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Daily Archives: June 6, 2019 | 10:34 pm

road works spending

Under-control inflation to boost Q2 investment — FMIC/UA&P

INCREASED investment and consumer spending are expected in the second quarter with the taming of inflation and the acceleration of government spending, according to The Market Call published by the FMIC & UA&P Capital Markets Research.

Mobile speed ratings set baseline for new 5G services — Opensignal

WIRELESS COVERAGE mapping firm Opensignal said Manila lags behind most cities in the Asia Pacific region in terms of download and upload speeds and the quality of the mobile video experience, thereby setting a benchmark which new 5G services need to improve on dramatically to justify the price premium.

DoST to allow non-STEM grade 12 students to apply for tech scholarships

GRADE 12 STUDENTS in non-science, technology, engineering, and mathematics (STEM) tracks will now be permitted to apply for the government’s science and technology (S&T) scholarships.

Japan firm’s mango order to help ease oversupply pressures on farmers

A JAPANESE COMPANY, fruit packer Diamond Star Corp., has expressed interest in importing 100 metric tons of mango, Agriculture Secretary Emmanuel F. Piñol said, an order which is expected to help address oversupply conditions after an El Niño-fueled bumper crop.

World food prices rise in May; cereal output forecast falls

ROME -- World food prices rose for a fifth consecutive month in May after bad weather pushed up the prices of cheese and maize, the United Nations food agency said on Thursday.

ASEAN think tank welcomes Japan policy shift to admit more foreign workers

WITH THE DECLINE of working age employees threatening Japan’s economy, the ASEAN +3 Macroeconomic Research Office (AMRO) said it backs Japan’s moves to open its doors to foreign workers to help address the issue of a shrinking working-age population.

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PwC awarded valuation contract for Malaya power plant

PRICE WATERHOUSE COOPERS (PwC) Philippines has won a contract awarded by state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to value the Malaya Thermal Power Plant and its underlying land.

Smart energy: Use more conventional sources

Some good news in the world energy sector here. One, world oil prices keep falling, WTI is now only $51+ per barrel vs $62 a month ago and $75 in early October 2018. Two, the US cemented its role as the world’s largest oil producer, its output now 12.4 million barrels per day (mbpd) vs. 8.8 mbpd at the end of the Obama administration. Three, the oil-price decline is despite joint OPEC + Russia oil production cut to force higher prices. China is perhaps the world’s biggest oil consumer but it remains a mid-tier oil producer.

Yes to civil unions. But for all

A disappointing aspect of the ongoing national conversation on same-sex “marriage” is the propensity of some sectors, mostly liberal progressives, to use hateful or hostile language on anyone contradicting them.

Combating ‘fake news’

Singapore passed early last May an anti-“fake news” law that will be implemented this month. The “Protection from Online Falsehoods and Manipulation” Act gives government the power to compel online news sites and even chat groups to remove statements “against the public interest” and to correct them. Not only individuals will be affected but also social media and news organizations like BBC and Reuters.

At the seashore

Sun and surf, sea and sky. These are a few of our favorite summer things.

Senators begin assigning committee posts

THE Senate’s reorganization for the 18th Congress is almost complete, Senate President Vicente C. Sotto III said, following a Wednesday dinner attended by both incumbent and incoming senators.

PSEi rises slightly as inflation stays within target

THE MAIN INDEX firmed up on Thursday as investors reacted to May inflation data and a potential rate cut by the US Federal Reserve.

Peso climbs on US job growth

THE PESO strengthened a tad to hit a seven-week high as the dollar weakened due to slower employment growth in the United States.
Grab to launch new services in Cebu

Show-cause order issued to Grab

THE LAND Transportation Franchising and Regulatory Board (LTFRB) said it has issued to Grab Philippines (MyTaxi.PH, Inc.) a show-cause order to justify its pronouncements about the removal of about 8,000 drivers from its platform.

Defense officials no-show in amparo hearing by NUPL

NONE OF the seven defense and military officials who were named respondents in the writ of amparo and habeas data petition of the National Union of Peoples’ Lawyers (NUPL) attended the Court of Appeals hearing on June 6, Thursday, the president of the organization said.

DFA chief: PHL still online participant in climate change meetings

THE Department of Foreign Affairs (DFA) on Thursday clarified it will still remain a participant of United Nations conferences on climate change, but through online communication.

DoH to parents: Watch out for toxic materials in school supplies

THE Department of Health (DoH) called on parents to be on the lookout for toxic materials in school supplies.

CoA flags NPC for delayed ICT Data Center preparation

THE COMMISSION on Audit (CoA) flagged the National Privacy Commission (NPC) for failing to prepare the site for its ICT Data Center, resulting to the significant delay in the complete delivery and installation of procured equipment.
Bureau of Internal Revenue (BIR) logo

BIR files 5 tax evasion cases in Laguna, 1 in Davao

THE BUREAU of Internal Revenue (BIR) filed separate criminal complaints before the Department of Justice (DoJ) against six taxpayers for alleged failure to pay dues with a total worth of P161.8 million.

Holiday in Zamboanga del Norte on June 6 as province celebrates 67th anniversary with...

JUNE 6 has been declared a holiday in Zamboanga del Norte, through Presidential Proclamation 730 signed last June 4, as the province caps the...

Muslim entrepreneurs in Iloilo, some from Marawi, relish peace and order

FOLLOWING THE celebration of Eid’l Fitr on Wednesday, the Iloilo United Muslim Community thanked the people of Iloilo for treating them with respect.

5 abattoirs in Cebu City to be closed

AT LEAST five slaughterhouses in Cebu City will be closed by the city government next week for failing to meet international standards on structure and operations.

TWG formed to check on Zamboanga City’s canning factories after May 28 boiler explosion

A TECHNICAL working group (TWG), composed of representatives from various local government offices and the Bureau of Fire Protection (BFP), has been formed to check on all canning factories in Zamboanga City following the May 28 explosion of one facility’s boiler that was being repaired.

CAAP, NHA ink deal for socialized housing site in Zamboanga City

THE CIVIL Aviation Authority of the Philippines (CAAP) signed a memorandum of agreement with the National Housing Authority (NHA) on Monday, June 3, for the use of a land site in San Jose Gusu, Zamboanga City for retired military personnel.

Nation at a Glance — (06/07/19)

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

Rolling Ginebra Kings eye third win in a row

DEFENDING Philippine Basketball Association Commissioner’s Cup champions Barangay Ginebra San Miguel Kings go for their third win in a row in the ongoing tournament when they play the Rain or Shine Elasto Painters today at the Smart Araneta Coliseum.

Raptors dump short-handed Warriors, 123-109, lead 2-1

OAKLAND, CALIFORNIA -- Danny Green buried three of his six 3-pointers in the third quarter Wednesday night as the Toronto Raptors pulled away from the Golden State Warriors for a 123-109 victory in Game 3 of the NBA Finals.

Philippine U-18 women’s 3×3 team in KO World Cup quarterfinal match

THE PHILIPPINE Under-18 women’s team looks to continue its head-turning showing to date in the 2019 FIBA 3x3 World Cup in Mongolia when it takes on world number one China in a knockout quarterfinal match today.

Torre, Gomez, Laylo lead PHL bid in Asian Continental Chess Championships

FILIPINO Grandmasters (GMs) Eugene Torre, John Paul Gomez and Darwin Laylo along with International Masters (IMs) Paulo Bersamina, Jan Emmanuel Garcia and Daniel Quizon will spearhead the country’s campaign in the Asian Continental Chess Championships (Open and Women’s Championships), slated June 7 to 15 this year at the Hongshigou Quesheng Bieyuan Hostel in Xingtai, (People’s Republic of) China.

Mavs’ Cuban enjoys when Lakers are ‘screwed up’

LOS ANGELES -- Dallas Mavericks owner Mark Cuban told ESPN on Wednesday he takes delight in the plights of the Los Angeles Lakers, who have followed a tumultuous season with more than a few negative headlines this offseason.

Weather gives French Open organizers scheduling headache

PARIS -- Four of the survivors in French Open women’s singles face the prospect of playing three days in a row to win the title after heavy rain washed out the day’s action on Wednesday.

PHL Azkals face China in friendly match; U-22 team plays at Merlion Cup

IT WILL BE a busy weekend for Philippine national football teams as they play abroad as part of their preparation for upcoming tournaments.

Ailing Warriors

For the first time in the Finals, the Warriors managed to have a significant advantage in shot attempts yesterday. After taking just 78 and 81 stabs at the basket in their stints at Scotiabank Arena, they came away with a whopping 91 in Game Three. If nothing else, it was indicative of their conscious effort to dictate the pace to their liking. Unfortunately, they couldn’t translate it to actual production; with Klay Thompson joining Kevin Durant in the sidelines, they had only Steph Curry to rely on for points. And as much as they moved the ball and strive to find open shots, their depleted lineup told on their capacity to make the most of their opportunities.

Startup founder shares how he’s bridging healthcare gaps with drones

Rapid advancements in healthcare mean those with the resources to live in global centers are often able to live longer, healthier lives. But seldom...

Headline inflation rates in the Philippines (May 2019)

AGAINST EXPECTATIONS, inflation accelerated in May following six consecutive months of slowdown, the Philippine Statistics Authority (PSA) reported yesterday. Read the full story.
sari-sari store

Price hikes bigger than expected in May

AGAINST EXPECTATIONS, inflation accelerated in May following six consecutive months of slowdown, the Philippine Statistics Authority (PSA) reported yesterday.
job fair applicants

April finds fewer Filipinos jobless, looking for more work

LATEST DATA show improvements in the country’s labor market with the number of jobless Filipinos, decreasing and those wanting more work dropping to an all-time low in April, the Philippine Statistics Authority (PSA) reported yesterday.

Labor force survey (April 2019)

LATEST DATA show improvements in the country’s labor market with the number of jobless Filipinos, decreasing and those wanting more work dropping to an...

Tobacco tax bill tweaks to cover health care law’s funding gap

LAST-MINUTE CHANGES to the measure further increasing tobacco product excise tax rates that partly tap collections of sugar-sweetened beverage and alcohol product levies should help fully fund implementation of Republic Act No. 11223, or the Universal Health Care Act, a senior official of the Department of Finance (DoF) said on Wednesday.

WB keeps 6.4% 2019 PHL growth forecast

THE WORLD BANK has maintained its 6.4% gross domestic product (GDP) growth projection for the Philippines this year which the global lender penciled in its economic update in April, even as the latest forecast is 0.1 percentage point less than its January estimate.

Cebu Pacific to expand its hubs in Clark, Cebu

CEBU PACIFIC said it is eyeing to expand its hubs in Clark and Cebu as it continues to boost its fleet with a target of 83 aircraft by end-2022.

20 years of making wine specifically for the Filipino palate

TWENTY years ago, Vicente “Nonoy” S. Quimbo, decided that it was time Filipinos had a wine of their own and he came up with Novellino, a brand of wines created especially for the Filipino palate.

Going to Tacloban? Here is where you can stay and what you can do

ROBINSONS Hotels and Resorts (RHR) has formally opened the fifth hotel under its full-service Summit Hotels umbrella — the 138-room Summit Hotels Tacloban which serves as the company’s vote of confidence in the provincial capital’s potential for growth especially in the tourism sector.

SMC’s food and beverage unit bullish on growth

SAN MIGUEL Food and Beverage, Inc. (SMFB) is bullish on growth for the next few years, on back of the steady expansion of its food, beer, and spirits segments.