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Monthly Archives: June 2019

Your Weekend Guide (June 28, 2019)

THE LGBTQ+ community, in this year’s Metro Manila Pride themed #ResistTogether, will march in the streets of Marikina to celebrate life and protest against the injustices suffered by the community on June 29 at the Marikina Sports Center. Admission is free. For more information, visit https://www.facebook.com/mmprideorg/.

GERI aims to double rental revenues this year

GLOBAL-ESTATE Resorts, Inc. (GERI) projects to book P1.4 billion in rental and hotel income this year, as it opens 10,000 square meters (sq.m.) of new leasable spaces.

How PSEi member stocks performed — June 27, 2019

Here’s a quick glance at how PSEi stocks fared on Thursday, June 27, 2019.

Duterte cites need to preserve China relations after collision

AMID calls to keep Chinese from fishing in the Philippines’ exclusive economic zone (EEZ), Malacañang said on Thursday that President Rodrigo R. Duterte will protect the country’s relationship with China, which is helping fund the “Build, Build, Build” infrastructure program.

Election results point to policy continuity for Philippines — S&P

THE Philippines is expected to enjoy a degree of policy continuity after administration allies confirmed broad support for the government, which is expected to help the country weather external risks, S&P Global Ratings said.

DTI issues order limiting store signage to English, Filipino

THE Department of Trade and Industry (DTI) said it issued an order to all businesses to restrict the language used in their signage and marketing materials to English or Filipino only.

Common tower provider ALT Global Solutions signs up Now Telecom

ALT Global Solutions, Inc. has signed an agreement with Now Telecom Co., Inc. for the provision of shareable telecommunications infrastructure.

NGO claims Oceanagold mine halts operations

AUSTRALIAN MINER Oceanagold Corp. has suspended work at its Didipio mine, an environmental organization claimed, saying that the province of Nueva Vizcaya ordered a halt to operations.

Power group seeks veto of solar firm’s franchise

THE Philippine Independent Power Producers Association, Inc. (PIPPA) asked President Rodrigo R. Duterte to veto a bill granting a renewable energy (RE) distribution franchise to Solar Para sa Bayan Corp.

BIR files 15 tax cases in QC, Makati

THE Bureau of Internal Revenue (BIR) said it filed 15 separate complaints before the Department of Justice against delinquent taxpayers over their alleged failure to pay taxes worth a combined P493.6 million.
hogs pigs

Laos added to pork imports ban after ASF outbreak

THE Department of Agriculture (DA) has added Laos to the list of countries currently banned from shipping pork products to the Philippines, to prevent the spread of African Swine Fever (ASF) after the disease was recently confirmed there.

Singapore heading for recession in Q3 — Maybank

SINGAPORE -- Singapore’s economy will probably experience a “shallow technical recession” in the third quarter as the global trade outlook worsens, according to Maybank Kim Eng Research.

Giving Socialism a bad name

“Socialism with Chinese characteristics” is how the rulers of China describe their economic system. But most economists say it isn’t so much socialist as state capitalist.

Pipe down: the beauty of true light

Albert Einstein once said “pipe smoking contributes to a somewhat calm and objective judgement in all human affairs.” Famous pipe smokers abound: aside from Einstein, there’s General Douglas MacArthur, Humphrey Bogart, C.S. Lewis, Tolkien.

Conference looks at treating the Earth as our kapwa

Mother Earth is a reflection of humanity’s consciousness -- about ourselves and our common home. What is our consciousness about nature? How do we feel about the environment?

Price controls on drugs are not a good idea

THE Philippine’s government is grappling with the problem of making healthcare affordable and accessible.

Peso rises anew

THE PESO climbed against the dollar anew to hit a fresh one-year peak, driven by market optimism on China and the United States striking a trade deal.

PSEi rebounds on month-end window dressing

THE MAIN INDEX recovered on Thursday, as investors bought select stocks for end-of-month window dressing.
Emmanuel F. Piñol

Piñol offers to resign — ‘Bong’ Go

AGRICULTURE Secretary Emmanuel F. Piñol has offered to resign and be transferred to the Mindanao Development Authority (MinDA), Senator-Elect Christopher Lawrence “Bong” T. Go said on Thursday.

Gordon starts probe on PhilHealth irregularities

SENATOR RICHARD J. Gordon on Thursday said he plans to hold an investigation on irregularities in the Philippine Health Insurance Corp. (PhilHealth) when the 18th Congress opens on July 22.

Retired army general appointed as member of PhilHealth board

PRESIDENT RODRIGO R. Duterte has appointed retired army general Ricardo C. Morales as member of the Philippine Health Insurance Corporation (PhilHealth) Board of Directors, representing the indirect contributors.
Supreme Court (SC)

Application open for 2 associate justice posts

THE JUDICIAL and Bar Council (JBC) has opened applications for two associate justice positions at the Supreme Court (SC), which will be vacated by two justices who are set to retire.

Nationwide round-up

PRESIDENT RODRIGO R. Duterte has appointed Allan S. Iral as chief of the Bureau of Jail Management and Penology (BJMP).

Free train rides for students during off-peak hours starting July 1

STARTING MONDAY, July 1, the Department of Transportation (DoTr) will offer free rides to students at the Metro Rail Transit Line 3 (MRT-3), Light Rail Transit Line 2 (LRT-2), and THE Philippine National Railway (PNR) at select hours during weekdays.

MMDA to pursue provincial bus ban along EDSA unless SC issues order to stop

METROPOLITAN MANILA Development Authority (MMDA) General Manager Jose Arturo S. Garcia said plans for the ban on provincial bus terminals along EDSA will push through unless stopped by the Supreme Court (SC).

U-turn slots along Commonwealth Ave. to be moved

TO GIVE way to the construction of the Metro Rail Transit-7, the U-turn slot in front of CW Home Depot along Commonwealth Avenue will be closed temporarily starting midnight of July 1 this year, Metropolitan Manila Development Authority (MMDA) General Manager Jose Arturo S. Garcia announced Thursday.

Rico’s Lechon opens flagship restaurant in Mandaue

MEAT CONCEPTS Corp., the new owner of the Rico’s Lechon chain, is opening its flagship restaurant Friday, June 28, at Jamestown in Mandaue City.

DTI tells ‘tech-savvy’ young entrepreneurs to help develop AI industry

TRADE SECRETARY Ramon M. Lopez rallied young entrepreneurs to utilize technology for coming up with new business enterprises, especially in helping the country develop the artificial intelligence (AI) industry.

Nation at a Glance — (06/28/19)

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

Middling teams Kings, Fuel Masters do battle

CURRENTLY in the middle of the pack of the ongoing Philippine Basketball Association Commissioner’s Cup, the Barangay Ginebra San Miguel Kings and Phoenix Pulse Fuel Masters enter their joust today with a sense of urgency and looking to bag the victory that would help propel their cause.

Gilas Youth begins U19 World Cup campaign this weekend

A NEW chapter for the Philippine youth basketball team commences this weekend as the country’s Under-19 team begins its campaign in the FIBA U19 Basketball World Cup in Greece.

Cebuana Lhuillier-backed Blu Girls fly to USA for international softball tilt

FOLLOWING their strong performance in the recent Asia Cup Women’s Softball Championship in Jakarta, the Cebuana Lhuillier backed RP Blu Girls will now fly to Georgia, USA to compete in the USA Softball International Cup at the South Commons Softball Complex in Columbus, Georgia.

Durant declines $31.5-M option with Warriors

LOS ANGELES -- NBA superstar Kevin Durant has declined his $31.5 million player option with the Golden State Warriors and will become an unrestricted free agent, ESPN’s Adrian Wojnarowski reported Wednesday.

Brave Combat Federation has France on its radar

WITH FRANCE set to legalize mixed martial arts next year, Brave Combat Federation said staging events there is now a “possibility.”

Houston Rockets’ James Harden happy with how adidas partnership has evolved and still developing

FOUR YEARS SINCE joining global sports brand adidas as one of its ambassadors, National Basketball Association superstar James Harden said he is very happy and satisfied with how the partnership has evolved and still developing.
NBA logo

NBA considers shortening 2021-22 regular-season

LOS ANGELES -- When the NBA celebrates its 75th anniversary in 2021-22, it might do so by giving its players -- and fans -- a shorter regular-season as part of a restructured calendar.

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Trump allows military academy graduates to play pro sports

WASHINGTON -- President Donald Trump ordered the Pentagon on Wednesday to allow graduates of the US military academies to play professional sports before fulfilling their two-year active-duty military requirement.

Durant’s option

As expected, Kevin Durant has declined his $31.5-million option with the Warriors, paving the way for his foray into free agency at the end of the month. Prior to the formal transmittal of his decision early this week, a number of quarters made the case that he would benefit from exercising it given his protracted recovery from surgery to repair his torn Achilles tendon. By the time he’s good to go next year, they argued, he can command top dollar whether he decides to stay or not. The premise is flawed, however. Even now, he has no shortage of suitors willing to break the bank for his services, hence eliminating the need for him to wait for his humongous payoff.

Gov’t to borrow less next quarter

THE GOVERNMENT plans to borrow P230 billion from the domestic market next quarter through a mix of short and long-term securities, smaller than the amount offered in April-June and in last year’s third quarter.
port of manila

In Southeast Asia, trade war is curbing imports as well

SINGAPORE -- A slump in Southeast Asian exports amid a worsening US-China trade war is having a knock-on effect on imports.
crane infrastructure construction

S&P slashes Philippine growth projection further

S&P Global Ratings has again slashed its projection for Philippine economic growth this year, according to a report the debt watcher released on Wednesday, in the face of subdued state spending amid a four-month delay in enactment of the P3.662-trillion national budget and bigger-than-expected impact of the Sino-US trade dispute on electronics, which accounts for half of Philippine merchandise exports.

Manila now more costly for expats — Mercer

THE PHILIPPINES’ capital city, Manila, jumped 29 places in Mercer’s 2019 Cost of Living Survey, marking the fourth sharpest climb in the world.

Review of Solar Para sa Bayan franchise sought

BUSINESS groups are urging President Rodrigo R. Duterte to order a Cabinet-level review of the bill that granted Solar Para sa Bayan Corp. (SPB) a renewable energy (RE) distribution franchise, citing the undue advantage it will have over other RE players.

PAL, AirAsia PHL still studying move to Sangley

THE Department of Transportation (DoTr) gathered airline operators Wednesday to sign a pledge of commitment supporting the government’s initiatives to decongest the Ninoy Aquino International Airport (NAIA), particularly the development of Danilo Atienza Air Base in Sangley as an alternative gateway.