Home 2019 July 11

Daily Archives: July 11, 2019 | 9:47 pm

First tranche of Malolos-Clark Railway loan from ADB signed

PRESIDENT Rodrigo R. Duterte witnessed the formal signing last Thursday of a $1.3 billion loan, the first tranche of a total $2.75 billion facility, between the Philippines and the Asian Development Bank (ADB) for the Malolos-Clark Railway Project (MCRP).

NFA palay procurement tops 5.4M bags in first half

THE procurement of palay, or unmilled rice, amounted to more than 5.4 million bags in the first half, exceeding the target by 16%, the National Food Authority said in a statement, as the agency concluded its first half-year focused only on domestic rice procurement.
Ramon M. Lopez

South Korea free trade talks seen completed by Sept., signing by Nov.

NEGOTIATIONS for a Free Trade Agreement (FTA) with South Korea are expected to finish by September in time for possible signing in November, according to Trade Secretary Ramon M. Lopez.

BoC foils attempts to smuggle onions, sugar, rice worth P15.5M

CUSTOMS OFFICIALS posted to the Manila International Container Port (MICP) seized P15.5 million worth of food shipments from China which were misdeclared, the Bureau of Customs (BoC) said Thursday.

BoC ordered to form task force to guard against garbage shipments

FINANCE SECRETARY Carlos G. Dominguez III has ordered the Bureau of Customs (BoC) to create a team to guard against future attempts to bring waste material into the Philippines.

US awards P20-M worth of grants to clean Manila Bay

THE United States awarded two grants Thursday worth P20 million for projects intended to help rehabilitate Manila Bay.

Winging it

The officials of the Duterte regime contradict themselves and each other daily and almost by the hour. They have, individually and collectively, outdone and are outdoing every other administration in the incoherence, contradictions, unreason, and non sequiturs of their declarations. A reality that is arguably as alarming as the lawlessness and the extrajudicial killings that are continuing to ravage the ranks of human rights defenders, political activists, and regime critics, it is specially evident in their foreign policy discourse.

China’s many lawyers

Vividly and fondly remembered is former Supreme Court Justice Florentino Feliciano who, years ago, long after he stepped down from the World Trade Organization’s Appellate Body, met with some government trade officials regarding alleged Philippine discriminatory treatment of some imported goods. A lady official pontificated about the “unfortunate” Philippine “discrimination.”

Is divorce an equalizer?

For three decades, there have been attempts to pass the divorce bill in Congress. It has provoked waves of arguments and nothing happened.

It’s not always black or white

IT MUST be our digital culture that compels us to think of life as binary. Most things, including organizational charts, relationships, diplomatic courtesies, invasions, fishing accidents, and working arrangements in families cannot be neatly categorized as either on or off, zero or one, win or lose, black or white. There are many shades of gray, and not just 50.

Peso up on Powell speech

THE PESO recovered sharply against the dollar on Thursday on the back of dovish remarks from US Federal Reserve chair Jerome Powell.
PSE bells

Stocks extend climb on Fed, BSP rate cut bets

LOCAL SHARES extended their gains on Thursday as investors continued to price in possible rate cuts by the US and local central banks.

Nation must regain islets from China — SWS poll

MAJORITY of Filipinos think that the Philippines should regain control of disputed islands occupied by China, according to a Social Weather Stations (SWS) poll.

Audit agency flags PCSO transactions

NATIONAL auditors have flagged P2 billion of audit suspensions and so-called disallowances that the Philippine Charity Sweepstakes Office (PCSO) has failed to settle.

Angat Dam breaches critical water level

ANGAT DAM again breached its 160-meter critical water on Thursday in the absence of significant rainfall in the area.

Duterte meets with BARMM officials

PRESIDENT Rodrigo R. Duterte met with key officials of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) at the presidential palace on Wednesday to tackle issues including how the region can better interact with the national government.

Pangasinan creates 10 clusters with specific duties to ‘level-up’ disaster response system

THE PANGASINAN government, through its Provincial Disaster Risk Reduction and Management Council (PDRRMC), is setting up 10 clusters with detailed duties to strengthen its system for disaster preparedness and response.

Modern PUVs for Tacloban

THIRTY-FIVE modern public utility vehicles (PUVs), like this solar-powered jeepney, have been added to Tacloban City’s transport system with the formal launching on July 11 of the One Time Big Time project.
DPWH logo

Repair works on Elliptical Road start July 12

THE DEPARTMENT of Public Works and Highways will begin the rehabilitation and upgrading of damaged paved road-secondary road along Elliptical Road in Quezon City on Friday, July 12.

P77-M NDRRMC command center for Mindanao being built in Butuan City

A TWO-STOREY command center for the National Disaster Risk Reduction and Management Council (NDRRMC), with an allocation of P77 million, is now being built in Barangay Bancasi, Butuan City.

P2P buses from Iloilo to Caticlan Airport, other Panay destinations launched

POINT-TO-POINT (P2P) buses between Iloilo City and the different airports within Panay Island will start services Friday, and other routes to Antique and Roxas City in Capiz will soon be opened for franchise applications.
WIKIPEDIA

Palace denies hand in fisherfolk’s withdrawal from West Philippine Sea case

MALACAÑANG ON Thursday denied that the government had a hand in the Filipino fishermen’s withdrawal from the case before the Supreme Court seeking government’s strict implementation of environmental laws and protection of the West Philippine Sea.

SHFC to finance 50,000 housing units in Davao Oriental

THE DAVAO Oriental provincial government is building about 50,000 housing units in Mati City within the next three years that will be bankrolled by Social Housing Finance Corp. (SHFC).

Northport seeks to build momentum into playoffs

ALREADY assured of a top-two finish in the elimination round of the Philippine Basketball Association Commissioner’s Cup and the twice-to-beat advantage in the next round, the Northport Batang Pier seek to finish on a high and build momentum heading into the quarterfinals.

San Beda, Lyceum go for back-to-back victories

OPENING-DAY victors San Beda Red Lions and Lyceum Pirates go for back-to-back wins in Season 95 of the National Collegiate Athletic Association when they take on separate opponents today at the FilOil Flying V Arena in San Juan City.

PFL: Ceres-Negros FC gets better of Kaya FC-Iloilo in battle of champions

CERES-NEGROS FC got the better of Kaya FC-Iloilo in their first encounter in Season 3 of the Philippines Football League on Wednesday at the Philippine Football Federation National Training Center in Carmona, Cavite.

Payment network UnionPay inks deal as PBA sponsor

UNIONPAY, a global payment network, is now part of the growing list of partners of the Philippine Basketball Association (PBA) after inking a deal to become the league’s official payment partner.

Nadal topples Querrey to set up blockbuster Federer semifinals

LONDON -- The deafening cheers erupting around Wimbledon as Rafa Nadal stood at the baseline, bouncing a ball and poised to take a two-set lead against Sam Querrey, provided the newsflash he welcomed and dreaded with equal measure -- Roger Federer was through to the semifinals.


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Silver, NBA unhappy with free agency, trade demands

LOS ANGELES -- Most of the big names in NBA free agency agreed to new deals within hours of the deadline passing last week.

Resorts World Manila’s Run With Me X

NOW on its fourth year, Resorts World Manila’s award-winning annual celebrity-led fun run for charity Run With Me is about to become bigger and better as it opens registration for the August 25 event at the SM MOA concert grounds.

Subic Bay named top sports tourism destination

SUBIC BAY, Central Luzon’s top tourist destination, added a feather in its cap with the recent awarding of the “Destination of the Year” by the Philippine Sports Tourism Awards (PSTA).

Parity

Even in the end, Kawhi Leonard kept everybody guessing. As the most coveted player in free agency, he took his time making a formal decision on where to land, never mind that his heart lay with the Clippers, and that, behind the scenes, he strove to ensure that he would wind up as their marquee superstar. And if the five days he kept all and sundry on #kawhiwatch weren’t enough, yesterday served to underscore his position as master of his fate. The contract he affixed his Hancock to was, indeed, for the maximum salary, but guaranteed only through the 2020-2021 season.

Nation at a Glance — (07/12/19)

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

Gen Z’s potential and the opportunities ahead of them

Spark Series 2019 resumes at De La Salle University

Fostering a flourishing port sector

Ports continue to serve as an important component of trade and transport in the country, constantly contributing to the progress of the Philippine economy....

Philippine trade year-on-year performance (May 2019)

THE COUNTRY’s trade-in-goods deficit narrowed in May as a slight export growth steadied while imports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday....
port of manila

Trade-in-goods gap narrows in May

THE COUNTRY’s trade-in-goods deficit narrowed in May as a slight export growth steadied while imports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday.
dollars

FDI net inflows drop for second consecutive month in April — BSP

FOREIGN direct investment (FDI) inflows fell year-on-year on a net basis for the second straight month in April -- which nevertheless posted the biggest net inflow in nearly a year -- due to a significant cut in equity inflows that offset increases in reinvested earnings and intercompany lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

BoI OK’s 27% more investment pledges

THE BOARD of Investments (BoI) approved 27.4% more committed investments last semester from a year ago, fueled especially by power projects, the agency said in a press release on Wednesday.
traffic bus

Traffic crisis measure filed anew in the Senate

A MEASURE that will give President Rodrigo R. Duterte “emergency powers” to address worsening traffic and congestion in key cities for up to two years has been filed anew in the Senate.

POGOs, BPOs to fight for limited office space in Metro Manila

THE Philippine Offshore Gaming Operators (POGOs) industry is expected to unseat the Information Technology and Business Process Management (IT-BPM) sector as the top office space occupier in Metro Manila by the end of the year, according to Leechiu Property Consultants (LPC).

SMPC seeks lifting of cease order on coal trading

SEMIRARA Mining and Power Corp. (SMPC) said on Wednesday that it is in talks with the Energy department for the lifting of the cease and desist order on its coal trading activities after issues arose when a buyer failed to produce the required accreditation.

Developer Ortigas sets P12-billion capex

ORTIGAS & Co. is allocating around P12 billion for capital expenditures (capex) this year, the bulk of which will be used for the development of a new mixed-use project in Ortigas Center.
Pag-IBIG Fund

Pag-IBIG Fund grants P4.5 billion in socialized housing loans in 1st half

THE Home Development Mutual Fund (Pag-IBIG Fund) said it has granted P4.52 billion worth of socialized housing loans to 11,894 members in the first six months of 2019.

Megaworld allots P350M for Iloilo transport hubs

MEGAWORLD Corp. is investing P350 million for transport hubs at the Iloilo Business Park, which is set to open this year.