting between Manila and Paris.

GOCC dividends top P44.69B in mid-June

GOVERNMENT-OWNED and controlled corporations (GOCCs) remitted dividends amounting to P44.69 billion as of mid-June, up 57% from a year earlier, according to the Department of Finance (DoF).

Labor turnover peaks in 2018 second quarter

EVERY quarter of 2018 posted net employment gains, with the labor turnover rate peaking in the second quarter, the Philippine Statistics Authority (PSA) said Friday.

Businesses urged to improve quality of graduates via teacher training

EMPLOYERS said all industries need to get involved in improving teacher training to better prepare educators to turn out employable workers.

PHL urged to review TRABAHO bill to ensure competitiveness — TMAP

THE government should ensure that the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) boosts Philippine competitiveness as an investment destination, the Tax Management Association of the Philippines, Inc (TMAP) said.

SEC finalizes rules on material RPT for listed firms

In line with efforts to better protect minority investors and improve corporate governance, the Securities and Exchange Commission (SEC) now requires Publicly-Listed Companies (PLCs) to disclose dealings with their related parties. SEC Memorandum Circular No. 10 provides the rules on reporting material related party transactions (RPT) and the minimum requirements in drafting the RPT policies of PLCs.

TV, Facebook are top news sources for Filipinos

OVER 13 million Filipinos turn to Facebook, more than newspapers and radio combined, as their news source, according to the latest Social Weather Stations (SWS) report released Sunday.

MNLF not giving up hope on shift to federalism

DESPITE PRESIDENT Rodrigo R. Duterte’s pronouncement that he is no longer inclined to push for federalism, a representative of the Moro National Liberation Front (MNLF) on Saturday said there is still “hope” for this campaign promise to be implemented in the remainder of the President’s term.

Water level at Angat improves, but still below critical point

ANGAT DAM’S water level moved up to 158.64 meters after months of decline due to the enhanced southwest monsoon.

CORDS-10 maps out projects for Bukidnon town in counter-insurgency campaign

THE CABINET Officer Regional Development and Security (CORDS)-Region 10 and other government agencies have committed to provide more government projects and services for residents of Cabanglasan town in Bukidnon as part of the government’s whole-of-nation counter-insurgency approach.

7 years after closure order

THE 5.2-hectare Irisan open dumpsite in Baguio City has been confirmed to be still operating despite a closure order issued by the National Solid Waste Management Commission in 2012.

DoH raises alarm over rising death toll due to rabies in Western Visayas

THE DEPARTMENT of Health-Center for Health Development (DOH-CHD) in Western Visayas called on the public to immediately seek consultation after being bitten or even just scratched by a cat or dog as the number of deaths due to rabies has been increasing in the region.

Authorities call for calm, vigilance in bombing aftermath

AS OFFICIALS delivered words of sympathy to the families of those who died and those wounded in last Friday’s bombing at the headquarters of the 1st Brigade Combat Team in Indanan, Sulu, they also called on the public for calm, vigilance, and support as the government pursues its campaign against acts of terror.

Davao is 1st port visit of USS Montgomery’s 1st deployment

THE UNITED STATES Navy’s combat ship USS Montgomery (LCS 8), escorted by the Davao coastguard and the Philippine Navy, arrived at the Sasa Port in Davao City Saturday, it’s first port visit on its first deployment.

Senators set to file pet bills ahead of 18th Congress opening

SENATORS WILL begin filing their pet bills and resolutions on Monday, three weeks before the opening of the 18^th Congress on July 22, the Office of the Senate Secretary said Sunday.

PHL joins capacity-building program for Arms Trade Treaty

AMID THE Duterte administration’s campaign against terrorism, the Office of the Special Envoy on Transnational Crime (OSETC) on Sunday announced that the government has participated in a capacity building program with the Expertise France and the German Federal Office for Economics and Export Control (BAFA) for the implementation of the Arms Trade Treaty (ATT), which the Philippines signed in 2013.

CoA report: NBI fails to acquire 7 of 8 state-of-the-art equipment; P8.7 million worth...

THE COMMISSION on Audit (CoA) flagged the National Bureau of Investigation (NBI) for acquiring only one of the eight planned state-of-the-art equipment and facilities as of December 2018, contrary to Republic Act 108671, the National Bureau of Investigation Reorganization and Modernization Act.

Central bank expects inflation to have resumed slowdown this month

HEADLINE INFLATION this month — to be reported on July 5 — likely slowed from a year ago and from May amid lower rice prices, an electricity rate reduction and a stronger peso that made imports cheaper, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research said in an e-mail on Friday.

MWSS fines Maynilad

THE METROPOLITAN Waterworks and Sewerage System (MWSS) is penalizing Maynilad Water Services, Inc. for failure to comply with service obligations as stipulated in its concession agreement with the government.

Nomura sees ‘marginal improvement’ in Q2 GDP growth

OVERALL ECONOMIC GROWTH likely picked up slightly this quarter from January-March but was still a slowdown from a year ago due to improved but still-muted government spending, Euben Paracuelles, executive director and senior economist for Southeast Asia at Nomura Securities Company Ltd’s Research Division, said in a June 28 note e-mailed to journalists on Friday.

Monthly Archives: June 2019