Home 2019 September 3

Daily Archives: September 3, 2019 | 10:07 pm

Procurement law seen hindering direct rice purchases by LGUs

LOCAL government purchases of rice directly from farmers are running into problems because of the constraints posed by government procurement rules, Senator Cynthia A. Villar said.

Foreign chambers back PEZA firms’ exemption from CITIRA bill

THE Joint Foreign Chambers (JFC) said Tuesday they support the exemption of the Philippine Economic Zone Authority (PEZA) from the coverage of the Corporate Income Tax and Incentives Rationalization Act (CITIRA) bill.

CALAX 10-km Laguna segment opening in Oct.

THE Department of Public Works and Highways (DPWH) said it expects to open a 10-kilometer (km) Laguna segment of the Cavite-Laguna Expressway (CALAX) ending in Sta. Rosa next month.

DoLE to delay forwarding tenure bill to Congress

LABOR Secretary Silvestre H. Bello III said his department will submit its draft Security of Tenure (SoT) bill later this year after legislators finalize the 2020 budget, further delaying the new version of the vetoed measure, which was originally to be forwarded to Congress in August.

Budget bill still on track for approval, no changes made

HOUSE appropriations committee Chair and Davao City 3rd District Rep. Isidro T. Ungab said Tuesday that no changes have been made to the proposed P4.1-trillion national budget following recent procedural hurdles thrown up against the 2020 general appropriations bill (GAB).
steel bars

DTI, DENR to review regulation of steelmakers

THE Trade and Environment departments said they will seek to harmonize environmental rules to ensure the steel industry is adequately regulated with the introduction of new production methods.
Department of Budget and Management (DBM) facade

DBM sees gov’t debt breaching P8 trillion in 2020

GOVERNMENT debt is projected to breach the P8-trillion mark next year, the Department of Budget and Management (DBM) said.

Short-term pain, long-term gain: Indonesia could plug nickel pig iron gap

SINGAPORE -- Indonesia may be able to plug an expected shortfall in nickel pig iron (NPI) supplies caused by its nickel ore export ban starting next year by boosting its own capacity to produce the semi-finished metal used to make stainless steel.

The strange lure of free-market economics

LONDON -- What is it about “free markets”? The phrase creates a frisson of excitement among a certain group of people. In The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society, Binyamin Appelbaum describes what happened when these intellectual fanatics were given the power to act on their ideas. It is not a happy tale.

The enabling strategy

In the playbook of democratic governance, government and its institutions perform the role of an enabler that provides the necessary legal and regulatory environment for the delivery of better and affordable public services.


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The hazards of misreading the news

When I read the post in social media that Senator-boxer Manny Pacquiao had proposed crucifixion as a method of imposing the death penalty, my automatic response was to suggest, “Crucify him!”

Before you leave

MANAGEMENT wants to understand why employees leave, especially when the resignation is voluntary and not forced. (Did you not like the cafeteria food?) The exit interview is designed to draw out the motives behind a departure not reflected in a dry, maybe angry, resignation letter, sometimes just one sentence long. It is supposed to guide management on gaps in its retention policy.

The hard part of ending inequality is paying for it

BURIED AMONG the storylines about global trade and political intrigue from the G7 summit last month is perhaps the most noteworthy one of all. Business for Inclusive Growth, or B4IG, a coalition of 34 multinational companies with more than 3 million employees and revenues topping $1 trillion, unveiled an initiative to tackle inequality with help from the Organization for Economic Cooperation and Development.

Peso weakens further on concerns over Brexit, fresh US-China tariffs

THE PESO extended its losing streak on Tuesday on continued US-China trade war jitters paired with Brexit issues looming anew amid election prospects.
PSE bells

PSE index sinks as US-China trade war heats up

THE MAIN INDEX fell on weak sentiment from US market futures due to the escalation in the US-China trade war.

Duterte spokesman ‘referred’ ex-mayor’s plea for parole

PRESIDENT RODRIGO ROA Duterte’s spokesman referred the application of a convicted former mayor for executive clemency, according to the chief of the countrys’ parole board.

Court junks lawsuit for protection of disputed shoals

THE Supreme Court has rejected a plea from fishermen and a lawyer’s group to force the government to protect three disputed shoals in the South China Sea.

Court junks motions to dismiss plunder suits

THE COUNTRY’S anti-graft court has rejected separate pleas to dismiss plunder cases against a former congressman and a businesswoman accused of masterminding the so-called pork barrel scam.

Children born out of wedlock outnumber legitimate ones

ILLEGITIMATE children in the Philippines have outnumbered kids born after marriage and their rights should also be protected, a Supreme Court magistrate said yesterday.

Batanes still under signal #1 as Liwayway strengthens on its way out

SEVERE TROPICAL storm Liwayway continued to intensify as it moves out of the Philippine area, placing Batanes under typhoon cyclone wind signal #1 for a second day.

Cebu City creates task force with DPWH to address flooding

A TASK force composed of the Department of Public Works and Highways (DPWH) and the city’s own Department of Engineering and Public Works has been created to address the longstanding and worsening flooding problem.

DCWD still awaiting Davao City gov’t approval for P300M septage project

THE DAVAO City Water District (DCWD) is ready to rollout the proposed P300-million septage project, but it is still awaiting the local government’s approval.

It’s Tuna Festival in GenSan

GENERAL SANTOS’ annual Tuna Festival opened last Friday and various events have been lined up this week for the celebration of the city’s main industry.

Nationwide round-up

THE SUPREME Court (SC) junked a lawyer’s petition seeking to legalize same-sex marriage in the country.

Nation at a Glance — (09/04/19)

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

UAAP Season 82 men’s basketball starts today

THE MARQUEE men’s basketball event of Season 82 of the University Athletic Association of the Philippines kicks off today with a triple-header set at the Smart Araneta Coliseum.

Bencic stuns No. 1 Osaka

NEW YORK -- Naomi Osaka was upset 7-5 6-4 by Belinda Bencic at the US Open on Monday as the Japanese lost her grip on both her title and number one status while the Swiss reached the quarterfinals at Flushing Meadows for the second time.

Gilas Pilipinas tries to avert going winless in group play versus Angola

WINLESS and already eliminated from the running in the 2019 FIBA Basketball World Cup, the Philippine men’s national basketball team tries to finish group play on a high note and have something to build on heading into the classification side of the tournament.

Acclaimed artists rally behind Filipino athletes for SEAG

FILIPINO athletes seeing action later this year in the 30th Southeast Asian Games have received a boost from acclaimed performing artists of the land.

PVL: Choco Mucho out to halt skid in game versus PetroGazz

HAVING LOST their last two matches, the Choco Mucho Flying Titans try to halt their skid when they take on the PetroGazz Angels in Premier Volleyball League (PVL) Open Conference action today at the FilOil Flying V Centre in San Juan City.

UTP junior netters in Malaysia for ATF 14-and-under tilt

A TEAM of Unified Tennis Philippines (UTP) national junior tennis players are in Malaysia to represent the country in the Asian Tennis Federation (ATF) 14-and-under series.

Eye-opener

Dropping to its second defeat in as many games in the FIBA Basketball World Cup in China on Monday, Gilas Pilipinas has been eliminated from the running and relegated to the classification side of the global hoops spectacle.

Preparation

Belinda Bencic isn’t one to exert pressure on herself. She has learned not to, having seen the pitfalls of great expectations both as an accomplished junior and as a well-traveled pro. She is, if nothing else, pragmatic, and especially in her assessment of self. For example, she concedes that she has “less talent and touch” than compatriot and mentor Martina Hingis, five-time major titleholder and daughter to former coach Melanie Molitor. No doubt, her nuanced view of her potential stems from her roller-coaster experience. She had ups early on, including a quarterfinal-round appearance in the 2014 United States Open and two Women’s Tennis Association Tour titles the next year. Then she had downs, among them wrist surgery in 2017 and its protracted period of convalescence.

Launchgarage hosts Malaysian startups with EXPAND Philippines

For the second year in a row, local tech accelerator Launchgarage hosted EXPAND Philippines, a structured three-week market access program for Malaysian companies seeking...

Hospitality startup ZEN Rooms now the biggest hotel chain in Metro Manila

Indonesian hospitality startup ZEN Rooms has just recently opened over 400 new rooms with its recent partnership with Selah Hotels making it the biggest...

CFA Society Philippines to hold fourth investment summit for Gen Z workforce

Local investor organization CFA Society Philippines organizes its 4th Philippine Junior Finance and Investment Summit, targeting a growing workforce of tech-savvy Gen Zers entering...

Manufacturing purchasing managers’ index of select ASEAN economies, August (2019)

BUSINESS CONDITIONS for factories in the Philippines improved “at a moderate rate” in August, with firms raising production “only modestly as new order growth fell from July levels,” according to results of a monthly survey IHS Markit conducts for Nikkei, Inc. that were released on Monday.

Manufacturing posts ‘modest’ gains

BUSINESS CONDITIONS for factories in the Philippines improved “at a moderate rate” in August, with firms raising production “only modestly as new order growth fell from July levels,” according to results of a monthly survey IHS Markit conducts for Nikkei, Inc. that were released on Monday.

Asian factories lashed by trade wars, slowing demand in August

TOKYO -- The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policy makers to unleash fresh stimulus to fend off recession risks.

Gov’t faces higher cost for MRT-3 O&M with use of China-made trains

THE GOVERNMENT may have to pay a higher price for the operation and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3) by Japanese contractors to accommodate the use of China-manufactured train sets.

Philippines’ nickel miners to boost ore output as Jakarta sets shipment ban

PHILIPPINE nickel miners are expected to boost ore production next year when Indonesia bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners’ lobby group told Reuters on Monday.
office workplace meeting

PHL offers perks to lure start-ups from around the world

LIRON GROSS moved to the Philippines with her family in 2017 to start Payo, a start-up e-commerce payment solution.

Marvel marks 80th year with collaborations with SM, Miniso

AS PART of its 80th anniversary celebrations worldwide, Marvel Entertainment partnered with SM malls to bring official Marvel merchandise and other consumer products to 70 of the mall chain’s locations.

Villain in Venice: Joaquin Phoenix goes from tragic to comic in Joker

VENICE, Italy — One of Gotham’s most famous villains arrived at the Venice Film Festival on Saturday, in a standalone dark story telling the origins of the Joker.