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Daily Archives: June 18, 2019 | 10:27 pm

Tobacco-growing areas to receive P15.81B from excise

THE government will release P15.81 billion collected from excise taxes on tobacco products using domestically-grown Virginia, Burley and native varieties to local government units (LGUs) to assist farmers in improving their productivity or shifting to other crops, the Department of Budget and Management (DBM) said in a memorandum order.

Japan tapped to help upgrade PHL ship building capability

THE Maritime Industry Authority (MARINA) said it signed an agreement with a Japanese industry association to help build the capacity of Philippine shipbuilders.

Davao water project to hit peak construction phase in late 2019

DAVAO CITY -- The construction of the P12-billion bulk water project in the city is set to peak in late 2019 with the joint venture implementing it starting to look for more workers.
Asian Development Bank (ADB)

Regional energy project backed by USAID, ADB to unlock private investment

THE ASIAN Development Bank (ADB) and the United States Agency for International Development (USAID) signed Tuesday an agreement to mobilize about $7 billion worth of investment for energy projects in Asia and the Pacific.
Sung Kim

US firms continue to look at Mindanao for possible investment

DAVAO CITY -- US Ambassador Sung Kim said US companies are continuing to look at Mindanao as possible destination for investment, citing the US companies planning to participate in the upcoming Davao Investment Conference 2019 (Davao ICON 2019).
sugar

Raw sugar output rises amid falling prices, demand

SUGAR PRODUCTION in the third week of May rose 3.12% year-on-year, the Sugar Regulatory Administration (SRA) said.
fertilizer

Fertilizer prices rise in May — PSA

THE AVERAGE price of four grades of fertilizer increased year-on-year in May, the Philippine Statistics Authority (PSA) said.
power lines electricity

NEA claims 13M new rural power connections since 2016

THE National Electrification Administration (NEA) said it achieved its short-term goal of connecting 13 million additional households ahead of the 50th anniversary of the Rural Electrification Program in August.
fishing boats davao gulf

Davao Gulf shellfish found to be microplastics-free

DAVAO CITY -- The fisheries bureau said a study has found no microplastics in green mussels from the Davao Gulf.

China home prices growth fastest in five months, raises policy challenge for Beijing

BEIJING -- New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy.

Most Philippine freelancers looking to be ‘solopreneurs’ — PayPal

PAYPAL HOLDINGS, Inc. said a study it conducted has found that nearly 70% of freelancers in the Philippines have business plans, signalling their intention to make occasional work assignments become more sustainable over the long term.

China invades the Philippines — a bad dream come true

The sinking of a Filipino fishing boat in the West Philippine Sea by a Chinese vessel has created a sticky public relations situation for the government of President Rodrigo Duterte.

One signature away: what you need to know about Senate Bill No. 1826

Just last year, much controversy arose upon the emergence of Senate Bill No. 1826 (SB 1826), or the bill on the Security of Tenure and End of Endo Act, which proposed several changes in the Labor Code provisions on contracting arrangements and employment relationships. Due to public clamor, President Rodrigo Roa Duterte even certified the necessity of the immediate passing of SB 1826. This, however, did not deter employer groups from continuing to lobby against the passage of SB 1826.

World without waste: a transformational initiative

The last two months have been replete with small victories related to the Philippines’ waste problem. After languishing in our ports for years, shipping containers of garbage -- plastics, household kitchen waste, shredded electronic wastes, and contaminated trash -- were recently shipped back to their places of origin. Whether it was low business costs, ineffective checks, or regulatory oversight that led these piles of garbage to our shores, using another country as a dumping ground is an utterly deplorable practice.

Connect, collaborate, and contribute

The quality of our intentions influences the quantity and quality of our leadership endeavors. Our ability to influence is made up of three elements: connecting, collaborating, and contributing toward a better world.

Guiao urges Gilas to play its best at FIBA World Cup

WITH their preparation for the FIBA Basketball World Cup officially starting on Monday, national men’s basketball team coach Yeng Guiao urged his wards to answer the call of duty and give their best in training and in the tournament proper.

Raptors two-million strong NBA victory bash marred by shooting

TORONTO -- Canadian Prime Minister Justin Trudeau and some two million other fans cheered the NBA champion Toronto Raptors on Monday in a victory celebration that united the nation, but the party was marred by a shooting that seriously wounded two people.

Ricky Vargas resigns as POC president

WHAT was supposed to be a dialogue to straighten the affairs in the Philippine Olympic Committee and preparations for the Southeast Asian Games which the country is hosting later this year created more problems after POC president Ricky Vargas resigned from his post yesterday.

Northport, ROS in battle of streaking teams

ACTION in the Philippine Basketball Association swings south of the metro today at the Mall of Asia Arena with a double-header featuring streaking teams Northport Batang Pier and Rain or Shine Elasto Painters in one pairing.

Dutch Jeroen Meijers wins 10th Le Tour de Filipinas

LEGAZPI CITY -- Dutch Jeroen Meijers of Taiyuan Miogee Cycing Team of China successfully defended his lead in the fifth and final stage topped by German Mario Vogt of Team Sapura Cycling of Malaysia to snare his first title in three years in the 10th Le Tour de Filipinas that concluded yesterday in this beautiful Bicol City fronting the majestic Mayon Volcano here.

Midweek double header at the Philippines Football League

THE PHILIPPINES Football League holds a double-header today featuring Kaya FC-Iloilo against Mendiola FC 1991 on one end and Stallion Laguna FC versus Green Archers United FC on the other.


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Raptors parade champs trophy through Toronto; team uncertainty lingers

TORONTO -- Two weeks from now, the Toronto Raptors’ roster might look as different as Danny Green’s combed-out mohawk with looming decisions from Kawhi Leonard, Marc Gasol and Green that brought an air of uncertainty to Monday’s street party in Ontario.

Moving on

The long-delayed trade sending National Basketball Association superstar Anthony Davis out of New Orleans finally pushed through at the weekend, with the Pelicans agreeing with a deal with the Los Angeles Lakers.

Palace: Duterte averting ‘international crisis’

MALACAÑANG on Tuesday said President Rodrigo R. Duterte does not want the June 9 Recto Bank collision incident to turn into an “international crisis,” adding this will have a negative impact on the economic relations between Manila and Beijing, especially on Filipino workers in China.

Pelicans’ bright outlook

Make no mistake: The spectacular swap that sent do-it-all Anthony Davis to the Lakers is a gift for the Pelicans that will keep on giving for the next half decade and beyond. Even as trade grades are invariably stacked in favor of the quarter that received the best player in the deal, there can be no denying the humongous gains they made in the aftermath. They could have been dead in the water, what with their top dog already certain to walk away next year with no recompense to them. Meanwhile, the bidding war they hoped for failed to materialize following the Celtics’ understandable inability -- as well as the Knicks’ perplexing refusal -- to go all in. Instead, they came off with a treasure trove of assets that figure to support their forced rebuild sans the requisite pains.

Water interruption seen as Angat Dam nears critical level

ROTATIONAL interruptions in water service are expected in Metro Manila after the Angat Technical Working Group (TWG) proposed to reduce the water allocation to the Metropolitan Waterworks and Sewerage System (MWSS), with Angat Dam’s level seen to breach 160 meters in the next few days.
Securities and Exchange Commission (SEC) logo

SEC files complaint against Kapa ministry

THE SECURITIES and Exchange Commission (SEC) filed a criminal complaint against Kapa-Community Ministry International, Inc. along with its president Joel A. Apolinario and seven others before the Department of Justice for alleged involvement in an investment scam.

New NFA administrator takes oath

NATIONAL Food Authority (NFA) Council Member Judy Carol L. Dansal took her oath as the new NFA Administrator on Tuesday, replacing Jason Laureano Y. Aquino, according to NFA Officer-in-Charge Administrator Tomas R. Escarez.
PhilHealth

Nationwide round-up

PhilHealth revokes WellMed’s accreditation OFFICER-IN-CHARGE Ruben John A. Basa of the Philippine Health Insurance Corporation (PhilHealth) aid in a statement on Monday that his agency...

Pilipinas Shell refinery strike up for mediation

REPRESENTATIVES of Pilipinas Shell Petroleum Corporation will meet with the National Conciliation and Mediation Board (NCMB) following a notice of strike filed by employees of the company’s Tabangao Plant.

Oral argument for writ of kalikasan petition reset

THE SUPREME COURT has moved the oral argument for the April 16 petition for writ of kalikasan filed by fisherfolk in Palawan and Zambales and the Integrated Bar of the Philippines (IBP) seeking to enjoin the government to protect the country’s shoals in the West Philippine Sea.

Osmeña bids farewell, cites accomplishment

AS HE BID farewell to City Hall employees yesterday, outgoing Mayor Tomas Osmeña made a special mention of the Office of the City Civil Registrar, which secured for the city a certification for International Organization for Standardization (ISO) 9001:2015.

Cop wounded in buy-bust

A POLICE OFFICER was wounded in an anti-illegal drug operation in Barangay Cansojong, Talisay City last Sunday night.

Consumer group demands refund from PECO

AMID the protracted battle between Panay Electric Co. (PECO) and More Electric Power Corp. (MORE) over power distribution in Iloilo City, consumer group i-Konsumidor on June 13 filed a Complaint in Intervention before Regional Trial Court Branch 37 in Iloilo City.

Minerals accounting

Government agencies monitoring responsible mining in the Philippines visit Taganito Mining Corp.(TMC) for a pilot project of the national government referred to as “Minerals Accounting.”

Nation at a Glance — (06/19/19)

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

Peso rebounds to P51:$1 level

THE PESO recovered against the dollar on Tuesday to return to the P51 level as market participants took profit ahead of the policy meeting of the US central bank.
PSE BGC

PSE index rises ahead of central bank reviews

THE MAIN INDEX firmed up on Tuesday despite moving sideways for most of the session as investors remained cautious ahead of several central bank meetings this week.

Local startup launches on-demand fuel delivery service

Philippine startup Gasmee Corporation Philippines launched today their on-demand fuel-delivery service, catering to customers in Rizal and Cebu, with plans for expansion later this...

Career advice: How to build relationships and prioritize growth

Young professionals these days seem to be in a constant state of ...

EO Philippines’ Student Entrepreneurs Incubator celebrates purpose in entrepreneurship

EO Philippines’ Student Entrepreneurs Incubator celebrates purpose in entrepreneurship

Belmont Hotel Boracay at Boracay Newcoast soon to open

A haven of white sands and crystal-clear waters After six months of rehabilitation in 2018, the Philippines’ most famous tourist destination is once again open...

Remittance growth slows in April

REMITTANCES from overseas Filipino workers (OFWs) grew slower in April from the previous month due to a “cyclical” drop in expenses.

Overseas Filipinos’ cash remittances (April 2019)

REMITTANCES from overseas Filipino workers (OFWs) grew slower in April from the previous month due to a “cyclical” drop in expenses. Read the full...
BSP

BSP likely to keep policy rates steady this week

THE Bangko Sentral ng Pilipinas (BSP) will likely keep benchmark rates steady at its review this week, with policy makers preferring to ensure that inflation maintains its downward trend, analysts said in a BusinessWorld poll.