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Monthly Archives: November 2019

BSP

Yields on BSP’s term deposits decline on hints of more easing

YIELDS ON term deposits declined on Wednesday after the central bank chief said a rate cut before the year ends is still possible and following the fresh liquidity expected from the revision of the definition of deposit substitutes.

Singapore’s Grab introduces pilot motorbike-hailing service in Malaysia

KUALA LUMPUR — Ride-hailing firm Grab has launched a pilot program for motorbike hailing in Malaysia, barely a month after regional rival Gojek was given the green light to begin limited operations in the country.


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Intel and MediaTek partner on laptops with 5G modems for 2021

TAIWAN’S MediaTek Inc. has announced a partnership with US chipmaking giant Intel Corp. to supply future Intel-powered PCs with fifth-generation networking modems from the start of 2021.

How good is Château Lafite Rothschild’s Chinese wine, Long Dai?

WHAT’S THE ultimate status wine in China? Famed Bordeaux first growth Château Lafite Rothschild. That’s why the company’s first wine made in China is such a big, big deal.
Asia United Bank Corp. (AUB)

AUB books higher income

ASIA UNITED BANK Corp. (AUB) saw its net profit increase in the third quarter, thanks to interest income from loans and receivables.

Globe names new information chief

GLOBE TELECOM, Inc. on Wednesday announced the appointment of Carlomagno E. Malana as its new chief information officer beginning Jan. 1, 2020.

Kaspersky sees more cyberattacks in 2020

INTERNET security firm Kaspersky sees cyberattacks increasing in 2020, particularly in regions situated along trade routes between Asia and Europe, as political conflicts turn to the cyber environment.

Kantar to offer outdoor advertising metrics

MEDIA RESEARCH agency Kantar Media Philippines, which is known for its television ratings measurements, is expanding its research to outdoor advertising.

Glenrothes whisky: a taste of the sun

IT CHANGED hands like a parcel at a party, and it has burst into flames at least four times, but here we are, drinking their single malts.
BPI Family Savings Bank

BPI Family Savings Bank bond offer oversubscribed

THE THRIFT BANKING arm of the Bank of the Philippine Islands (BPI) has cut short its offer period for its P2-billion maiden bond issue after it saw robust market demand.
ARTHALAND

Arthaland seeks SEC approval for issuance of P6-B green bonds

ARTHALAND Corp. has formally filed its application with the Securities and Exchange Commission (SEC) to issue P6-billion fixed-rate bonds, of which P3 billion will be Association of Southeast Asian Nations (ASEAN) green bonds.

CDO fair shows off Mindanaoan cuisine

CAGAYAN DE ORO — Some of the best food in from Mindanao was brought together at the Ayala Centrio Mall at Cagayan de Oro City for the Department of Tourism’s Kain Na! food festival.

RCBC looking to set up virtual bank by 2020

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to join the virtual banking scene in the country by next year.

Privacy lapses could be part of tech antitrust cases

ANTITRUST authorities probing Facebook Inc. and Alphabet Inc.’s Google have struggled with scrutinizing companies whose products are popular and free. Now they may have a solution: Use privacy as a test.

Businessman Yu increases stake in Pacifica

THE Cebu-based holding firm of businessman Lowell L. Yu has increased its stake in Pacifica, Inc. to become the majority owner of the listed shell company.

Dining Out (11/28/19)

MARCO POLO ORTIGAS Manila’s all-day restaurant, Cucina recently introduced new featured dishes.

US-based chip-tech group moving to Switzerland over trade curb fears

SAN FRANCISCO/WASHINGTON -- A US-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland after several of the group’s foreign members raised concerns about potential US trade curbs.

BoJ’s Sakurai sets high bar for more easing

KOBE, Japan — Japan’s central bank can hold off expanding stimulus for now as robust domestic demand offsets the hit to exports from overseas risks, its board member Makoto Sakurai said, suggesting no additional easing was likely in the near term.

How PSEi member stocks performed — November 27, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, November 27, 2019.
power lines

NGCP says no instance of remote access to grid

THE National Grid Corp. of the Philippines (NGCP) said Wednesday that there was no cause for alarm over Chinese involvement in the power distribution system, noting that the grid’s controls have never been accessed remotely since the company’s founding.
container trade volume

BoC cites weak imports, fuel marking delay for missed targets

THE Bureau of Customs (BoC) told a Congressional panel that major ports failed to meet their revenue targets because of a slowdown in imports, adding that some targets have been set too high and do not account for delays in the fuel marking program.
fishing

PHL, S. Korea sign fisheries, aquaculture agreement

THE Department of Agriculture (DA) has signed a memorandum of understanding (MoU) with South Korea’s Ministry of Oceans and Fisheries (MOF) to collaborate in fisheries management and trade.

Gov’t union seeks uniform P16,000 starting salary for public sector

A GOVERNMENT workers’ union said it is pushing for a uniform P16,000 entry-level wage for public-sector workers.
light bulb electricity

Brownout-free power seen requiring diversified sources, latest coal tech

THE Philippines should diversify and modernize its sources of electricity to achieve the kind of uninterrupted power supply Taiwan has attained, according to officials of power generation companies from the Philippines and Taiwan.
Court of Tax Appeals CTA

CTA upholds South Luzon Tollway stamp tax ruling

THE Court of Tax Appeals (CTA) affirmed the cancellation of P50.5-million tax assessment against South Luzon Tollway Corp. over a Documentary Stamp Tax (DST) deficiency, among others.

ARTA: Path of unease to ease doing business

To enhance efficiency, the government has strengthened and broadened the Anti-Red Tape Act of 2007 by passing Republic Act (RA) 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. The law took effect on June 17, 2018, intending to create programs that simplify requirements and streamline procedures in government transactions.

Quid pro quo is standard practice in Philippine politics

Quid pro quo is a Latin phrase that literally means something for something. It is used very often in reference to an exchange of favors.

From City Hall to Malacañang

If memory serves me, only two city mayors so far have become presidents of the republic: Joseph “Erap” Estrada and Rodrigo “Digong” Duterte. But Erap, from mayor of San Juan, first became a senator, and then the vice-president (1992-1998). Digong, on the other hand, was mayor of Davao City when he resigned to run -- successfully -- for the presidency.

Vape control and brand control

“The only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant.” -- John Stuart Mill, On Liberty (1859), Ch. 1 Introduction

It’s time to pay travel time

I have been travelling long distances since I was in grade school. I got accustomed to the time spent travelling as well in the effort and mindset to prepare for the travel. Waking up earlier, preparing earlier or even the day before, not being able to eat breakfast, looking groggy, and enduring cold baths. This was the trend then and continues up to now, especially for those who live in the provinces and work or study in Manila.

How dogs and people ended up ruling the world

WHERE DO dogs come from? What is their relationship to wolves?

Shares up on window dressing, trade deal hopes

THE PHILIPPINE Stock Exchange index (PSEi) rebounded on Wednesday as investors begin an anticipated Christmas rally, driven by optimism on positive developments in the Sino-US trade talks.
peso dollar

Peso climbs on US-China deal progress

THE PESO strengthened on Wednesday as US President Donald J. Trump said Washington’s “phase one” trade deal with China is inching closer to completion.

Court says Abad liable for 2012 budget program

THE Court of Appeals has affirmed the liability of former Budget Secretary Florencio B. Abad for simple misconduct over a financial program that sought to hasten government projects without congressional approval.

Labor groups seek penalty for employers of exhausted workers

LABOR groups have asked the Labor department to punish employers of exhausted construction workers involved in finishing last-minute sites for the Southeast Asian Games.

Tropical storm Kammuri seen to enter PHL by Sunday or Monday

TROPICAL STORM Kammuri, packing winds of 85 kilometers per hour (kph) and gustiness of up to 105 kph, is expected to enter the Philippine area by Sunday or Monday, weather bureau PAGASA reported on Wednesday.

Central Visayas wage board approves P18 hike

THE CENTRAL Visayas Regional Tripartite Wages and Productivity Board (RTWPB-7) approved on Tuesday a minimum wage increase of P18 per day.

25 environment samples from NCR, 1 from Davao positive for poliovirus

THE DEPARTMENT of Health (DoH) on Wednesday announced 26 environment samples — 25 from Metro Manila and one from Davao Region — are positive for poliovirus.

3 Zamboanga City Protected Area workers, boatman reported missing in possible sea accident

THREE MEMBERS of the Zamboanga City Protected Area Management Office (PAMO) and their boatman were reported missing on Tuesday and search operations are ongoing while authorities determine the circumstances of their disappearance.

BPI BanKo targets 600 loan accounts in Davao by 2020

BANK OF the Philippines Islands subsidiary BPI Direct BanKo Inc. is targeting a loan portfolio of 600 accounts in the city by next year from 490 as of end-October.
DoLE

Nationwide round-up

A JOB caravan around the country, starting on Nov. 28 with the first stop at the Cuneta Astrodome in Pasay City, will have 22,000 local and foreign employment opportunities on offer, the Department of Labor and Employment (DoLE) announced on Wednesday.

Malditas shoot for semis after the Myanmar draw

THE Philippine women’s national football team got off the stranglehold of long-standing tormentor Myanmar by holding the latter to a nil-nil draw in the opener of women’s football at the 30th Southeast Asian Games on Tuesday at the Biñan Football Stadium in Laguna.

Philippine men’s ice hockey team eyes home celebration at 30th SEA Games

THE Philippine men’s ice hockey team, defending Southeast Asian Games gold medallist, seeks to make a successful title defense in this year’s edition of the sporting meet which the country’s is hosting beginning this weekend.
Philippines 2019 SEA Games logo

Myanmar defeats Azkals, 2-1

THE PHILIPPINES dropped a close 1-2 decision to Myanmar in Group A yesterday in the 30th Southeast Asian Games men's football tournament in front of an animated and sizeable hometown crowd at the Rizal Memorial Football Stadium.