Home 2019 June 11

Daily Archives: June 11, 2019 | 10:38 pm

hospital beds

Growth in PHL health care costs second-highest in Asia — Mercer

HEALTH CARE costs in the Philippines are expected to post double-digit growth in 2019 and will continue to rise next year, driven by the higher cost of private health services.

Grab calls on LTFRB to allow deactivated drivers temporarily

GRAB Philippines (MyTaxi.PH, Inc.) is calling on the Land Transportation Franchising and Regulatory Board (LTFRB) to temporarily allow drivers who were deactivated from the platform Monday to resume driving.

IRR signed for executive order directing government land distribution

THE Department of Agrarian Reform (DAR) and the Department of Justice (DoJ) have signed the implementing rules and regulations (IRR) for Executive Order No. 75, series of 2019, which instructs all government arm to identify government-owned lands (GOL) suitable for agriculture distribution.
power line NGCP

PCC, Energy dep’t agree to cooperate in competition probes

THE Philippine Competition Commission (PCC) and the Department of Energy (DoE) have signed an agreement that will allow for coordination in their power sector investigations.

More controls on entry of Chinese workers looming

THE CABINET is working on a set of rules to be enforced across various agencies that will require foreign workers to acquire work permits and taxpayer identification numbers, signaling a crackdown on the unchecked entry of Chinese workers, the official said.

Cabinet cluster backs perks, incentives to decongest NCR

PRESIDENT Rodrigo R. Duterte will “most likely” issue an executive order to offer incentives to businesses locating outside of Metro Manila in order to help decongest the National Capital Region, as recommended by a section of the Cabinet, Malacañang said Monday.
rice farmers

Rice inventories higher after NFA stocks surge

THE RICE inventory on May 1 was estimated at 2.95 million metric tons (MMT), up 1.3% from a year earlier, and up 12.2% year on year, the Philippine Statistics Authority (PSA) said.

Audit commission says Napolcom allowance for supplements unauthorized

THE COMMISSION on Audit (CoA) flagged the National Police Commission (Napolcom) for providing allowances for dietary supplements to its employees without legal basis.
consumer shopping

DoF: Small month-on-month price growth possible

THE DEPARTMENT of Finance (DoF) said inflation will be on track over the rest of the year if the month-on-month price movements are capped at about 0.4 percentage points, with the latest data settling well below that ceiling.
pig farm

ASF task force warns gov’t to prepare to compensate farmers

AN official with the government’s task force to prevent the entry of African Swine Fever (ASF) said the group is pushing for funding to indemnify farmers should the disease enter the Philippines.

Mr. President, we can make an explosion

Our situation in the South China Sea evokes an image of a child who gets his pants pulled down on the playground at lunchtime. This is normally followed by physical harm such as repeated hitting, kicking, pushing, and the like. And, to make the physical intimidation more credible, the bullies usually outnumber the victim, and more often than not, have a visible physical advantage.

Snapshots of Eddie Garcia

I’m praying that, by the time this piece comes out, my friend and motion picture colleague Eddie Garcia will have recovered from his recent neck fracture and is resting well, before going back before the cameras. At age 90, Eddie is one of the oldest film and TV actors in the country and, without fear of contradiction, one of the most awarded silver screen professionals in the world, not just as best actor and best-supporting actor, but as best director, as well.

Who gets the credit?

AFTER the Bay of Pigs fiasco, John Kennedy famously noted: “Success has many fathers, but failure is an orphan.” It seems this quote was originally from Tacitus which in Latin has a slightly different tone: “This is an unfair thing about war: victory is claimed by all, failure to one alone.”

Moving to a low-carbon future — why banks and companies need to step up

THE CLOCK is ticking on climate change. We currently have more greenhouse gases in our atmosphere than at any time in human history.

Palace advises KAPA investors to file class suit

MALACAÑANG PALACE on Tuesday urged those who put in money to the Kapa-Community Ministry International, Inc. (KAPA) to file criminal and civil suits against the group to recover their investments.

PhilHealth execs could be reappointed—Panelo

PRESIDENT RODRIGO R. Duterte may reappoint the Philippine Health Insurance Corporation (PhilHealth) board members whom he asked to resign if they will be cleared of any involvement in irregularities in the agency.

Salceda says DFA obliged to support climate change talks

ALBAY 2ND DISTRICT Rep. Joey S. Salceda has called out Foreign Affairs Secretary Teodoro L. Locsin Jr. for banning his department’s officials from attending climate change conferences “requiring air travel” and pulling out financial support for other offices.
Rodrigo R. Duterte

Forums set in preparation for President’s 4th SONA

PRESIDENT RODRIGO R. Duterte’s Cabinet officials are set to hold a series of forums to discuss the policies, programs, and achievements of his administration in preparation for his fourth State of the Nation Address (SONA).
Salvador S. Panelo

Order out soon to formalize Cabinet members’ special regional designations under CORDS

PRESIDENT RODRIGO R. Duterte is set to issue an executive order (EO) formalizing the designation of the Cabinet Officers for Regional Development and Security (CORDS).

No Duterte Youth representative can sit until Cardema case resolved — Guanzon

THE COMMISSION on Elections (Comelec) started its hearings yesterday on former National Youth Commission chair Ronald Gian Carlo L. Cardema’s petition to be the Duterte Youth party-list’s first nominee.

Trillanes claims to have new evidence relating to Bikoy

OUTGOING SENATOR Antonio F. Trillanes IV yesterday said he is in possession of new evidence that will further disprove allegations that he is among those behind a plot to oust President Rodrigo R. Duterte, as claimed by Peter Joemel Advincula.

PRDP projects in Pangasinan almost complete

AGRICULTURE-RELATED projects in Pangasinan implemented under the Philippine Rural Development Project (PRDP) are almost complete and the next challenge is ensuring sustainability, a World Bank (WB) official said.

6 Abu Sayyaf members nabbed in various locations

THE NATIONAL Bureau of Investigation (NBI) arrested six alleged members of the Abu Sayaff Group in separate operations conducted in Taguig City, Balanga City in Bataan, and Zamboanga City.

Transformation of MILF camps begin with community consultations

Members of the Government Implementing Panel have started their visits and “conversations” in the six camps of the Moro Islamic Liberation Front (MILF) in preparation for the transformation of these sites into peaceful and productive communities in line with the new Bangsamoro region.

More comfortable buses

Buses with toilet are now serving routes between the Cebu South Bus Terminal (CSBT) and the cities of Mandaue and Lapu-Lapu.

Nation at a Glance — (06/12/19)

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

Peso climbs on US-Mexico deal

THE PESO strengthened on Tuesday as tensions between the United States and Mexico eased following a deal on immigration policies.
PSE bells

PHL stocks decline on last-minute profit taking

LOCAL EQUITIES slipped on Tuesday as investors decided to take profits at the last minute ahead of a trading break for Independence Day.

Jones, KaTropa stake two-win run vs Kings

ONE of the more solid imports in the ongoing Philippine Basketball Association Commissioner’s Cup, Terrence Jones tries to lead the TNT KaTropa to their third straight win when they take on the defending champions Barangay Ginebra San Miguel Kings today in an Independence Day double-header at the Smart Araneta Coliseum.

Warriors edge Raptors to stay alive

TORONTO -- Stephen Curry and Klay Thompson combined for three 3-pointers in the final three minutes, and the Golden State Warriors held on to defeat the Toronto Raptors 106-105 Monday night in Game 5 to stay alive in the NBA Finals.

Durant suffers Achilles injury in first game back from injury

TORONTO -- Kevin Durant’s long-awaited return from injury on Monday with the Golden State Warriors season on the line in the NBA Finals was short-lived as he suffered an Achilles injury in his first game in over a month.

ONE Championship sets stacked card for next Manila event in August

ONE CHAMPIONSHIP does not come back to Manila until August but this early much buzz is generating behind it after it announced a stacked card for the event.

Blu Boys are back in World Softball Championship

AFTER a 15-year absence, the Blu Boys are back in the World Men’s Softball Championships set from June 13 to 24 in Prague, Czech Republic. The country’s national men’s softball team will face Cuba on June 14 in its first game in Group A where defending champion New Zealand and Asian champion Japan are also playing.

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Big guns could be spiked at wide-open US Open

LOS ANGELES -- A premium iron player will likely win this week’s US Open at Pebble Beach, where Zach Johnson has almost as good a chance of prevailing as Dustin Johnson in the third major championship of the year.

Import take

Action in the midseason tournament Philippine Basketball Association Commissioner’s Cup is now in full swing with all competing teams having taken the hardwood.

Durant’s sacrifice

For a while there, it looked as if the Raptors were on their way to making a date with destiny by once again riding on the coattails of superstar Kawhi Leonard. When he checked in with nine minutes and change left in the fourth quarter, they hitherto seemed unable to overcome the obstacle erected courtesy of the cameo appearance of injured Kevin Durant. But no matter; with the game on the line and the championship within sight, he promptly went to work. In a little over three and a half minutes, he came up with a block, a rebound, two points, an assist, a rebound, three points, two points, three points, and two points to preside over a 12-point turnaround and get them six up with just about the same period left to play. Scotiabank Arena was ready to explode.

Finding investment opportunities in a volatile market

Amid trade tensions between the United States and China, and issues such as Brexit and global geopolitical unrest, investor confidence in the market has...

Trade deficit narrows in April

The country's trade-in-goods deficit narrowed in April as merchandise exports grew while imports declined, although this did not prevent the year-to-date trade gap from...

Foreign direct investments fall in March

FOREIGN direct investments (FDI) declined to a four-month low in March, dragged by lower equity capital flows amid global uncertainties, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

Foreign direct investments in the Philippines (March 2019)

FOREIGN direct investments (FDI) declined to a four-month low in March, dragged by lower equity capital flows amid global uncertainties, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

SEC goes after religious group operating scam

THE Securities and Exchange Commission (SEC) obtained a freeze order on several bank accounts and assets of Kapa-Community Ministry International, Inc. (KAPA), which it described as operating one of the biggest investment scams in the country.

Bulls beware:The 2020 oil market is quickly turning ugly

OIL BULLS thought 2020 would be their year.

CLI secures NHCP green light for Patria de Cebu redevelopment

THE National Historical Commission of the Philippines (NHCP) has given the go signal to the Archdiocese of Cebu and Cebu Landmasters, Inc. (CLI) to proceed with the Patria de Cebu project.

Lopez-led ABS-CBN goes into theater production

ABS-CBN Corp. is stepping into the theater scene with a recently signed partnership with Ten Bridges Media Corp., one of the companies behind Atlantis Theatrical Entertainment Group.

Market value of commercial properties in Davao City up 25%

DAVAO CITY -- The market value of properties in prime commercial locations in the city, particularly at the Bajada-Lanang area near the airport, have gone up by as much as 25% over the last two years, but the number of potential buyers remain robust.