Home 2019 June 17

Daily Archives: June 17, 2019 | 10:39 pm

Malacañang Palace

EO retains 5% tariff on deboned poultry meat to keep prices low

PRESIDENT Rodrigo R. Duterte has signed an executive order retaining the 5% import tariff on mechanically deboned meat (MDM) from poultry until 2020 to mitigate the possible impact on prices.

Davao Investment Conference to focus on creating new economic zones

DAVAO CITY -- The city will focus on forming special economic zones during the two-day Davao Investment Conference here starting Thursday.

SSS rules for OFWs meeting stiff resistance

GROUPS representing Overseas Filipino Workers (OFWs) are seeking a suspension of premium hikes recently charged by the Social Security System (SSS) on overseas workers.
Department of Finance (DoF)

Finance department disputes IMD competitiveness study’s methodology

THE Department of Finance once more disputed the results of the International Institute of Management Development’s (IMD) world competitiveness rankings even as the Philippines’ score improved this year, saying that the study appears to have focused on “backward-looking” indicators.
maternity ward

ASEAN urged fund health care to minimize out-of-pocket spending

THE EU-ASEAN Business Council (EU-ABC) recommended that ASEAN countries address the issue of funding health care, as the healthcare protection gap remains an issue in the region.

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Weathering the storm of BIR assessments

“Rain, Rain, Go Away” is a nursery rhyme that children sing when they wish the rain to stop so they can go outside and play.

The Chinese Maritime Militia

I’m directing this column to our national and local leaders whose duty is to defend the country, protect the people, and secure our natural resources. There’s a need to adapt mindsets to a deteriorating security situation in the South China Sea -- fueled by China’s spurious claims of “indisputable sovereignty” over this vital body of water -- by thinking, speaking, and acting as one united leadership to confront the external and internal threats to our national security.

Solar para sa politika

Among the records of the outgoing Congress is the legislation of a cronyist bill, the Solar Para sa Bayan Corp. (SPSBC) franchise. It is so unpopular that perhaps all other power developers and generation companies (gencos), both conventional and renewable energy (RE), perhaps all private distribution utilities (DUs) and electric cooperatives (ECs) in the country have opposed it.

Vote-Shaming in the Midterm Elections

Yung mga boboto sa mga taong ’to, paki-unfriend ako please. Wala akong kaibigang bobo.” (Those who will vote for the following candidates, please unfriend me. I have no stupid friends.)

Philippine Wi-Fi and Digital Trade

June is Philippine National ICT (information and communications technology) Month and every year, I write articles I’m passionate about like those years of advocacy for the creation and a mandate of a Department of Information and Communications Technology (DICT), digital transformation, cybersecurity and on effective ICT program implementation and agile methodologies.

Numbers and words

CHIEF Financial Officers (CFO) are not hired for their communications skills or verbosity. Their task is to submit the data on time, and translate corporate operations into numbers. They thus tend to just let the numbers do the talking when explaining corporate performance. The new function of investor relations, which listed companies now give importance to, requires the ability to also highlight numbers with the right words.

Kings take lessons from huge win over Beermen

EMERGING VICTORIOUS in a grind-it-out contest against the San Miguel Beermen last Sunday, defending Philippine Basketball Association Commissioner’s Cup champions Barangay Ginebra San Miguel Kings said they are satisfied with the result and that they took some lessons from it which they hope to ride on moving forward in the tournament.

Woodland fends off Koepka to win US Open

PEBBLE BEACH, CA. -- Gary Woodland held his nerve to claim his first major with a three-shot victory at the US Open on Sunday, bringing Brooks Koepka’s two-year reign to an end.

Palicte must be at his best versus Ioka, says analyst

FILIPINO Aston “Mighty” Palicte returns to the ring as he takes on Japanese Kazuto Ioka on Wednesday for the vacant World Boxing Organization super flyweight title at the latter’s home turf of Japan. It is a fight that one analyst said requires for the Philippine fighter to be at his utmost best.

Vargas in key meeting with POC board

PHILIPPINE Olympic Committee President Ricky Vargas is set to meet the POC board in an executive session today to clarify issues hounding the country’s hosting of the Southeast Asian Games later this year.

Coyle rules frantic Stage Four of Le Tour de Filipinas

LEGAZPI CITY, ALBAY -- Aussie Jessie Coyle of Team Nero Bianchi of Australia outsprinted Malaysian Adian Mohd Shukri of Team Sapura Cycling of Malaysia to the finish to rule Stage Four even as Dutchman Jeroen Meijers of Taiyuan Miogee Cycling Team of China clung to the Air21 purple jersey in the 10th Le Tour de Filipinas here on Monday.

Ceres-Negros FC begins two-legged 2019 AFC zonal semifinals today in Bacolod

TOP LOCAL CLUB Ceres-Negros FC resumes its 2019 AFC Cup bid today. Hosting Vietnamese champion Hanoi FC in the first leg of their two-legged ASEAN Zone semifinal today at the Panaad Park and Football Stadium in Bacolod City.

Go For Gold-PH dragonboat squad shines in competitive China race

JUST A WEEK after collecting two gold medals in a big race in Singapore, the Go For Gold-Philippine Dragonboat Team brought home another pair of golds from a highly competitive meet in China.

The future of chess?

Players receive two hours for each classical game, with a 10-second increment only after move 40. No draw offers are allowed until move 30. Classical games are worth two points for a win, but in case of a draw players get half a point and play an Armageddon game for the remaining point.

Back in business

Considering the countless ways in which the blockbuster trade between the Lakers and Pelicans can be viewed, it’s no surprise that both praise and criticism have been heaped in equal measure. From the vantage points of the dramatis personae, however, there can be no questioning the necessity of the deal pushing through. For one quarter, it represents the consummation of a pursuit for a superstar that was highly publicized and thereby resulted in bruised egos and fractured chemistry. For the other, it provides an opportunity to minimize the pain normally associated with reboots. Simply put, a win-win situation was reached, making the development a rarity in the cutthroat National Basketball Association.

‘A little accident’ — Duterte on boat sinking

SPEAKING for the first time on the June 9 sinking of a Filipino fishing boat by a Chinese vessel, President Rodrigo R. Duterte on Monday described the incident as a “little maritime accident,” and reiterated anew that the Philippines is “not ready to go to war” with China.

IRR out on switching of mobile networks

THE National Telecommunications Commission (NTC) released on Monday the guidelines for the implementation of the Mobile Number Portability Act, which allows mobile users to switch networks and service types without changing their numbers.
Divina on hazing case: ‘My conscience is clear’

Fratman in Castillo hazing convicted

A MANILA court has found Aegis Juris fraternity member John Paul S. Solano guilty of obstruction of justice in connection with the September 2017 hazing-murder of University of Santo Tomas law freshman Horacio “Atio” Castillo III.

Nationwide round-up

UNICEF commends IRR on protecting children in armed conflict THE United Nations Children’s Fund (UNICEF) in a statement said it commends the Philippine government in...

Terror suspects nabbed in QC

POLICE have arrested two suspected terrorists linked to Daulah Islamiyah in Tandang Sora, Quezon City on Saturday. Philippine National Police (PNP) chief Gen. Oscar D. Albayalde presented and identified the suspects as Arnel Cabintoy, alias Abu Mus’b, and Feliciano Sulayao, alias Abu Muslim, whom the PNP chief described as “Islam converts who joined the Daulaw Islamiyah Philippines under Hatib Hajan Sawadjaan.”

Kalibo Meat Plant due for rehabilitation

THE Philippine Slaughterhouse Management and Operation, Inc. (PSMO) and the Municipality of Kalibo are set to rehabilitate and renovate the Kalibo Meat Plant with the aim of having the facility attain double “AA” accreditation, which would ensure access to clean and secure products.

Police director flags extortion group

THE Police Regional Office has warned the public about an extortion group using the name of Brig. General Marcelo C. Morales, director of the office.

US awards micro-grants for rehabilitation of Marawi, other areas

THE US government has awarded 75 micro-grants to communities and business owners displaced from Marawi, a statement Monday by the US Embassy said.
Comelec logo

Comelec: No fraud in Maguindanao town

THE COMMISSION on Elections in a statement on Monday denied poll fraud allegations by mayoral candidate Sam Zailon Esmael of Datu Salibo, Maguindanao, who posted on social media a photograph of a ballot box left in floodwaters.

Nation at a Glance — (06/18/19)

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

Peso drops vs dollar on positive US data

THE PESO weakened against the dollar on Monday following the release of strong US retail sales and weaker-than-expected remittances from overseas Filipinos.

Stocks drop ahead of Fed, BSP policy meetings

LOCAL EQUITIES fell on Monday ahead of the policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) this week.

Pepsi Philippines champions sustainability in national Brigada Eskwela drive

In line with its commitment to sustainability and quality education, Pepsi-Cola Products Philippines, Inc. (PCPPI) partnered once again with the Department of Education (DepEd)...

Executive pay disclosure required

PUBLICLY LISTED firms may have to disclose the exact compensation of each member of their board directors soon, as per the Revised Corporation Code of the Philippines.
power lines

Power underwhelming:Why are there power outages?

IN THE PHILIPPINES, one would have to get used to brownouts, or the drop in voltage in an electrical power supply system. Whether or not it is intentional, these outages have wide-ranging effects on the economy: households would experience no electricity for a few minutes or even for hours, causing great inconvenience; businesses would incur higher costs by way of lost revenue and reduced productivity; and investors would be hesitant to do business, leading to reduced investments.

Plan to raise minimum public float deferred

THE Securities and Exchange Commission (SEC) is deferring its plan to raise the minimum public ownership (MPO) of publicly listed companies, as it bids for more time to study the increase.

BMW rolls out all-new 3 Series, Z4 Roadster

THE LATEST iteration of the car that created the sports sedan segment has landed on Philippine shores. And making for an even bigger splash is its accompaniment by its sexy roadster sibling.

MPTC may consider Cavitex extension to Sangley

METRO PACIFIC Tollways Corp. (MPTC) said it may consider building an extension from the Manila-Cavite Expressway (Cavitex) connecting to the Danilo Atienza (Sangley) Air Base once the government firms up plans to use the gateway for commercial purposes.

Britain’s greatest test driver, Norman Dewis OBE, passes away

COVENTRY, UK -- The man responsible for developing some of the most iconic Jaguars ever, Norman Dewis OBE, has passed away at age 98. Over a 33-year career with Jaguar, Dewis’ fearlessness, extraordinary talent and friendly, humble demeanor helped establish him not only as Britain’s greatest ever test driver, but a veritable legend and a dedicated friend to the Jaguar brand.

Foreign business leaders boost Mindanao promotion in Davao conference

DAVAO CITY -- Chinese delegations from the cities of Jinjiang and Nanning have arrived in the city more than a week ahead of the Davao Investment Conference 2019 (Davao ICON 2019) slated on June 20 to 21 to look into possible areas of collaboration.

Rules for distributing RCEF farm mechanization funds due soon

THE Philippine Center for Postharvest Development and Mechanization (PhilMech) said it will finalize after a key meeting this week the guidelines for funding the farm mechanization component of the Rice Competitiveness Enhancement Fund (RCEF).

Toyota returns to Clark for more inclusive Vios Racing Festival

TOYOTA MOTOR Philippines (TMP) brought its premier motorsports program back to its roots at the Clark International Speedway in Pampanga, with the staging of the Vios Racing Festival last July 8.

Luxasia to bring in more brands

SINGAPORE-BASED beauty distribution company, Luxasia Pte. Ltd., has named the Philippines as a potential “growth pillar in the Asia Pacific region in terms of global beauty sales,” according to the company’s chief executive as the company unveils regional expansion plans and introduces more brands to its Philippine portfolio.

ICTSI stock price rises on planned terminal expansion in Croatia, net foreign buying

INVESTORS snapped up shares of International Container Terminal Services, Inc. (ICTSI) on news its subsidiary in Croatia has started a year-long expansion of its terminal at the Port of Rijeka to accommodate larger vessels.