Home 2019 September 12

Daily Archives: September 12, 2019 | 10:53 pm

Hanjin creditors close to deal with investor on Subic shipyard

THE Subic Bay Metropolitan Authority (SBMA) said creditors are close to a deal for the takeover of Hanjin Heavy Industries and Construction Philippines, Inc., with foreign investors currently in talks with banks on how to proceed with the bankrupt shipbuilder’s facilities and work force.

NFA hikes buying price, releases imported rice

THE Department of Agriculture (DA) said Thursday that the National Food Authority (NFA) will increase the buying price for palay, or unmilled rice, to P19 from P17 while also removing add-on incentive payments under the old scheme.

Energy efficiency seen playing bigger role in future power usage

AUSTIN, TEXAS -- Energy efficiency measures or economic activities that aim to reduce the amount of energy required to provide the same amount of benefit or service will play an important role in the generation mix even as their present share remains minimal.
congress house of representatives

Budget proceedings seen subject to challenge over quorum

A MEMBER of the House of Representatives alleged that attendance is being “manipulated” and “doctored,” leaving any budget decisions subject to challenge because of lack of quorum.

Hainan seeks tourism, agri deals with Davao City

DAVAO CITY -- The Chinese island province of Hainan is seeking cooperation between Davao City in tourism, agriculture and trade, visiting Chinese officials said.
class students teachers

Education dep’t studying creation of more ranks for public school teachers

THE Department of Education (DepEd) said it is currently in talks to improve the career path for public school teachers to ensure a steadier progression to the senior rank of Master Teacher.

Sultan Kudarat farm pilot-testing rice seed requiring reduced irrigation

DAVAO CITY -- Climate-resilient rice seed is being developed in South Central Mindanao with reduced irrigation requirements for areas that receive limited water apart from rainfall.

Senate needs more convincing on e-cigarette firms’ bid for separate tax

THE SENATE ways and means committee may still decide to tax electronic cigarettes at par with traditional tobacco products, depending on the findings that emerge about the products’ health risks, its chairman Senator Pilar Juliana S. Cayetano said.


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Tax exemptions for nonprofit club fees

In 2012, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 35-2012, which clarified the taxability of clubs organized and operated exclusively for pleasure, recreation, and other nonprofit purposes.

September on their minds

The most accessible and most credible source of information for most Filipinos, broadcast media made much of September’s advent this year for the usual -- and depressingly trivial -- reasons.

Let’s have a Religious Freedom Protection Act now

It seems bizarre to need to say it but bizarre seems to be the norm nowadays. Anyway, here it is: religious freedom is a fundamental constitutionally protected right.

We don’t know nearly enough about e-cigarettes

“AT LEAST it’s better than smoking” was a common mantra when it came to vaping devices. Not anymore.

Prince Harry can’t make your holiday green

BRITAIN’S Prince Harry is urging tourists to be more eco-friendly -- while at the same time flitting across Europe by private jet. It’s hardly the only contradiction in the travel industry’s drive to become more sustainable.

San Sebastian gets back at College of St. Benilde

THE SAN SEBASTIAN Stags split their season series with the College of Saint Benilde (CSB) Blazers in National Collegiate Athletic Association Season 95 after taking their second-round encounter, 83-67, on Thursday at the FilOil Flying V Centre in San Juan City.

France knock holders US out of World Cup medal rounds

BEIJING -- France caused the biggest shock of the basketball World Cup in China after beating holders the United States 89-79 to reach the semifinals of the 32-nation tournament on Wednesday.

Samantha de la Costa: Finding her place under the jiu-jitsu sun

WHILE she is a relative new convert to the sport of jiu-jitsu, it has not stopped Samantha de la Costa from steadily carving a name for herself in it, winning medals in various competitions along the way.

Irishman Rory McIlroy tops Brooks Koepka for 2018–19 PGA Tour Player of the Year...

NEW YORK -- Rory McIlroy may not have added to his collection of major titles during the 2018-19 campaign, but the Northern Irishman did enough to be named the PGA Tour Player of the Year on Wednesday for a third time.

REV Major set for later this month in Solaire

THE PHILIPPINES’ premier multi-title fighting game tournament -- REV Major -- happens for a third straight year later this month, promising a bigger and stronger staging.

Villar’s historic HR carries O’s past Dodgers

LOS ANGELES -- Jonathan Villar hit a tiebreaking three-run homer in the bottom of the seventh inning to help the Baltimore Orioles to a 7-3 victory over the visiting Los Angeles Dodgers on Wednesday night.

Cebuana Lhuillier Girls’ Tennis Challenge underway

SOME of the most promising and youngest tennis players in the local scene will battle it out in the upcoming Cebuana Lhuillier Girls’ Tennis Challenge set to commence on Sept. 13, 2019, at the Makati Sports Club. Winners in the Under 14 and Under 16 Qualifying Tournament will represent the country in the Women’s Tennis Association (WTA) Future Stars happening in China on October this year.

Player of the Year

Rory McIlroy’s stunned reaction said it all. Invited to lunch yesterday by fellow Jupiter resident Jack Nicklaus, he found himself the target of a surprise. It was an elaborate one, with the Golden Bear accompanied by the United States Professional Golfers Association Tour commissioner Jay Monahan and a camera crew ready to record his reaction for posterity. To set up the moment, they told him they simply wanted him to receive the Byron Nelson Trophy for competing the season with the lowest adjusted scoring average. He was calm and collected, believing the ceremony to be a formality.

Duterte hasn’t given up claim in South China Sea

PRESIDENT Rodrigo R. Duterte had not agreed to ignore an arbitration court ruling that voided China’s claims to more than 80% of the South China Sea, in exchange for a joint oil and gas exploration of the disputed waterway dangled by its neighbor, his spokesman said yesterday.

Lawmakers uncover more jail schemes

THE SENATE has uncovered more money-making schemes at the country’s jails, including prostitution, kidnap-for-ransom and gambling.
Arthur P. Tugade

Duterte still trusts his Transportation chief

PRESIDENT Rodrigo R. Duterte still believes in his Transportation chief’s ability to handle the traffic gridlock in the capital and he sees no reason for him to quit, the presidential palace said yesterday.

Philippines eyes Dutch deal for Joma arrest

THE Philippines will seek a “special arrangement” with the Dutch government for the extradition of Communist Party leader Jose Maria “Joma” Sison who has been ordered arrested by a court for murder, the Department of the Interior and Local Government (DILG) said on Thursday.
PSE

Shares drop on profit-taking amid lack of leads

STOCKS DROPPED on Thursday as investors chose to take profit amid the lack of catalysts, even as most markets abroad rallied on easing trade tensions between the United States and China.

Palace orders probe of politician’s ambush

THE presidential palace yesterday ordered an investigation of the ambush by armed men of former Pangasinan Governor and Congressman Amado T. Espino, Jr..

Peso rises as US, China grant trade concessions

THE PESO regained strength against the dollar on the back of market optimism from positive developments in US-China trade relations.
WIKIPEDIA

Palace blames province for Chinese dredging

Malacañang on Thursday blamed the local government of Zambales for allowing illegal dredging operations by undocumented Chinese nationals in Masinloc town.

Court stops governor’s disqualification

THE Court of Appeals has stopped the Ombudsman and Department of Interior and Local Government from enforcing an order disqualifying Nueva Ecija Governor Aurelio M. Umali from public office.

Nationwide round-up

THE Sandiganbayan Third Division rejected the pleas of former Vice President Jejomar C. Binay and his son Junjun to suspend the graft case against them in connection with the overpriced Makati City Hall parking building.

Nation at a Glance — (09/13/19)

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

Light up the holiday season at SM Supermalls

The echoing sound of Jose Mari Chan’s “Christmas in Our Hearts” only means one thing: ‘ber’ months have finally arrived! This September 16, SM...
dollars

BoI-approved pledges surge in August

THE BOARD of Investments (BoI) -- which accounts for bulk of planned projects registered with investment promotion agencies -- saw such pledges surge in August and year-to-date on the back of big-ticket ventures, according to a press release on Wednesday.

Marawi rehab, hydro plants top agenda at MinBizCon

DAVAO CITY -- Rehabilitation of Marawi City and the two government-owned hydropower complexes are among the concerns that are expected to be discussed during the three-day Mindanao Business Conference (MinBizCon) in Iligan City starting Sept. 12.

Duterte says Xi offered gas deal if 2016 Hague arbitration win ignored

PRESIDENT Rodrigo R. Duterte said his Chinese counterpart has offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral award that went against Beijing.

Call for better policies marks mining summit

A BETTER POLICY ENVIRONMENT is needed to help the mining sector achieve its potentials, experts said in annual industry summit on Wednesday.

Yields on term deposits drop on strong demand

STRONG APPETITE for term deposits caused yields to decline on Wednesday as all tenors were oversubscribed despite the slightly higher offer volume.

A galaxy of gastronomic delights at the 8th Culinaire

EXCESS was the name of the game when the accredited caterers of the SMX Convention Centers showed off their capabilities in the eighth year of Culinaire.

Globe buys back Yondu shares

GLOBE TELECOM, Inc. is buying back all its shares in Xurpas, Inc. subsidiary in a move expected to benefit its enterprise business.

In a fracturing world, the biggest central banks still stuck together

WASHINGTON/TOKYO/FRANKFURT — The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.

There is more to Kobe than just beef

MOST PEOPLE head to Kobe, Japan just to sample the famous Wagyu beef, but there’s so much more to the capital city of Hyogo Prefecture.

SM to open new mall in Olongapo

SM PRIME Holdings, Inc. will be opening a new mall in Olongapo City this Friday as it continues its provincial expansion.

Shopback boosts PHL operations with new app features, interface

SOUTHEAST ASIAN cashback rewards program Shopback is ramping up its Philippine operations four years after entering the country with a new user interface and new app features in response to the increased penchant of Filipinos to online shopping.

BoJ’s dilemma spurs speculation

JAPAN’S CENTRAL BANK, long a pioneer in pushing the envelope of monetary policy in its campaign to stimulate the economy, may yet add to its record of innovation.