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Daily Archives: July 7, 2019 | 11:49 pm

Is rice tariffication working?

July to September of any year is when we have the lowest local supply of rice. In the past, the National Food Authority (NFA) would have been ready with at least 30 days-worth of rice stock by July 1, most of which would be imported. The remaining 60 days of rice stock to be consumed by the population were expectedly held by households and the private commercial sector. That had been how we managed the seasonality of rice production to ensure our access to our food staple.

The State of the Nation, at its best and worst.

On July 22, President Rodrigo R. Duterte will deliver his state of the nation address (SONA) before a joint session of congress and before the Filipino people. Last week, however, the economic cluster of the President’s cabinet gave a comprehensive report on the state of the economy in a pre-SONA conference. In attendance were the diplomatic corps, members of the business community, and select members of media.

Rey Casambre: Peace warrior

As I was disembarking from a Manila-Taipei flight that had just landed at the Taoyuan airport, a co-passenger approached me and asked: “Aren’t you Men? Do you remember me?” I couldn’t immediately figure out who she was though she looked oddly familiar. She then gave a hint: “I’m a high school classmate of Rey Casambre.”

The Death Penalty and Divorce Bills: Till death do us part

“Marriage is the death penalty.” This is a statement that might be heard at a bachelor’s party. Perverted comic relief, of course, because here in the Philippines, marriage is “till death do us part” -- there is no divorce. But things will change; macho guys are in charge in government now, and the Divorce Law will probably be finally passed in this 18th Congress. Ironically, the Death Penalty Bill will also probably be filed on the opening day of Congress.

Fuel marking program rolled out this quarter, to raise P5B

THE fuel marking program is expected to generate an additional P5-billion worth of revenue for the government with revenue agencies gearing up for implementation this quarter with the issuance of the program’s rules earlier this month.

Five MoUs signed at PHL-Indonesia investment summit

THE Philippines-Indonesia Economic and Investment Summit saw the signing of five agreements in the tourism, agriculture and e-commerce industries, Philippine officials at the Jakarta embassy said.

Cable car study zeroing in on Pasig River, Baguio as possible sites

THE French government, which is conducting a feasibility study on a cable car system in the Philippines, is looking at the Pasig River and Baguio as possible locations, the Department of Transportation (DoTr) said.

Western Visayas targets 6.5% in GRDP growth led by agriculture, fisheries

WESTERN VISAYAS is aiming for at least 6.5% growth in gross regional domestic product (GRDP) growth this year, from 6.1% in 2018, with regional officials hoping to focus their efforts on the agriculture and fisheries sectors, which have been affected by the dry spell due to El Niño.
Supreme Court

SC rejects appeals of CTA Deutsche Knowledge ruling

THE Supreme Court (SC) rejected appeals from the Bureau of Internal Revenue (BIR) and Deutsche Knowledge Services Pte. Ltd., a subsidiary of Deutsche Bank Group in Singapore, thereby upholding a Court of Tax Appeals (CTA) ruling partially granting the company’s refund claim worth P51.7 million.
power lines

Murang Kuryente joins calls to amend EPIRA law

ADVOCACY group Murang Kuryente has joined in the call to review Republic Act No. 9136 or the Electric Power Industry Reform Act of 2001 (EPIRA) in view of recent developments in the forging of power supply agreements (PSAs).


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The essence of digital trends

We continue to see how technology disrupts traditional business models, resulting in new trends, products, and services, as well as how it dramatically transforms customer behaviors. Technology and innovation are considered great enablers, with the potential to rapidly remake the way we live, work and play. Yet, nearly all of today’s greatest disruptions have one common element -- at their very core, these innovations are again empowering people.

ARTA to get lessons from Malaysian counterpart

THE ANTI-RED Tape Authority (ARTA) will be working in “close coordination” with its counterpart-agency in Malaysia, the Malaysia Productivity Corporation (MPC), to learn from the latter’s successes in improving productivity and competitiveness.

BI drafting rules for pre-arranged employment visa

THE BUREAU of Immigration (BI) has started drafting guidelines for the issuance of Pre-arranged Employment Visa, also called a 9g visa, to foreigners coming to the Philippines for work.

Malacañang suggests 14th month pay law be made conditional

SENATOR VICENTE C. Sotto III’s proposal requiring private employers to give a 14th-month pay will be beneficial to the labor sector, according to Malacañang, but stressed that there should be exemptions to avoid the closure of companies that cannot afford it.

Pag-IBIG Fund sustains ‘best year’ 2018 momentum with record P37-B housing loans in 2019...

THE HOME Development Mutual Fund (Pag-IBIG Fund) released P37.07 billion in home loans in the first half of 2019, up 13% from P32.70 billion in the same period last year, and the highest in any first semester record.

Manila City gov’t has accumulated over P100M in unutilized development fund

THE COMMISSION on Audit (CoA) has cited the Manila City government for failing to fully utilize its development fund (DF), which in 2018 alone amounted to P18.517 million.

CoA warns MIAA over disallowances with P167M in unrecovered amount

THE COMMISSION on Audit (CoA) warned the Manila International Airport Authority (MIAA) against granting loans to officers and employees which are not within prescribed rules, citing P167-million worth of uncollected disallowances as of Dec. last year.

Iloilo artist made famous through social media never gave up on art

LARRY M. Casinao -- who recently touched the hearts of netizens after photos of him painting on the sidewalk of Jaro Plaza uploaded by student Sal Molinos went viral on social media -- used to go house-to-house to peddle his artworks.

Indonesian expo aims to boost Davao-Bitung shipping service

THE INDONESIAN Consulate General in Davao City is staging another trade expo on July 12 to 14 as part of continuing efforts to support the Davao-Bitung shipping service as well as boost economic ties within the Brunei-Indonesia-Malaysia- Philippines East ASEAN Growth Area.

P200M DoT fund ready for Mati Airport rehabilitation

DAVAO ORIENTAL Gov. Nelson L. Dayanghirang is preparing to issue an executive order that will establish a body that will facilitate the rehabilitation and reopening of the Mati Airport as part of plans to boost tourism.

Balajadia, Senate sgt.-at-arms for 19 years, passes away

FORMER SENATE sergeant-at-arms Major General Jose V. Balajadia, Jr. passed away early Sunday morning, Senate President Vicente C. Sotto III confirmed.

Sison says VP Robredo would do better defending the country

EXILED COMMUNIST leader Jose Maria C. Sison said Vice-President Maria Leonor G. Robredo could better in defending the country’s territory in the highly-contested West Philippine Sea than the “traitor, coward or moron” President Rodrigo R. Duterte.

SC top post open for applications

THE JUDICIAL and Bar Council (JBC) has opened for application or recommendation the position of Supreme Court chief justice, which will be vacated by Chief Justice Lucas P. Bersamin on Oct. 18 upon reaching the compulsory retirement age of 70.

TNT KaTropa assure selves of top-2 finish, incentive

THE TNT KaTropa assured themselves a top-two finish in the elimination round of the Philippine Basketball Association Commissioner’s Cup and the twice-to-beat advantage that goes with it in the next round following their 115-97 victory over the Blackwater Elite on Sunday at the Smart Araneta Coliseum.

Lyceum opens NCAA 95 with win vs Letran, 84-80

THE LYCEUM of the Philippines University Pirates began their National Collegiate Athletic Association Season 95 campaign on a winning note, defeating the Colegio de San Juan de Letran Knights, 84-80, on opening day on Sunday at the Mall of Asia Arena in Pasay City.

PFL: Kaya FC-Iloilo’s unbeaten run halted with Green Archers United FC 0-0 draw

THE WINNING streak of Kaya FC-Iloilo at the Philippines Football League was stopped at five after it was forced to a 0-0 draw by Green Archers United FC on Saturday at the Philippine Football Federation National Training Center in Carmona, Cavite.

Dominoes fall after Los Angeles Clippers’ league-altering moves

LOS ANGELES -- The Los Angeles Clippers rocked the NBA late Friday night with news they had come to terms with free agent Kawhi Leonard and agreed to trade for Paul George, and hours later, several teams responded with moves of their own, some filling out rosters and others looking to potentially move other players.

Swiss Roger Federer stardust touches everyone, and everything, at All England Club Wimbledon

LONDON -- When it comes to Wimbledon, there is no hotter property than Roger Federer.

Mobile Legends spin-off game out later this month

THE HIGHLY popular mobile game Mobile Legends: Bang Bang (MLBB) gets a new chapter with an official spin-off set to be released later this month.

PhilCycling holds national road championships in Tagaytay City

THE PhilCycling National Road Championships for this year unwrap July 23 and 24 in Tagaytay City with stakeholders from the private sector pooling their support for the final event that would determine the composition of the cycling team to the 30th Southeast Asian Games.

Leonard wins

Kawhi Leonard got what he wanted in the end. He was angling for a move to the Clippers, but under very specific conditions. And if, in the process, he wound up stringing the Lakers and Raptors along until the end of the fifth day of free agency, it was simply because he needed to have both leverage and fallback to see his vision through. His plan worked, to be sure; he was able to latch on to a first-class organization with an outstanding coaching staff and excellent ownership, front office, and back room support, and, most importantly, the second superstar he felt he required to keep chasing success.