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Daily Archives: September 11, 2019 | 10:21 pm

NFA rice warehouse import

Legislator backs P22.5-B NFA procurement budget

REPRESENTATIVE Jose Ma. S. Salceda, the House Ways and Means committee chair from Albay’s 2nd district, said he supports more borrowing by the National Food Authority (NFA) to boost its rice procurement funding to about P22.5 billion.

DTI, NEDA preparing measures for long trade war

THE Department of Trade and Industry (DTI) and National Economic Development Authority (NEDA) are preparing for a prolonged US-China trade war, ultimately seeking to capture more foreign investment while pursuing deeper regional integration, improving approval processes, and helping start-ups and small businesses succeed.
Bureau of Local Government Finance (BLGF)

House panel consolidates property valuation bills

THE House Ways and Means committee on Wednesday approved a substitute bill seeking to reform the real property valuation and assessment system.

Senate panel approves P8.2-B OP funding

THE Senate finance committee on Wednesday approved the P8.201-billion budget of the Office of the President (OP) for 2020 with no interpellation.

Foreign chambers see amendments to FIA raising investment

THE Joint Foreign Chambers (JFC) on Wednesday welcomed the final approval by the House of Representatives of the bill which proposes to amend the Foreign Investments Act (FIA).

E-cigarette industry calls for ‘fair’ tax regime

THE electronic cigarette lobby said its products need to be fairly taxed and regulated, especially if the Philippines hopes to fund its Universal Health Care system in part with the proceeds of a tax on e-cigarettes.

Why Southeast Asia shouldn’t worry about ‘brain drain’

HERE’S WHY the perception that skilled migration damages the source country is wrong.

Are you comfortable?

ONLY in our country do we refer to toilets as “comfort rooms.” I can only surmise how that came about. Was it the relief expected from a visit there? Ask for directions where the comfort room is in North America and you get a quizzical look, unless the party being queried happens to be a compatriot.

No ID, No Entry

A newspaper report quoted NEDA Secretary Ernesto Pernia as claiming that a National ID System -- which in our case, rolls out this month -- will help curb leakages in the government’s cash transfer programs as it can help better identify “deserving beneficiaries” and also correct the “lag between the need of the citizens who merit assistance, and the provision of the budget.”

More politics will worsen the Philippines’ power deficiency

It is pathetic that people often politicize many things, whether food or medicines or electricity. Like creating a new energy company by legislation instead of the normal ERC-SEC process, or getting the Supreme Court to stop implementation of certain provisions of the EPIRA law of 2001 (RA 9136) such as the retail competition and open access (RCOA).

Clarity and purpose in communications

SUCCESSFUL selling skills are a reflection of good interpersonal skills. Every sale achieved is an outcome of assessing, approaching, and navigating several interactions between a salesperson and her buyer. Manage and master your ability to connect, engage and ethically influence a prospect and he will become your customer for life.

Net foreign buying helps fuel last-minute rebound

LOCAL SHARES recovered on Wednesday as investors bought up select names towards the market’s close, with those abroad remaining predominantly bullish for the second straight day.

Peso weakens as dollar rebounds vs most units

THE PESO weakened on Wednesday as the dollar regained its dominance across global markets.

Duterte won’t beg for emergency traffic power

PRESIDENT Rodrigo R. Duterte on Tuesday said would not beg for emergency powers from Congress to solve the traffic gridlock in the capital.

De Lima asks DoJ to dismiss sedition case

JAILED Senator Leila M. de Lima denied allegations that she was part of a group that plotted the ouster of President Rodrigo R. Duterte by linking him and his family to the illegal drug trade.
Bureau of Customs (BoC)

Customs seizes P53M worth of vegetables smuggled from China

THE BUREAU of Customs (BoC) seized P53 million worth of smuggled food products from China at the port of Manila yesterday.

Fewer voters in 2019 complained about cheating — SWS

FEWER Filipino voters complained about cheating in the May 2019 elections, according to a poll by the Social Weather Stations (SWS).

Davao-Manado flight may be relaunched Sept. 27

THE REVIVAL of an air link between Davao City and Manado in Indonesia is tentatively set for relaunch on Sept. 27, with the maiden flight to be served by Garuda Airlines.
traffic cars

MMDA to escort emergency vehicles

THE METROPOLITAN Manila Development Authority (MMDA) on Wednesday announced that its motorcycle-riding traffic enforcers will start to escort emergency vehicles like ambulances that will be going through congested areas.

PECO asks: Why hasn’t MORE Power started setting up its own assets?

PANAY ELECTRIC Company, Inc. (PECO), which has re-filed an application before Congress for the renewal of its franchise to distribute power in Iloilo City, has questioned the capability of its competitor, MORE Electric and Power Co. (MORE Power), to set up its own network.
Department of Budget and Management (DBM) facade

Nationwide round-up

THE DEPARTMENT of Budget and Management (DBM) released P82.5 million to the Department of Agriculture (DA) on Tuesday to fund measures relating to the African Swine Fever (ASF) outbreak.

Nation at a Glance — (09/12/19)

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

Eagles edge Tigers, 71-70

THE DEFENDING champions Ateneo Blue Eagles stayed undefeated in University Athletic Association of the Philippines Season 82 after taming the University of Santo Tomas Growling Tigers, 71-70, in their battle of unbeaten teams on Wednesday at the Smart Araneta Coliseum.

NCAA: San Sebastian, CSB try to fortify top four push

JOINT fourth place as they begin their National Collegiate Athletic Association Season 95 second-round bid, the San Sebastian Stags and College of Saint Benilde Blazers go for the tie-breaker and fortify their place in the top four when they collide today at the FilOil Flying V Centre in San Juan City.

From sensors to digital services

Make Water 4.0 a reality with Netilion, the new IIoT ecosystem from Endress+Hauser Digitization is one of the biggest buzzwords in the process industries. Some...

Yeng Guiao steps down as Gilas Pilipinas coach

FOLLOWING their rough campaign in the 2019 FIBA Basketball World Cup where they failed to win a single game en route to finishing dead last in the 32-team field, Gilas Pilipinas coach Yeng Guiao stepped down from his post.

Ronaldo hits 4 for Portugal in 5-1 rout of Lithuania

VILNIUS -- Portugal captain Cristiano Ronaldo took his international tally to 93 goals when he scored four times to give the European champions a 5-1 win away to Lithuania in their Euro 2020 qualifier on Tuesday.

Petro Gazz Angels take further flight as they compete in Taiwan volleyball tourney

FORMED just less than two years ago, the Petro Gazz Angels are steadily carving a name for themselves in the local volleyball scene. And they are set to take further flight next week as they represent the country in the 2019 Taichung Bank International Women’s Invitational Volleyball Tournament in Taiwan.

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Najdorf Poisoned Pawn

7th Altibox Norway Chess Stavanger, Norway June 3–14, 2019 Final Standings 1. Magnus Carlsen NOR 2875, 13.5/18 2–3. Yu Yangyi CHN 2730, Levon Aronian ARM 2752, 10.5/18 4–5. Fabiano Caruana...

KD’s fresh start

Yesterday’s news on the National Basketball Association was dominated by Kevin Durant’s revelations to The Wall Street Journal. Not that what he told J.R. Moehringer were shockers; for a long, long while now, avid hoops fans have known him to be, well, conflicted. Successful and yet unfulfilled. Wanted and yet unsettled. Talented and yet unsure. It’s why his divorce from the Thunder in 2016 was met with derision, and why his decision to move on from the Warriors over the summer, in contrast, felt preordained. Ironically, he had given assurances he would stay with the former, and no indications of his intentions in regard to the latter.

Tala raises $210 Million Series D

Loaning app Tala’s new investment opens more financial opportunities for Filipinos Three billion adults do not have access to basic financial services, including the ability...

Progress and concerns in wastewater management

After water is used for laundry, bathing, dishwashing, using the toilet, and many more, it becomes wastewater. In order for this wastewater to be...

FDI net inflow nearly halved in June

NET INFLOW of foreign direct investments (FDI) -- involving long-term capital that generate jobs and transfer technologies -- was nearly halved in June and fell by more than a third last semester, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, with analysts blaming an escalating Sino-US trade war and uncertainty over proposed changes to tax incentives.

Fitch sees 2nd half GDP growth picking up ‘modestly’

AFTER a not-so-stellar 5.5% first-half economic expansion amid budget delays and headwinds from abroad, Fitch Ratings expects Philippine growth to catch up with a modest improvement this semester.

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

THE COUNTRY’s trade-in-goods deficit narrowed in July as merchandise exports grew at their fastest pace in nine months while imports declined, the Philippine Statistics...
port of manila

Trade-in-goods deficit narrows in July — PSA

THE COUNTRY’s trade-in-goods deficit narrowed in July as merchandise exports grew at their fastest pace in nine months while imports declined, the Philippine Statistics Authority (PSA) reported on Tuesday.
traffic bus

Senate leaders unconvinced extra powers needed vs traffic

SENATE leaders remain unconvinced that the Executive branch needs emergency powers to solve worsening traffic in Metro Manila and other key urban centers, citing in a public hearing on Tuesday the Department of Transportation’s (DoTr) lack of a master plan.

On life and love with Company

BEING in your 30s means finding a partner, settling down, and having children. Or so they say. The expectations for people this age what Company: A Musical Comedy — the first of three Stephen Sondheim musicals to be staged in Metro Manila this year — revolves around.
DENR logo

MGB recommends lifting suspension of 2 mines

THE suspension of mining operations of two companies may soon be lifted, according to an official of the Department of Environment and Natural Resources (DENR).

Viet Thanh Nguyen and understanding of two worlds

IT WAS between two or three in the afternoon in a hotel room in Cambridge, Massachusetts where Vietnamese American writer and professor Viet Thanh Nguyen was preparing for a book reading session at a local bookstore later that day. Everything was calm until a series of notification alerts filled the air.

BDO, Keppel Land bullish on PHL property market as The Podium opens

BDO Unibank, Inc. and Singapore’s Keppel Land Ltd., on Tuesday formally opened the office and retail mixed-use development The Podium in Ortigas business district, Mandaluyong City.

Axelum warns revenues may dip this year

AXELUM Resources Corp. expects sales volume of coconut water to increase this year, although overall revenues may slump due to lower global prices for coconut oil.

Watch a CCP Gala show for P50, P100

WHAT can P100 or P50 get you? How about tickets to Balcony 1 or Balcony II for the People’s Gala, Bulawan: CCP 50th Anniversary Concert, on Sept. 21, 8 p.m., at the Cultural Center of the Philippines’ Tanghalang Nicanor Abelardo?

Petron may sell back Limay plant to SMC Global Power unit

PETRON Corp. looks to sell back the 140-megawatt (MW) solid fuel-fired power plant in Bataan it acquired from a unit of SMC Global Power Holdings Corp. three years ago.