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Daily Archives: July 4, 2019 | 9:58 pm

BoC rice import tariff collections at P5.9 billion

THE BUREAU of Customs (BoC) has collected a total of P5.9 billion in tariffs from 1.43 million metric tons (MT) of rice imported by private traders following the implementation of the Rice Tariffication Law in March, the Department of Finance (DoF) said Thursday.

Trade dep’t launches Halal-certified logo

THE Department of Trade and Industry (DTI) said it launched the official Philippine Halal logo, which will be used to identify all Halal products made in the country.
cement mixer

Tariff Commission deadline to report on cement safeguards expires

A CONSUMER GROUP said the Tariff Commission’s (TC) hearings to evaluate safeguard duties on cement are “moot and academic” because the commission failed to comply with the timelines provided by the law.
training ship PMI MARINA

Council set up to ensure compliance with international maritime standards

PRESIDENT Rodrigo R. Duterte has issued an executive order (EO) creating a council to oversee the Philippines’ compliance with the policies of the International Maritime Organization (IMO) ahead of a 2021 audit.
food dry goods barter

Mindanao Barter Council finalizing guidelines for ports in Sulu, Tawi-Tawi

DAVAO CITY -- The Mindanao Barter Council (MBC) is finalizing the guidelines for the barter trade office, which will initially be established in the ports of Jolo, Sulu and Bongao, Tawi-Tawi.

Beyond the numbers game

No one should be under the illusion that any impeachment complaint against President Rodrigo R. Duterte will by itself remove him from office. But it might help.

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China and the troubled waters

Someone once said that foreign relations is merely the extension of domestic policy. Thus anybody familiar with the state of our local politics would not be surprised at how we conduct ourselves on the global stage.

Deadline dilly-dallying

The habit of postponing a difficult task is one of exasperating traits of the mañana or tomorrow syndrome. It can stretch from the day after to the month or the year after. Somehow, it seems to be a maddening cultural glitch that some people probably picked up during the long colonial era.

Solar para sa politika, Part 2

Two weeks ago, this column argued for the President’s veto of HB 8179 or the Solar Para sa Bayan Corp. (SPSBC) franchise bill. I quoted the objection speech of Senator Sherwin Gatchalian, Chairman of the Committee on Energy, on why the bicameral report should not have been ratified.

Investors on sidelines ahead of inflation report

LOCAL STOCKS slipped amid tepid trades on Thursday as investors stayed mostly on the sidelines ahead of the release on Friday morning of inflation data for the month of June.

Peso rises anew vs dollar

THE PESO strengthened against the dollar on Thursday on the back of weak economic data in the United States.
US Ambassador Sung Kim

US envoy vows support under treaty in sea row

AMERICAN AMBASSADOR to the Philippines Sung Y. Kim assured that the United States will stand by its obligation under the Mutual Defense Treaty (MDT) should aggression by the Chinese government over the West Philippine Sea continue.

Spokesman asserts: Duterte-Xi verbal deal valid, binding

AMID CONFLICTING positions among the President’s men on the legality and enforceability of the 2016 verbal fishing agreement between the leaders of China and the Philippines, Malacañang on Thursday asserted that there is “no room” for any other interpretations on the matter, stressing that the deal is “valid.”
congress House of Representative

Whoever is Speaker must back admin’s economic agenda

AS THE BATTLE for House speakership drags on with more players joining the fray, two lawmakers believe that what is crucial is for the new leader to have an understanding of and support the administration’s economic reform agenda.
New Clark City

Judiciary complex to rise in New Clark City

THE SUPREME Court (SC) and the Bases Conversion and Development Authority (BCDA) signed on Thursday a memorandum of understanding for the 5.8-hectare Judiciary Complex that will be built at the National Government Administrative Center (NGAC) in New Clark City in Tarlac.

DoE, Japan’s METI to review Mindoro power development plan

THE DEPARTMENT of Energy (DoE) has stepped up plans to improve the delivery of electricity in Mindoro island as it looks to review a power development proposal for the province in partnership with Japan.

Gov’t raids Malabon facility making fake cigarette labels, stamps

THE GOVERNMENT has raided a facility in Malabon that produces fake labels and stamps, according to Finance Secretary Carlos G. Dominguez III on Thursday.
Alejano shoots down police chief’s ‘quadruple the salaries’ promise

Police chief-turned-senator plans to strengthen laws vs terrorism, drug traffickers

SENATOR RONALD M. dela Rosa, who will chair the public order and dangerous drugs committee, will be filing bills strengthening government operations against terrorism and high-level drug traffickers.

CoA cites NHA’s poor completion of Yolanda housing projects

THE COMMISSION on Audit (CoA) flagged the National Housing Authority (NHA) for completing only 117,167 of the 203,471 housing units intended for the victims of supertyphoon Yolanda (international name: Haiyan), which struck in November 2013.

NAPC, BARMM gov’t tackle anti-poverty strategy with 5 provinces in the Bangsamoro region still...

THE NATIONAL Anti-Poverty Commission (NAPC) and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) government met this week to discuss strategies towards bringing down the poverty rate in the region, which stood at 63% as of the first semester 2018.

Nation at a Glance — (07/05/19)

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

Blackwater, San Miguel parade new imports

THE BLACKWATER Elite and San Miguel Beermen will have new imports when they play in the scheduled double-header in the Philippine Basketball Association Commissioner’s Cup today at the Mall of Asia Arena in Pasay City.

Teener Gauff backs up Venus win to advance in third round

LONDON -- American 15-year-old Cori “Coco” Gauff showed her stunning first-round defeat of Venus Williams was no flash in the pan as she outclassed Magdalena Rybarikova 6-3 6-3 to reach the third round of Wimbledon on Wednesday.

Gilas Pilipinas Youth bows to Serbia, drops to classification round

GILAS PILIPINAS Youth is now out of the running in the FIBA Under-19 Basketball World Cup in Greece after bowing to world number four Serbia, 87-60, in the round of 16 early Thursday morning (Manila time).

San Beda vs Arellano in NCAA Season 95 opening

THE 95th season of the National Collegiate Athletic Association fires off on Sunday, July 7, with four peat-seeking San Beda Red Lions kicking off their bid against hosts Arellano University Chiefs.

PFL: Ceres-Negros defeats Green Archers in fire-fight

DEFENDING Philippines Football League champion Ceres-Negros FC made it back-to-back wins since returning to league action after its AFC Cup campaign, beating Green Archers United FC, 4-3, in a fire-fight at the Philippine Football Federation National Training Center in Carmona, Cavite, on Wednesday.

Furthering the Japan martial art of kendo in the country

COMPARED to other Japanese martial arts, the number of people doing kendo in the Philippines may not be as big, but practitioners of it in the country are undeterred in bringing it to the fore to have more Filipinos appreciate it and, maybe, pick it up.

Wimbledon ready to roll out green carpet for ‘Serena and Andy’ premier

LONDON -- Andy Murray left a string of broken hearts with his decision to hook up with Serena Williams in the mixed doubles at Wimbledon and Victoria Azarenka had a stark message for anyone harbouring hopes of breaking up tennis’ power-couple -- “good luck!”

POC to hold election on July 28

THE scheduled Philippine Olympic Committee election today has been moved to later this month in accordance with the directive of world Olympic bodies.

Taking NBA hostage

Even in the midst of the frenzied activity that has enveloped social media since the National Basketball Association officially declared open season on free agents over the weekend, the rapid-fire scrambling that occurred stateside on Twitterverse as Kawhi Leonard engaged with the Raptors the other day proved nothing short of remarkable. Across the border, it also made for must-see TV as a Canada-based broadcast network that just so happens to have the same parent company as the franchise wooing the reigning Finals Most Valuable Player saw fit to cover his travel arrangements.

Meet Noah, your online business’s new best friend

The advent of the online marketplace helped democratize the entrepreneurial landscape. Sellers no longer needed to manage orders and couriers, on top of managing...

New e-commerce platform Qarabao equips small business operators with enterprise-level tools.

For many small business owners, running their business is more than just a source of livelihood. It’s a guarantee of a secure future, the...
oil search galoc

DoE seeks oil contract counterproposals

THE DEPARTMENT of Energy (DoE) has invited local and foreign challengers to the three applications for petroleum service contracts in three areas in the Philippines outside the 14 pre-determined areas it had offered to exploration companies.

PHL an outlier in slowing Asia-Pacific M&A market

THE PHILIPPINES was the fastest-growing market in the Asia- Pacific (APAC) region ex-Japan in terms of mergers and acquisitions (M&A) last semester, driven by the consolidation of one of the country’s largest cement players.

Central bank chief sees ‘a lot of policy space’

MONETARY AUTHORITIES will have “a lot of policy space” ahead amid global monetary policy easing and as inflation slows further next quarter, the head of the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Senate of the Philippines

Senators shun top post in tax committee due to political stigma

THERE are still no takers for chairmanship of the Senate Committee on Ways and Means due to the “stigma” attached to tax measures, Majority Leader Juan Miguel F. Zubiri told reporters on Wednesday.

Fresh funds seen to boost Converge’s expansion efforts

CONVERGE ICT Solutions, Inc. is seen to become a “more formidable player” in the fixed broadband segment, after the company received fresh funds from a United States-based private equity firm, according to an economic research firm.

Former DFA chief Del Rosario resigns from First Pacific board

FORMER Department of Foreign Affairs (DFA) Secretary Albert F. del Rosario has resigned as non-executive director of Hong Kong-listed First Pacific Co. Ltd., citing poor health and his decision to focus on personal advocacies.

Widus International expands deal with AboitizPower

ABOITIZ Power Co. said on Wednesday that it had signed up Widus International Leisure, Inc. to switch to its Cleanergy brand.

Milky Way stays true to its roots

HOME COOKING has a way of connecting us with a purer version of ourselves. Before the world left us all scratched, somebody loved us and prepared food for us. We guess that’s the magic of Milky Way Café, where each dish brings us back to our mother’s table, when nothing yet could go wrong.
Samsung Galaxy Fold

Samsung completes folding phone redesign after screen failures

SAMSUNG Electronics Co. has completed a two-month redesign of the Galaxy Fold to fix embarrassing screen failures that forced its delay, people familiar with the matter say, allowing the Korean giant to debut its marquee smartphone in time for the crucial holiday season.
BSP-Bangko Sentral ng Pilipinas

Yields on term deposits decline as offer attracts strong demand

THE CENTRAL BANK’S term deposit facility (TDF) was more than twice oversubscribed on Wednesday, bringing yields down, on the back of strong demand from banks due to recent reserve requirement cuts.

Slow electronics market growth a hindrance to tech investments

SLOW MARKET growth for the electronics industry is a hindrance to the entry of Taiwan-based technology firms into the Philippines, officials of several companies said.

Home away

JUNIOR ISN’T the only Filipino eatery in Montreal, but as all the others are clustered around the Cote-des-Neiges neighborhood it’s the only one that chose to strike out for other pastures, establishing itself in 2014 in Griffintown, a former Irish immigrant community turned industrial area turned urban renewal experiment.
PCC logo

Meralco-led consortium’s joint venture with BCDA gets PCC approval

THE Philippine Competition Commission (PCC) has approved the proposed joint venture between the Bases Conversion and Development Authority (BCDA) and the consortium of Manila Electric Co. (Meralco) and Japanese firms Marubeni Corp., Kansai Electric Power Co., Inc. and Chubu Electric Power Co., which will undertake the development of a power distribution system in New Clark City (NCC).