Home 2019 August 6

Daily Archives: August 6, 2019 | 10:08 pm

DA’s Dar says will focus on food security, farmer prosperity

THE new Department of Agriculture (DA) secretary said his focus will be to achieve food security by achieving a rise in output outpacing population growth, while also boosting the earnings of farmers and fisherfolk.
Rodrigo R. Duterte

House hopes all key measures pass without veto

THE House of Representatives hopes to avoid Presidential vetoes of bills approved by the 18th Congress by working more closely with the Cabinet and the Senate, according to two senior legislators.
Karl Kendrick T. Chua

DoF estimates incentive ‘giveaways’ at P1.2 trillion

THE Department of Finance (DoF) signaled its intent to curb the granting of tax incentives, releasing an estimate that such “giveaways” cost the government about P1.2 trillion between 2015 and 2017.

DTI sets ‘optimistic’ goals for e-commerce growth, to push further MSME adoption

THE government said Filipinos are growing increasingly confident in e-commerce transactions, and now believes the segment will be equivalent to about 40-50% of Gross Domestic Product by 2022, aided by an aggressive push to get small businesses to adopt the platform.
Senate of the Philippines

Senate panel to seek red tape reduction reports during budget hearings

THE Senate finance committee has asked government agencies to report on their efforts to reduce red tape during budget deliberations for 2020, its chair Senator Juan Edgardo M. Angara said.
electric meters linemen technician

High court seeks Meralco, ERC comment on bill deposits case

THE Supreme Court (SC) has asked the Energy Regulatory Commission (ERC) and the Manila Electric Co. (Meralco) to comment on the petition filed by the Makabayan bloc last April questioning the bill deposits collected by Meralco from its consumers.

Market liquidity seen key to REIT success

PROPERTY analysts and industry participants said the key for the success of real estate investment trusts (REITs) will be liquidity, with office assets expected to be the most suitable product for these investment instruments.

Subic terminal to admit containerized grain shipments

THE Subic Bay International Terminal Corp. (SBITC) said Tuesday it will start allowing the shipment of grain through containers, as opposed to the former practice of admitting cargoes only in bulk form.

DoE promises to seek other ways to make fuel prices more transparent

THE Department of Energy (DoE) will continue to find ways to keep consumers informed about what goes into the prices of petroleum products, its top official said Tuesday, after a court blocked the agency’s circular that it hoped would provide greater transparency.
BIR bldg

BIR sets Aug. 10 as POGO tax remittance deadline

THE Bureau of Internal Revenue (BIR) ordered Philippine Offshore Gaming Operators (POGOs) to remit withholding taxes from their foreign workers by Aug. 10.

Peso sinks further on yuan move

THE PESO sank on Tuesday as tensions between the world’s two largest economies escalated further after the former tagged the latter as a “currency manipulator.”

Local shares drop further on yuan’s devaluation

LOCAL EQUITIES retreated further on Tuesday, as trade war tensions escalated after the United States called out China for allegedly manipulating its currency.

Duterte to invoke Hague ruling during China visit

PRESIDENT Rodrigo R. Duterte plans to invoke a 2016 ruling by an international arbitration panel in the Hague that rebuffed Chinese claims over parts of the South China Sea when he visits Beijing later this month, his spokesman told reporters yesterday.

Duterte worried for Luzon terror

PRESIDENT Rodrigo R. Duterte is worried that terrorist groups linked to Islamic State may have spilled into the main island of Luzon, according to his spokesman.

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Mimaropa househelps get wage increase

THE NATIONAL Wages and Productivity Board announced a P1,000 monthly increase in the minimum wage for housekeepers in the Mimaropa region, which is made up of the provinces of Mindoro, Marinduque, Romblon and Palawan.

No deployment ban for HK — Panelo

THE Philippines won’t ban the deployment of Filipino workers in Hong Kong amid street protests that have become more violent each day, presidential spokesman Salvador S. Panelo told a briefing yesterday.

High tribunal allows remote criminal trials

THE SUPREME Court has approved the rules allowing inmates to undergo trial using video-conferencing technology, it said in a statement on Tuesday.

DoH declares national dengue epidemic

THE DEPARTMENT of Health (DoH) on Tuesday declared a national dengue epidemic, with patients reaching nearly 150,000 so far this year.

Iloilo-Guimaras Strait tragedy highlights need to refine protocols

THE NEED to clarify and strengthen protocols on the suspension of motorboat trips as well as emergency response coordination has been put on the spotlight following Saturday’s mishap at the Iloilo-Guimaras Strait wherein three boats capsized and claimed the lives of at least 28 people.

BARMM emergency response office to tap former combatants for rescue teams

THE BANGSAMORO Autonomous Region in Muslim Mindanao’s (BARMM) newly-launched Rapid Emergency Action on Disaster Incidence (READI) office is aiming to tap former rebel group combatants as part of rescue teams.

Nationwide round-up

THE DEPARTMENT of Labor and Employment (DoLE) has released the guidelines on the issuance of a required document for retrenched employees who want to avail of unemployment insurance from the Social Security System.

Nation at a Glance — (08/07/19)

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

Change we can see

There is wave of positive change in the metropolis today brought about by basic, commonsensical, even elementary solutions to day-to-day concerns. Local chief executives, following a trail blazed by today’s fair-haired boy, Manila Mayor Isko Moreno, have shown that reliance on existing laws and rules is sufficient to effect change that one can see. Perhaps a change in the mindset was all that was needed, as the laws and ordinances have remained the same.

Latent racism

My earliest experience with racism was as a boy growing up in Tacloban City. Because we lived near Cancabato Bay, which connects to the San Juanico Straits, much of my free time was spent in the sea. I was thus so sun-burnt and swarthy that my playmates called me “negro.” This was supposed to mean being inferior.

Mobilizing resources vs. dengue

According to the latest situational report released by the National Disaster Risk Reduction and Management Council (NDRRMC), several provinces and municipalities, particularly in regions IV-A, IV-B, VI, VIII and XII, are now under a state of calamity due to the continuous surge of dengue cases.

What initials are for

CEOS AND THEIR direct reports deal daily with proposals, studies, and evaluations requiring decisions, often urgent. The approving authority relies on subordinates to study proposals in detail. Staff assistants, technical consultants, compliance officers, and lawyers indicate their recommended course of action with an initial.

LNG: The power to rise to a brighter future

NEVER HAS energy security been a more pressing issue than now, given our increasing energy demand to meet the upward trajectory of our developing economy. Sustainability, environmental impact, operational economics, and a clearer appreciation of the role of each energy source are what we need to take into consideration in the planning of our energy mix.

San Miguel Beermen go for rebound in Game 2

DOWN 0-1 in their best-of-seven Philippine Basketball Association Commissioner’s Cup finals series, the San Miguel Beermen look to rebound and level the affair with the TNT KaTropa in Game Two today at the Smart Araneta Coliseum.

Magsayo happy to fight in Bohol anew, get his career back on track

LATER this month undefeated Filipino boxer Mark “Magnifico” Magsayo returns to fight in his hometown of Tagbilaran in Bohol, looking to get his career humming anew following a two-year lull from boxing.

Bad weather, class suspension force NCAA 95 games cancellation anew

FOR THE SECOND straight play date, men’s basketball action in National Collegiate Athletic Association Season 95 was cancelled because of the expected bad weather brought about by Typhoon Hanna and subsequent suspension of classes in the metro.

Carter to return to Hawks for record season

LOS ANGELES -- Vince Carter will return to the Atlanta Hawks on a one-year contract for what would an NBA record 22nd season, ESPN’s Adrian Wojnarowski reported Monday.

EGS Elite and National University Uno among winners at NBA 3X PHL

THE NINTH EDITION of NBA 3X Philippines drew to a successful conclusion on Sunday with Cavite-based EGS Elite reclaiming the title in the men’s open division and National University Uno topping the women’s side.

GM Joey Antonio wins Open Kitchen rapid chessfest

GRANDMASTER (GM) Rogelio “Joey” Antonio Jr. pocketed the top honors in the Open Kitchen rapid chess tournament held at the Open Kitchen food hall 34-36 P. Tuazon Bouelavard, Barangay Kaunlaran, Cubao, Quezon City on Monday.

Velasquez pitches Phillies past D-Backs

PHOENIX -- Vince Velasquez pitched seven solid innings in his longest outing of the season, Scott Kingery homered and the Philadelphia Phillies opened a three-game series with a 7-3 win over the Arizona Diamondbacks on Monday night in Phoenix.

Solid offering

When ONE Championship came here in April I was not able to cover it as I had something going out of town, which was why for the promotion’s most recent event here on Aug. 2 I made sure if I was available I would go.

Unprecedented run

It’s official. Vince Carter will be suiting up for his 22nd and final season in the National Basketball Association. He had, of course, already signified his intent to burn rubber for yet another year and, in the process, break a record he currently shares with just-retired Dirk Nowitzki, Robert Parish, Kevin Garnett, and Kevin Willis for the most number of campaigns played in a career. The Hawks bringing him back for the minimum $2.56 million thereby ensures his place in history. No doubt, they were pleased with the numbers he put up -- norms of 7.4 points, 2.6 rebounds, and 1.1 assists through 17.5 minutes of play -- in 76 games for them, not to mention with his locker-room leadership as they strove to rebuild.

Fintech startup Vesl wins She Loves Tech Philippines 2019

Over the weekend, fintech startup Vesl beat out eight other female-founded startups for top prize at She Loves Tech Philippines, a pitch competition hosted...

Factory output declines in June

Manufacturing output extended its declining streak to seven months in June, the government reported this morning. Preliminary results of the Philippine Statistics Authority's (PSA) latest...

Inflation eases further to 2.4% in July

The increase in the prices of widely used goods further eased in July, the Philippine Statistics Authority (PSA) reported this morning. Preliminary data from the...

LEDAC to start quarterly meetings

THE LEGISLATIVE-EXECUTIVE Development Advisory Council (LEDAC) will hold quarterly meetings to ensure smooth action on priority measures, Senate leaders said after the body’s organizational meeting on Monday.
rice grains farmer

Duterte names acting heads of agriculture and budget departments

PRESIDENT Rodrigo R. Duterte has appointed acting secretaries to head the agriculture and budget departments, Malacañang said on Monday.

House eyes Oct. 4 OK of national budget

THE HOUSE of Representatives targets final approval of the proposed P4.1-trillion 2020 national budget by Oct. 4, before the 18th Congress takes a month-long break, according to a senior official of the chamber’s Appropriations committee.

Analysts, exporters watch peso fortunes

THE PESO has turned out to be one of Asia’s stronger, less volatile currencies, the Department of Finance (DoF) said in an economic bulletin on Monday, even as economists say fortunes could change towards yearend and an exporters’ group remained cautious.

Art takes center stage at this mall

A NEW Robinsons Galleria has risen in San Pedro, Laguna as Robinsons Land Corp. (RLC) formally opened its third Galleria property on July 19 featuring a themed Asian section, a sculpture in homage to the city’s namesake saint, and four floors of retail and dining establishments.

ALI profit up 10% in 2nd quarter amid delays in project launches

AYALA LAND, Inc. (ALI) reported its net income jumped by 10.4% in the second quarter of 2019, amid flat revenue growth as the company saw a delay in project launches due to the midterm elections.