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Daily Archives: June 3, 2019 | 10:45 pm

Tree crops development in ASEAN

Permanent crops are mainly trees (e.g., coffee, cacao, rubber) but they also include palms (e.g., coconut, oil palm) and vines (e.g., pepper) (www.fao.org). They are planted and possess long economic life. By contrast, temporary or annual crops are sown and harvested during the same agricultural year. Examples are rice, corn, sweet potato, peanuts and vegetables.

Moving in the right direction

I’ve noted three positive directions being taken by President Rodrigo Duterte and his administration that points to legacy and a lighter load for the next administration.

Smart cities with little congestion and regulations

Metro Manila is composed of 17 cities and has a population of 13.1 million in 2016, the 18th largest city in the world. This 13 million would swell to around 15 million at daytime when people from neighboring provinces come to the big city to study, work, do business and so on. This is big, but not so big compared to other cities around the world like Tokyo, Delhi and Shanghai. Other Asian cities will soon have 10+ million people like Bangkok and Ho Chi Minh (see table).

Why we (don’t) vote

Political decision-making is usually the territory of those in power. What electoral democracy affords us is a window of opportunity to improve status quo: to elect representatives who will protect our values, our political aspirations, and our hope for the future. It is the key feature of our political system.

Duterte will honor campaign vow to hike teachers’ salaries

PRESIDENT Rodrigo R. Duterte plans to honor his campaign promise of higher salaries for public school teachers and will engage them in dialogue to address their pay demands, the President’s spokesperson Salvador S. Panelo said.

PHL, South Korea launch free trade agreement negotiations

THE Philippines and South Korea have launched negotiations for a bilateral free trade agreement (FTA), officials said.

Agriculture fund to release P3 billion worth of loans to support fish farmers

THE Department of Finance (DoF) has approved the use of at least P3 billion for the development of fish farming, tapping most of the loan fund worth P4 billion from the Agricultural Competitiveness Enhancement Fund (ACEF).
National Economic and Development Authority (NEDA)

House approves NEDA bill on third reading

THE House of Representatives approved on third and final reading Monday a bill which expands the number of interagency committees helping the National Economic and Development Authority (NEDA) evaluate more areas of the economy.

Mango bumper crop linked to El Niño phenomenon

THE Department of Agriculture (DA) said the mango bumper crop in Luzon is typical for El Niño conditions, and is exploring expanded exports and on-site processing to deal with the surplus.

Happiness, satisfaction metrics in low 90s — SWS

A LARGE proportion of Filipinos -- 93% -- declared themselves generally “happy” in the first quarter, according to the Social Weather Stations (SWS) polling organization.
power lines

DoE tells power distributors to speed up compliance with competitive selection ruling

THE Department of Energy (DoE) has urged power distribution utilities (DUs) to expedite their compliance with a recent Supreme Court (SC) decision requiring a competitive selection process (CSP) in the bidding out of power supply agreements (PSA).

Senate votes to ratify Indonesia agreement on economic zone

THE Senate on Monday approved on third and final reading a Senate resolution concurring in the ratification of the Philippine-Indonesia agreement on maritime boundaries.

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Health care spending seen lagging economic growth

HEALTH CARE expenditure in the Philippines is not keeping up with economic growth, according to a consultant engaged by the European Union to monitor programs supported by the bloc.

ITR compliance for expatriates

When you stroll around your neighborhood, chances are you will bump into a foreigner. They are present everywhere: in parks, malls, restaurants, and public transportation. You also encounter them in economic zones in Laguna, Cavite, Cebu, and Batangas and even in the central business districts of Makati, Oritigas, Bonifacio Global City, and Cebu. A significant number of these foreigners are here not for vacation, but as expatriate employees. There are also reports that foreigners are now employed not as executives, but as rank and file.

Columbian shoots for turnaround after 1st win

THE COLUMBIAN Dyip finally barged into the win column of the Philippine Basketball Association Commissioner’s Cup at the weekend, something they hope to build on as they shoot for a turnaround after starting their campaign with three straight losses.

Wawrinka battles past Tsitsipas; seeded Federer and Nadal dazzle

PARIS -- Stan Wawrinka rolled back the years to stop Stefanos Tsitsipas in his tracks in the match of the tournament on Sunday to set up a French Open quarter-final against fellow Swiss Roger Federer.

Warriors finish strong against Raptors to even Finals series

TORONTO -- Klay Thompson scored 25 points and added five rebounds and five assists as the Golden State Warriors defeated the Toronto Raptors 109-104 Sunday night to tie the NBA Finals series at 1-1.

Go For Gold support key to PH Navy Sea Lions triumph

ALL the Philippine Navy Sea Lions wanted was a training ground designed to toughen them in preparation for a big tournament.

Football for Humanity continues to spread its wings

FOOTBALL for Humanity Foundation (FFH), a nonprofit, nongovernment organization which aims to use sport and the power of play to inspire, empower and transform the lives of children affected by extreme poverty, natural disasters, and armed conflict, has gone a long way in its mission since being registered in 2017, and has continued to spread its wings to achieve its mission and vision.

Attacking the Berlin

This is one event which I missed because of my medical leave last March, and it was a crime to leave it out of our coverage, for a large international Chess Festival was started in Prague consisting of two closed invitational tournaments -- Masters and Challengers -- with a strong open tournament going alongside as well as multiple round-robin rating tournaments for players rated 1500-2000. It was a huge success with thousands of visitors.

Set for US Open

Tiger Woods knew he had no chance of claiming victory at the Memorial Tournament even before he walked to the first tee for his final 18 yesterday. He looked to be in position to contend early on in the third round, making the turn at 32 following birdies on the odd-numbered holes, but found his aim for a provisional spot close to the leaders stunted by a double bogey on the 10th. He limped with an even-par showing from then on, leaving himself in the mid-20s and 11 strokes off the pace. As he noted in his post-mortem, “I’m so far back ... I’m not going to win.”
peso dollar bills

Peso strengthens to P51:$1 level

THE PESO strengthened against the dollar on Monday, returning to the P51-per-dollar level, as market players await May inflation data.

PSEi soars to 8,000 level on net foreign buying

THE MAIN INDEX soared past the 8,000 mark on Monday, outperforming international markets as it was supported by heavy foreign buying.
Vicente C. Sotto III

13 senators sign resolution supporting Sotto

By Charmaine A. Tadalan, Reporter THIRTEEN senators have signed a draft resolution expressing support for Senate President Vicente C. Sotto III to continue his leadership...

Grab may deactivate 8,000 drivers

GRAB Philippines (MyTaxi.PH, Inc.) said Monday it may have to deactivate “at least” 8,000 vehicle providers from its platform next week, as they failed to comply with regulations set by the Land Transportation Franchising and Regulatory Board (LTFRB).

Palace: Marcoses can join auction of jewelry

MALACAÑANG on Monday said the family of the late dictator Ferdinand E. Marcos is allowed to participate in the auction of “ill-gotten” jewelry seized from former first lady and now Ilocos Norte-2nd district Rep. Imelda R. Marcos.

OFWs’ dragon boat team makes splash in HK

HONG KONG — Filipino women are paddling for gold in this year’s dragon boat races in Hong Kong, with one thing separating them from the competition — they are all maids, often taken for granted in the rich Chinese-ruled city, who no longer want to feel left out.

Courts order consolidation of Dengvaxia cases

SIX Regional Trial Court (RTC) branches have ordered the consolidation of 11 cases against Sanofi Pasteur Inc. filed by families of children whose deaths were linked to the company’s Dengvaxia vaccine.

Duterte certifies ROTC bill as urgent

Malacañang on Monday said President Rodrigo R. Duterte has certified as urgent the bill that seeks to revive the Reserve Officers Training Corps (ROTC) for senior high school students.

Trash send-off

Members of the non-government EcoWaste Coalition raise their message against the illegal entry of foreign waste into the Philippines as 2.561 tons of mixed plastic and electronic waste from Hong Kong is sent back on Monday, June 3, after it was discovered at the Mindanao Container Terminal (MCT) in Tagaloan, Misamis Oriental.

School opening 2019

27.2M students start new school year AS SCHOOL year 2019-2020 opened on Monday, 27.2 million students nationwide went to their kinder, elementary, junior high school,...

Defense chief calls for measures to avoid war over sea dispute

WITH THE “seismic geopolitical shift” in international relations, Defense Secretary Delfin N. Lorenzana said tensions between countries must be addressed to avoid “sleepwalking into another international conflict.”

Dropping Smartmatic needs legal basis, says Comelec spokesperson

COMMISSION ON Elections (Comelec) Spokesperson James B. Jimenez said there should be a legal basis before dropping its partnership with Smartmatic despite the reported glitches during the May 13 elections and the call of President Rodrigo R. Duterte.

Labor leader convicted of illegal firearms possession

THE SAN Mateo Regional trial Court (RTC) Branch 76 has convicted Labor organizer Marklen Maojo Maga of possession of firearms and affirmed the legality of his detainment last year.

CARD plans education loan under Shari’ah financing project

DAVAO CITY — The Center for Agriculture and Rural Development (CARD) Inc. is looking at including educational loans in its Shari’ah-inspired financing project that has gained traction in Mindanao.
gas pump

More than P1 rollback on fuel prices this week

OIL COMPANIES Petron Corp. and PTT Philippines Corp. announced price rollbacks effective 6:00 a.m. on Tuesday at P1.70 per liter (/L) on gasoline, P1.05/L on diesel, and P1.00/liter on kerosene.

Nation at a Glance — (06/04/19)

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

Price hikes could have steadied from Apr.

THE OVERALL RISE in prices of widely used goods likely slowed from a year ago in May though it could have steadied at April’s 16-month-low pace, according to a poll of economists late last week, even as the central bank’s estimate on Friday bared expectation that May could have paused a monthly inflation decline seen since November 2018.
circuit boards electronics semiconductor

PEZA approved pledges drop in first 4 months

INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) -- the second-biggest contributor to such commitments after the Board of Investments (BoI) -- slid nearly a quarter in the first four months of the year as uncertainty mainly from the proposed alteration of tax perks made businesses stay on the sidelines and even look elsewhere for expansion.

Analysts’ May Inflation Rate Estimates

THE OVERALL RISE in prices of widely used goods likely slowed from a year ago in May though it could have steadied at April’s...

Q4 2018 labor turnover flat from third quarter

LABOR TURNOVER in the country’s large firms steadied in the fourth quarter compared to the previous quarter, according to the Philippine Statistics Authority (PSA).

Your fish is your future

LYING WITHIN the global center of marine biodiversity, the Philippines is one of the world’s top fish-producing countries, and millions of Filipinos derive their livelihood from fishing. However, these rich and precious resources are declining rapidly, with research showing that 10 of the country’s 13 major fishing grounds are already under threat due to overfishing, destructive fishing practices, habitat degradation, pollution, improper waste disposal, and extreme weather.

Policy continuity

Does anyone remember the debates during the presidential elections in 2016? In one debate, then candidate Digong Duterte was asked about his economic platform. His answer was that he’d copy the economic platform of the other candidates.

Innovation: The only way

At the BusinessWorld Economic Forum 2019 last week, keynote speaker Jaime Augusto Zobel de Ayala, “JAZA”, chairman and chief executive officer (CEO) of Ayala Corporation made it clear: “Businesses should realize that what brought us success in the past will not be the same issues or factors that will bring us success in the future” (BusinessWorld May 31, 2019). He shared how the Ayala group has consistently embraced innovation, enabling it to remain in business for the last 185 years.

Understanding President Duterte’s approval ratings

The latest survey conducted by the Social Weather Station showed that support for President Rodrigo Duterte and his administration have progressed from “very good” to “excellent.” This is unusual, especially midway in a presidential term.