Home 2019 August 8

Daily Archives: August 8, 2019 | 9:41 pm

rice grains farmer

Farmers wary of further palay price declines as traders reluctant to buy

FARMERS have asked the government to address the steep decline in farmgate prices for palay, or unhusked rice, warning that the traders who buy from farmers are inactive in the market because they are stuck with expensive inventory from before the government allowed imports of cheaper foreign rice.

China to crack down on gambling, POGO exploitation

CHINA signaled a crackdown on cross-border gambling after alleging that many its nationals working in the Philippine offshore gaming industry were recruited illegally.

PAGCOR scrambles to contain damage from POGO ‘hubs’ proposal

PHILIPPINE Amusement and Gaming Corp. (PAGCOR) Chairperson Andrea Domingo walked back proposals to relocate Chinese offshore gaming workers to “self-contained hubs,” saying that such communities will have ample amenities for residents and will be “safe” with no restrictions on their movement.

Muntinlupa City to allow owners to redeem 310 seized properties

MUNTINLUPA CITY has issued an ordinance allowing the owners of 310 forfeited real properties to redeem their land, which the city has determined cannot be used for government projects.

Building permits point to strong residential, office growth

BUILDING PERMIT applications data are pointing to double-digit growth for the residential and office/commercial segments in 2019, with a slight tapering off to at least the high single digits over the next few years, Fitch Solutions Macro Research said.
migrant worker OFW

Gov’t researchers call for country-specific OFW health briefings

THE National Research Council of the Philippines (NRCP) said Overseas Filipino Workers (OFWs) must be given country-specific health awareness programs in their pre-departure briefings.
peso dollar bills

Peso rises on market optimism

THE PESO strengthened on Thursday despite weaker-than-expected gross domestic product (GDP) growth in the second quarter and ahead of the central bank’s policy decision.
PSE BGC bells

PSE index inches down on slower Q2 GDP growth

By Arra B. Francia, Senior Reporter THE MAIN INDEX ended slightly lower on Thursday following slower gross domestic product (GDP) expansion in the second quarter. The...

State auditor flags DepEd expenses worth P13.9B

THE COMMISSION on Audit (CoA) has flagged about P13.9 billion of expenses at the Department of Education that were either illegal or lacked adequate documentation.

Robredo seeks evidence in DoJ sedition complaint

VICE-PRESIDENT MARIA Leonor G. Robredo has asked government prosecutors to order the police to give her copies all the evidence in the sedition complaint against her and 35 other people.

Aug. 12 a regular holiday for Eid’l Adha

PRESIDENT Rodrigo R. Duterte has declared Aug. 12, Monday, as a regular holiday nationwide in observance of Eid’l Adha or the Feast of Sacrifice for Muslims.
Department of Energy (DoE)

DoE asks Napocor to defer off-grid rate hike

THE DEPARTMENT of Energy (DoE) yesterday asked the National Power Corp. (Napocor) to defer its application to increase electricity rates in off-grid areas until it has improved its operating efficiency as well as reduced power generation costs and missionary subsidies.

Tackling peace, plastics, PWDs: Mindanao’s social entrepreneurs band together

DAVAO CITY — Mindanao’s social entrepreneurs have banded together to create a bigger impact in the communities and draw more attention to the country’s southern islands.

Still a rainy Friday due to monsoon as typhoon Hanna exits

THE SOUTHWEST monsoon will continue to bring moderate to heavy downpours in Luzon and the Western Visayas Region on Friday as typhoon Hanna (international name: Lekima) heads out of the Philippine area.

Senate to hold provincial bus ban hearing on Tuesday

THE SENATE committee on public services will hold on Tuesday a public hearing on the provincial bus ban, which was put on a test run Wednesday and worsened traffic along EDSA.

Iloilo City council to conduct separate probe on sea tragedy

THE ILOILO City council will conduct its own inquiry “in aid of legislation” on the Aug. 3 sea tragedy where three pumpboats capsized and 31 people died.

Empty wharf

Still no activity at the Santo Rosario Wharf in Buenavista, Guimaras on Aug. 8, five days since the suspension of pumpboat operations following Saturday’s sea mishap that claimed 31 lives.

Javier named national scientist for his work in agriculture

AGRONOMIST AND and former University of the Philippines president Emil Q. Javier has been declared as a national scientist for his “outstanding contributions” to the progress of science and technology in the field of agriculture.
bar alcohol

Nationwide round-up

THE CHAIRPERSON of the House committee on heath has filed a bill that prohibits the selling, serving, and consumption of alcohol and alcoholic beverages in all streets, sidewalks, parks, and parking areas.

Blundering along

Like the American invasion and conquest of the Philippines at the turn of the 20th century, the Duterte watch has been as bloody and as blundering.


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End of contract, end to misery?

Even before he got elected, President Rodrigo Duterte committed to abolish the existing practice of “End of Contract” or Endo which characterizes all the familiar contractual arrangements which bind temporary, projects-based, or intermittent workers.

Either learn mere marches now or prepare to hold a gun later

It was John Adams who said that “I must study politics and war, that our sons may have liberty to study mathematics and philosophy. Our sons ought to study mathematics and philosophy, geography, natural history and naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry and porcelain.”

Hong Kong protesters strike market nerves at last

HONG KONG -- Blockades and walkouts roiled Hong Kong this week. Unlike similar unrest in 2014, investors are getting anxious. Trade tensions and economic weakness in China have helped to erase the Hang Seng Index’s gains this year, but local indicators like real estate and retail are cooling too. Beijing may not mind that protests squeeze business, if the rising cost of resistance divides the movement. That means there could be more disruption to price in.

Nation at a Glance — (08/09/19)

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

Mail-order DNA tests can be fun, but they aren’t medical advice

THEODORA ROSS, a cancer geneticist at the University of Texas Southwestern Medical Center, says that to Silicon Valley types, she is like a taxi driver competing against the more convenient, Uber-like direct-to-consumer companies such as 23andMe. “They think we don’t need to exist,” she said. The techy approach invites consumers to swab a cheek and mail in the sample, and promises to reveal a broad swath of genetic information.

Beermen, KaTropa go for 2-1 series lead today

KNOTTED at 1-1 in their best-of-seven Philippine Basketball Association Commissioner’s Cup finals series, the San Miguel Beermen and TNT KaTropa go for the go-ahead when they reengage today for Game Three at the Smart Araneta Coliseum.

NCAA: Bombers take stab at Blazers’ unbeaten record

THE JOSE RIZAL University Heavy Bombers take a shot at bringing down the undefeated College of Saint Benilde Blazers when the two teams collide in National Collegiate Athletic Association Season 95 action today at the FilOil Flying V Arena in San Juan City.

Trail Blazers’ McCollum has theory why players decline Team USA invite

LOS ANGELES -- Portland Trail Blazers guard CJ McCollum has a theory about why so many NBA players declined invitations to play for Team USA at the upcoming FIBA 2019 World Cup: potential embarrassment and injury.

Two Filipinos featured at REBEL FC’s China return

SOUTHEAST Asia-based mixed martial arts promotion REBEL Fighting Championship makes its return in China next month which has two Filipinos featured in the fight card.

Fitness center lends support to paralympic athletes

FURTHER underscoring that in sports and in life anything is possible, one-stop fitness center Santé Fitness Lab (SFL) recently held the “Langoy Pinoy 30 Minute Swim Challenge” to benefit the country’s paralympic athletes.

First Inter School Individual Chess Championship in OLOPSC, Marikina, August 31

THE OLOPSC Parents Teachers Association, Inc. in coordination with the Concepcion Dos Chess Club, is staging the First Inter School Individual Chess Championship on August 31 at the OLOPSC DS Hall (Our Lady of Perpetual Succor College-Dionisio A. Salvador Hall) Campus located in General Ordoñez St. Concepcion Uno, Marikina City.

Bent on competing

Tiger Woods almost didn’t tee off for the Pro-Am round of The Northern Trust yesterday. Delayed by around half an hour due to inclement weather, it didn’t seem like a good idea for him following a mediocre practice session. After some thought, however, he opted to get some reps in at 7,370-yard, par-71 Liberty National in Jersey City, New Jersey, anyway. No doubt, improved conditions coupled with the warm temperature spurred him to much-needed action. And for a while there, he appeared to do all right -- until, that is, his back appeared to act up after a wayward drive.

Go on a local food and crafts adventure at Grab’s NakakaLOKAL Fair

● Visitors may indulge on a culinary journey across different regions of the Philippines from participating merchants ● The fair also features Filipino craftsmen and...

Local fintech Cashalo launches national financial literacy platform, ‘Cash Academy’

Earlier today, local fintech platform Cashalo launched ‘Cash Academy’, a nationwide financial literacy program aimed towards developing a generation of more financially knowledgeable, responsible,...

Record-breaking €205M jackpot could be won from the Philippines

The Italian SuperEnalotto lottery is currently offering a €205.4 million jackpot prize, which is the biggest jackpot anywhere in the world at the moment...

Second-quarter economic growth slowest in 17 quarters

The Philippine economy posted a 5.5% gross domestic product (GDP) growth in the second quarter, the Philippine Statistics Authority (PSA) reported this morning. The...
1000 peso bills

Q1 agriculture, service growth revised lower

FIRST-QUARTER economic expansion was maintained at 5.6% even as the growth of services as well as of agriculture and allied sectors in that period was less than initially reported, the Philippine Statistics Authority (PSA) said a day before it reports preliminary estimates for second-quarter gross domestic product performance.
farmer rice field

Farm output marks biggest fall in 3 years

FARM PRODUCTION contracted for the first time in three quarters in April-June, marking its biggest drop in three years on a steep fall in crop output and signalling that the sector weighed on overall economic performance scheduled to be reported on Thursday morning ahead of the central bank’s fifth monetary policy review for the year.
port of manila

June trade deficit smallest in 15 months on import decline

THE COUNTRY’s trade-in-goods gap in June shrank to its smallest amount in 15 months as imports declined by a double-digit rate while exports rode bigger earnings from electronic products.

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

THE COUNTRY’s trade-in-goods gap in June shrank to its smallest amount in 15 months as imports declined by double-digit rate while exports rode bigger...

Dec. 15 2020 budget enactment targeted

THE SENATE finance committee will hold parallel hearings on the proposed P4.1-trillion national budget for 2020 in a bid to send it to President Rodrigo R. Duterte for signing by Dec. 15, ahead of adjournment on Dec. 20.

SM Investments nets P23 billion in 1st 6 months

SM INVESTMENTS Corp. (SMIC) delivered a 27% increase in earnings for the first half of 2019, on the back of its banking unit’s strong performance and higher sales from the residential business.

Megaworld Q2 profit up on strong revenues

MEGAWORLD Corp.’s attributable profit jumped 15% to P4.5 billion in the April to June period of 2019, driven by the growth of its residential, commercial, and hotel businesses.
DNL

After ‘weak’ Q2, DNL expects lower earnings this year

LISTED chemicals and plastics manufacturer D&L Industries, Inc. (DNL) may book a two percent decline in earnings for full year 2019, following a slowdown in sales volume seen during the first semester.

Google pledges carbon-neutral device shipping, recycled plastic

SAN FRANCISCO -- Alphabet Inc.’s Google on Monday announced that it would neutralize carbon emissions from delivering consumer hardware by next year and include recycled plastic in each of its products by 2022.