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Monthly Archives: July 2019

SolGen appeals Supreme Court ruling on power deal competitive selection

THE Office of the Solicitor-General (OSG) has appealed a Supreme Court (SC) decision ordering a competitive selection process (CSP) on all power supply agreements (PSA) submitted by distribution utilities (DUs) to the Energy Regulatory Commission (ERC) on or after June 30, 2015.
New Clark City

Filinvest wins PEZA incentives for Clark locators

THE developers of New Clark City signed an agreement with the Philippine Economic Zone Authority (PEZA) outlining the incentives available to locators.
class students teachers

US to assist in upgrading school system in Bicol, Western Visayas

THE US government announced a partnership with the Department of Education (DepEd) for a P2-billion project aimed to improve the reading, math, and socio-emotional skills of more than two million students.

PCSO suppliers seeking clarity on equipment leases

COMPANIES leasing lottery equipment to the Philippine Charity Sweepstakes Office (PCSO) are taking steps to renew their agreements with the agency, after the administration’s order allowing the resumption of lotto operations.

High delivery fees seen likely to cause Asia-Pacific online shoppers to cancel order

ONLINE SHOPPERS in Asia Pacific are likely to be discouraged by high delivery fees, to the extent that they will readily consider slower, cheaper alternatives, sometimes if offered the proper incentives, United Parcel Service, Inc. (UPS) said, citing the results of a study.

DAR targets land distribution by 2022

THE Department of Agrarian Reform (DAR) said it is upgrading its processes in order to accelerate land distribution, and set a 2022 target for completing its land acquisition and distribution (LAD) program.

IRRI signs marketing deal for 3 varieties of hybrid rice seed

THE International Rice Research Institute (IRRI) said it signed a seven-year limited exclusive distribution license for its hybrid rice seed with Philippine company Tao Commodity Trader, Inc. (TCTI).

Salary differential under the new maternity leave law

Republic Act (RA) No. 11210, or the Expanded Maternity Leave Law, was signed by President Rodrigo R. Duterte on Feb. 20. Female workers in the private and public sectors can now enjoy a total of 105 days’ paid maternity benefit for live childbirth, regardless of the mode of delivery, with an option to extend for another 30 days without pay. Qualified solo parents are entitled to an additional 15 days’ paid leave. The law also provides 60 days’ paid leave for miscarriage and emergency termination of pregnancy.

The present and (hopefully) the future of Animal Agriculture in the Philippines

What would a meal look like in 31 years? That is the big question scientists are now urging governments and private institutions to answer. By 2050, the global population is expected to rise to 10 billion with no assurance that all those mouths will be fed.

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State of our nation’s strategic direction

We are plagued with national problems that deprive many of our citizens even with the most basic access to decent living, relevant education, proper nutrition and other necessities that are supposed to be already being enjoyed in today’s modern world. Generally, as a result, many of our people are stripped of dignity and any excitement of dreaming any prosperous future.

Infrastructure, mobility, and liberty

WASHINGTON, DC -- Among the notable views and experiences for people coming from less developed countries like the Philippines who go to rich countries like the USA are their long, wide, extensive, good roads. Even their rural village or barangay level roads are smooth.

Maximum Decentralization via legislative reform

THE CHARTER CHANGE initiative of President Rodrigo R. Duterte is now led by the Inter-agency Task Force on Federalism and Constitutional Reform or IATF as per Memorandum Circular No. 52, s. 2018.

Kings look to build on breakthrough victory

FINALLY notched a win in their best-of-five Philippine Basketball Association Commissioner’s Cup semifinal series last time around, the defending champions Barangay Ginebra San Miguel Kings look to build on it albeit recognize that it would not be easy once again against a “steady” TNT KaTropa.

Resorts World Manila unveils a grand new golf challenge

PART of its 10th year celebration and commitment to promoting sports tourism in the country, Resorts World Manila (RWM) announced a new exciting golfing tournament happening later this year.

MLB: Matt Olson’s walk-off blast lifts Oakland A’s over Milwaukee Brewers

LOS ANGELES -- first baseman Matt Olson belted a walk-off home run off Josh Hader in the 10th inning Tuesday night to give the host Oakland Athletics a 3-2 win over the Milwaukee Brewers in the opener of a three-game interleague series in Northern California.

Rain or Shine stays alive in the PBA Commissioner’s Cup

THE tournament lives of the Rain or Shine Elasto Painters in the Philippine Basketball Association Commissioner’s Cup are still burning after they averted elimination by winning Game Three of their best-of-five semifinal series over the San Miguel Beermen, 112-104, on Wednesday at the Smart Araneta Coliseum.

Stacked Dawn of Heroes is appreciation night by ONE Championship in Manila

WITH MANILA proving to be a solid market for ONE Championship, it should not come as a surprise that it has decided to bring in a stacked card for its latest event here later this week at “ONE: Dawn of Heroes.”

Trail Blazers’ McCollum inks $100-M extension

LOS ANGELES -- Portland Trail Blazers guard CJ McCollum agreed to a three-year contract extension Tuesday, the team announced.

Americans Stephens, Gauff crash out in Washington

WASHINGTON -- Top seed and former champion Sloane Stephens crashed out of the Citi Open in Washington as she suffered a stunning 6-2 7-5 first-round loss to Swede Rebecca Peterson on Tuesday while teenager Cori ‘Coco’ Gauff also fell in straight sets.

Wesley’s queen

In the just-concluded Riga Grand Prix tournament Wesley So eliminated Pentala Harikrishna in the first round 2.5-1.5. They had two draws in the classical games but Wesley won the rapid tiebreaks with one win and one draw.

Daddy James

LeBron James just can’t get any slack. Even his mere attendance at a basketball game of his son’s team has been placed under scrutiny. Admittedly, he calls attention to himself in manners other parents can’t and those from the outside looking in may deem overenthusiastic at best. Joining players’ pickup lines to throw down dunks and celebrating to the point where he becomes the focus of attention instead of the action on the court isn’t normal by any means. Which is why he has been pilloried by armchair pundits and on social media.

Peso ends flat vs dollar ahead of Fed decision

THE PESO was steady against the dollar on Wednesday as market participants stayed on the sidelines ahead of the conclusion of US Federal Reserve meeting.

PSEi returns to 8,000 on US-China trade concerns

THE MAIN INDEX retreated to the 8,000 level on Wednesday following another round of warnings from the United States against China on their trade deal, alongside expectations of the US Federal Reserve’s policy decision.

Lotto operations back; PCSO loses P250 million

LOTTO operations resumed on Wednesday after the state-owned charity lost at least P250 million from a four-day suspension by President Rodrigo R. Duterte, the Philippine Charity Sweepstakes Office (PCSO) said yesterday.

House seeks PhilHealth probe

MINORITY congressmen have sought an investigation of alleged corruption at the Philippine Health Insurance Corporation (PhilHealth).

Chinese ships should keep transponders on, says Carpio

FOREIGN ships passing through Philippine territory should keep their transponders on so authorities can identify them, a Supreme Court magistrate said after reports that Chinese vessels have sneaked into Philippine seas.

Itbayat infrastructure damage at P293M — DPWH; DoTr lines up port improvements

INFRASTRUCTURE DAMAGE cost from the July 27 earthquakes in Itbayat, Batanes is so far estimated at P292.85 million, according to the Department of Public Works and Highways (DPWH).

Dagupan forms flood commission with private-public sector members

DAGUPAN CITY has formed the Flood Mitigation Commission, tapping private sector engineers, architects, and environmental planners who will work with local and national government counterparts in drawing up immediate and long-term solutions to the flooding problem.

Former military general appointed to MWSS board

PRESIDENT RODRIGO R. Duterte has appointed Emmanuel B. Salamat, a former commander of the Northern Luzon Command (NolCom), as member of the Metropolitan Waterworks and Sewerage System (MWSS) board of trustees, Malacañang announced on Wednesday.

Transport groups oppose P2P buses between airport and Megaworld transport hub

SEVERAL TRANSPORT groups have questioned the operations of premium point-to-point (P2P) buses in Iloilo, particularly those plying the route between the Megaworld Transport Hub in Iloilo City to the Iloilo International Airport in Cabatuan town.

Prison-made bags, paintings and other goods will be at SM bazaar this weekend

HANDICRAFTS SUCH as bags and coin banks as well as paintings made by inmates — or persons deprived of liberty (PDL), for the more appropriate term — will be displayed and up for sale during a three-day bazaar at the SM City Davao on Aug. 2 to 4.

Nationwide round-up

MALACAÑANG ON Wednesday said it is open to the suggestion of former Health secretary and now Iloilo 1st District Rep. Janette L. Garin to make the controversial Dengvaxia vaccines available to the public to help curb the increasing dengue cases nationwide.

Nation at a Glance — (08/01/19)

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

Meet the ten female founders competing at She Loves Tech

Ten startups have been selected for the Philippine leg of She Loves Tech 2019 Global Startup Competition to be held on August 3, 2019...

Meralco Power up forum

Some 92 participants from 74 companies attended the latest Meralco Power Up Forum to discuss the intricacies of the new Energy Efficiency and Conservation...

PHL returns to ‘samurai’ bond market

THE PHILIPPINES has launched an offer of yen-denominated “samurai” bonds from which it plans to raise about $750 million, National Treasurer Rosalia V. De Leon told reporters on Tuesday.

Business groups pitch reform bills to 18th Congress

MEASURES that will further liberalize the economy to attract more foreign capital and make it easier to do business in the country made up a list of 28 proposed laws which 14 local and foreign groups have pitched to the 18th Congress.
tax filing

Senate, Finance department move to expedite tax reform legislation

THE SENATE Ways and Means committee will conduct parallel tax reform hearings with the House of Representatives, while the Department of Finance (DoF) has begun meeting with both chambers, in order to ensure prompt approval of the bills.

Indonesia considering diaspora bond sale in bid to widen funding

JAKARTA -- Indonesia is planning to sell bonds to its citizens living overseas as Southeast Asia’s largest economy seeks to expand its funding pool and reduce the dependence on foreign fund inflows for financing a budget deficit.

Megaworld ramps up provincial mall expansion

MEGAWORLD Corp. is spending P10 billion to develop eight new malls in the provinces until 2022, as it looks to hit one million square meters (sq.m.) in retail spaces by then.

Tiu’s Infradev inks 50-year deal for Makati subway

PHILIPPINE Infradev Holdings, Inc. signed yesterday its joint venture agreement (JVA) with the city government of Makati for the construction and operation of the $3.5-billion intracity subway project.

New law re-focuses functions of the National Museum

REPUBLIC ACT (RA) 11333, or the National Museum of the Philippines Act, takes effect today. The Act clarifies the role of the National Museum.

5G network now available in Pasig — Globe

GLOBE Telecom, Inc.’s fifth-generation (5G) network became commercially available in Pasig City over the weekend.

Gov’t makes full award of 20-year bonds

THE GOVERNMENT made a full award of the reissued 20-year Treasury bonds (T-bond) it offered yesterday amid healthy demand as market participants await the policy decision of the local and US central banks.

Museum of Future Experiences uses VR for mind-expanding trips

IF YOU find day-to-day reality terrifying, I’ve found a cure.