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Daily Archives: June 19, 2019 | 10:12 pm

Self-rated poverty drops to record-low 38% in March — SWS

THE Social Weather Stations (SWS) polling organization reported that 38% of Filipinos rated themselves as poor in a March survey, the lowest in the history of the survey and down from 50% in December 2018.
class school students

Government urged to phase in teacher pay hike

BUSINESS groups said the government should implement any pay hike for public school teachers in phases in order to keep inflation contained and not hinder the government’s other spending priorities.
Davao bypass road

Over $200M Japan loan signed for Mindanao road projects

THE Philippines signed a $202.04 million loan agreement with Japan to fund the Road Network Development Project in Conflict-Affected Areas in Mindanao late Tuesday.
Benjamin E. Diokno

BSP focused on improving FDI environment — Diokno

THE Bangko Sentral ng Pilipinas (BSP) is committed to ensuring a favorable environment for foreign investors by achieving “price stability, a sound external payments position, financial stability, and an efficient payment system,” Governor Benjamin E. Diokno said.
power lines

New Congress to look into power shortage

THE next Congress will look into warnings of a power shortage caused by the Supreme Court ruling requiring distribution utilities to implement a competitive selection process for their power supply agreements (PSA), a senator overseeing the chamber’s energy committee said.

Transport terminals required to provide free internet, ‘sanitary’ toilet facilities

PRESIDENT Rodrigo R. Duterte has signed a measure requiring transport terminals to provide free internet services and clean restrooms, officials said.
Silvestre H. Bello III

Labor secretary urges worker skill upgrades to head off inequality

LABOR Secretary Silvestre H. Bello III said Filipino workers must upgrade their skills in the face of technological disruption, warning that mismanaging the technology transition will widen inequality.
rice grains

PSA projects 6.5% decline in 2nd quarter palay output

THE Philippine Statistics Authority (PSA) said it estimates a 6.5% year-on-year decline in output of palay, or unmilled rice, in the second quarter, to 3.83 million metric tons (MMT), due to the continuing impact of El Niño.

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From foundation to innovation

Data is very much in the spotlight in today’s business environment. We se it in how organizations are moving towards automating their data-related processes in order to minimize their output error rate, reduce the cost of data remediation, and maximize insights. There has also been a surge in the demand for data professionals such as data scientists and engineers to better analyze unstructured pieces of data and turn them into valuable information (e.g., reliable trends, forecasts and projections).

Yellow Box and counterflow

A report, citing records from the Land Transportation Office (LTO), noted that in 2017, the top traffic violations nationwide were the following: Not wearing seatbelt; Failure to wear helmet; No OR/CR on hand; Driving without license; Unregistered/invalid motor vehicle registration; Reckless driving; Obstruction; No spare tire; Axle overloading; Student driver operation motor vehicle without accompanying licensed driver.

MORE investment liberalization needed

Four reports in BusinessWorld last week seem to show a confusing investment environment of the Philippines:

Quezon’s quest

Earlier this year, I had the privilege of visiting Israel. Through our pastor’s teachings and our tour, I learned how President Manuel L. Quezon accepted about 1,300 Jews facing persecution in Germany and Austria. The lesson became more real to me when we visited the Yad Vashem Holocaust History Museum, Israel’s official memorial to the Holocaust victims.

Lessening choices by default

GADGETS, with their “planned obsolescence,” promote the impulse to have the latest model with ever more features, including features for clearer selfies. This promotes an almost Freudian “phone envy,” arising from a feeling of missing out on the latest phone. (How big is yours?) Gadget series numbers become status symbols. However, declining sales of new versions coming less than a year apart show a waning appetite for upgrades, or a longer embrace of the status quo.

Northport rallies to edge ROS in overtime, 107-105

THE UPSWING of the Northport Batang Pier in the Philippine Basketball Association Commissioner’s Cup continued on Wednesday after defeating the Rain or Shine Elasto Painters, 107-105, in overtime at the Mall of Asia Arena to extend their win streak to three games.

New POC head determined not to have 30th SEA Games preparations disrupted

WHILE the sudden resignation of Ricky Vargas as Philippine Olympic Committee (POC) president on Tuesday left questions over the country’s preparations as host of the 30th Southeast Asian Games later this year, the man who was tasked to replace him expressed determination to work to have little disruption in the buildup as possible.

Ceres looks to regroup after 1-1 draw with Hanoi

FAILED to come up with the victory in the first leg of its 2019 AFC Cup ASEAN Zonal semifinals on Tuesday night in Bacolod City, Ceres-Negros FC now looks to regroup and finish the job in the next game.

TCR Asia Series: Daniel Miranda keeps lead among Asian drivers after Shanghai performance

FILIPINO racecar driver Daniel Miranda continues to impress at the TCR Asia Series, making another strong performance at the Shanghai International Circuit. The June 1-2 race weekend saw the Cebuano bring the fight to the fastest drivers on the grid and come out as the top Asian driver.

Los Angeles Lakers seek salary-cap space to add third star

LOS ANGELES -- The Los Angeles Lakers, with LeBron James in place and Anthony Davis on the way, reportedly are attempting to clear enough salary-cap space to make a run at a third star player this summer.

Football advocates laud NOFA Cup mission

THE FOURTH edition of the Negros Occidental Football Association Cup (NOFA Cup) held recently in Bacolod City received commendation from sports advocates who cited the tournament’s organization and mission to develop grassroots football.

The chess of Daniil Dubov

GM Daniil Dubov was born April 18, 1996 in Moscow, making him 23 years old now. He has already racked up the following chess accomplishments.

Celtics outlook

Not a few quarters have deemed the blockbuster Anthony Davis trade as a win-win development, and with ample reason. The Pelicans, thought to have a future ransomed by their erstwhile top dog, received an embarrassment of riches slated to propel them to respect and respectability through the medium term. Meanwhile, the Lakers, in the limelight for one dramatic on- or off-court misstep after another, found themselves hogging headlines in a manner befitting their storied past. The outlook became much brighter for both, their distance from their desired destination and their continued movement of pieces on the board notwithstanding.

Peso climbs further ahead of Fed

THE PESO strengthened further against the dollar on Wednesday as market players waited for the results of the US central bank’s policy meeting.
PSE BGC bells

PSEi climbs past 8,000 on US-China deal hopes

THE MAIN INDEX clawed its way back to the 8,000 level on Wednesday, rising along with the rest of the world on hopes of a trade deal between the United States and China.

Piñol: Fishermen ‘not certain’ about boat sinking

AGRICULTURE Secretary Emmanuel F. Piñol on Wednesday said the 22 fishermen of the sunken boat F/B Gem-Vir 1 are now “uncertain” whether their boat was intentionally sunk by the Chinese vessel it encountered off Recto Bank in the West Philippine Sea on June 9.
congress House of Representative

Duterte to decide on speakership contest

PRESIDENT Rodrigo R. Duterte is set to decide by June 28 on the candidate he will endorse for the House speakership, according to Senator-elect Christopher Lawrence T. Go.
Pag-IBIG Fund

Pag-IBIG defends pay ‘increments’ as aboveboard

THE HOME Development Mutual Fund (Pag-IBIG) in a statement on Wednesday defended the pay raise for its officers and employees as “merely salary step increments to address years of inflation,” not salary increases which require approval from Malacañang.

New envoy to Libya appointed

PRESIDENT Rodrigo R. Duterte has appointed Charge d’es Affaires Elmer G. Cato as the new ambassador to Libya, Foreign Affairs Secretary Teodoro L. Locsin, Jr. said, Wednesday.

2 Filipinos dead in New Zealand accident

THE Department of Foreign Affairs (DFA) on Wednesday reported the train-car crash in New Zealand left two Filipinos dead and three others wounded.
Rodrigo Duterte

Palace bares new appointments

PRESIDENT Rodrigo R. Duterte has appointed three new officials, including former Department of Social Welfare and Development (DSWD) acting chief Virginia N. Orogo as new undersecretary at the Department of Agrarian Reform (DAR).
Panfilo M. Lacson

Lacson flags PhilHealth office in Duque’s building

SENATOR Panfilo M. Lacson flagged a possible “conflict of interest” on the part of Health Secretary Francisco H. Duque III after the senator learned that a PhilHeath office in Region 1 is established in a building owned by the Secretary.

DAR grants land titles to 307 Ifugao farmers

AGRARIAN Reform Secretary John R. Castriciones led Wednesday’s distribution of certificates of land ownership award (CLOAs) to 307 farmers in Lagawe, Ifugao.

Queuing for water

RESIDENTS affected by the rotational service interruption of Manila Water queue with their containers at Barangay South Triangle in Quezon City on Wednesday midnight.

BoC orders collection of ‘just’ customs fees, charges

BUREAU of Customs Commissioner Rey Leonardo B. Guerrero signed on Tuesday Customs Memorandum Order (CMO) No. 30-2019 which provides for a list of customs fees and charges that may be imposed and collected by the Bureau.

DoJ forms inquiry on killing of leftists

JUSTICE Secretary Menardo I. Guevarra approved the creation of two Special Investigating Teams that will probe the killing of three activists in the Bicol Region.

New shipping line ready to ply BIMP-EAGA sea route

A NEW PLAYER in the BIMP-EAGA sub-regional cooperation shipping service started its trial sail of the Davao-General Santos-Bitung (DGB) sea route early this week, the Mindanao Development Authority (MinDA) said in a statement on Wednesday.

Terror suspect nabbed

A PAKISTANI national alleged to be a member of the Dawlah Islamiya terrorist group was arrested by the Bureau of Immigration (BI) on Tuesday and will undergo deportation proceedings.

Nation at a Glance — (06/20/19)

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

Faster review of some M&As allowed

THE PHILIPPINE Competition Commission (PCC) is allowing faster review of certain merger and acquisition (M&A) deals that are “less likely to substantially prevent, lessen, or restrict competition” in the market.

ADB to work closely with WB on PHL projects

THE Asian Development Bank (ADB) will work closely with the World Bank (WB) in developing projects for the Philippines and other countries in the Asia and Pacific region, responding to a call made by the Department of Finance (DoF) earlier.

Local property mart ready for REITs

THE Philippine property market is well-prepared for the introduction of real estate investment trusts (REITs), as demand for more office spaces, residential projects, and commercial centers complements regulatory authorities’ willingness to amend rules that initially hampered its implementation.

Asia equities now on a wobbling foundation

THE PILLARS of Asia’s stock markets are shaking: Sentiment is fragile, valuations are not all that cheap and earnings forecasts continue to decline.

Aboitiz plans to issue more bonds in next 2 years

ABOITIZ Equity Ventures, Inc. (AEV) plans to issue more bonds once it locks in acquisition prospects in the next two years, following the completion of its P5-billion fixed rate bond offering yesterday.

Play says ‘No’ to violence against LGBT

IN RECENT weeks, a photo of the bloodied faces of Melania Gaymonat and her girlfriend Chris went viral online. While on a bus ride in the early hours of May 30 in London, the women were attacked by a group of young men for refusing their demand to kiss each other. “They started beating me, I was bleeding all over — I was really bleeding,” Ms. Gaymonat told BBCWorldatOne. According to a report by The Guardian on June 8, a fifth arrest has been made in connection with the attack.

Multisys ready to expand overseas

SOFTWARE development and IT solutions provider Multisys Technologies Corp. is preparing to expand to three countries before the end of the year.

‘Poor Little Rich Girl,’ fashion icon, heiress Gloria Vanderbilt, 95

IS IT possible for anyone to truly have it all? Gloria Laura Vanderbilt; socialite, artist, writer, and designer, died in her Manhattan home in June 17, 2019 aged 95. The life she led sought to answer the question.