10 | September | 2019 | BusinessWorld

Speaker backs more funding for rice procurement

SPEAKER Alan Peter S. Cayetano said he will support at least P9 billion in additional funding for the procurement of palay, or unmilled rice, to support the market and prop up farmer incomes, as plenary discussion of the 2020 budget got underway in the House.

Rice inventory up over 40% year-on-year ahead of harvest

THE national rice inventory was estimated at 2.133 million metric tons (MMT) as of Aug. 1, up 40.3% from a year earlier, but down 18.7% month-on-month, the Philippine Statistics Authority (PSA) said.

Duterte signs law expanding Bataan freeport territory

PRESIDENT Rodrigo R. Duterte has signed a measure expanding the territory of the Freeport Area of Bataan (FAB) to create more investment opportunities for the province.

Malaysia, Singapore studying ‘success’ of PHL sugar tax on beverages — Finance dep’t

MALAYSIA and Singapore consider the Philippine excise tax on sugar-sweetened beverages (SSBs) a “successful fiscal policy intervention,” the Department of Finance (DoF) said.

Philippines, Singapore, sign data agreement

THE PHILIPPINES and Singapore have agreed to share best practices in data protection and to combine efforts in data protection and cross-border data flow.

Law creating Davao airport authority signed

PRESIDENT Rodrigo R. Duterte signed into law a measure creating the Davao International Airport Authority (DIAA) that will manage airports in the Davao Region, including the city’s Francisco Bangoy International Airport.

PHL cited as gender-equality leader in government hiring — ADB, OECD

THE Philippines is a regional leader in terms of gender equality in job hiring, specifically in the public sector, the Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD).

Peso weakens on US data bets

THE PESO closed on a weaker note on Tuesday on the back of expectations of upbeat US producer inflation data.

Main index declines ahead of ECB, Fed meetings

THE main index snapped its four-day winning streak as investors waited for catalysts, such as policy moves of central banks abroad.

Assessment, realization as PHL ends last in World Cup

THE Philippine men’s national basketball team ended its FIBA Basketball World Cup campaign on Sunday, a bid that turned out to be a whole rougher than what was expected by the team, eventually seeing itself finishing dead last in the competition.

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USA eases past Brazil as Australia edges France

BEIJING -- Holders United States romped into the basketball World Cup knockout rounds with an 89-73 win over Brazil and booked a quarterfinal clash with France, who were edged by Australia 100-98 in a thriller on Monday.

Azkals bounce back, beat Guam, 4-1

THE Philippine men’s national football team bounced back from a previous loss in the second round of joint qualification for FIFA World Cup 2022 and Asian Cup 2023, beating Guam, 4-1, in Group A action on Tuesday in Dededo.

Lyceum stops losing skid, downs Arellano

THE Lyceum Pirates opened the second round of the eliminations of National Collegiate Athletic Association Season 95 on a winning note, beating the Arellano Chiefs, 93-90, on Tuesday at the FilOil Flying V Centre in San Juan City.

Ateneo vs UST in battle of unbeaten UAAP teams

EARLY LEADERS in Season 82 of the University Athletic Association of the Philippines collide today as defending champions Ateneo Blue Eagles face off with the University of Santo Tomas Growling Tigers in league action today at the Smart Araneta Coliseum.

Yanks oust Red Sox from division title hopes

BOSTON -- Austin Romine and Gio Urshela homered, James Paxton threw 6 2/3 shutout innings and the New York Yankees blanked the host Boston Red Sox 5-0 in the finale of a four-game series Monday.

Barty reclaims no. 1 spot, Andreescu climbs to fifth

NEW YORK -- Australia’s Ash Barty has reclaimed the number one spot in the WTA rankings less than a month after losing it while US Open champion Bianca Andreescu moved up to a career-high fifth after her maiden Grand Slam win in New York.

Nadal motivated by love of game, not Grand Slam record

NEW YORK -- Rafa Nadal moved within one Grand Slam title of tying Roger Federer’s all-time mark of 20 on Sunday but even after adding a fourth US Open to his collection the Spaniard said it was his love of the game, not records, that motivates him.

More to keep an eye on

Opening week of Season 82 of the University Athletic Association of the Philippines proved to be an eventful one, highlighted by competitive matches and impressive individual performances.

James motivation

LeBron James is three months short of 35 years old. He has been toiling at the sport’s highest level since being drafted first overall in 2003, in the process accumulating mileage topped only by a handful of legends. His numbers indicate both his longevity and the downward trajectory of his career: 16 years, 1,437 games, 56,284 minutes. And, moving forward, he figures to be viewed from the perspective of critical quarters only too cognizant of the dichotomy. He has delivered the goods too often to be doubted, but ultimately isn’t immune to the single most significant factor even the best of the best cannot overcome: time.

Dying delicadeza

One of many Filipino values that is sadly disappearing, or has been forgotten these days, is delicadeza. It is one of the traits long held dear by our forebears as a mark of breeding, and of civilized, ethical, and responsible behavior. Recently there seem to be more and more displays of brazenness among our public officials, whether executive, legislative, or judiciary.

Not just a $23-Billion solution

A wide-ranging value chain analysis on the Philippine economy leads us to try new strategies, which can eventually jumpstart “real” development. The fact remains that our country is the fifth most mineralized country in the world; the issue of effective resource management in order to unleash the potentials of this “underground” wealth is a good strategic approach as this can finance development and activate key industries in the process.

Regulating the creditor-debtor cat-and-mouse chase

Benjamin Franklin said, “creditors have better memories than debtors.” Comically, Ambrose Bierce in his book, The Devil’s Dictionary, defined “forgetfulness” as a gift from God bestowed upon debtors in compensation for their destitution of conscience.

In the winter of our lives…

In September 2011, for the Global Summit of Filipinos in the Diaspora, convened by the Commission on Filipinos Overseas (CFO), then CFO Chair Imelda Nicolas, asked me to write a poem, “We Hear Our Motherland Calling,” as a response of overseas Filipinos to the call of Inang Pilipinas to her children in foreign lands.

Ombudsman suspends 3 jail officials for graft

THE country’s chief graft buster suspended three more prison officials for allegedly allowing the illegal release of felons convicted of heinous crimes, according to separate copies of the suspension orders.

Police to seek Interpol help in Joma’s arrest

PHILIPPINE police will seek the help of the International Criminal Police Organization or Interpol in the arrest of Maoist leader Jose Maria “Joma” Sison for murder, according to its chief.

Court completes report on recount of ballots in Marcos election protest

THE SUPREME Court has finished its report on the recount of ballots in three pilot provinces where massive cheating took place, as alleged by losing 2016 vice-presidential candidate Ferdinand “Bongbong” R. Marcos, Jr.

Duterte orders investigation of tabloid arson attack

PRESIDENT Rodrigo R. Duterte has ordered an investigation of the arson attack on the printing plant of a Manila-based tabloid, the presidential palace said yesterday, as it condemned the assault.

Duterte fires Pasig rehab chief

PRESIDENT Rodrigo R. Duterte has fired the head of the Pasig River Rehabilitation Commission for alleged corruption, his spokesman said yesterday.

UP gets authority to sell properties to QC gov’t

PRESIDENT RODRIGO R. Duterte has signed a law authorizing the University of the Philippines (UP) to sell parcels of its land in Barangay Krus na Ligas to the Quezon City government for housing and urban settlement.

Metro Dumaguete Diversion Road targeted for completion by Q1 2020

CONSTRUCTION OF the first section of the Metro Dumaguete Diversion Road, with the groundbreaking ceremony held recently, is targeted for completion by the first quarter next year.

Singapore president is 1st foreign head of state to visit Eagle Center

SINGAPORE PRESIDENT Halimah Yacob will visit the Philippine Eagle Center (PEC) today, the first foreign head of state to do so.

DILG to help ensure implementation of law in Bangsamoro normalization process

THE DEPARTMENT of Interior and Local Government (DILG) has vowed to assist the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) government in ensuring the implementation of the law as the normalization process gets underway.

Zamboanga City highlights growth in commemoration of 2013 siege

ZAMBOANGA CITY commemorated on Monday the 2013 siege, giving honor to the memory of those who died and highlighting efforts to get the city back on the road to progress in the past six years.

Nationwide round-up

AS THE Senate discussed the proposed fifth round of the Salary Standardization Law (SSL) on Tuesday, Senator Sherwin T. Gatchalian stressed the need to make government workers’ salaries at par with rates in the private sector to retain talent.

Nation at a Glance — (09/11/19)

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

African Swine Fever outbreak confirmed

THE DEPARTMENT of Agriculture (DA) on Monday confirmed the first outbreak of African Swine Fever (ASF) in the Philippines, adding that quarantine measures have been tightened to prevent the spread of the virus.

Meralco rates down for fifth month

HOUSEHOLDS in Metro Manila will see lower electricity bills for the fifth straight month in September, according to the Manila Electric Co. (Meralco).

Three economic reforms bag House approval

THREE ECONOMIC REFORMS gained ground in the House of Representatives on Monday evening, with the measure removing restrictions on foreigners from practicing their professions in the Philippines and another simplifying taxes on financial instruments both bagging final approval.

BoC grows collections as of August

THE BUREAU of Customs (BoC) grew collections further in August, according to preliminary figures released on Monday.

Forum highlights need for FIRe preparation

THE FOURTH Industrial Revolution (FIRe) is bound to hit more and more sectors in the Philippines, and the challenge now is to prepare them to take advantage of opportunities from this development, speakers said in BusinessWorld’s Industry 4.0 Summit at Shangri-La at the Fort, Taguig City on Monday.

Fruitas targets to raise up to P1.2 billion from IPO

FRUITAS Holdings, Inc. looks to raise up to P1.2 billion from a maiden share sale by December, joining the roster of companies seeking to go public in 2019.

Joker wins Venice Golden Lion

VENICE, Italy — Dark drama Joker about the origins of the villainous character won the Golden Lion award at the Venice Film Festival on Saturday, while Roman Polanski’s military drama about France’s notorious Dreyfus affair took the runner-up prize.

Daily Archives: September 10, 2019 | 10:06 pm